The spring home selling season is just getting started, but signs are growing that the season is already getting off to a faster start. Barclays Capital group upgraded four new homebuilder stocks, including hard hit KB Home and Pulte Group from hold to buy. Foot traffic at new homebuilder.
· Tags: real estate, housing market, home prices, new home sales, existing home sales, pending home sales, housing, renting Devon Thorsby is the Real Estate editor at U.S. News & World Report, where she writes consumer-focused articles about the homebuying and selling process, home improvement, tenant rights and the state of the housing market.
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· AUSTIN, TX-City of Austin home sales dipped as the median price of a single-family home rose, according to the March 2019 Central Texas Housing Market report by the Austin Board of REALTORS ®. At the same time, housing inventory remained critically low, and homes continued to spend less time on the market.
Texas housing market springs to recovery – Existing home sales in Texas trended upward over the last six months, as the housing market begins to show signs of recovery. The average amount of homes sales over the last six months increased.
The median home price in Texas jumped from $137,200 in first quarter 2009 to $141,500 in 2010, a 3.13 percent increase. The Texas Quarterly Housing Report is issued four times a year by the Texas REALTORS® with multiple listing service (MLS) data compiled and analyzed by the Real Estate Center at Texas A&M University.
In sum, the U.S. housing market recovery looks very different when examining the value of individual homes. Across the largest metropolitan areas, the recovery has been limited to a mix of economically booming metros in the West and metros in the South that were relatively unaffected by the housing market downturn.
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· After the Storm: Texas Housing’s Recovery from Harvey. In Q4 itself, that was a 0.1 percent dip. A stable inventory should be about six months. Active listings increased 5.5 percent from 2016 to 2017. The strongest growth in median prices occurred in the Dallas-Fort Worth metroplex, where a third of houses for sale last year closed between $200,000.