I was recently interviewed for an article written about the shape of the Houston real estate market. The article was written by Zachary Fox from SNL financial a major national real estate research firm. SNL financial usually only makes these articles available to subscribing members of their online research product. Since I was quoted and [...]
Now that we are in the middle of the peak selling season, I believe it to be reasonable to judge the trend in Houston housing inventory. We have returned to an aggressive expansion in inventory in the $700,000 and above market. As the number of sales continue to decline and new listings continue to come [...]
May saw a rebound in the average and median home sale prices, but sales continue to be off from last year by greater than 20%. The Houston real estate market sees inventory levels for the period staying steady as we move further into the selling season which suggests that housing inventory for the majority of [...]
This months report from HAR looks similar to that of last month with very little to say except the luxury market inventory continues to expand and the total sales in the luxury market continued to decline. Most of the drop seen in the median and average home sale prices can be explained by fewer properties [...]
The overall Houston housing inventory as of May 8th, 2009, came in at 6.2 months. This shows no change from the 6.2 months of inventory posted in April. Inventory for the lower price ranges declined, while inventory levels for the luxury market continued to expand. In fact, we saw another major jump in the inventory [...]
Following my reading of the Houston real estate market report for April I was left once again a bit disappointed with the depth in which they covered the statistics. Once again HAR tried to blame the drop in the median and average home sale prices for the Houston real estate market on the number of [...]
The overall Houston housing market inventory is up to 6.2 months from 6.0 months, which may be partially because of the seasonal uptick seen in inventory levels just before the market moves into the selling season. However, I feel that the increase is more correlated to continued acceleration in the Houston housing inventory for the [...]
Yesterday, the HAR (Houston Association of Realtors) complete Houston housing market report was released. I have found HAR’s discussion and explanation of the Houston housing numbers for February to be less than adequate. It over-expressed foreclosures’ roles in the recent trend of drops in the median and average home sale prices. Foreclosures have played a [...]
I recently had an article about the healthiest housing markets in the country brought to my attention today by a colleague of mine who works as a corporate lawyer. The article ranked Houston as the most healthy real estate market in the country. If you have been following the inventory reports here on Houston [...]
Overall, inventory for the Houston housing market posted 6.0 months of inventory as of March 6th, 2009, which is slightly up from the 5.8 months seen at the beginning of February. An inventory level of 6.0 months is still considered to be at a neutral point. This means that neither sellers nor buyers have the [...]
