July 2, 2012
The following real estate market snapshot was sent to all members of the Ebby Halliday Companies by President & CEO Mary Frances Burleson. It was so great, we thought we would share with you also:
The National Association of Homebuilders builder sentiment index rose in June to its highest reading since May 2007. (Dallas Morning News June 19, 2012)
The National Association of Realtors’ reported “pending home sales activity stood at its highest level since May 2006 when the housing bubble peaked”. (The Wall Street Journal, June 28, 2012)
The Standard & Poor’s/Case-Shiller home price index showed increases in 19 of the 20 cities tracked. That is the second straight month prices have risen in a majority of U.S. cities. (S&P Dow Jones Indices)
Three of the “Top Seven Most Business-Friendly Cities in the Nation” are in Texas according to a recent Thumbtack survey of more than 6,000 small businesses. The survey cited low state taxes and recent tort reform as conditions conducive to business formation. (CNN Money/Fortune)
“There’s no doubt that the market in Texas and in most of our major metropolitan areas in Texas is definitely picking up,” said Real Estate Center Research Economist Dr. Jim Gaines on this week’s Real Estate Red Zone podcast. “Sales have picked up. The year-to-date is up 13 percent, which is very, very good.” (Real Estate Center at Texas A&M)
The Dallas / Fort Worth area was recently cited as “the Second Most Business-Friendly City in the Nation” according to a recent Thumbtack survey of more than 6000 small businesses. The survey cited low state taxes and recent tort reform legislation as conditions conducive to business formation. (CNN Money/Fortune)
NTREIS MLS sales volume year-to-date through May 2012 is up 12% over the same period in 2011
EBBY HALLIDAY COMPANIES
Sales volume year-to-date through May 2012 is up 14% over the first five months of 2011.
Homes are selling much more quickly, with the average days-on-market in May falling to 70.
Ebby Halliday Companies’ Associates have sold 1,000 more homes through the first five months of 2012 than in the first five months of 2011.