Angie Angers

Covenant Realty

1411 Kingwood Drive
Kingwood, TX 77339


Cell: 832-512-7297   
Phone: (832) 512-7297 
Fax: 832-415-9544

Housing Trends

December 2015

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National market update

Existing-Home Sales Suffer Setback in November, Fall to Slowest Pace Since April 2014

WASHINGTON (December 22, 2015) — Existing-home sales dropped off considerably in November to the slowest pace in 19 months, but some of the decrease was likely because of an apparent rise in closing timeframes that may have pushed some transactions into December, according to the National Association of Realtors®. All four major regions saw sales declines in November.


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The Hottest U.S. Housing Markets in December 2015

Even if you don’t celebrate Christmas, Hanukkah, Kwanza, or Festivus, the holidays seem to really take over the month of December: With long lines everywhere, office parties, decorations, and random elf sightings, everything else practically grinds to a halt. It’s typically not the best time to find a new job, start a diet, or—especially—buy or sell a home.

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National housing indicators

Existing home sales ()

4.76 millions units*

Existing home median price ()

$220,300

Housing Starts ()

1.173 millions units*

New home sales ()

0.495 millions units*

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

National economic indicators

Home ownership

3rd Qtr 2015

+63.7%

3rd Qtr 2014

+64.4%

The homeownership rate in the third quarter 2015 was 63.7 percent, down 0.7 (+/- 0.4) percentage points from the third quarter 2014 rate of 64.4 percent. The homeownership rate in the Northeast was lower than the rate one year ago, while the rates in the Midwest, South and West were not statistically different from the rates in the third quarter 2014.

New home sales

November 2015

+4.3%

October 2015

+6.3%

Sales of new single-family houses in November 2015 were at a seasonally adjusted annual rate of 490,000. This is 4.3 percent (+/- 11.9%)* above the revised October 2015 estimate of 470,000.

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.

Angela Angers

Here is my monthly update on the Houston and surrounding area market.Please review the press release below for more information. http://www.har.com/content/mls/?m=9&y=16 Read more

Disclaimer: The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of Move,Inc.

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The 5 Real Estate Trends That Will Shape 2016

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Existing Home Statistics

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