Vicki Fullerton

RE/MAX The Woodlands & Spring - Research Forest

2520 Research Forest #140
The Woodlands, TX 77381


Cell: 281-703-3748   
Phone: (281) 367-7770 (1310)
Fax: (281) 363-5817

Housing Trends

May 2017

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National market update

Existing-Home Sales Jumped 4.4% in March

WASHINGTON (April 21, 2017) — Existing-home sales took off in March to their highest pace in over 10 years, and severe supply shortages resulted in the typical home coming off the market significantly faster than in February and a year ago, according to the National Association of Realtors®. Only the West saw a decline in sales activity in March.



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First-Time Home Buyers by the Numbers: Are Your Habits Normal or Not?

If the plans of home shoppers on realtor.com® bear fruit, 52% will be buying their first home in 2017—a huge shift upward from a mere 33% in 2016. Could you be one of them this year, finally settling into a place that's all yours?



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National housing indicators

Existing home sales (March)

5.71 millions units*

Existing home median price (March)

$236,400

Housing Starts (March)

1.215 millions units*

New home sales (February)

0.592 millions units*

*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.

National economic indicators

Home ownership

1st Quarter 2017

63.5%

1st Quarter 2016

63.6%

The homeownership rate of 63.6 percent was not statistically different from the rate in the first quarter 2016 (63.5 percent) or the rate in the fourth quarter 2016 (63.7 percent).

New home sales

Feb 2017

+6.1%

March 2017

+5.8%

Sales of new single-family houses in March 2017 were at a seasonally adjusted annual rate of 621,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.8 percent (±15.5 percent)* above the revised February rate of 587,000 and is 15.6 percent (±15.0 percent) above the March 2016 estimate of 537,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

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Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.

Vicki Fullerton

Young Professionals in Texas Cities among Nation's Happiest According to a survey conducted by Careerbliss.com, four of the 20 cities with the nation’s most content young professionals are in Texas. San Antonio topped the list at No. 10, followed by Irving at No. 13, Plano at No. 18, and Houston at No. 20. Learn more at TexasRealEstate.com. Read more

Inventory shortage has become more prevalent & more pronounced. The data at the national level clearly shows fewer listings. The decline in inventory has been particularly sharp in the following markets based on large broker reports from those areas: Phoenix, Las Vegas, San Jose, Cape Coral, downtown Seattle, and even the suburbs of Detroit. Read more

Texas to help fuel national growth. Texas will contribute significantly to the expansion of the U.S. economy in the coming year. The state is forecast to have the third-highest gross domestic product growth this year & is expected to regain jobs lost from the pre-recession peak by the first quarter. Read more at San Antonio Express-News. Read more

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Existing Home Statistics

View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.