Sales of existing single-family homes in North Texas rose in September, marking the 15th consecutive month of year-over-year sales increases.
Just over 6,100 homes were sold last month, a 10 percent gain over September 2011, according to the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems.
Area home sales for the first nine months of 2012 are 15 percent higher than the same period last year.
Median home sales prices were also up 10 percent from a year ago to $162,000.
Meanwhile, the number of area homes listed for sale dropped 17 percent from a year ago.
Tuesday, October 9, 2012
Tuesday, September 25, 2012
TEXAS' PRIVATE SECTOR GROWING FASTER THAN NATION'S
COLLEGE STATION (Real Estate Center) – Texas’ economy continues to grow at a rate higher than the nation’s.
According to the Center's latest Monthly Review of the Texas Economy, the state gained 261,000 nonagricultural jobs from August 2011 to August 2012, an annual growth rate of 2.5 percent compared with 1.4 percent for the United States. The state’s private sector added 270,900 jobs, an annual growth rate of 3.1 percent compared with 1.8 percent for the nation’s private sector.
Texas’ seasonally adjusted unemployment rate fell to 7.1 percent in August 2012 from 8.1 percent in August 2011. The nation’s rate decreased from 9.1 to 8.2 percent.
All Texas industries except the information industry had more jobs in August 2012 than in August 2011, but the state’s government sector continues to lose jobs.
The mining and logging industry ranked first in job creation, followed by the construction industry, the leisure and hospitality industry, and the transportation, warehousing and utilities industry.
All Texas metro areas except McAllen-Edinburg-Mission, Wichita Falls, College Station-Bryan and Brownsville-Harlingen had more jobs in August 2012 than in August 2011. Odessa ranked first in job creation followed by Texarkana, Laredo, Houston-Sugar Land-Baytown and Midland.
The state’s actual unemployment rate in August 2012 was 7 percent. Midland had the lowest unemployment rate followed by Odessa, Amarillo, San Angelo and Abilene.
According to the Center's latest Monthly Review of the Texas Economy, the state gained 261,000 nonagricultural jobs from August 2011 to August 2012, an annual growth rate of 2.5 percent compared with 1.4 percent for the United States. The state’s private sector added 270,900 jobs, an annual growth rate of 3.1 percent compared with 1.8 percent for the nation’s private sector.
Texas’ seasonally adjusted unemployment rate fell to 7.1 percent in August 2012 from 8.1 percent in August 2011. The nation’s rate decreased from 9.1 to 8.2 percent.
All Texas industries except the information industry had more jobs in August 2012 than in August 2011, but the state’s government sector continues to lose jobs.
The mining and logging industry ranked first in job creation, followed by the construction industry, the leisure and hospitality industry, and the transportation, warehousing and utilities industry.
All Texas metro areas except McAllen-Edinburg-Mission, Wichita Falls, College Station-Bryan and Brownsville-Harlingen had more jobs in August 2012 than in August 2011. Odessa ranked first in job creation followed by Texarkana, Laredo, Houston-Sugar Land-Baytown and Midland.
The state’s actual unemployment rate in August 2012 was 7 percent. Midland had the lowest unemployment rate followed by Odessa, Amarillo, San Angelo and Abilene.
Monday, September 17, 2012
Don't Miss This Oppertunity
Today's home buyers seem to be inthe right place at the right time, as our already super low mortgageratesmay go even lower. The impetus for this comes from the Fed's announcementlast Thursday that they will purchase $40 billion a month of mortgagebacked securities guaranteed by Fannie Mae and Freddie Mac. This is tokeep downward pressure on interest rates to help boost the housingrecovery. One observer expects to see "the lowest 30-year ratesever." Smart buyers will no doubt do something about that.
Economists say the housing market bottomed out this summer and they expect improvement in 2013.Even though Consumer Confidence in August dipped to its lowest level since late 2011, Fannie Mae reported that 73% of Americans who were polled think it'sa good time to buy a home.Harvard University's recent "State of the Nation's Housing" report sees"definitive signs of a turnaround." The situation has improved for sellers too,as lower inventories of homes for sale are making price cuts lesscommon and homes sell for near asking prices.
Economists say the housing market bottomed out this summer and they expect improvement in 2013.Even though Consumer Confidence in August dipped to its lowest level since late 2011, Fannie Mae reported that 73% of Americans who were polled think it'sa good time to buy a home.Harvard University's recent "State of the Nation's Housing" report sees"definitive signs of a turnaround." The situation has improved for sellers too,as lower inventories of homes for sale are making price cuts lesscommon and homes sell for near asking prices.
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