Andi Gibson

Town & Country Parisher Properties

10603 Grant Rd. #102
Houston, TX 77070


Cell: 832-731-6955   
Phone: 832-604-6190 
Fax: 832-604-6217

Housing Trends

October 2018

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National market update

Existing-Home Sales Remain Flat Nationally, Mixed Results Regionally

WASHINGTON (September 20, 2018) – Existing-home sales remained steady in August after four straight months of decline, according to the National Association of Realtors®. Sales gains in the Northeast and Midwest canceled out downturns in the South and West.



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6 Home Renovation Myths to Stop Believing Before You Botch Things Up

Where do home renovation myths start? Maybe in the aisles of your local hardware store or parking lot of the lumber yard. They get traded back and forth and whispered to people who may actually believe the tall tales—until they find themselves sitting under a pile of splintered wood and drywall dust.



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National housing indicators

Existing home sales (August)

5.29 million units*

Existing home median price (August)

$267,200

Housing Starts (August)

1.282 million unit*

New home sales (July)

0.627 million unit*

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

National economic indicators

Home ownership

1st Quarter 2018

64.2%

2nd Quarter 2018

64.3%

The homeownership rate of 64.3 percent was not statistically different from the rate in the second quarter 2017 (63.7 percent) nor from the rate in the first quarter 2018 (64.2 percent).

New home sales

July 2018

-1.7%

August 2018

+3.5%

Sales of new single-family houses in August 2018 were at a seasonally adjusted annual rate of 629,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.5 percent (±13.7 percent)* above the revised July rate of 608,000 and is 12.7 percent (±20.7 percent)* above the August 2017 estimate of 558,000

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.

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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Got Lousy Credit? 10 Places Where It Won't Stop You From Buying a Home

There are plenty of places where a poor credit score may not stand in the way of buyers seeking a mortgage for the home they’ve set their sights on.



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6 Things You'll Overhear at an Open House That Might Persuade You to Buy Now—or Run

The seemingly innocuous chitchat you overhear can help you decide whether to follow through and make an offer—or conversely, get the heck out of there.



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Want Instant Curb Appeal on the Cheap? These 6 Easy Tricks Will Cost You Under $200

Boosting your curb appeal—with quick and easy upgrades—doesn’t have to drain your savings account.



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Put Away the Pumpkins and Pine Cones: These Fab Fall Decor Ideas Are in Season

This autumn, designers are all about going off book with cozy but timeless decor that can last well into winter and even next spring—nary a gourd or corn husk in sight.



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Early Bird Specials! America’s 10 Most—and Least—Expensive Retirement Towns

As tens of millions of baby boomers plan their retirement, they’re obsessing over where to live out their golden years—without giving up an active, social lifestyle.



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Existing Home Statistics

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