Lubbock Housing Market Shows StrengthPosted: April 30, 2013 at 11:21 AM by Deron Tucker LUBBOCK - While the national real estate market begins to show recovery signs, both the Texas and Lubbock markets continue to steadily increase at above average rates.January numbers for both existing home sales and new residential construction indicate the local growth trend will continue well into 2013. Months inventory is 4.4 months, a 35.3 percent decrease from 6.8 months a year ago.There are about 1,074 single-family homes available in Lubbock County, a 22.2 percent decrease from January read more |
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 |
June Existing-Home Prices Rise AgainPosted: July 25, 2012 at 10:23 PM by Deron Tucker WASHINGTON (July 19, 2012) - Existing-home prices continued to show gains but sales fell in June with tight supplies of affordable homes limiting first-time buyers, according to the National Association of Realtors®.Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, declined 5.4 percent to a seasonally adjusted annual rate of 4.37 million in June from an upwardly revised 4.62 million in May, but are 4. 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 |
Jim Gillespie Named One of 10 Most Admired CEOsPosted: March 22, 2012 at 10:04 PM by Deron Tucker Parsippany, N.J. (March 20, 2012) – A recent survey from online career community CareerBliss identifies Coldwell Banker Real Estate Chief Executive Officer, Jim Gillespie, as one of the 10 most admired CEOs across 3,400 companies. Gillespie was chosen from an analysis of more than 10,000 respondents who graded vision and leadership.Gillespie was the only representative from the real estate industry on the top 10 list. He was joined in the top 10 list by CEOs from companies suc read more |
