The document discusses trends in the national and Texas housing markets in 2016, noting that mortgage rates have risen slightly to 4-4.5%, household formations and home sales volumes have increased around 5%, and affordability remains a concern as housing prices and rents are rising faster than incomes. It also examines housing permits, prices, and inventory in Texas specifically, finding that single family permits and home sales rose around 4-10% in 2015 from the previous year.
September 2015 Greater Boston Real Estate Market Trends ReportUnit Realty Group
Here’s September 2015’s Monthly Indicators report from the Greater Boston Association of Realtors®
September closed home sales up on strong buyer activity over the summer. Home prices continued to be pushed higher by strong demand and low supply in September. Six straight months of new listings added to the market are giving buyers more options.
• September single-family home sales – UP +15.0% over last year
• September Single-family median prices were UP +7.5% at $455,000
• September condo sales UP +4.1% and median prices were UP +3.4% at $428,500
• Inventory in September DOWN -10.1% to 3,870 and Condominiums DOWN -6.4% to 1,832
• SF listings added to the market in September UP +10.9% over last year. (2,040 from 1,839 in 2014)
• Condo listings added to the market UP +11.3% over last year. (1,421 from 1,277 in 2014)
August 2015 Greater Boston Real Estate Market Trends ReportUnit Realty Group
Here’s August’s 2015’s Monthly Indicators report from the Greater Boston Association of Realtors®.
Boston Real Estate Market Trends:
Strong buyer activity in late spring/early summer pushed closed sales up in August. Supply and demand are pushing home prices up. New listings added to the market are helping increase closed sales.
• August single-family home sales – UP +13.5% over last year
• August Single-family median prices were UP 2.0% at $499,900
• August condo sales UP +4.6% and median prices UP +9.8% ($460,000)
• Inventory in August DOWN -13.0% to 3,500 and Condominiums DOWN -13.8% to 1,516
• SF listings added to the market in August UP +14.0% over last year. (1,445 from 1,267 in 2014)
• Condo listings added to the market UP +17.1% over last year. (910 from 777 in 2014)
September 2015 Greater Boston Real Estate Market Trends ReportUnit Realty Group
Here’s September 2015’s Monthly Indicators report from the Greater Boston Association of Realtors®
September closed home sales up on strong buyer activity over the summer. Home prices continued to be pushed higher by strong demand and low supply in September. Six straight months of new listings added to the market are giving buyers more options.
• September single-family home sales – UP +15.0% over last year
• September Single-family median prices were UP +7.5% at $455,000
• September condo sales UP +4.1% and median prices were UP +3.4% at $428,500
• Inventory in September DOWN -10.1% to 3,870 and Condominiums DOWN -6.4% to 1,832
• SF listings added to the market in September UP +10.9% over last year. (2,040 from 1,839 in 2014)
• Condo listings added to the market UP +11.3% over last year. (1,421 from 1,277 in 2014)
August 2015 Greater Boston Real Estate Market Trends ReportUnit Realty Group
Here’s August’s 2015’s Monthly Indicators report from the Greater Boston Association of Realtors®.
Boston Real Estate Market Trends:
Strong buyer activity in late spring/early summer pushed closed sales up in August. Supply and demand are pushing home prices up. New listings added to the market are helping increase closed sales.
• August single-family home sales – UP +13.5% over last year
• August Single-family median prices were UP 2.0% at $499,900
• August condo sales UP +4.6% and median prices UP +9.8% ($460,000)
• Inventory in August DOWN -13.0% to 3,500 and Condominiums DOWN -13.8% to 1,516
• SF listings added to the market in August UP +14.0% over last year. (1,445 from 1,267 in 2014)
• Condo listings added to the market UP +17.1% over last year. (910 from 777 in 2014)
October 2015 Greater Boston Real Estate Market Trends ReportUnit Realty Group
Here’s October 2015’s Monthly Indicators report from the Greater Boston Association of Realtors®
October closed home sales up on strong buyer activity over the late summer/early fall. Low supply in October and ongoing buyer demand pushed home prices higher. Seven straight months of new listings added to the market are giving buyers more options.
