Hurricanes Katrina Rita impact Houston area home sales drop
September real estate data from the Houston Association of Realtors shows single family home sales in Houston down 0.8 percent to 4,910 from 4,950 last year. Baytown sales fell 4 percent with 69 homes sold. Total Houston area property sales near 1.1 billion dollars, up 6.7 percent year over year, while year-to-date sales rise 8.5 percent.
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Houston market shows broad gains in September housing metrics
Houston area housing data for September reveals higher overall sales and rising price trends. Active listings rose to 43,767, up 1.5 percent year over year but dipping from August due to hurricane effects. Pending sales fell 8.1 percent from last year. Median price for single family homes reached 145,000 dollars, up 7.5 percent year over year, while the 191,827 dollar average rose 7.0 percent. Total single family sales slipped 0.8 percent to 4,910. nine month total stood at 49,271, up 8.6 percent from 2004. Existing single family sales totaled 4,316, up 2.0 percent, with a median of 140,000 and an average of 181,820 dollars, increases of 9.4 and 8.2 percent respectively.
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Wall Street gains narrowed by bombings
Wall Street's afternoon rally faded after bombings at three Jordan hotels, leaving stocks with marginal gains. Major names like Google and Marvel dropped, while the Dow inched up 6.49 points to 10546.21 as investors weighed terrorism fears, consumer spending, and revised forecasts from PepsiCo and Toll Brothers.
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