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Texas 2Q Home Sales Jump Nearly Fifty Percent
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WE VERIFY & TRANSMIT TO LENDERS
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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.
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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?
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Texas 2Q Home Sales Jump Nearly Fifty Percent
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.
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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.
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Texas 2Q Home Sales Jump Nearly Fifty Percent

August 13, 2012 (Shirley Allen)

Sales of existing single-family homes increased nearly fifty percent in Texas during the second quarter of 2012 compared to the first quarter according to the latest data from the Texas Association of REALTORS® (TAR), while home prices improved by almost ten percent.

An estimated total of 67,334 existing single-family homes were sold in the Lone Star State in the second quarter of 2012. That was 48.0 percent higher than the 45,502 homes sold in the first quarter and 13.0 percent higher than the 58,795 homes sold in the second quarter of 2011.

The median sales price for an existing home in Texas increased by 9.5 percent in the second quarter to $161,100, up from $147,100 in the first quarter, and was 7.5 percent higher than the median price of $150,400 in the second quarter of last year.

Joe Stewart, chairman of the Texas Association of REALTORS®, stated, “The momentum we saw in the first quarter of this year is continuing and we’re seeing that now not only in increased sales volume, but also in a strong increase in the median price. That is good news for Texas homeowners who have been thinking of moving up, but who have remained on the sidelines because they’re concerned about earning full value for their current home.”

The amount of homes available for sale declined to a 5.9 months supply in the second quarter, down from a 6.0 months supply in the first quarter and an 8.1 months supply in the second quarter of 2010.

The Houston area posted the most sales during the quarter with 19,390 single-family home sales, up from 12,912 sales in the first quarter and up from 16,790 sales recorded during the same time period last year. The Dallas area followed with 14,357 homes sold, up from 9,659 the previous quarter.

Out of the 48 areas that provide data for the report, forty-two experienced year-over-year gains in sales with the Corus Christi area posting the highest increase of 24.3 percent while the Sherman-Denison area posted the largest decline of 12.5 percent.

Year-over-year, forty-one of the areas posted an increase in their median prices or were unchanged from the previous year, led by the Lufkin area with a 24.2 percent price increase while the Paris area posted the largest decline in prices of 20.6 percent.

Jim Gaines, Ph.D., an economist with the Real Estate Center at Texas A&M University which analyzes the report for TAR®, said, “One of the most noteworthy aspects of this quarter’s results is the consistency across markets. Occasionally, statewide results can be dominated by trends in Texas’s largest markets due to the large volume of real estate transactions they represent. However, in this case, the increases in both sales volume and median price are seen throughout most of the 48 Texas markets included in the report.”

Tags: Texas real estate, existing homes, condos, sales, median home prices

Source:
Texas Association of REALTORS®

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HOME SELLING TIPS
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August 13, 2012 (Shirley Allen)

Sales of existing single-family homes increased nearly fifty percent in Texas during the second quarter of 2012 compared to the first quarter according to the latest data from the Texas Association of REALTORS® (TAR), while home prices improved by almost ten percent.

An estimated total of 67,334 existing single-family homes were sold in the Lone Star State in the second quarter of 2012. That was 48.0 percent higher than the 45,502 homes sold in the first quarter and 13.0 percent higher than the 58,795 homes sold in the second quarter of 2011.

The median sales price for an existing home in Texas increased by 9.5 percent in the second quarter to $161,100, up from $147,100 in the first quarter, and was 7.5 percent higher than the median price of $150,400 in the second quarter of last year.

Joe Stewart, chairman of the Texas Association of REALTORS®, stated, “The momentum we saw in the first quarter of this year is continuing and we’re seeing that now not only in increased sales volume, but also in a strong increase in the median price. That is good news for Texas homeowners who have been thinking of moving up, but who have remained on the sidelines because they’re concerned about earning full value for their current home.”

