Lynn Bell

Champions Real Estate Group

6117 Richmond Ave, Suite 120
Houston, TX 77057



Phone: 713-560-9941 
Fax: 713-785-6631

Housing Trends

January 2011

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National market update

Pending Home Sales Continue Recovery, Gradual Improvement Seen in 2011

Washington, DC, December 30, 2010 Pending home sales rose again in November, with the broad trend over the past five months indicating a gradual recovery into 2011, according to the National Association of REALTORS®. More... Read more

Existing-Home Sales Resume Uptrend with Stable Prices

WASHINGTON , December 22, 2010 Existing-home sales got back on an upward path in November, resuming a growth trend since bottoming in July, according to the National Association of Realtors®. More... Read more

National housing indicators

Existing home sales ()

4.68 million units*

Existing home median price ()

$170,600

Housing Starts ()

555,000 units*

New home sales ()

290,000 units*

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

National economic indicators

Home ownership

3rd Qtr 10

66.9%

3rd Qtr 09

67.6%

The homeownership rate in the third quarter 2010 (66.9 percent) was lower than the third quarter 2009 rate (67.6 percent). In the South and West, the homeownership rates were lower than a year ago, while the Northeast and Midwest showed no significant change from corresponding third quarter 2009 rates. (4th Qtr 2010 Rates will be reported in February.)

New home sales

Nov 10

+5.5%

Oct 10

-10.7%

Sales of new one-family houses in November 2010 were at a seasonally adjusted annual rate of 290,000. This is 5.5 percent above the revised October 2010 estimate of 275,000.

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.

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

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Are You in the Market for a $60 Million Spec Home?

The Wall Street Journal reports that speculative developers are hanging their hopes on the fact that buyers will be attracted to these multimillion dollar spec homes that includes imported sand from the Bahamas, 10 bedrooms, indoor Olympic-size pool, plus much much more. More...
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Insurance for Your Home-Based Business

If you think your homeowners policy provides adequate insurance for your home-based business, think again. More... Read more

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Wood Fireplace: 9 Tips for Safety and Efficiency

Besides the annual inspection and sweep for your chimney, improve the function of your wood fireplace with responsible use. More... Read more

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Green Kitchen Countertops: 3 Eco-Friendly Choices

Save money over granite and be kind to your home planet. How? Pick a green kitchen countertop material when you remodel your kitchen. More... Read more

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Tax Credits for Adding or Replacing Insulation

The 2010 energy tax credit for adding insulation is gone, but a smaller one in 2011 is better than nothing. More...

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Existing Home Statistics

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