• September single-family home sales – UP +13.0% over last year
September Single-family median prices were UP +1.1% at $440,000
• September condo sales DOWN -7.3% and median prices were UP +15.5% at $454,950
• Inventory in September DOWN -12.1% to 3,688 and Condominiums DOWN -10.0% to 1,773
• SF listings added to the market in September UP +2.6% over last year. (1,586 from 1,546 in 2014)
• Condo listings added to the market UP +5.3% over last year. (1,137 from 1,080 in 2014)
Breakfast Forum: The Houston Commercial Real Estate Markets - What's Ahead fo...BoyarMiller
As part of its ongoing Breakfast Forum series, BoyarMiller gathered industry experts for a panel discussion on the look ahead for Houston's Commercial Real Estate for 2015.
Speakers included: Will Holder with Trendmaker Homes; Allen H. Crosswell, with NewQuest Crosswell; Jonathan Brinsden with Midway; and Welcome Wilson, Jr. with Welcome Group.
For the overall real estate market in Tucson and southern Arizona, the Seller’s Market conditions continue. The inventory of homes for sale continues to decline in 2018, while sales increased further. The shortage of listings has not been a drag on home sales, however it has contributed to a 4% increase in median price. This has created a very competitive environment, especially at lower price points. At the higher end of the market, there has been a measurable increase in luxury sales. The median price of homes in Tucson was $207,250 in June 2018. Prices have recovered to 2007 levels and are
92% recovered from the market’s peak of $226,465 in November 2005.
February 2015 Greater Boston Real Estate Market Trends ReportUnit Realty Group
Here’s February 2015’s Monthly Indicators report from the Greater Boston Association of Realtors®
February condo sales closed down by almost two percent compared to the year before. Median prices continued to go up as supply continues to be down. Sellers were waiting out Mother Nature to add their homes to the market keeping new listings down in February.
• February single-family home sales: UP +5.0% over February 2014; median prices UP +7.9% ($439,500)
• February condo sales DOWN -1.8% over February 2014; median prices UP +3.5% ($403,568)
• Inventory in February DOWN -29.3% to 1,992 and Condominiums Down -32.9% to 1,057
• SF listings added to the market in February DOWN -38.7% over last year. (700 from 1,141 in 2014)
• Condo listings added to the market DOWN -33.7% over last year. (615 from 927 in 2014)
October 2015 Greater Boston Real Estate Market Trends ReportUnit Realty Group
Here’s October 2015’s Monthly Indicators report from the Greater Boston Association of Realtors®
October closed home sales up on strong buyer activity over the late summer/early fall. Low supply in October and ongoing buyer demand pushed home prices higher. Seven straight months of new listings added to the market are giving buyers more options.
• September single-family home sales – UP +13.0% over last year
September Single-family median prices were UP +1.1% at $440,000
• September condo sales DOWN -7.3% and median prices were UP +15.5% at $454,950
• Inventory in September DOWN -12.1% to 3,688 and Condominiums DOWN -10.0% to 1,773
• SF listings added to the market in September UP +2.6% over last year. (1,586 from 1,546 in 2014)
• Condo listings added to the market UP +5.3% over last year. (1,137 from 1,080 in 2014)
Breakfast Forum: The Houston Commercial Real Estate Markets - What's Ahead fo...BoyarMiller
As part of its ongoing Breakfast Forum series, BoyarMiller gathered industry experts for a panel discussion on the look ahead for Houston's Commercial Real Estate for 2015.
Speakers included: Will Holder with Trendmaker Homes; Allen H. Crosswell, with NewQuest Crosswell; Jonathan Brinsden with Midway; and Welcome Wilson, Jr. with Welcome Group.
