Patrick Poteet

Patrick Poteet Properties

11101 FM 1960 E, Unit G
Huffman, TX 77336


Cell: 281-787-9005   
Phone: 281-324-2000 (222)

Housing Trends

November 2018

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National market update

Existing-Home Sales Decline Across the Country in September

WASHINGTON (October 19, 2018) – Existing-home sales declined in September after a month of stagnation in August, according to the National Association of Realtors®. All four major regions saw no gain in sales activity last month.



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Amazon's New Headquarters May Be a Prime Deal for Two Cities, but Where Will Workers Live?

For the past year, Amazon has artfully whipped cities all over the country into a frenzy as they vied for a prize: home to the online retailing giant's second corporate headquarters and up to 50,000 high-paying jobs. And now it appears there's not one, but two winners. Ooh, last-minute plot twists!



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National housing indicators

Existing home sales (Sep)

5.15 millions units*

Existing home median price (Sep)

$258,100

Housing Starts (Sep)

1.201 millions units*

New home sales (Aug)

0.629 millions units*

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

National economic indicators

Home ownership

2nd Quarter 2018

64.3%

3rd Quarter 2018

64.4%

The homeownership rate of 64.4 percent was not statistically different from the rate in the third quarter 2017 (63.9 percent) nor from the rate in the second quarter 2018 (64.3 percent).

New home sales

August 2018

+3.5%

September 2018

-5.5%

Sales of new single-family houses in September 2018 were at a seasonally adjusted annual rate of 553,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.5 percent (±12.1 percent)* below the revised August rate of 585,000 and is 13.2 percent (±13.6 percent)* below the September 2017 estimate of 637,000.

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.

Patrick Poteet

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

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Consumer tips & hot properties

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The New Boomtowns: 10 Surprising U.S. Cities Where Home Prices Are Soaring

The real estate market may be softening nationwide, but prices are still shooting up in these 10 cities. And they’re not the ultrapricey usual urban suspects.



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Housing Slowdown? Softening? Whatever You Call It, It’s Real and It’s Here

After years of soaring price hikes, bidding wars, and a dearth of homes for sale, is the housing market beginning to shift in favor of buyers?



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Take Our Quiz: Are You Truly Ready to Buy a House?

Take this quiz to test your home-buying smarts, and see if you’re truly ready to tackle a mortgage, home closing, and more.



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We’re Stuck in Our Starter Home—Will It Be Our Forever Home, Too?

Twelve years after buying a home with a five-year plan to sell, a couple is still there. Here’s how they decided to cope.



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The Ugly (and Filthy) Truth About Wearing Shoes in the House

Shoes on or off? It’s a choice that inevitably leads to irritated houseguests or resentful homeowners. Who’s right?



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Existing Home Statistics

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