Ronnie Matthews

RE/MAX Legends

5910 FM 2920, Suite A
Spring, TX 77388


Cell: 281-440-7900   
Phone: (281) 440-7900 
Fax: 832-381-3195

Housing Trends

November 2008

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National market update

Existing-Home Sales Rise on Improved Affordability

Existing-home sales increased last month as buyers responded to improved housing affordability conditions, according to the National Association of Realtors®. More...
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Pending Home Sales Up Strongly

WASHINGTON, October 08, 2008

Pending home sales activity surged as buyers took advantage of low home prices and affordable interest rates, according to the National Association of Realtors®.

Lawrence Yun, NAR chief economist, said home buyers were responding to improved affordability. "What we’re seeing is the momentum of people taking advantage of low home prices, with pending home sales up strongly in California, Nevada, Arizona, Florida, Rhode Island and the Washington, D.C., region,” he said. "It’s unclear how much contract activity may be impacted by the credit disruptions on Wall Street, but we’re hopeful most of the increase will translate into closed existing-home sales.” More...
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National housing indicators

Existing home sales ()

5.18 million units*

Existing home median price ()

$191,600

Housing Starts ()

817,000 units*

New home sales ()

464,000 units*

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

National economic indicators

Home ownership

3nd Qtr 08

67.9%

3nd Qtr 07

68.2%

New home sales

Sept 08

+2.7%

August 08

-12.6%

Source: U.S. CENSUS BUREAU

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Regional market updates

View market statistics for your region.

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.

Ronnie Matthews

Home Ownership matters…to people, to communities, and to America. Why? • For every two homes sold, one job is created in the U.S. • Each purchase generates as much as $60,000 in economic activity over time. Read more

Buying is now cheaper than renting in 74 percent of the nation’s largest cities. Low home prices and “rock-bottom” interest rates as well as tax advantages of homeownership are the reasons why it’s now cheaper to BUY a 2-bdrm home than to rent one. Check out this CNN Money article with the details. 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.

Consumer tips & hot properties

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What Makes a Good Offer?

You found a home you’d like to buy. Now how do you put together an offer the owners will accept?

Start with a number

Obviously, the amount you initially write into the contract has much to do with whether the seller looks favorably on your offer. How do you come up with that figure? There are several factors to consider. More...
Read more

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When Will Home Prices Bottomed Out?

When will home prices hit bottom? As early as the middle of next year, according to the semiannual forecast conference for the National Association of Home Builders. Learn the details in this Wall Street Journal story. More... Read more

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Resort Lifestyle Living is still Hot

Where are the Hot markets? Hilton Head, South Carolina, REALTORS explain why their marketplace is different. Watch Video...
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Wall Street Journal's House of the Week - The Bridge House

An architecturally significant home spanning a river in New Canaan, Conn., can be yours for a mere $5 million. View a slideshow of the 4,400-square-foot home designed by “Harvard Five” architect John Johansen and listed by William Pitt Sotheby’s International Realty. View Slide Show...

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Existing Home Statistics

View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.