Home sales improve across country, surge in Houston

Houston homes remained hot tickets in July, as the sales rate of single-family homes spiked 27 percent.National sales of newly built homes increased in July from the previous month, which could ultimately result in a untick in property construction activity throughout Houston in the near future.The sales rate surged 3.6 percent from June to an annualized rate of 372,000 units, according to a report from the Department of Housing and Urban Development. This improvement has been recognized by a number of industry groups, such as the National Association of Home Builders, as an indicator of the housing market's recovery.??”Sales of new homes in July returned to the same solid pace they set in May, which was the fastest sales rate we’d seen in more than two years,” said NAHB chairman Barry Rutenberg.Regionally, the Northeast experienced the largest month-over-month gain, while the South reported a 9.1 percent increase from a year earlier.Houston homes remained hot tickets in July, as the sales rate of single-family homes spiked 27 percent from the previous year, according to a report from the Houston Association of Realtors. As a result of the increased activity, average prices appreciated 3.7 percent to $231,484, which is well above the national average.??? Real Estate News brought to you by 2M Realty, a true expert in the online real estate market.

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