Stewart HTEN top
Christi Borden
Prudential GARY GREENE, REALTORS
832-368-5953
  
23922 Cinco Village Center, Suite 123, Katy, TX 77494     Phone: 281-646-1136    Fax: (281) 646-1841   RE License #: 0517398
MAY 2009 Newsletter
 
Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, housing market video reports, blogs, real estate glossary, maps, mortgage rates and calculators, consumer articles, and information on 50,000 neighborhoods.
Daily Real Estate Market Outlook
Economists' Commentaries provide an in-depth look at trends and current news related to housing and the real estate market.   Click here
What’s New
National Real Estate Market
March Existing-Home Sales Ease but First-Time Buyers Rise
WASHINGTON, April 23, 2009 Existing-home sales eased in March but first-time buyers are responding to low mortgage interest rates and tax credits, according to the National Association of Realtors®. More...
Houston Named Ambassador City for Increasing Affordable Housing, Revitalizing the Community
WASHINGTON, April 21, 2009 The National Association of Realtors® and the U.S. Conference of Mayors have named Houston a 2009 Ambassador City for its Houston HOPE Homes program, an initiative to reinvest in some of Houston’s historic neighborhoods with housing development and infrastructure improvements. More...
Pending Home Sales Rise, Housing Affordability Near Record
Washington, May 04, 2009 Pending home sales rose with many first-time buyers taking advantage of historically good housing affordability conditions, according to the National Association of Realtors®. More...
National Real Estate Market Articles    Source:NATIONAL ASSOCIATION OF REALTORS®.
This Month’s
Consumer Articles
Eco-Friendly...and Frugal
Homebuilders are boosting sales by attracting cost-conscious consumers seeking to save money. With a drop in home prices, environmentally friendly building materials and energy-saving features, Green Homes are more attractive to buyers than ever. More...
Outdoor Staging also Important for Home Sellers
How homebuyers view your home before they even step in the front door is just as important as staging the interior. Read some low-budget tips that – combined with some elbow grease – will add up for positive results for your home sale. More...
Price Reduced $10 Million
It’s not just regular folks: movie stars and other high-profile homebuyers are driving tough deals in this tough housing market, too. Consider one couple who have benefited from some “bargain-basement” home prices: Ben Affleck and Jennifer Garner. More...
Punta del Este Beach Resort Trophy Penthouse
Tiny Uruguay is one of the richest countries in South America and home to the six-story, 34-unit Edificio Acqua project. Designed by renowned architect Rafael Vinoly, an 18,500-square-foot penthouse unit recently sold for $7.3 million. View SlideShow
Homebuyers Can Expect to See Gains
Both investors and new homebuyers are finding great deals, mostly with foreclosures. However, a University of Southern California economist says big returns are a thing of the past. View Video...
Sizable Homebuyers Tax Credit Expires in Fall
Mortgage rates are at 50-year lows. Home prices have dropped in many markets. Potential homebuyers with stable employment who are still on the fence, beware: the $8,000 tax credit expires on Nov. 30. View Video...
It's Not the Housing Market, It's Lives
I watched a very special movie last night called Marley and Me. I can only describe it as a journey of a couple’s life that was joined together with the addition of "Marley” the Dog. The story was peppered with plenty of important symbols of one family's journey played out through children, spouses, careers, choices and their three homes. More...

National
Housing Indicators
Existing Home Sales
(March)
4.57 millions units*
Existing Home Median Price
(March)
$175,200
Housing Starts
(March)
510,000 units*
New Home Sales
(March)
356,000 units*

*seasonally adjusted annual rate
Source NATIONAL ASSOCIATION OF REALTORS®.



National
Economic Indicators
Homeownership Rate
1st Qtr 09 1st Qtr 08
67.3% 67.8%

The homeownership rate (67.3 percent) for the current quarter was lower than the rate in first quarter 2008 (67.8 percent), but not statistically different from the rate in fourth quarter 2008 (67.5 percent).
New Home Sales
Mar 09 Feb 09
 
 
 
-0.6% + 8.2%

Sales of new one-family houses in March 2009 were at a seasonally adjusted annual rate of 356,000. This is 0.6% below the revised February 2009 estimate of 358,000.
Source U.S. CENSUS BUREAU

Real Estate Sales Statistics
March 2009 Existing Home Statistics
Source: NATIONAL ASSOCIATION OF REALTORS®.

Metropolitan Prices & State Sales
 View Prices / % Changes for 159 Cities & Metropolitan Areas
    State Home Sales |  Total Sales of Single-family and Condo/Co-ops
    Housing Affordability Index |  Click Here to view details
  Mouse over the map to view
Regional Definitions
   
   
National Home Sales
  Homes
4,570,000 		Single Family
4,100,000 		Condo/Co-op
470,000
vs. last month:  -3.0%  -2.8%  -4.1%
vs. last year:  -7.1%  -5.7%  -17.8%
Click Here to view details

National Sales Price of Homes
  Homes
$175,200		 Single Family
$174,900		 Condo/Co-op
$177,600
vs. last year:  -12.4%  -11.5%  -18.7%
Click Here to view details


Regional Home Sales
  U.S.
4,570,000 		Northeast
690,000 		Midwest
1,040,000 		South
1,710,000 		West
1,130,000
vs. last month:  -3.0%  -8.0%  0.0%  -1.7%  -4.2%
vs. last year:  -7.1%  -22.5%  -11.1%  -10.9%  18.9%
Click Here to view details

Regional Sales Price of Homes
  U.S.
$175,200		 Northeast
$231,700		 Midwest
$141,300		 South
$146,900		 West
$252,400
vs. last year:  -12.4%  -18.4%  -6.1%  -12.2%  -11.1%
Click Here to view details

Regional Single Family Home Sales
  U.S.
4,100,000 		Northeast
520,000 		Midwest
970,000 		South
1,570,000 		West
1,040,000
vs. last month:  -2.8%  -7.1%  0.0%  -1.9%  -4.6%
vs. last year:  -5.7%  -21.2%  -7.6%  -11.3%  19.5%
Click Here to view details

Regional Sales Price of Single-Family Homes
  U.S.
$174,900		 Northeast
$233,900		 Midwest
$139,800		 South
$148,500		 West
$257,900
vs. last year:  -11.5%  -19.6%  -3.7%  -11.2%  -11.3%
Click Here to view details

Regional Condo/Co-Op Sales
  U.S.
470,000 		Northeast
170,000 		Midwest
70,000 		South
140,000 		West
90,000
vs. last month:  -4.1%  -10.5%  0.0%  0.0%  0.0%
vs. last year:  -17.8%  -26.7%  -40.2%  -4.8%  18.4%
Click Here to view details

Regional Sales Price of Condo/Co-ops
  U.S.
$177,600		 Northeast
$225,100		 Midwest
$162,400		 South
$129,500		 West
$188,900
vs. last year:  -18.7%  -14.0%  -19.5%  -24.7%  -15.1%
Click Here to view details

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