The amount of homes available for sale declined to a 5.9 months supply in the second quarter, down from a 6.0 months supply in the first quarter and an 8.1 months supply in the second quarter of 2010.

The Houston area posted the most sales during the quarter with 19,390 single-family home sales, up from 12,912 sales in the first quarter and up from 16,790 sales recorded during the same time period last year. The Dallas area followed with 14,357 homes sold, up from 9,659 the previous quarter.

Out of the 48 areas that provide data for the report, forty-two experienced year-over-year gains in sales with the Corus Christi area posting the highest increase of 24.3 percent while the Sherman-Denison area posted the largest decline of 12.5 percent.

Year-over-year, forty-one of the areas posted an increase in their median prices or were unchanged from the previous year, led by the Lufkin area with a 24.2 percent price increase while the Paris area posted the largest decline in prices of 20.6 percent.

Jim Gaines, Ph.D., an economist with the Real Estate Center at Texas A&M University which analyzes the report for TAR®, said, “One of the most noteworthy aspects of this quarter’s results is the consistency across markets. Occasionally, statewide results can be dominated by trends in Texas’s largest markets due to the large volume of real estate transactions they represent. However, in this case, the increases in both sales volume and median price are seen throughout most of the 48 Texas markets included in the report.”

Tags: Texas real estate, existing homes, condos, sales, median home prices

Source:
Texas Association of REALTORS®

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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

August 13, 2012 (Shirley Allen)

Sales of existing single-family homes increased nearly fifty percent in Texas during the second quarter of 2012 compared to the first quarter according to the latest data from the Texas Association of REALTORS® (TAR), while home prices improved by almost ten percent.

An estimated total of 67,334 existing single-family homes were sold in the Lone Star State in the second quarter of 2012. That was 48.0 percent higher than the 45,502 homes sold in the first quarter and 13.0 percent higher than the 58,795 homes sold in the second quarter of 2011.

The median sales price for an existing home in Texas increased by 9.5 percent in the second quarter to $161,100, up from $147,100 in the first quarter, and was 7.5 percent higher than the median price of $150,400 in the second quarter of last year.

Joe Stewart, chairman of the Texas Association of REALTORS®, stated, “The momentum we saw in the first quarter of this year is continuing and we’re seeing that now not only in increased sales volume, but also in a strong increase in the median price. That is good news for Texas homeowners who have been thinking of moving up, but who have remained on the sidelines because they’re concerned about earning full value for their current home.”

The amount of homes available for sale declined to a 5.9 months supply in the second quarter, down from a 6.0 months supply in the first quarter and an 8.1 months supply in the second quarter of 2010.

The Houston area posted the most sales during the quarter with 19,390 single-family home sales, up from 12,912 sales in the first quarter and up from 16,790 sales recorded during the same time period last year. The Dallas area followed with 14,357 homes sold, up from 9,659 the previous quarter.

Out of the 48 areas that provide data for the report, forty-two experienced year-over-year gains in sales with the Corus Christi area posting the highest increase of 24.3 percent while the Sherman-Denison area posted the largest decline of 12.5 percent.

Year-over-year, forty-one of the areas posted an increase in their median prices or were unchanged from the previous year, led by the Lufkin area with a 24.2 percent price increase while the Paris area posted the largest decline in prices of 20.6 percent.

Jim Gaines, Ph.D., an economist with the Real Estate Center at Texas A&M University which analyzes the report for TAR®, said, “One of the most noteworthy aspects of this quarter’s results is the consistency across markets. Occasionally, statewide results can be dominated by trends in Texas’s largest markets due to the large volume of real estate transactions they represent. However, in this case, the increases in both sales volume and median price are seen throughout most of the 48 Texas markets included in the report.”

Tags: Texas real estate, existing homes, condos, sales, median home prices

Source:
Texas Association of REALTORS®

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?
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CALCULATE YOUR MORTGAGE PAYMENT
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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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