Maelia Davis

RE/MAX Realty Center

12810 Telge Road
Cypress, TX 77429


Cell: 310-977-7269   
Phone: 281-213-6213 
Fax: 281-373-2214

Housing Trends

December 2008

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National market update

Home Prices Rise in Some Metros, Buyers More Active in Other Areas

WASHINGTON, November 18, 2008 - Four out of five metropolitan areas recorded lower home prices in the third quarter from a year earlier, while existing-home sales fell in 32 states from the second quarter, according to the latest quarterly survey by the National Association of Realtors®. More...
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The Future for Home Prices

The title of this article is the same as one in today's Wall Street Journal (password required). The WSJ article raises questions about people's optimistic outlook on gaining wealth from their homes as being simply wishful thinking. Lawrence Yun, Chief Economist, National Association of Realtors, attempts in this corresponding article to lay out the same information - but in a different light. More... Read more

Curb Appeal Matters Now More Than Ever, Say Realtors®

WASHINGTON, December 02, 2008 - For the second year in a row, Realtors® report that exterior remodeling projects return the most money as a percentage of cost, as detailed in the 2008 Remodeling Cost vs. Value Report. More... Read more

Existing-Home Sales Soften on Economic Volatility

WASHINGTON, November 24, 2008 - Existing-home sales declined on the heels of a strong gain in September as uncertainty and economic concerns increased in October, according to the National Association of Realtors®. More... Read more

National housing indicators

Existing home sales ()

4.9 million units*

Existing home median price ()

$186,500

Housing Starts ()

771,000 units*

New home sales ()

433,000 units*

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

National economic indicators

Home ownership

3rd Qrt 08

67.9%

3rd Qrt 07

68.2%

New home sales

Sept 08

+2.7%

Aug 08

-12.6%

Source: U.S. CENSUS BUREAU

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Regional market updates

View market statistics for your region.

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.

This Month's Special Offer for Maelia's Friends!

Hurricane Season is coming up! Being prepared is so important when you are a homeowner and adds value to the resale value of your home when it's time to sell. Does your home need a generator? Harris County Rentals, locally owned and operated out of Tomball offers my friends and clients a discount if you mention my Newsletter. Take advantage now!

Here are 38 new reasons to love Houston. I just read the latest issue of Houstonia which highlights the top 38 restaurants that have opened in H-Town this past year. The list includes some exciting additions to the sushi scene as well as some very interesting and creative new places with adventurous chefs. Check out the link below. Read more

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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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Before You Apply for that Loan …

A strong financial history can be the key to securing a mortgage loan when buying a new home. Even if you can purchase a home with little or no money down, you still need a strong credit history to pay the balance. More...
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Don't Rule Out a Condo

Are you ready to make the move from renter to owner but aren't sure you’re prepared for the maintenance and responsibilities that come with owning a home? Consider purchasing a condominium. In the past, people chose condominiums as a viable option to homeownership because of their affordability. While that may not hold true in every market today, there is another factor you might want to consider: lifestyle choice. More...
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Know your Homeowners' Association

The home or condominium that you're thinking of buying may be governed by a homeowners association (HOA). What benefits do they provide you? More... Read more

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ForbesTraveler.com's Celebrates Christmas Around the World

ForbesTraveler.com reports Elves in Hawaiian shirts, Reindeer rodeo, Whale sashimi from the Arctic Circle to the Aloha State. It's the time of year to celebrate the multicultural mania inspired by the president-elect to bring you global Christmas traditions. ForbesTraveler.com brings it right to you in holiday party time from around the world in a slide show.
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Existing Home Statistics

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