James Layfield

Spyglass Realty & Investments

1107 Union Valley Dr.
Pearland, TX 77581


Cell: 713-249-2499   
Phone: 713-249-2499 
Fax: 281-412-0710

Housing Trends

March 2013

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National market update

Existing-Home Sales and Prices Continue to Rise in February

WASHINGTON (March 21, 2013) - February existing-home sales and prices affirm a healthy recovery is underway in the housing sector, according to the National Association of Realtors®. Sales have been above year-ago levels for 20 consecutive months, while prices show 12 consecutive months of year-over-year price increases. More... Read more

National housing indicators

Existing home sales ()

4.98 million units*

Existing home median price ()

$173,600

Housing Starts ()

917,000 units*

New home sales ()

437,000 units (Jan)*

*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). The homeownership rate in the South was lower than the corresponding fourth quarter 2011 rate, while the rates in the Northeast, Midwest, and West were not statistically different from the rates a year ago.

New home sales

Feb 13

-4.6%

Jan 13

+13.1%

Sales of new single-family houses in February 2013 were at a seasonally adjusted annual rate of 411,000. This is 4.6 percent (+/- 20.4%)* below the revised January 2013 estimate of 431,000.

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.

James Layfield

Congratulations to this awesome vet! Read more

Frequently used as staging areas for meal prep, the butler's pantry can be a strong selling point for your home. A butler's pantry commonly includes a countertop and places for storing serving pieces, dinnerware, and other items. Fancier butler's pantries can even have a fridge, small dishwasher and sink. Read more

Although problems with affordability could be relegating some 1st time buyers to the sidelines, some cities have become more accessible to millennials and 1st time buyers. Homes purchased by this demographic fell to 32%, below the traditional norm of 40% for this group. Read more

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Existing Home Statistics

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