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Katy Texas Real Estate Market February 2017

Katy Texas home sales rose 13 percent in February, besting the 4 percent increase in sales activity in the general Houston area. Sales of new construction were also slightly higher in February compared to the leap year month of last year. Despite one less day for the year-over-year comparison, sales volume was still in positive territory. It appears more buyers …

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Katy Texas Real Estate Market January 2017

Katy home sales fell 10 percent year-over-year in January as the mean reversion continued to take shape in the Houston area real estate market. Houston as a whole saw home sales volume that was up about 1 percent. Sales of new construction declined in January, falling 5 percent within Katy ISD and down 4 percent in Houston. Single-family home prices …

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Katy Texas Real Estate Market December 2016

Katy Texas real estate finished out 2016 much like it started, with sales volume stagnating amid diminished affordability and increasing inventory. Home sales within Katy ISD declined seven percent during December while Houston area home sales rose about 3 percent. New home closings within Katy ISD were down 28 percent compared to December of 2015 while new home sales fell …

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Katy Texas Real Estate Market November 2016

Katy Texas homes were flying off the shelf in November as buyers hedged election year uncertainty and locked in their relocation plans. Compared to November of last year sales volume in the Katy area was up by 19 percent. Sales in Houston as a whole rose by 21 percent year-over year. New home sales in the Houston area rose by 24 …

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Mortgage Purchase Applications Stall With Higher Rates

Mortgage purchase applications took a nose dive in the latest MBA weekly survey. According to the Mortgage Bankers Association total mortgage applications decreased 9.4 percent for the week ended November 25, 2016. The mortgage refinance index fell 16 percent from the previous week. The unadjusted purchase index fell 34 percent from the previous week. The unadjusted purchase index is now …

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Katy Texas Real Estate Market September 2016

Home sales slowed throughout the Houston area in September, and the Katy Texas housing market was particularly soft during the month. While Houston homes sales volume declined  2 percent compared to last year, Katy saw a 7 percent year-over-year decline in sales volume. Closings of new construction in Katy dropped 28 percent compared to September of last year. On top …

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Katy Texas Real Estate Market July 2016

The Katy Texas real estate market received a wake-up call in July as the brisk sales during the start of the summer selling season collapsed back to the overlying trend for the year. That trend has been a continued stagnation of sales with deflating prices. After the nice bump in activity we experienced during May and June, July home sales …

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Katy Texas Real Estate Market May 2016

The local real estate market was active in May, as home sales rose throughout the Houston area. Sales volume of single family homes in Houston rose by 8 percent compared to last year, while Katy saw sales increase by thirteen percent. Fort Bend County saw sales volume increase roughly 5 percent YoY. New construction sales also saw improved in May …

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Katy Texas & West Houston Real Estate Market – September 2015

Katy’s housing market was hanging tough in September, but the latest data shows the local real estate market is rolling over. Single-family home sales within Katy ISD were 8 percent lower compared with the same month last year. New construction sales within Katy ISD dropped 20 percent YoY. While local home prices have continued to eke out year-over-year gains, pressure …

Statistical Estimation Turns Negative YoY March Home Sales Into A Headline Used By HCAD

All truths are easy to understand once they are discovered; the point is to discover them.” Galileo Galilei I have been working on some charts to analyze the “statistical estimation” element used by the Houston Association of Realtors which somehow turned negative YoY March home sales into a 3.8 percent gain. As of lunch today, my MLS data was showing …