Jeff M Welch

Investment Network Realty

8610 Herts Rd
Spring, TX 77379



Phone: (281) 650-7350 

Housing Trends

December 2011

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National market update

Existing-Home Sales Continue to Climb in November

Washington, DC, December 21, 2011 - Existing-home sales rose again in November and remain above a year ago, according to the National Association of Realtors®. More...
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Pending Home Sales Jump in October

Washington, DC, November 30, 2011 - Pending home sales rose strongly in October and remain above year-ago levels, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, surged 10.4 percent to 93.3 in October from 84.5 in September and is 9.2 percent above October 2010 when it stood at 85.5. The data reflects contracts but not closings...improved contract activity is a hopeful sign...More...
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National housing indicators

Existing home sales ()

4.42 million units*

Existing home median price ()

$164,200

Housing Starts ()

685,000*

New home sales ()

315,000 units *

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

National economic indicators

Home ownership

3rd Qtr 11

66.3%

3rd Qtr 10

66.9%

The homeownership rate in the third quarter 2011 (66.3 percent) was lower than the third quarter 2010 rate (66.9 percent). The homeownership rates in the Midwest and South were lower than their corresponding third quarter 2010 rates.

New home sales

Nov 11

+9.3%

Oct 11

-2.9%

Privately-owned housing starts in November 2011 were at a seasonally adjusted annual rate of 685,000. This is 9.3 percent (+/- 13.1%)* above the revised October 2011 estimate of 627,000.

Source: U.S. CENSUS BUREAU

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Jeff M Welch

Helping you achieve your real estate goals is most important to me. If you are in the market to buy, sell, or lease, or just need friendly advice, please give me a call. I would appreciate the opportunity to put my experience, contacts, and track record of success to work for you. Please give me a call. (281) 650-7350

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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San Antonio is Number 1 in Texas and US in 2011 Best Performing Cities

Steve Schaefer's article about the Milken Institute’s 2011 Best-Performing Cities index, points it finger at San Antonio at the top. It's easy to under how housing follows job growth and creation by military families who need housing, health care and other services. More... Read more

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Hidden Treasures Found Beneath Homes

Homes across US are found with subterranean treasures like putting green, basketball courts, movie theaters, bowling alleys, Tuscan-like kitchens and wine tasting party rooms. See the photo gallery of 18 such homes. More... Read more

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Stay Warm and Keep in Budget This Winter Season

Energy-efficient fireplaces, both wood-burning and gas, let you enjoy the glow of a fire without letting your home heating energy go up in smoke. More...
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Buying a House at Foreclosure Auction is Risky

You can buy a home at a significant discount at a foreclosure auction, but you’ll face a host of challenges. Don’t get burned; be solutions-ready. You can learn about the process in your area by talking to officials at your county tax department or to a REALTOR®. More... Read more

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7 Tips for Staging Your Home

Make your home warm and inviting to boost your home’s value and speed up the sale process.
The first step to getting buyers to make an offer on your home is to impress them with its appearance so they begin to envision themselves living there. More...


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Existing Home Statistics

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