Jeff Lutz

REMAX Fine Properties

4500 Highway 6
Sugar Land, TX 77478


Cell: 832-368-5719   
Phone: 281-265-5533 (1176)
Fax: 281-200-0108

Housing Trends

July 2011

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National market update

Pending Home Sales Turn Around in May

Washington, DC, June 29, 2011 - Pending home sales rose strongly in May with all regions experiencing gains from a year ago, pointing to higher housing activity in the second half of the year, according to the National Association of Realtors®. More...
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Seven Out of 10 Renters Say Owning a Home is a Top Priority

Washington, DC, July 06, 2011 - Most Americans still believe that owning a home is a solid financial decision, and a majority of renters aspire to home ownership as a long-term goal. According to the 2011 National Housing Pulse Survey released today by the National Association of Realtors®, 72 percent of renters surveyed said owning a home is a top priority for their future, up from 63 percent in 2010. More... Read more

National housing indicators

Existing home sales ()

4.77 millions units*

Existing home median price ()

$184,300

Housing Starts ()

629,000 units*

New home sales ()

319,000 (May)*

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

National economic indicators

Home ownership

1st Qtr 11

66.4%

4th Qtr 10

66.5%

The homeownership rate in the first quarter 2011 (66.4 percent) was lower than the first quarter 2010 rate (67.1 percent). In the South and West, the homeownership rates were lower than a year ago, while the Northeast and Midwest showed no significant change from the corresponding first quarter 2010 rates.

New home sales

May 11

-2.1%

Apr 11

+6.5%

Sales of new one-family houses in May 2011 were at a seasonally adjusted annual rate of 319,000. This is 2.1 percent below the revised April 2011 estimate of 326,000.

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.

Jeff Lutz

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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Dress Up Your Deck

You may think of your deck as simply a platform—a place where you can survey your kingdom and stash your barbecue grill. But deck technology and imaginative designs have combined to create fabulous outdoor havens that extend your living area with comfort, style, and a dash of wow! Take a peek at these inspiring deck creations. More... Read more

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Low-Maintenance Lawn Alternatives: Turf Grasses

If you want a yard that demands less time, money, and water, consider low-maintenance grasses in lieu of the traditional lawn. More...
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Attic Conversions Are Smart Remodeling Projects

If you’re looking to expand your living area, look up. Converting your attic to a bedroom, media hang, or playroom is a great way to gain space at significantly less cost than adding on. After all, you’ve got the walls, ceiling, and floor already in place. Remodeling magazine’s Cost vs. More...
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Jerry Seinfeld Lists Telluride Home for $18.3 Million

A Telluride, Colo., home owned by actor and comedian Jerry Seinfeld has hit the market for $18.3 million. More... Read more

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Do You Need Hurricane Insurance?

You have to investigate your policy details and how they relate to your location before making a decision on hurricane insurance. More...
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Existing Home Statistics

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