Eli Tanksley

CLEAR BROOK REALTORS

11555 Beamer ste 100
Houston, TX 77089



Phone: 281-450-3305 
Fax: 281-464-3005

Housing Trends

February 2011

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National market update

Pending Home Sales Continue Uptrend

Washington, January 27, 2011 Pending home sales improved further in December, marking the fifth gain in the past six months, according to the National Association of Realtors®. More... Read more

Owners, Renters Agree: Owning a Home is a Smart Decision

Washington, January 19, 2011 A substantial majority of both home owners and current renters agree that owning a home is a smart decision over the long term. That’s according to the results of a National Association of Realtors® survey of 3,793 adults conducted online by Harris Interactive. More... Read more

December Existing-Home Sales Jump

Washington, DC, January 20, 2011 Existing-home sales rose sharply in December, when sales increased for the fifth time in the past six months, according to the National Association of REALTORS®. More... Read more

National housing indicators

Existing home sales ()

5.28 millions units*

Existing home median price ()

$168,800

Housing Starts ()

529,000 units*

New home sales ()

329,000 units*

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

National economic indicators

Home ownership

4th Qtr 10

66.5%

4th Qtr 09

67.2%

The homeownership rate in the fourth quarter 2010 (66.5 percent) was lower than the fourth quarter 2009 rate (67.2 percent). In the Midwest, South, and West, the homeownership rates were lower than a year ago, while the Northeast showed no significant change from the corresponding fourth quarter 2009 rate.

New home sales

Dec 10

17.5+%

Nov 10

0.0%

Sales of new one-family houses in December 2010 were at a seasonally adjusted annual rate of 329,000. This is 17.5 percent above the revised November 2010 estimate of 280,000.

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.

Eli Tanksley

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

Disclaimer: The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of Move,Inc.

Consumer tips & hot properties

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10 Common Errors Home Owners Make When Filing Taxes

Don’t rouse the IRS or pay more taxes than necessary—know the score on each home tax deduction and credit. More... Read more

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Greening to Perfection

Take a peak at a futuristic Spanish villa overlooking the Mediterranean. It's listed around $13M. Fantastic entertaining spaces, nine bedrooms and magnificent views. 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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10 Steps to a Happy Clothes Closet

The clothes closet is one of the least respected areas in the house. It's often stuffed from floor to ceiling with clothing, briefcases, purses and shoes. Valuable clothing rod space has been taken over by vast armies of mis-matched hangers. More... Read more

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Living Large in Less

When Martha Turner, Martha Turner Properties, was asked by Houston Chronicle what people really want in a home today, she said "All of a sudden, people are looking for compact square footage with rooms that can serve more than one purpose. It's environmentally friendly and less tax."

David Weekley of David Weekley Homes, agrees today's families are "value-conscious". More...
Read more

Existing Home Statistics

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