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Texas Fourth Quarter Home Sales Improve from Last Year
Texas Fourth Quarter Home Sales Improve from Last Year
Texas Fourth Quarter Home Sales Improve from Last Year
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February 17, 2012 (Shirley Allen)

Sales of existing single-family homes in Texas followed seasonal trends and declined from the third quarter of 2011 to the fourth quarter but were still over seven percent higher than a year earlier according to the latest data from the Texas Association of REALTORS® (TAR).

An estimated total of 46,764 existing single-family homes were sold in the Lone Star State in the fourth quarter. That was 19.4 percent lower than the 58,019 homes sold in the third quarter but still 7.2 percent higher than the 43,605 homes sold in the fourth quarter of 2010.

The median sales price for an existing single-family home in Texas fell 2.4 percent to $148,100 from $151,800 during the quarter and was almost unchanged from the median price of $147,400 in the fourth quarter of 2010.

Joe Stewart, chairman of the Texas Association of REALTORS®, stated, “It’s encouraging to see continued stability in the Texas real estate market heading into 2012. With increasing sales, stable prices and low mortgage interest rates, this report is more evidence that, in Texas, things are different … and better.”

The amount of homes available for sale declined to a 6.4 months supply in the fourth quarter, down from a 7.4 months supply in the third quarter and a 7.6 months supply in the fourth quarter of 2010.

Jim Gaines, Ph.D., an economist with the Real Estate Center at Texas A&M University which analyzes the report for TAR®, said, “The fourth quarter of 2011 presents our first opportunity in several years to compare apples to apples because we are now looking back on a quarter unaffected by significant stimulus programs. With this clear view, we see stability and consistency compared to last year with the most significant change being in months of inventory.

For all of 2011, there were a total of 203,770 existing single-family homes sold in Texas, 0.4 percent higher than the 202,916 homes sold in 2010. It was the second consecutive year that yearly home sales surpassed the previous year’s total.

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

Source:
Texas Association of REALTORS®

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NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Information You Can Use
Helpful Tools
Mortgage
Calculator
Estimate your monthly mortgage payment
Auto Loan
Calculator
Determine how much car you can afford before buying
Learn About
Mortgage Loans
Learn about the different types of home loans
15 Year vs 30 Year
Loan Comparison
Compare 15 year and 30 year mortgage loans
Todays Mortgage
Rates
See today's mortgage rates. Shop, compare and save.

February 17, 2012 (Shirley Allen)

Sales of existing single-family homes in Texas followed seasonal trends and declined from the third quarter of 2011 to the fourth quarter but were still over seven percent higher than a year earlier according to the latest data from the Texas Association of REALTORS® (TAR).

An estimated total of 46,764 existing single-family homes were sold in the Lone Star State in the fourth quarter. That was 19.4 percent lower than the 58,019 homes sold in the third quarter but still 7.2 percent higher than the 43,605 homes sold in the fourth quarter of 2010.

The median sales price for an existing single-family home in Texas fell 2.4 percent to $148,100 from $151,800 during the quarter and was almost unchanged from the median price of $147,400 in the fourth quarter of 2010.

Joe Stewart, chairman of the Texas Association of REALTORS®, stated, “It’s encouraging to see continued stability in the Texas real estate market heading into 2012. With increasing sales, stable prices and low mortgage interest rates, this report is more evidence that, in Texas, things are different … and better.”

The amount of homes available for sale declined to a 6.4 months supply in the fourth quarter, down from a 7.4 months supply in the third quarter and a 7.6 months supply in the fourth quarter of 2010.

Jim Gaines, Ph.D., an economist with the Real Estate Center at Texas A&M University which analyzes the report for TAR®, said, “The fourth quarter of 2011 presents our first opportunity in several years to compare apples to apples because we are now looking back on a quarter unaffected by significant stimulus programs. With this clear view, we see stability and consistency compared to last year with the most significant change being in months of inventory.

For all of 2011, there were a total of 203,770 existing single-family homes sold in Texas, 0.4 percent higher than the 202,916 homes sold in 2010. It was the second consecutive year that yearly home sales surpassed the previous year’s total.

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

Source:
Texas Association of REALTORS®

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 LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Information You Can Use
Helpful Tools

February 17, 2012 (Shirley Allen)

Sales of existing single-family homes in Texas followed seasonal trends and declined from the third quarter of 2011 to the fourth quarter but were still over seven percent higher than a year earlier according to the latest data from the Texas Association of REALTORS® (TAR).

An estimated total of 46,764 existing single-family homes were sold in the Lone Star State in the fourth quarter. That was 19.4 percent lower than the 58,019 homes sold in the third quarter but still 7.2 percent higher than the 43,605 homes sold in the fourth quarter of 2010.

The median sales price for an existing single-family home in Texas fell 2.4 percent to $148,100 from $151,800 during the quarter and was almost unchanged from the median price of $147,400 in the fourth quarter of 2010.

Joe Stewart, chairman of the Texas Association of REALTORS®, stated, “It’s encouraging to see continued stability in the Texas real estate market heading into 2012. With increasing sales, stable prices and low mortgage interest rates, this report is more evidence that, in Texas, things are different … and better.”

The amount of homes available for sale declined to a 6.4 months supply in the fourth quarter, down from a 7.4 months supply in the third quarter and a 7.6 months supply in the fourth quarter of 2010.

Jim Gaines, Ph.D., an economist with the Real Estate Center at Texas A&M University which analyzes the report for TAR®, said, “The fourth quarter of 2011 presents our first opportunity in several years to compare apples to apples because we are now looking back on a quarter unaffected by significant stimulus programs. With this clear view, we see stability and consistency compared to last year with the most significant change being in months of inventory.

For all of 2011, there were a total of 203,770 existing single-family homes sold in Texas, 0.4 percent higher than the 202,916 homes sold in 2010. It was the second consecutive year that yearly home sales surpassed the previous year’s total.

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

Source:
Texas Association of REALTORS®

HOW LOANRATENETWORK
LOAN CENTER WORKS
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 LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Information You Can Use

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