For the overall real estate market in Tucson and southern Arizona, the Seller’s Market conditions continue. The inventory of homes for sale continues to decline in 2018, while sales increased further. The shortage of listings has not been a drag on home sales, however it has contributed to a 4% increase in median price. This has created a very competitive environment, especially at lower price points. At the higher end of the market, there has been a measurable increase in luxury sales. The median price of homes in Tucson was $207,250 in June 2018. Prices have recovered to 2007 levels and are
92% recovered from the market’s peak of $226,465 in November 2005.
February 2015 Greater Boston Real Estate Market Trends ReportUnit Realty Group
Here’s February 2015’s Monthly Indicators report from the Greater Boston Association of Realtors®
February condo sales closed down by almost two percent compared to the year before. Median prices continued to go up as supply continues to be down. Sellers were waiting out Mother Nature to add their homes to the market keeping new listings down in February.
• February single-family home sales: UP +5.0% over February 2014; median prices UP +7.9% ($439,500)
• February condo sales DOWN -1.8% over February 2014; median prices UP +3.5% ($403,568)
• Inventory in February DOWN -29.3% to 1,992 and Condominiums Down -32.9% to 1,057
• SF listings added to the market in February DOWN -38.7% over last year. (700 from 1,141 in 2014)
• Condo listings added to the market DOWN -33.7% over last year. (615 from 927 in 2014)
Want to know whats happening in the Real Estate Market in Santa Clara County and East Bay County?
Is There a Housing Bubble ? What do the expert say ?
Want to know more ? Contact us today.
www.ValleyRG.com
Matt Nguyen, 408-816-9698
Real Estate Economics as presented by Robert Kleinhenz, Ph.DRealEstateEducation
Economic Statistics
Kyser Center for Economic Research
Robert A. Kleinhenz, Ph.D.
Chief Economist, Kyser Center for Economic Research,
Los Angeles Economic Development Center (LAEDC)
Community College Real Estate Educators’ Conference , Hilton LAX,October 18, 2013
Protest the value of your commercial property annually. Yes, protest each and each year. Even if the value didn't change, protest the value. The assessor’s values are based on the cost approach, the least reliable method of appraisal. You can protest both excessive value and unequal value annually. Reach us @ https://www.cutmytaxes.com/
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
Flat available for sale
Location- Tupudana, Ranchi
Savitri enclave
Area- 3BHK
Rate- 4000/sq.ft.
Super Build Up Area-1629 sq.ft.
Build-up area-1253 sq.ft.
Rate- 65lakh16k(approx)
Floor available- Flat available in all floor(G+12)
Balcony- 2
Washroom- 2
Parking - CAR PARKING
Amenities- Joggers track,temple, children's park,gym,banquet hall (5 Lakh)
Possession year (Handover year)- Dec 2025
Outside View from the apartment and flat balcony is very beautiful.
For more information contact AASHIYANA STAR PROPERTIES
7766900371
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BrickAndBolt
Load-bearing walls are the backbone of any home construction, providing crucial structural support that carries the weight of the house above. For companies like Brick and Bolt Mysore and Bricknbolt Faridabad, understanding and properly implementing these elements are key to constructing safe and durable buildings.
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
Contact With Vinra for a Greener Future >>> Call us @ 888 4898 765
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
Green Homes, Islamabad Presentation .pdfticktoktips
Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...JagadishKR1
Immerse yourself in the epitome of luxury living at Urbanrise Paradise on Earth. These opulent 4 BHK villas, nestled off the prestigious Kanakapura Road in Bangalore, redefine elegance and sophistication. With meticulous craftsmanship, breathtaking design, and unparalleled amenities, Urbanrise Paradise on Earth offers a sanctuary where every moment is infused with luxury and serenity. Experience a life of grandeur and indulgence at this exclusive residential enclave.
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...
