HAR Chair Vicki Fullerton presented to the Greater Northwest Networking Meeting of the Houston Association of REALTORS.

1. Vicki Fullerton Houston Association of REALTORS ® 2009 Chair of the Board

5. Headlines were very varied in 2008 2008 proved tough for area home sales HOME SALES, PRICES DROP SHARPLY HERE Mortgage applications hit five-year high Houston housing gets a vote of confidence Existing home sales sink in South Recession carves away at real estate jobs Another non-traditional player jumps into the MLS game Housing Market Failures Not Preventing Property Investments Officials Say Virtual Home Tours Could Attract Robbers Ike takes wind out of area property sales

6. Houston Home Sales Have Declined

7. Sales Began Dropping in Early 2007

8. But Months Inventory is Showing Signs of Improvement

9. And Active Listings are Decreasing

10. Prices Have Held Up But are Tapering Off Content

11. Condos/Townhomes Are A Good Leading Indicator…So We Hope For a Bounce

12. New Homes Sold Through the MLS Have Skyrocketed

13. Permits Show Depressed New Construction Market

14. The Haves and Have Nots in 2007…

15. Became More of the Have Nots in 2008

16. For All the Talk About Foreclosures… Less Than Half the 1980s

17. More mortgage workouts

31. Thank you! [email_address] http://www.slideshare.net/HARCommunications