Diane Hinsley

Heritge Texas Properties

1177 West Loop South, Suite 1200
Houston, TX 77027


Cell: 832-754-4002   
Phone: 713-965-0812 (1141)
Fax: 713-993-1232

Housing Trends

May 2009

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National market update

March Existing-Home Sales Ease but First-Time Buyers Rise

WASHINGTON, April 23, 2009 Existing-home sales eased in March but first-time buyers are responding to low mortgage interest rates and tax credits, according to the National Association of Realtors®. More... Read more

Houston Named Ambassador City for Increasing Affordable Housing, Revitalizing the Community

WASHINGTON, April 21, 2009 The National Association of Realtors® and the U.S. Conference of Mayors have named Houston a 2009 Ambassador City for its Houston HOPE Homes program, an initiative to reinvest in some of Houston’s historic neighborhoods with housing development and infrastructure improvements. More...
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Pending Home Sales Rise, Housing Affordability Near Record

Washington, May 04, 2009 Pending home sales rose with many first-time buyers taking advantage of historically good housing affordability conditions, according to the National Association of Realtors®. More...


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National housing indicators

Existing home sales ()

4.57 millions units*

Existing home median price ()

$175,200

Housing Starts ()

510,000 units*

New home sales ()

356,000 units*

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

National economic indicators

Home ownership

1st Qtr 09

67.3%

1st Qtr 08

67.8%

The homeownership rate (67.3 percent) for the current quarter was lower than the rate in first quarter 2008 (67.8 percent), but not statistically different from the rate in fourth quarter 2008 (67.5 percent).

New home sales

Mar 09

-0.6%

Feb 09

+ 8.2%

Sales of new one-family houses in March 2009 were at a seasonally adjusted annual rate of 356,000. This is 0.6% below the revised February 2009 estimate of 358,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

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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.

Diane Hinsley

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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Eco-Friendly...and Frugal

Homebuilders are boosting sales by attracting cost-conscious consumers seeking to save money. With a drop in home prices, environmentally friendly building materials and energy-saving features, Green Homes are more attractive to buyers than ever. More...

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Outdoor Staging also Important for Home Sellers

How homebuyers view your home before they even step in the front door is just as important as staging the interior. Read some low-budget tips that – combined with some elbow grease – will add up for positive results for your home sale. More...
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Price Reduced $10 Million

It’s not just regular folks: movie stars and other high-profile homebuyers are driving tough deals in this tough housing market, too. Consider one couple who have benefited from some “bargain-basement” home prices: Ben Affleck and Jennifer Garner. More... Read more

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Punta del Este Beach Resort Trophy Penthouse

Tiny Uruguay is one of the richest countries in South America and home to the six-story, 34-unit Edificio Acqua project. Designed by renowned architect Rafael Vinoly, an 18,500-square-foot penthouse unit recently sold for $7.3 million. View SlideShow
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Homebuyers Can Expect to See Gains

Both investors and new homebuyers are finding great deals, mostly with foreclosures. However, a University of Southern California economist says big returns are a thing of the past. View Video...

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Sizable Homebuyers Tax Credit Expires in Fall

Mortgage rates are at 50-year lows. Home prices have dropped in many markets. Potential homebuyers with stable employment who are still on the fence, beware: the $8,000 tax credit expires on Nov. 30. View Video... Read more

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It's Not the Housing Market, It's Lives

I watched a very special movie last night called Marley and Me. I can only describe it as a journey of a couple’s life that was joined together with the addition of "Marley” the Dog. The story was peppered with plenty of important symbols of one family's journey played out through children, spouses, careers, choices and their three homes. More...
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Existing Home Statistics

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