Posted on 09/21/2011 9:39:32 AM PDT by SeekAndFind
Foreclosure activity was up in August and 22.5% of mortgage borrowers were in negative equity (i.e. owe more on their mortgage than their home is worth) in the second quarter.
So, when the National Association of Realtors, reported that existing home sales surged 7.7% in August to 5.03 million annualized sales, it came as a huge relief.
Historically this number may be anemic, but in the current market, this was great news. So, we put together the 10 metros with the biggest gains in existing home sales and the median price of homes.
Note: All data is for existing single-family homes for August 2011
(Excerpt) Read more at businessinsider.com ...
Woo hoo...Houston #4 and D/FW #5, FWIW :)
$159,000 in a Houston suburb can get you a very nice newer 2750 AC house.
$159,000 in a Houston suburb can get you a very nice newer 2750 AC house.
$159,000 in a Houston suburb can get you a very nice newer 2750 AC house.
Make that SF house.
Hee hee...I thought you might’ve been talking about an air conditioned house...which you definitely want in Houston ;)
Just because house sales in general are up doesn’t mean the real estate economy is recovering.
A house in Houston without air conditioning is also known as an oven.
A house in Houston without air conditioning is also known as an oven.
Someone please just list them here so we don’t have to give the Leftist douchebags at Business Insider more traffic.
Texas home prices never dropped. They rose. Contruction never slowed down. Property tax continued to rise, rise, rise.
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