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Spring Texas Real Estate Market Reports Category

Spring Texas Real Estate: Market Report January 2011

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What’s going on with the Spring Texas Real Estate Market?  Sales and pending sales are up over January 2010.  Not significantly up but they are still up.  Considering that last year at this time the Spring Texas real estate market was being artificially stimulated by home buyers tax credits an increase albeit a small one over January 2010 is significant.   Retailers holiday sales indicated an increase in consumer confidence and now we are starting to see the impact of the increase in consumer...Continue Reading!

Spring Texas Real Estate Market 2010

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With the year 2010 squarely in the rear view mirror, it's time to recap the Spring Texas real estate market for 2010 and make some predictions for 2011. Highlights of the Spring Texas real estate market for 2010: Demand pushed forward - The $8,000 first time homebuyers tax credit pushed demand forward into the first half of 2010. Minimum credit scores and down payments increase - The majority of lenders increased their minium credit scores for FHA loans from 580 to 640. The minimum down payments on FHA loans...Continue Reading!

Spring Texas Real Estate: Market Report November 2010

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What’s going on with the Spring Texas Real Estate Market?  To compare last November's sales numbers to this November's sales numbers doesn't seem quite fair.  As last November, first time home buyers were scrambling to get homes under contract before the expiration of the home buyers tax credit resulting in a spike in sales.  This November the government is not handing out any free money to home buyers resulting in sales being down 37% compared to last year.  Our YTD home sales for the Spring...Continue Reading!

Spring Texas Real Estate: Market Report October 2010

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What’s going on with the Spring Texas Real Estate Market?  With the elimination of the artificial stimulus caused by the home buyer tax credits, the Spring Texas real estate market continues its downward trend.  August YTD home sales were down 5%. September’s YTD home sales were down 6% and now October's YTD homes sales are down 7% over 2009.    We will continue to see the downward trend to increase at least through November.  As it was in November 2009 that the first home buyer tax credit was...Continue Reading!

Spring Texas Real Estate: Market Report September 2010

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What’s going on with the Spring Texas Real Estate Market?  With the elimination of the artificial stimulus caused by the home buyer tax credits, the Spring Texas real estate market continues its downward trend.  July's YTD home sales were down 4%. August YTD home sales were down 5% and now September's YTD home sales are down 6% over 2009.    We will continue to see the downward trend to increase at least through November.  As it was in November 2009 that the first home buyer tax credit was scheduled...Continue Reading!

Spring Texas Real Estate: Market Report August 2010

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What’s going on with the Spring Texas Real Estate Market?  Earlier in the year our YTD home sales were higher than in 2009 due to the home buyer tax credits.  Now that the tax credits have expired, the real estate market is having to live without artificial stimulates.  And with high unemployment rates, low consumer confidence, and tighter lending requirements, the real estate market is naturally going to have less sales.  July's YTD home sales were down 4% and now August's YTD...Continue Reading!

Spring Texas Real Estate: Market Report July 2010

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What’s going on with the Spring Texas Real Estate Market?  The market looks a lot like last year in terms of YTD sales.  As YTD home sales are down only 4% compared to 2009.  Home prices are remaining stable with minimal changes.  Minor decreases in sales activity and stable home prices usually means good news to home sellers.  But not this year as there are 32% more sellers wanting to sell their Spring Texas homes than last year. The increased competition...Continue Reading!

Spring Texas Real Estate: Market Report June 2010

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What’s going on with the Spring Texas Real Estate Market?  It can be summed up with one word "SLOW".  The usually busy summer selling season is anything but that with year over year pending sales being down 30%.  Sales for the month were down a much smaller percentage than pending sales due to the lingering effect of the federal home buyer tax credits.  Buyers had to be in contract by April 30th to meet the tax credit deadline but they had until June 30th to...Continue Reading!

Spring Texas Real Estate: Market Report May 2010

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What’s going on with the,  Spring Texas Real Estate Market?  The expiration of the federal home buyers tax credits generated a 27% increase in May's sales versus the prior year.  The expiration of the tax credits also impacted the pending sales but in the opposite direction with a 11% decrease.  Active Listings are up 15% over the prior year.  Although the federal tax credits have expired, their impact will continue to be felt on the Spring Texas real estate market through out the summer. With buyers having...Continue Reading!

Spring Texas Real Estate: Market Report April 2010

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What’s going on with the Spring Texas Real Estate Market?  Fueled by the last minute rush from buyers wanting to take advantage of the tax credits before there expiration on April 30th, home sales for the month were 27% higher than April 2009.  While the prior year's month over month showed a significant increase, there was no corresponding increase over the prior year's YTD sales figure. The YTD average sales price and median sales price are slightly higher but not due to price appreciation.  The increase...Continue Reading!