1. Houston Has Some of the Nation’s
Newest Housing
• Houston is among a number of Texas cities to rank high on the list
of metros with the newest housing stock.
• With 11.81 percent of its housing stock built since 2005, the
Houston-Sugar Land-Baytown area ranks No. 10 on the list
Business Journals’ “On Numbers” compiled from U.S. Census
Bureau data. The list compares the top 100 markets nationwide,
and the most recent data available is from 2010.
• Austin-Round Rock-San Marcos tops the list with 14.97 percent of
its housing built since 2005, McAllen-Edinburg-Mission is No. 2 with
14.96 percent, San Antonio-New Braunfels is No. 8 with 12.12
percent, and Dallas-Fort Worth-Arlington is No. 17 with 10.09
percent.
• Meanwhile, 23.02 percent of Houston’s housing stock was built
before 1970, ranking it No. 86 by that measurement.

2. Mortgage Rates Hit New Low
• Mortgage rates hit record lows in the week ending June 7, with the
30-year fixed-rate mortgage average declining to 3.67% from 3.75%
in the prior week, Freddie Mac said Thursday in its weekly report.
• The rate was 4.49% a year earlier.
• "Fixed mortgage rates reached new record lows for the sixth
consecutive week as long-term Treasury bond yields declined
further following downwardly revised economic growth and job
creation data," said Frank Nothaft, Freddie Mac's chief economist.
• The 15-year fixed-rate mortgage also hit a record low in the most
recent week, falling to 2.94% from 2.97% in the prior week.
• Meanwhile, the average rate on the 5-year Treasury-indexed hybrid
adjustable-rate mortgage remained at 2.84%.
• The 1-year Treasury-indexed ARM rose to 2.79% from 2.75%.

3. Weekly HAR Market Stat
Market metrics are in the midst of seasonal peaks and valleys this time of year.
Listings, sales and prices all tend to reach pinnacles on the historical trend line, while
market times generally take a dip to annual lows. Summer is historically an exciting
time for real estate. Between vacations to see family and friends and the crush of
wedding weekends, Americans manage to find the time to buy and sell real estate. The
last several years have been rough, no doubt, but an undeniable gleam has returned to
the marketplace this year, and summer brings with it a certain extra swoon.
In the Houston region, for the week ending June 17:
• New Listings decreased 0.6% to 2,383
• Pending Sales increased 35.1% to 1,762
• Closed Sales increased 7.4% to 1,414

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Date: Thursday, July 12
Time: 1 – 3 p.m.
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Investment: $25
Register at www.har.com/edu Questions? 713-629-1900 ext. 6