Andrew A. Taft

Realty Associates

1223 Antoine Drive
Houston, TX 77055

Cell: 713-547-0047   
Phone: (713) 547-0047 
Fax: (800) 319-1036

Housing Trends

October 2013

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National market update

Existing-Home Sales Down in September but Prices Rise

After hitting the highest level in nearly four years, existing-home sales declined in September, but limited inventory conditions continued to pressure home prices in much of the country, according to the National Association of Realtors®.
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Pending Home Sales Continue Slide in September

WASHINGTON (October 28, 2013) – Pending home sales declined for the fourth consecutive month in September, as higher mortgage interest rates and higher home prices curbed buying power, according to the National Association of Realtors®.

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National housing indicators

Existing home sales ()


Existing home median price ()


Housing Starts ()


New home sales ()


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

National economic indicators

Home ownership

2nd Qtr 13


2nd Qtr 12


The homeownership rate in the second quarter 2013 (65.0 percent) was lower than the second quarter 2012 rate (65.5 percent). The homeownership rate in the South was lower than the corresponding second quarter 2012 rate, while the rates in the Northeast, Midwest, and West were not statistically different from the rates a year ago.

New home sales

July 2013


August 2013


Sales of new single-family houses in August 2013 were at a seasonally adjusted annual rate of 421,000. This is 7.9 percent (+/- 14.6%)* above the revised July 2013 estimate of 390,000.


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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.

Andrew A. Taft

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

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Consumer tips & hot properties


Buy a Home Now or Pay More Later?

With mortgage rates creeping up toward 5% as 2013 draws to a close, potential home buyers have some decisions to make — and soon.
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How to Choose the Right Neighborhood

Any good Realtor will share the mantra, "location, location, location” when talking to you about what attributes help a home hold onto its value and potentially appreciate. However, no one neighborhood is right every buyer.
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When Should You Put Your Home on the Market?

Q: When is a good time to put your house up for sale before you want to move?

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6 Ways to Slash Moving Costs

Few things are as exciting as a new piece of real estate to call your own; it’s getting there that’s the problem. Moving is hard work, and expensive to boot.
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Make the Most of Your Home Inspection

A home inspection is a crucial element of any home purchase. Most buyers make their purchase offer contingent on the results of a home inspection so they can decide not to buy if the inspection reveals significant structural problems.
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Existing Home Statistics

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