Texas housing market 2016
1. Dr. James P. Gaines
Chief Economist
February 12, 2016 · Federal Reserve Bank of Dallas
2. Macro Housing Issues
• Demographics: growing, shifting
• Affordability: workforce priced out of
ownership
• Capital: more equity
• Infrastructure: transportation, education,
utilities
• Development: Design, Density, Resources and
Processes
• Regulatory: lending; environmental; land use
• Federal
• State
• Local Growth Controls/Initiatives
4. 2016 National Housing Market
• Mortgage Rates: up ~0.5% over the year (4% 4.5%)
• Household Formations: ~1.25 million
• Rental Market: tight, low vacancies, higher rents
• Owner Market: sales volume and prices up ~5%
• Increased first-timers, millennials more active
• Single-family Rental: organized SF rental market
with institutional owners
• Home Construction: builders focused on design,
density, resources and processes
• Affordability: prices and rents increasing faster than
incomes – eventual constraint on market
11. Mortgage & Tenure Status of
Homes in Texas 2005 & 2014
2005 2014
Number of
Homes
Percent
of Total
Units
Number of
Homes
Percent
of Total
Units
Total Housing Units 9,026,011 10,426,760
Total Occupied Units 7,978,095 88.4% 9,227,197 89.0%
Total Renter-Occupied Housing
Units 2,815,491 35.3% 3,602,956 38.8%
Total Owner-Occupied Housing
Units 5,162,604 64.7% 5,674,241 61.2%
O-O units with a mortgage 3,237,790 62.7% 3,307,196 58.3%
O-O units without a mortgage 1,924,814 37.3% 2,367,045 41.7%
Source: U.S. Census Bureau, 2006 American Community SurveySource: U.S. Census Bureau, 2005 & 2014 American Community Survey
13. Texas Monthly Home Sales & WTI Price/bl
January 1986 to Present
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
22,000
24,000
26,000
28,000
30,000
32,000
34,000
$0 $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 $110 $120 $130 $140 $150
1986-1989
1990-1995
1996-1999
2000-2005
2006-2009
2010-2015
Source: EIA; Real Estate Center at Texas A&M University
WTI Spot Price FOB Cushing, OK
Dec. ’15 1st month < $40 since Feb ‘09
14. 2015 Home Sales and Median
Prices by Metro Areas
3.4%
9.1%
-2.5%
7.6%
10.7%
5.2%
3.8%
7.3%
7.1%
6.7%
9.8%
1.1%
11.3%
8.9%
-4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0%
Texas
San Antonio
Houston
Fort Worth
El Paso
Dallas
Austin
Median Sales Price Sales Volume
Source: Real Estate Center at Texas A&M University
21. Texas Monthly Median Home Price
$70,000
$90,000
$110,000
$130,000
$150,000
$170,000
$190,000
$210,000
$230,000
Jan-95
Jul-95
Jan-96
Jul-96
Jan-97
Jul-97
Jan-98
Jul-98
Jan-99
Jul-99
Jan-00
Jul-00
Jan-01
Jul-01
Jan-02
Jul-02
Jan-03
Jul-03
Jan-04
Jul-04
Jan-05
Jul-05
Jan-06
Jul-06
Jan-07
Jul-07
Jan-08
Jul-08
Jan-09
Jul-09
Jan-10
Jul-10
Jan-11
Jul-11
Jan-12
Jul-12
Jan-13
Jul-13
Jan-14
Jul-14
Jan-15
Jul-15
Jan-16
Source: Real Estate Center at Texas A&M University
Median Price on Trend
22. Texas Average & Median Home Prices
12-Month Moving Average
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
$260,000
$280,000
$300,000 Jan-99
Jul-99
Jan-00
Jul-00
Jan-01
Jul-01
Jan-02
Jul-02
Jan-03
Jul-03
Jan-04
Jul-04
Jan-05
Jul-05
Jan-06
Jul-06
Jan-07
