Tom Hughes

Keller Williams Realty Houston Metropolitan

550 Post Oak Blvd., Suite 350
Houston, TX 77027


Cell: 7133983884   
Phone: 713-398-3884 
Fax: 713-621-8048

Housing Trends

September 2018

View archives

What’s the value of
your home?

Use our tools
to find out

Neighborhood reports

Market Snapshot

Get a detailed report showing market trends in your neighborhood, including recent listings, sales prices and average time on market.

Get a report
MoveOneform

Find a Mover

Find a Mover

Type of Move

Move date

Moving From Zip

Moving To Zip

Size of Move


Mortgage rates

Powered by thefinancials.com

Mortgage calculator

Market Snapshot

Get a detailed report showing market trends in your neighborhood, including recent listings, sales prices and average time on market.

Get a report

Rent vs buy

How big is an acre? What is an option?
Do I need hazard insurance?

Take a look at our real estate glossary to learn definitions of common words and phrases used in the industry.

Learn more

National market update

Existing-Home Sales Slip 0.7 Percent in July

WASHINGTON (August 22, 2018) — Existing-home sales subsided for the fourth straight month in July to their slowest pace in over two years, according to the National Association of Realtors®. The West was the only major region with an increase in sales last month.





Read more

The Best—and Worst—Cities to Raise a Family in 2018 Aren't Where You'd Expect

Whether you're an anxious parent-to-be or harried mom or dad to six kids, where you choose to raise your progeny is of tantamount importance. Because, let's face it, some cities and towns are simply more family-friendly than others.





Read more

National housing indicators

Existing home sales (July)

5.34 millions units*

Existing home median price (July)

$269,600

Housing Starts (July)

1.168 millions units*

New home sales (June)

0.631 millions units*

*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

June 2018

-5.3%

July 2018

-1.7%

Sales of new single-family houses in July 2018 were at a seasonally adjusted annual rate of 627,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.7 percent (±14.7 percent)* below the revised June rate of 638,000, but is 12.8 percent (±15.7 percent)* above the July 2017 estimate of 556,000.

Source: U.S. CENSUS BUREAU

How much is your home worth? Get a real-time report on the value of your home. Start now

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.

Tom Hughes

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

Image

America’s Most Affordable Outdoorsy Cities, 2018: Open-Air Adventure at Cut-Rate Costs

If you can’t wait for the weekend to get on a bike, go for a run, or board a boat, we’ve got the best places for you to live—where homes are actually affordable.



Read more

Image

4 Things I Wish I’d Known Before I Got an FHA Loan

An FHA loan with a low down payment can be a lifesaver; but, as one newbie home buyer discovered, it isn’t all smooth sailing.



Read more

Image

How Long Should You Live in Your Home? 6 Signs It’s Time to Move On

The average length of time owners stay in a home is 10 years. Here’s how to figure out how long is too long for you.



Read more

Image

5 Mortifying Reasons Mortgage Applications End Up in the ‘Reject’ Pile

There are a number of reasons why lenders turn down mortgage applications, but some of the most common can be avoided quite easily.



Read more

Image

Old Is Gold: 8 Vintage Living Room Design Trends That Are Making a Big Comeback

Vintage is new again, as designers give time-tested styles a modern update. Check out which looks are having another heyday.



Read more

Existing Home Statistics

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