Kenya Burrell, Realtor

Burrell Holtzapple Neal Properties

2428 Brentwood
Houston, TX 77019


Cell: 281-444-7800   
Phone: 281-444-7800 
Fax: 713-490-9035

Housing Trends

August 2013

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National market update

Existing-Home Sales Spike in July

WASHINGTON (August 21, 2013) – Existing-home sales rose strongly in July, with the median price maintaining double-digit year-over-year increases, according to the National Association of Realtors® Read more

Home Prices Pick Up Steam in Most Metro Areas during Second Quarter

WASHINGTON (August 8, 2013) – Median home prices continued to rise in the majority of metropolitan areas in the second quarter, with the national year-over-year price showing the strongest gain in seven-and-a-half years, according to the latest quarterly report by the National Association of Realtors®. Read more

National housing indicators

Existing home sales ()

5.39 million units*

Existing home median price ()

$213,500

Housing Starts ()

896,000 units*

New home sales ()

394,000 units*

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

National economic indicators

Home ownership

2nd Qtr 13

65.0%

2nd Qtr 12

65.5%

The homeownership rate in the second quarter 2013 (65.0 percent) was lower than the second quarter 2012 rate (65.5 percent). The homeownership rate in the South was lower than the corresponding second quarter 2012 rate, while the rates in the Northeast, Midwest, and West were not statistically different from the rates a year ago.

New home sales

July 2013

-14.1%

August 2013

+7.9%

Sales of new single-family houses in August 2013 were at a seasonally adjusted annual rate of 421,000. This is 7.9 percent (+/- 14.6%)* above the revised July 2013 estimate of 390,000.

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.

Kenya Burrell. Realtor

HOUSTON — (February 15, 2011) — Houston's housing market heated up in January, recording the first increase in property sales since 6/10. Pricing increased in the first month of the new year, with the average price of single-family homes reaching the highest level ever for a January in Houston. Link-http://www.har.com/mls/dispPressRelease.com Read more

The debate continues for phasing out the mortgage home interest deduction, which allows taxpayers to subtract the interest they pay on their homes mortgages from their income. As a result, this provides a tax break to homeowners who are able to take this deduction. The link below provides more details about this tax break at risk. Read more

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Existing Home Statistics

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