Monthly Archives: November 2012

Texas Mortgage Market Update – For the week of November 26, 2012

Texas Mortgage Market Update – For the week of November 26, 2012 – We may not be standing in the middle of a fully recovered housing market, but we’re clearly moving in that direction. Existing Home Sales were UP 2.1% in October, staying right near their highest level in over two years. Sales are up 10.9% from a year ago. The median price is now $178,600, up 11.1% over a year ago. And the supply of existing homes dropped from 5.6 to 5.4 months. The inventory of existing homes is down to 2.14 million, the lowest level since December 2002. Continue reading

Texas Mortgage Market Update – For the week of November 5, 2012

Texas Mortgage Market Update – For the week of November 5, 2012 – We hope that in the face of the tragedy of superstorm Sandy, those affected will find joy: in neighbors coming together showing strength in community; in the armies of emergency workers, both professionals and volunteers, toiling around the clock; in the heartfelt support of people across the country, expressed on social networks, via emails, on radio and TV. Our thoughts and prayers go out to all those now struggling to recover. If you’d like to contribute to the relief effort, a good place to start is the American Red Cross at http://www.redcross.org/charitable-donations. Continue reading