Category Archives: Residential

Existing Home Sales Increase Year-Over-Year for the Third Consecutive Month – Median Price Now Up 34 Consecutive Months Year-Over-Year

December existing home sales hit the 5+ million seasonally adjusted annualized sales rate (SAAR) for the sixth time in the past seven months as reported by the National Association of Realtors® (NAR). Sales were up 3.5 percent in December 2014 when compared to the same month a year earlier. Sequentially, sales were up 2.4 percent …Read more

Another Top-10 List — The Hottest Residential Markets

Things change. And they always will. Period. What was hot at one time may be cool at another. And Vice-versa. That encompasses from coffee to iced tea to real estate markets. From a residential real estate perspective, the relative performance of a local market is a function of current supply and demand relationships and expectations …Read more

Another Top-10 List — Most Expensive Apartment Markets

Stewart’s headquarters is located in the Galleria area of Houston. This past year from my office window I watched an upscale residential mid-rise structure go up. To my surprise, it is an apartment development rather than condominiums. The asking rent for a one bedroom apartment ranges from $2,124 to $2,824 per month for 847 to …Read more