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Feb 13

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2013 Texas Housing Market – “Smoking”

dr dotzourThe 2013 Texas Housing Market according to Dr. Mark Dotzour at the Texas A&M Real Estate center was “Smoking”.  Click here for article.  Dr. Dotzour’s salient points include:

  1. Residential transaction volume in Texas was 275,829 homes sold, up 16% from 2012 and 35% higher than 2010.
  2. 2013 housing sales were the second highest volume in Texas history (2006 was previous high).
  3. Dollar volume of sales hit record high at $62.1 billion.
  4. Average home sold sales price was at a record $225K high – up 9% over 2012.

In summary Dr Dotzour notes that the constants of – job growth, low mortgage rates and positive home price appreciation made the 2013 market strong and that with continued job growth and price appreciation 2014 should continue to be strong – even if mortgage rates increase.

Permanent link to this article: http://atxre.com/2013-texas-housing-market-smoking/

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