Joanne Dungca

Prudential Gary Greene Realtors

8817 Louetta Road
Spring, TX 77379


Cell: 936-499-4267   
Phone: 936-499-4267 
Fax: 281-444-0630

Housing Trends

February 2013

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National market update

January Existing Home Sales Hold with Steady Price Gain; Seller's Market

WASHINGTON (February 21, 2013) - Existing-home sales edged up in January, while a seller's market is developing and home prices continue to rise steadily above year-ago levels, according to the National Association of Realtors®. Sales rose in every region but the West, which is the region most constrained by limited inventory. More... Read more

Fourth Quarter Metro Area Home Prices Show Strongest Performance in Seven Years

WASHINGTON (February 11, 2013) - A growing number of metropolitan areas had higher median home prices in the fourth quarter, with the national price showing the strongest year-over-year increase in seven years, according to the latest quarterly report by the National Association of Realtors®. More...
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National housing indicators

Existing home sales ()

4.92 million units*

Existing home median price ()

$173,600

Housing Starts ()

890,000 units*

New home sales ()

369,000 units (December)*

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

National economic indicators

Home ownership

4th Qtr 12

65.4%

4th Qtr 11

66.0%

The homeownership rate in the fourth quarter 2012 (65.4 percent) was lower than the fourth quarter 2011 rate (66.0 percent).

New home sales

Jan 13

+15.6%

Dec 12

-3.8%

Sales of new single-family houses in January 2013 were at a seasonally adjusted annual rate of 437,000. This is 15.6 percent (+/- 18.9%)* above the revised December 2012 estimate of 378,000.

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.

Joanne Dungca

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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5 Ways to Gain Creditworthiness in 2013

The new year makes of us mindful of many changes to put into practice. Diane Moogalian offers five simple ways to impact your creditworthiness over the rest of the year. More... Read more

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Should You Prepay Your Mortgage or Invest?

Illyce Glink says she's often asked this hard question. Of course you should speak with your financial adviser, but Illyce offers good points to consider. More...

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Top 10 Remodeling Projects Offer Bigger Returns

Melissa Dittmann Tracey, REALTOR(R) Magazine, says "Home owners are investing in their homes once again”. Remodeling is resulting in higher gains at resale. Here’s remodeling projects that offer the potential for some of the biggest pay-backs at resale. More… Read more

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How to Protect Your Home From Water Damage

The III says, "Water damage is one of the most common and costly disasters affecting U.S. residences, accounting for billions of dollars in losses to homeowners and renters annually." Consumer tips protect your home from water damage and suggestions for the right amount and type of insurance coverage. More... Read more

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Relax Beside Backyard Pond

Jennifer Stimpson, This Old House magazine, explains how to create a free-form backyard pond in just six hours. It's enjoyable, easy, inexpensive and enhances your property. More... Read more

Existing Home Statistics

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