What really makes a hot housing market?

The phrase “hot housing market” gets thrown around frequently, but a jump in sale price alone doesn’t necessarily indicate a lively market, according to Pro Teck Services’ May Home Value Forecast report.

Determining a truly hot housing market takes deeper evaluation, such as sold price percent change, list-to-sale price ratio and percentage of foreclosure sales, among others …

Declining Houston home prices an ‘elevated risk,’ says Arch MI

Homes in the Houston-The Woodlands-Sugar Land metro are roughly 20 percent overvalued, giving them a one in three (36 percent) chance of seeing price deprecation in the next few years, according to a recent ranking put out by Arch MI. The report dubbe…

Houston sales market hits expected decline

Recent data indicates Houston homes sales activity will decline in December for the third straight month. According to the Houston Association of Realtors, pending single-family homes sales at the end of November totaled 5,617, a 6.3 percent drop from …

Price appreciation a treat for Sugar Land homeowners, agents

Slowing sales activity has done little to affect Sugar Land’s existing home prices. In Sugar Land’s south region the average sales price of a home was $518,729 during a recent 12-month period, according to the Houston Association of Realtors …

Houston home sales fall flat in October

The oil industry’s downturn coupled with traditional seasonality pushed Houston’s home sales activity down by double digits in October. Single-family homes sales in the metro dropped by 10.2 percent on a year-over-year basis, with a total of 5,873 sale…

Average Manhattan condo sells for nearly $2 million

Two reports show that while condo closing volume declined in Manhattan by 10 to 20 percent during the second quarter, median and average sales prices rose by 6 percent to more than 11 percent spanning the past 12 months. The average Manhattan apartment…