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Real Estate Blog & Resources

What Kept November Home Sales Down?

Fewer existing home sales in November caused a bit of an upset in market speculations. According to the National Association of Realtors, existing home sales fell 10.5 percent in November. There were only 4.76 million homes sold in November 2015, compared to 5.32 million existing homes sold during October 2015. As a result, national sales are 3.8 percent lower than they were 12 months ago.

Why now is a great time for buying a house

While the summer months were a great time for the housing market, the conditions continue to be aligned for homebuyers looking to purchase a house. From tax credits to interest-rate risks, and from available inventory to prices, individuals and families should act now to take advantage of the superb environment for buying a home. Many consumers are already aware of how good the conditions are for home buying. According to realtor.com, the percentage of would-be buyers intent on purchasing a home in the next seven to 12 months is the highest it has been all year.

Forecast looks strong for real estate development

In what has been a long string of positive trends for the residential housing market, a rare speck of negative news has emerged as housing starts dropped last month. While many economists do not anticipate this minor blip to set back an otherwise surging industry, the slowdown might still underlie certain aspects of the residential construction sector that need firming. Still, the recent reports on the housing market continue signaling a strengthening sector of the economy and indicate additional prosperity in real estate development moving forward.

The State of the Texas Housing Market

The housing market in Texas is facing a whirlwind of factors that are contributing to ensure the industry should be busy for a while. On one side, the available housing for inventory continues to remain below the optimal level. On the other hand, builder confidence recently hit a 10-year high. As these two trends continue to hold sway over the state's housing, homebuilders should find that the market for new homes will remain strong for the coming months and years.