Jay Koetter

Heritage Texas Properties

12919 Hunterfield Dr
Cypress, TX 77429


Cell: (281) 705-6709   
Phone: (281) 705-6709 
Fax: (832) 200-3380

Housing Trends

March 2018

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National market update

Existing-Home Sales Slip 3.2 Percent in January

WASHINGTON (February 21, 2018) — Existing-home sales slumped for the second consecutive month in January and experienced their largest decline on an annual basis in over three years, according to the National Association of Realtors®. All major regions saw monthly and annual sales declines last month.





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TCost-Conscious Buyers Are Flocking to These 10 Affordable, Midsize Cities

A severe housing shortage, sky-high home prices, and equally towering costs of living in the priciest cities are pushing wannabe home buyers to seek out smaller, more affordable metro markets around the nation.





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National housing indicators

Existing home sales (Jan)

5.38 millions units*

Existing home median price (Jan)

$240,500

Housing Starts (Jan)

1.326 millions units*

New home sales (Dec)

0.625*

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

National economic indicators

Home ownership

4th Quarter 2017

64.2%

3rd Quarter 2017

63.9%

The homeownership rate of 64.2 percent was not statistically different from the rates in the fourth quarter 2016 (63.7 percent) or the third quarter 2017 (63.9 percent).

New home sales

December 2017

-9.3.5%

January 2018

-7.8%

Sales of new single-family houses in January 2018 were at a seasonally adjusted annual rate of 593,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.8 percent (±19.0 percent)* below the revised December rate of 643,000 and is 1.0 percent (±16.4 percent)* below the January 2017 estimate of 599,000

Source: U.S. CENSUS BUREAU

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Regional market updates

View market statistics for your region.

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.

Jay Koetter

Home Ownership matters…to people, to communities, and to America. Why? • For every two homes sold, one job is created in the U.S. • Each purchase generates as much as $60,000 in economic activity over time. Read more

Buying is now cheaper than renting in 74 percent of the nation’s largest cities. Low home prices and “rock-bottom” interest rates as well as tax advantages of homeownership are the reasons why it’s now cheaper to BUY a 2-bdrm home than to rent one. Check out this CNN Money article with the details. Read more

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Consumer tips & hot properties

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Rent or Buy? 10 Places Where You'll Get the Most Bang for Your Buck

Does it make financial sense for you to buy a new house now, or continue renting? The X-factor is determined by where you live. So we uncover the best places for each scenario.



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Selling Your Home? Don't Neglect These 6 Maintenance Tasks—or Else

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6 Mortgage Missteps Home Buyers Often Make

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What's Cooking: These Will Be the Year's 7 Hottest Kitchen Design Trends

The kitchen is one of the highest-profile rooms in a home, so it can pay to take a chance, stylistically.



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Existing Home Statistics

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