Michael Banh

Champions Real Estate Group

2323 S. Voss Rd Suite 120
Houston, TX 77057


Cell: 281-701-7666   
Phone: (281) 701-7666 
Fax: (800) 779-8114

Housing Trends

November 2016

View archives

What’s the value of
your home?

Use our tools
to find out

Neighborhood reports

Market Snapshot

Get a detailed report showing market trends in your neighborhood, including recent listings, sales prices and average time on market.

Get a report

Community reports

Powered by realtor.com®

Enter a ZIP code to create a report. Enter a second ZIP to compare two communities.

View statistics on population, education, housing, transporation, income, employment, net worth, cost of living and climate.

Compare amenities such as public services, places of worship, recreation and leisure facilitles, shopping and restaurants.

Get a report
MoveOneform

Find a Mover

Find a Mover

Type of Move

Move date

Moving From Zip

Moving To Zip

Size of Move


Mortgage rates

Powered by thefinancials.com

Mortgage calculator

Market Snapshot

Get a detailed report showing market trends in your neighborhood, including recent listings, sales prices and average time on market.

Get a report

Rent vs buy

How big is an acre? What is an option?
Do I need hazard insurance?

Take a look at our real estate glossary to learn definitions of common words and phrases used in the industry.

Learn more

National market update

Existing-Home Sales Jump Again in October

WASHINGTON (November 22, 2016) — Existing-home sales ascended in October for the second straight month and eclipsed June's cyclical sales peak to become the highest annualized pace in nearly a decade, according to the National Association of Realtors®. All major regions saw monthly and annual sales increases in October.



Read more

The 5 Real Estate Trends That Will Shape 2017

We won’t pretend to know everything that 2017 will bring—heck, 2016 sure surprised us—but we’re pretty certain there will be changes. A lot of them. And while the surprise triumph of Donald Trump in the presidential election won’t alter the fundamentals shaping the 2017 real estate market, its impact is already being felt.



Read more

National housing indicators

Existing home sales (Oct)

5.60 millions units*

Existing home median price (Oct )

$232,200

Housing Starts (Oct)

1.323 millions units*

New home sales (Sept)

0.593 millions units*

*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.

National economic indicators

Home ownership

3rd Quarter 2016

+63.5%

3rd Quarter 2015

+63.7%

The homeownership rate of 63.5 percent was not statistically different from the third quarter 2015 rate (63.7 percent) and 0.6 percentage points (+/-0.4)* high than the second quarter 2016 rate(62.9 percent).

New home sales

Oct 2016

-1.9%

Sept 2016

+3.1%

Sales of new single-family houses in October 2016 were at a seasonally adjusted annual rate of 563,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.9 percent (±13.1%)* below the revised September rate of 574,000, but is 17.8 percent (±16.9%) above the October 2015 estimate of 478,000.

Source: U.S. CENSUS BUREAU

How much is your home worth? Get a real-time report on the value of your home. Start now

Regional market updates

View market statistics for your region.

Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.

Michael Banh

Home Ownership matters…to people, to communities, and to America. Why? • For every two homes sold, one job is created in the U.S. • Each purchase generates as much as $60,000 in economic activity over time. Read more

Buying is now cheaper than renting in 74 percent of the nation’s largest cities. Low home prices and “rock-bottom” interest rates as well as tax advantages of homeownership are the reasons why it’s now cheaper to BUY a 2-bdrm home than to rent one. Check out this CNN Money article with the details. Read more

Disclaimer: The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of Move,Inc.

Consumer tips & hot properties

Image

These Might Be the 10 Biggest Bargain Real Estate Markets in the Country

They've got job opportunities and appealing lifestyles—but these metropolitan centers aren't experiencing crazy competition from other home buyers.


Read more

Image

Your Top Fears About Home Buying—Debunked!

Yes, homeownership can be scary. But it's also a smart financial move for many people. Let's take a look at the top concerns.


Read more

Image

13 Sale-Killing Mistakes to Avoid With Real Estate Listing Photos

Learn from the errors of others, and enjoy a laugh at these terrible real-life listing photos.


Read more

Image

Bad Credit? Don't Give Up Hope of Owning a Home

Yes, it is possible to get a mortgage loan, even if your track record of paying off debts isn't stellar.


Read more

Image

5 Things to Never, Ever Buy at Costco

Warehouse stores can offer big bargains when you buy in bulk, but those "deals" are not always worth the money.


Read more

Existing Home Statistics

View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.