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Houston Posts Big Gain in Home Sales in March
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FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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Houston Posts Big Gain in Home Sales in March
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Houston Posts Big Gain in Home Sales in March

May 1, 2012 (Shirley Allen)

Monthly property sales in Houston jumped by almost 30 percent from February to March leaving property inventories seventeen percent lower than a year ago according to the latest data from the Houston Association of Realtors® (HAR).

March sales for all property types totaled an estimated 5,908 in Houston. That was 29.5 percent higher than the 4,561 properties sold in February and 7.4 percent higher than the 5,499 properties sold in March 2011.

Existing single-family homes accounted for 4,996 of the total sales in March. That was 30.4 percent higher than the 3,832 homes sold in February and 7.8 percent higher than the 4,634 homes sold in March 2011.

The median sales price for an existing single-family home in Houston increased 7.9 percent to $161,750 from $149,900 in February and was 7.8 percent higher than the median price of $150,000 in March of 2011.

There was a 5.6 months supply of single-family homes available for sale in Houston, unchanged from February but down from a 7.5 months supply in March of last year.

Wayne A. Stroman, chairman of HAR, stated, “March was an excellent month for home sales in Houston and the healthy appreciation in pricing is welcome news as well. Inventory remains at its lowest level in more than three years and is outpacing the national real estate market. The moderation in pending sales in March could possibly translate to a leveling off of sales before we enter the summer buying season, but we will know for sure next month.”

Condominium sales accounted for 374 of the total sales in March, up 17.2 percent from the 319 sales in February but were 3.6 percent lower than the 388 units sold in March of 2011.

The median sales price for a condo in March was $135,000, which was 10.7 percent higher than the $122,000 median sales price in February and 17.4 percent higher than in March of last year.

The number of properties available for sale in the Houston area decreased slightly from 42,206 in February to 41,997 in March, but was still at their lowest level since December of 2008. A year ago there were 51,091 properties available for sale, 21.1 percent higher than last month.

Tags: existing homes, condos, sales, median home prices, Houston

Source:
Houston Association of Realtors (HAR)

INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

May 1, 2012 (Shirley Allen)

Monthly property sales in Houston jumped by almost 30 percent from February to March leaving property inventories seventeen percent lower than a year ago according to the latest data from the Houston Association of Realtors® (HAR).

March sales for all property types totaled an estimated 5,908 in Houston. That was 29.5 percent higher than the 4,561 properties sold in February and 7.4 percent higher than the 5,499 properties sold in March 2011.

Existing single-family homes accounted for 4,996 of the total sales in March. That was 30.4 percent higher than the 3,832 homes sold in February and 7.8 percent higher than the 4,634 homes sold in March 2011.

The median sales price for an existing single-family home in Houston increased 7.9 percent to $161,750 from $149,900 in February and was 7.8 percent higher than the median price of $150,000 in March of 2011.

There was a 5.6 months supply of single-family homes available for sale in Houston, unchanged from February but down from a 7.5 months supply in March of last year.

Wayne A. Stroman, chairman of HAR, stated, “March was an excellent month for home sales in Houston and the healthy appreciation in pricing is welcome news as well. Inventory remains at its lowest level in more than three years and is outpacing the national real estate market. The moderation in pending sales in March could possibly translate to a leveling off of sales before we enter the summer buying season, but we will know for sure next month.”

Condominium sales accounted for 374 of the total sales in March, up 17.2 percent from the 319 sales in February but were 3.6 percent lower than the 388 units sold in March of 2011.

The median sales price for a condo in March was $135,000, which was 10.7 percent higher than the $122,000 median sales price in February and 17.4 percent higher than in March of last year.

The number of properties available for sale in the Houston area decreased slightly from 42,206 in February to 41,997 in March, but was still at their lowest level since December of 2008. A year ago there were 51,091 properties available for sale, 21.1 percent higher than last month.

Tags: existing homes, condos, sales, median home prices, Houston

Source:
Houston Association of Realtors (HAR)

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

May 1, 2012 (Shirley Allen)

Monthly property sales in Houston jumped by almost 30 percent from February to March leaving property inventories seventeen percent lower than a year ago according to the latest data from the Houston Association of Realtors® (HAR).

March sales for all property types totaled an estimated 5,908 in Houston. That was 29.5 percent higher than the 4,561 properties sold in February and 7.4 percent higher than the 5,499 properties sold in March 2011.

Existing single-family homes accounted for 4,996 of the total sales in March. That was 30.4 percent higher than the 3,832 homes sold in February and 7.8 percent higher than the 4,634 homes sold in March 2011.

The median sales price for an existing single-family home in Houston increased 7.9 percent to $161,750 from $149,900 in February and was 7.8 percent higher than the median price of $150,000 in March of 2011.

There was a 5.6 months supply of single-family homes available for sale in Houston, unchanged from February but down from a 7.5 months supply in March of last year.

Wayne A. Stroman, chairman of HAR, stated, “March was an excellent month for home sales in Houston and the healthy appreciation in pricing is welcome news as well. Inventory remains at its lowest level in more than three years and is outpacing the national real estate market. The moderation in pending sales in March could possibly translate to a leveling off of sales before we enter the summer buying season, but we will know for sure next month.”

Condominium sales accounted for 374 of the total sales in March, up 17.2 percent from the 319 sales in February but were 3.6 percent lower than the 388 units sold in March of 2011.

The median sales price for a condo in March was $135,000, which was 10.7 percent higher than the $122,000 median sales price in February and 17.4 percent higher than in March of last year.

The number of properties available for sale in the Houston area decreased slightly from 42,206 in February to 41,997 in March, but was still at their lowest level since December of 2008. A year ago there were 51,091 properties available for sale, 21.1 percent higher than last month.

Tags: existing homes, condos, sales, median home prices, Houston

Source:
Houston Association of Realtors (HAR)

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?
DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?
WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
CALCULATE YOUR MORTGAGE PAYMENT
BENEFITS OF REFINANCING YOUR MORTGAGE
ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

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