Jul-07
Jan-08
Jul-08
Jan-09
Jul-09
Jan-10
Jul-10
Jan-11
Jul-11
Jan-12
Jul-12
Jan-13
Jul-13
Jan-14
Jul-14
Jan-15
Jul-15
Jan-16
22
Source: Real Estate Center at Texas A&M University
Average Price
Median Price
Since Jan 2013, average
price is up 20.9% & median
price is up 26.0%
23. Texas Median HH Income & Median
Home Price Indexed to 1989
80
90
100
110
120
130
140
150
160
170
180
190
200
210
220
230
240
250
260
270
280
290
300
80
90
100
110
120
130
140
150
160
170
180
190
200
210
220
230
240
250
260
270
280
290
300
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015e
Source: U.S. Census Bureau; Real Estate Center at Texas A&M University
Real HH Income
Nominal HH Income
Median Home Price
24. Texas Households by Highest
Affordable Price
1,682
858
689
644
576
526
893
645
1,007
602
538
450
0 500 1,000 1,500 2,000
<$70,000
$70,000-$99,999
$100,000-$124,999
$125,000-$149,999
$150,000-$174,999
$175,000-$199,999
$200,000-$249,999
$250,000-$299,999
$300,000-$399,999
$400,000-$499,999
$500,000-$749,999
>$750,000
Thousands of Households
Source: US Census Bureau 2013 American Community Survey; Real Estate Center at Texas A&M University
18.5%
9.4%
7.6%
7.1%
6.3%
5.8%
9.8%
7.1%
11.1%
6.6%
20% down; 4.15% interest; 35%
qualifying ratio; and 5.5% taxes,
insurance & utilities
5.9%
4.9%
~43% of Texas HHs cannot afford
home priced > $150,000
25. Texas Households by Highest
Affordable Price
1,802
494
1,117
671
577
538
886
636
996
519
432
443
0 500 1,000 1,500 2,000
<$70,000
$70,000-$99,999
$100,000-$124,999
$125,000-$149,999
$150,000-$174,999
$175,000-$199,999
$200,000-$249,999
$250,000-$299,999
$300,000-$399,999
$400,000-$499,999
$500,000-$749,999
>$750,000
Thousands of Households
Source: US Census Bureau 2013 American Community Survey; Real Estate Center at Texas A&M University
19.8%
5.4%
12.3%
7.4%
6.3%
5.9%
9.7%
7.0%
10.9%
5.7%
10% down; 4.15% interest; 35%
qualifying ratio; and 5.5% taxes,
insurance & utilities
4.7%
4.9%
~45% of Texas HHs cannot afford
home priced > $150,000
26. Texas Households by Highest
Affordable Price
1,885
927
730
678
589
530
867
660
956
465
385
438
0 500 1,000 1,500 2,000
<$70,000
$70,000-$99,999
$100,000-$124,999
$125,000-$149,999
$150,000-$174,999
$175,000-$199,999
$200,000-$249,999
$250,000-$299,999
$300,000-$399,999
$400,000-$499,999
$500,000-$749,999
>$750,000
Thousands of Households
Source: US Census Bureau 2013 American Community Survey; Real Estate Center at Texas A&M University
19.8%
5.4%
12.3%
7.4%
6.3%
5.9%
9.7%
7.0%
10.9%
5.7%
3% down; 4.15% interest; 35%
qualifying ratio; and 5.5% taxes,
insurance & utilities
4.7%
4.9%
~46% of Texas HHs cannot afford
home priced > $150,000
27. December Closed Sales Texas MSAs
Y/Y Percent Change
Source: MetroTex; Texas Realtor®
Data Relevance Project, Real
Estate Center at Texas A&M
University
Dec. Sales +6%
YTD Sales +4%
28. December Average Sales Price/Sq.Ft.
Y/Y Percent Change
Source: MetroTex; Texas Realtor®
Data Relevance Project, Real
Estate Center at Texas A&M
University
Dec. P/SF +4%
YTD P/SF +6%
Md. Pr. YTD +7%
29. Dr. James P. Gaines
Chief Economist
February 12, 2016 · Federal Reserve Bank of Dallas
