Don Davis

DON DAVIS LUXE REALTY GROUP

24275 Katy Freeway
Katy, TX 77494


Cell: 9364945500   
Phone: 9364945500 

Housing Trends

September 2018

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National market update

Existing-Home Sales Slip 0.7 Percent in July

WASHINGTON (August 22, 2018) — Existing-home sales subsided for the fourth straight month in July to their slowest pace in over two years, according to the National Association of Realtors®. The West was the only major region with an increase in sales last month.





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The Best—and Worst—Cities to Raise a Family in 2018 Aren't Where You'd Expect

Whether you're an anxious parent-to-be or harried mom or dad to six kids, where you choose to raise your progeny is of tantamount importance. Because, let's face it, some cities and towns are simply more family-friendly than others.





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National housing indicators

Existing home sales (July)

5.34 millions units*

Existing home median price (July)

$269,600

Housing Starts (July)

1.168 millions units*

New home sales (June)

0.631 millions units*

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

National economic indicators

Home ownership

1st Quarter 2018

64.2%

2nd Quarter 2018

64.3%

The homeownership rate of 64.3 percent was not statistically different from the rate in the second quarter 2017 (63.7 percent) nor from the rate in the first quarter 2018 (64.2 percent).

New home sales

June 2018

-5.3%

July 2018

-1.7%

Sales of new single-family houses in July 2018 were at a seasonally adjusted annual rate of 627,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.7 percent (±14.7 percent)* below the revised June rate of 638,000, but is 12.8 percent (±15.7 percent)* above the July 2017 estimate of 556,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

View market statistics for your region.

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.

HOUSTON HOME SALES SURGE IN NOVEMBER Luxury market enjoys its first sales increase in over a year HOUSTON—(December 14, 2016)— The Houston housing market registered healthy gains in November thanks to more plentiful inventory, with single-family home sales surging nearly 23 percent compared to one year earlier when oil jitters sent sales tumbling. Read more

How can you buy a home you don’t know is for sale? 11/24/2015 | Author: Marty Kramer Not many homebuyers would ask to see 70% of available homes for sale. But that’s what’s happening if you’re visiting certain websites. Read more

Author: Ward Lowe- "Instead of just asking me to help with his kitchen remodel, my friend made me an offer I couldn't refuse: Want to come over and knock down a wall? While that's one way to make your house feel bigger, it's probably not the best option if you're putting your house on the market. Here are a few easier ways to add a sense of space" Read more

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Consumer tips & hot properties

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America’s Most Affordable Outdoorsy Cities, 2018: Open-Air Adventure at Cut-Rate Costs

If you can’t wait for the weekend to get on a bike, go for a run, or board a boat, we’ve got the best places for you to live—where homes are actually affordable.



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4 Things I Wish I’d Known Before I Got an FHA Loan

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How Long Should You Live in Your Home? 6 Signs It’s Time to Move On

The average length of time owners stay in a home is 10 years. Here’s how to figure out how long is too long for you.



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5 Mortifying Reasons Mortgage Applications End Up in the ‘Reject’ Pile

There are a number of reasons why lenders turn down mortgage applications, but some of the most common can be avoided quite easily.



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Old Is Gold: 8 Vintage Living Room Design Trends That Are Making a Big Comeback

Vintage is new again, as designers give time-tested styles a modern update. Check out which looks are having another heyday.



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Existing Home Statistics

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