The Texas Real Estate MarketPosted: August 02, 2012 at 1:26 PM by Deron TuckerWhere is the Texas real estate market headed?The Texas real estate market continues to show marked improvements over last year, according to the 2012-Q2 edition of theTexas Quarterly Housing Report released yesterday. Here are some highlights from the report: The median sales price of Texas homes in the second quarter of 2012 was $161,400, which is 7.45% more than 2011-Q2. The average sales price had a similar jump, up 7.13% from second quarter 2011, to $213,674. In addition to s read more |
Sales in February Solidly Higher Than a Year AgoPosted: March 27, 2012 at 9:29 AM by Deron TuckerPending home sales were down slightly in February but remain notably above the pattern in the first half of last year, according to the National Association of Realtors®.The Pending Home Sales Index,* a forward-looking indicator based on contract signings, eased 0.5 percent to 96.5 in February from 97.0 in January but is 9.2 percent above February 2011 when it was 88.4. The data reflects contracts but not closings. Lawrence Yun, NAR chief economist, said we’re seeing the conti read more |
Home prices rise statewide in TexasPosted: August 05, 2011 at 8:37 AM by Deron TuckerThe Texas Association of REALTORS® provides media outlets with the Texas Quarterly Housing Report, which reflects what's going on in 47 of the state's markets.The latest report shows that real estate prices during the second quarter of 2011 indicate strength in the Texas market: The median price was $150,400, 1% higher than the same quarter of 2010. The average price in 2011-Q2 was $201,288, 4.6% higher than 2010-Q2.The increase in the average price of Texas homes indicates more activity among read more |
Pending Home Sales Rise in JunePosted: August 05, 2011 at 8:35 AM by Deron TuckerPending home sales increased in June following a wide swing down in April and then up in May, according to the National Association of Realtors®. Activity increased in the West and South but declined in the Midwest and Northeast; all regions show strong double-digit gains from a year ago.The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 2.4 percent to 90.9 in June from 88.8 in May and is 19.8 percent above the 75.9 reading in June 2010, which was the read more |
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