Analyzing the SFR market in Houston

I come away from looking at the data that everything is relative. The declines from 2014 to 2015 are modest at best - and healthy in the long run. We were at such high levels in terms of sales and prices, a cooling off period could bring a much needed market adjustment.  

                          

    Oct 2013                          Oct 2014                             Oct 2015

-Foreclosure: 7%             -Foreclosure: 7%              -  Foreclosure: 5%                  

-Regular Resale: 67%     - Regular Resale: 66%      - Regular Resale: 73%

-REO  Sales: 8%             - REO Sales: 8%               - REO Sales: 6%

 - New Sales: 18%           - New Sales: 20%             - New Sales: 17%

                         

                         




















  Oct 2013             Oct 2014               Oct 2015
-Attached: 9%    -Attached: 8 %      -Attached: 8%
-Other: 8%         -Other: 8%             -Other: 8%  
-SFR: 84%         =SFR: 84%            -SFR: 84%

The fact in 2014 closings on homes above 1 million were 120 in comparison to 115 in 2015 highlights how modest the decline has been