As the Houston Business Journal points out in this article, the Houston housing market is coming off a relatively hot summer for housing. 31 consecutive months of increasing sales! That’s a moving and shaking market. With median housing value of $152,000, Houston’s median value is 34.3% less than the national median of $231,200 Technorati Tags:… Continue Reading
Well, leave it to the Feds to finally jump on board with reality. This blog has been saying that we are in a slowing market since its inception. I’ve even published stats to show what is happening in the market! The Office of Federal Housing Enterprise Oversight (OFHEO), published their most recent quarterly data (.pdf). … Continue Reading
Dear Seller, I empathize with you. I really do. You bought your current residence with the prospect of making a pretty penny when you went to sell your home. Now, the market is slowing. Oddly, average sales prices are not nose diving as expected, but the days on the market is going through the roof. … Continue Reading
This is an interesting market in Southeastern Michigan. We are seeing a decrease in the number of closings and the volume of closings, but the average sales price is only down by about 1.5% compared to the same time last year. While that is a decrease in the average sales price, it is not nearly… Continue Reading
The National Association of Home Builders (NAHB) recently held their semiannual spring construction forecast conference in Washington, D.C. As alluded to in the title of the conference, the purpose was to discuss the future of the home building industry. RealEstateJournal.com, an offshoot of The Wall Street Journal, has an article covering the Home Builders’ findings.… Continue Reading
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