Texas Housing Market

Texas Home Building Markets Very Heathly

Posted by themattesongroup on Apr 8, 2011 in Buyers, Community, Dallas Metroplex Housing Market, Economy, Housing Market Update, Real Estate, Sellers, Texas Housing Market | 0 comments

Texas housing markets are among the healthiest for home building, according to Hanley Wood Market Intelligence.

The firm’s Builder Market Health Index gives many Texas MSAs a market health indicator well above 50 out of 100 (50 being the minimum to be considered healthy).

Austin-Round Rock had a score of 86.5, second only to Raleigh-Cary, NC, which had 86.9.
Houston-Sugar Land-Baytown scored a 77.3, San Antonio a 75.6, Dallas-Fort Worth-Arlington a 70.7 and El Paso a 65.8. Killeen-Temple-Fort Hood and McAllen-Edinburg-Mission each scored 54.5.

According to Hanley Wood, the index weighs housing conditions in the 100 largest home building markets based on the 2011 outlook for six key variables most associated with strong home sales. Those include unemployement rate, change in unemployment numbers, home price appreciation, household growth, job growth and median income growth.

Source: Hanley Wood

Texas Existing Home Sale Prices UP, Number of Sales Drop in February 2011

Posted by themattesongroup on Mar 29, 2011 in Buyer Alert!, Buyers, Dallas Metroplex Housing Market, Housing Market Update, Real Estate, Rockwall/Heath Housing Market, Seller Alert!, Sellers, Texas Housing Market | 0 comments

Just over 12,000 existing single-family homes were sold in Texas last month, a 10 percent drop from February 2010. That’s according to the most recent Multiple Listing Services (MLS) data compiled by the Real Estate Center at Texas A&M University.

The median home price in Texas was up 3 percent from February 2010, at $145,800. There was a 7.2-month inventory.

February 2011 MLS data for many Texas cities (current as of today) are available on the Center’s website. Here is a sampling:

Source: Real Estate Center

Texas home sales and median prices are up

Posted by themattesongroup on Feb 25, 2011 in Buyer Alert!, Buyers, Dallas Metroplex Housing Market, Economy, Housing Market Update, Real Estate, Seller Alert!, Sellers, Texas Housing Market | 0 comments

Some 10,628 existing single-family homes were sold in Texas last month, according to the most recent Multiple Listing Services (MLS) data compiled by the Real Estate Center at Texas A&M University. That’s a 2 percent increase over a year ago.

The median price was also up 2 percent from January 2010, at $139,100. There was a 7.3-month inventory.

In the Dallas Metroplext number of home sales were down 8%, BUT the median price was up 7%!  Also, the DFW Metroplex is still hanging in the balance between a Buyer’s and Seller’s Market with 6.4 months of inventory.

January 2011 MLS data for many Texas cities (current as of today) are available on the Center’s website. Here is a sampling:

Source: Real Estate Center

DFW’s 2010 Home Price Trends Turn Positive

Posted by themattesongroup on Feb 1, 2011 in Buyers, Dallas Metroplex Housing Market, Housing Market Update, Real Estate, Rockwall/Heath Housing Market, Sellers, Texas Housing Market | 0 comments

Home prices increased in the Dallas metropolitan market in 2010, even the prices of distressed homes, according to recent Real Estate Center research.
Center researchers found that homes sold by “typical” or “nondistressed” owners in 2010 were 1.2 percent higher, on a per-square-foot basis, than in 2009. The research also revealed that homes sold by “distressed” owners increased by 2.51 percent in 2010.

As part of a major research effort, the Center combed through more than 500,000 sales records from 2003 to 2010 (51,593 in 2009 and 46,315 in 2010) in the North Texas Real Estate Information System (NTREIS) database to get a more precise view of what has been happening to “typical” and “distressed” home prices in the Dallas-Fort Worth-Arlington Metropolitan Statistical Area (MSA).

The data included all distressed sales reported by NTREIS between $50,000 and $1 million during the eight-year period and all nondistressed sales between $75,000 and $1 million. Distressed sales ranged from a low of 5.7 percent of all sales in 2003 to 16.3 percent of all sales in 2010. In general, a non-distressed sale was sold by an individual and a distressed sale was sold by a financial institution or intermediary.

For more on the researchers’ findings, read the Center’s online news release.

Source: Real Estate Center

December 2010 – Texas Home Sales Down, Prices Up

Posted by themattesongroup on Jan 28, 2011 in Buyers, Dallas Metroplex Housing Market, Housing Market Update, Real Estate, Rockwall/Heath Housing Market, Sellers, Texas Housing Market | 0 comments

Just over 15,740 existing homes were sold in Texas last month, according to newly released data from Texas Multiple Listing Services (MLS). That’s a 3 percent drop from December 2009.

Meanwhile, the median price for an existing home increased by 4 percent last month to $150,500, and there was a 7.2-month inventory.

December 2010 MLS data for many Texas cities (current as of Jan. 27, 2011) are available on the Real Estate Center website. Here is a sampling:
 

 Source: Real Estate Center

Texas Leads Nation as Magnet State

Posted by themattesongroup on Jan 5, 2011 in Buyers, Housing Market Update, Real Estate, Sellers, Texas Housing Market | 0 comments

For the sixth year in a row, Texas leads the nation as the number one magnet state, reports Allied Van Lines.

Texas had the highest net relocation gain (inbound moves performed by Allied minus outbound moves).

The moving company’s report showed a net gain of 1,640, which is lower than last year’s performance but far outpaced all other states.

Allied attributes the states “magnetism” to its diverse, strong economy.

Source: Allied Van Lines