HAR MLS Report – March 2009

HOUSTON — (April 21, 2009) — Declines in the sales and pricing of homes throughout the greater Houston area eased in March, matching a trend that the Federal Reserve noted in several markets around the country in its Beige Book survey released last week. Overall March property sales fell 18.9 percent and sales of single-family [...]

Economic Report – April 13, 2009

Market Review  ►A LOOK BACK – Last week the release of the minutes from the March FOMC meeting showed that policymakers lowered their economic outlook for the remainder of 2009 which explains their actions of agreeing to buy $300 billion of longer-term Treasury notes and $750 billion in mortgage-backed securities. Wells Fargo reported stronger than [...]

MLS Report for February 2009

HOUSTON — (March 17, 2009) — February marked another month of sagging real estate sales and pricing for the greater Houston area, following to a milder degree the trends that have played out around the country since the recession began more than a year ago. Overall February property sales fell 25.9 percent compared to February [...]