November 6 2011
According to
the State Comptroller's
Texas Ahead website During
the 12 months ending in September 2011, 26,512 multifamily building
permits have been issued; that's 59 percent more than the same time
last year.
Also, September
2011 existing single-family home sales were 14 percent higher than
in September 2010.
In September 2011,
the Texas foreclosure rate was 1 in every 985 mortgages.
Real Estate Center Online News
April 3 2011
TEXAS'
ECONOMIC RECOVERY CONTINUES, FIGURES SHOW
AUSTIN (Texas
Association of Realtors) – According to the Texas Quarterly
Housing Report released yesterday by the Texas Association of Realtors
(TAR), Texas homes maintained their value in first quarter 2011. This
despite a decrease in sales volume, indicating that economic recovery
continues in Texas.
"While Texas has not been untouched by the recent economic downturn
as indicated by the decrease in sales, it is encouraging to see home
prices hold their value in the first quarter," said TAR
Chairman Dwight Hale.
In the first quarter, the median price of existing single-family
homes increased 1.3 percent to $143,300 compared with first quarter
2010. During the same period, the volume of home sales was 40,192, 7.3
percent less than the previous year.
"In evaluating the first quarter of 2011, we must remember we're
comparing it to the first quarter of 2010," said Dr. Jim Gaines,
research economist with the Real Estate Center at Texas A&M
University. "That time period included March, which was one of the
most heavily government-stimulated months of the year by the homebuyer
tax credit. While we expected sales to be down given this anomaly, we
expected the decrease in the sales volume to be much greater,
suggesting that the market is performing well despite the absence of
tax credits."
Texas had 7.5 months of inventory in the first quarter, compared
with 6.8 months a year ago.
"Texas is still performing considerably better than other states in
terms of maintaining balance between home inventory and demand,"
Gaines said. "Combined with the fact that Texas has maintained strong
property values, this indicates that the market is absorbing
foreclosed and other distressed properties without experiencing
harmful excess supply."
March 30 2011
