Houston Real Estate | Houston Real Estate News | Houston Realtors
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The greater Houston Texas real estate market includes surrounding cities such as Baytown, Sugar Land, Galveston, Richmond, Katy, Missouri City, Pasadena, Kingwoood, Tomball, Cypress and the Conroe real estate market, as well as all areas encompassed by Harris County and the nine adjacent Texas Counties.
After losing 600 jobs during May, the state's workforce rose by 30,100 positions, bringing the total to 10.55 million in June. Despite the increased number of positions, the state's unemployment rate grew to 8.2 percent from 8 percent in May. This level is still well below the national average of 9.2 percent in June, however.
Housing starts in Texas also improved during the month, with 31.9 percent more properties breaking ground from the previous month. Housing starts fell sharply in May, declining by 18.8 percent. However, June starts were up 14 percent from the previous year.
The number of single-family housing permits issued in the state during June fell, declining 2.9 percent from May and 2 percent from the previous year. Existing-home sales were up, though, rising 3.7 percent from May to June. Despite these sales, the state's inventory stayed at 7.9 months.
In Houston, real estate figures improved during June, according to a report from the Houston Association of Realtors. Home sales, as well as the average and median prices, showed gains during the month.
Builders say housing outlook brightForecasts about the nation's housing market picking up steam aren't solely the prognostications of survey estimates and so-called experts.January 25th, 2013 3:17am
December home sales solid in HoustonEven though December is typically filled with tasks related to purchasing items that can fit underneath a Christmas tree, consumers apparently had an appetite for large buys as well, including Houston homes.January 16th, 2013 5:44am
Texas attracts many households in 2012Texas is a beacon of economic and housing market prosperity, and continues to attract many households from across the country.December 21st, 2012 11:15am
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