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Recent Data released this week….the market is turning…..while we are not out of the woods yet, and we will bump along the bottom for the remainder of 2009, the days of the ‘buyer’s market’ are numbered……
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- Sales of newly constructed single-family homes rose 11% over last month – CNN Money
- Houston and Dallas-Fort Worth are the TOP markets in the country for building permits for single-family homes, based on numbers for the 12-month period ending in May. And Texas had more homebuilding permits than California and Florida combined. Houston had almost 22,000 permits, and more than 15,000 were recorded in the Dallas-Fort Worth area. – California-based John Burns Real Estate Consulting
- Existing-home sales rose for the third consecutive month with inventory easing and home prices declining less sharply – NAR
- Existing home prices increased for the third month in a row in Dallas Ft. Worth – up 1.87% for the 3 months ending in May – S&P Case Shiller Index
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