Comments on: Houston Housing Inventory Report For March 6th 2009 http://houstonhousingmarket.org/2009/03/houston-housing-inventory-report-for-march-6th-2009/ A Real Estate and Finance Blog Tue, 13 Apr 2010 21:24:02 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: admin http://houstonhousingmarket.org/2009/03/houston-housing-inventory-report-for-march-6th-2009/comment-page-1/#comment-99 admin Sat, 14 Mar 2009 23:58:14 +0000 http://houstonhousingmarket.org/?p=314#comment-99 @MattH: An active listing is the term members of the real estate industry use for homes that are currently listed for sale. Comparing the current number of active listings to the number that sold last year would be comparing apples to oranges. If you want to make a comparison of active listing data you would need to compare the number of active listings at this time last year to the number this year. I can add that comparison to the reports or maybe post it elsewhere and link out to it but I also want to keep these artilcles as short as possible so that people read them. lol It is possible to differentiate between new and existing home sales but it would take longer to process and so then would be difficult to release in real time. If you and other readers here would find it useful I could do another monthly report that seperated the data in this manner, but it would likely be two months behind or more. When looking at the single family market it is nearly impossible to put together an accurate number for the homeowner and rental vacancy rates. This is because each unit is owned by an individual and individuals rarely record vacancy rates let alone disclose them. Multifamily vacancy rates are however easy to obtain if you would like to see this form of a report. One more thing to note when it comes to vacancy rate is that numbers you will read on the single family vacancy rate today in most markets is meaningless since there has not been a detailed record kept over time to compare to. I am working on gaining access to a script that will allow me to present numbers for zip codes and even neighborhoods in an automated format. I will be adding this feature to the blog when I have the funds available to perfect it. Just like most anyone else in this market place my disposable income has decreased and so it becomes an issue of putting together funding. I do however have plans of allocating funds to it once I get my home search application up and running correctly. @MattH: An active listing is the term members of the real estate industry use for homes that are currently listed for sale. Comparing the current number of active listings to the number that sold last year would be comparing apples to oranges. If you want to make a comparison of active listing data you would need to compare the number of active listings at this time last year to the number this year. I can add that comparison to the reports or maybe post it elsewhere and link out to it but I also want to keep these artilcles as short as possible so that people read them. lol

It is possible to differentiate between new and existing home sales but it would take longer to process and so then would be difficult to release in real time. If you and other readers here would find it useful I could do another monthly report that seperated the data in this manner, but it would likely be two months behind or more.

When looking at the single family market it is nearly impossible to put together an accurate number for the homeowner and rental vacancy rates. This is because each unit is owned by an individual and individuals rarely record vacancy rates let alone disclose them. Multifamily vacancy rates are however easy to obtain if you would like to see this form of a report. One more thing to note when it comes to vacancy rate is that numbers you will read on the single family vacancy rate today in most markets is meaningless since there has not been a detailed record kept over time to compare to.

I am working on gaining access to a script that will allow me to present numbers for zip codes and even neighborhoods in an automated format. I will be adding this feature to the blog when I have the funds available to perfect it. Just like most anyone else in this market place my disposable income has decreased and so it becomes an issue of putting together funding. I do however have plans of allocating funds to it once I get my home search application up and running correctly.

]]> By: MattH http://houstonhousingmarket.org/2009/03/houston-housing-inventory-report-for-march-6th-2009/comment-page-1/#comment-92 MattH Sat, 07 Mar 2009 01:01:44 +0000 http://houstonhousingmarket.org/?p=314#comment-92 Thanks for the great post! Stupid question: What is meant by an "active" listing? How do I compare this with the previous years "Number Sold"? Is it possible to differentiate between new and existing homes? Is the data available to calculate homeowner and rental vacancy rates? Also, it would be great to see inventory by zip code. Interesting link: http://www.calculatedriskblog.com/2008/02/inventory-inventory-inventory.html Thanks for the great post!

Stupid question: What is meant by an “active” listing? How do I compare this with the previous years “Number Sold”?

Is it possible to differentiate between new and existing homes? Is the data available to calculate homeowner and rental vacancy rates?

Also, it would be great to see inventory by zip code.

Interesting link: http://www.calculatedriskblog.com/2008/02/inventory-inventory-inventory.html

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