Real Estate News & Insights: Home Sales Surge in November

1. The EDGEInformation and news that gives you an edge in the real estate business • Home Sales Surge in November • YPN’s Exclusive 2017 Houston Market Insights With Dr. Ted C. Jones • Supra Lockbox Exchange Winds Down • Houston Market Movements • CMAs in a Flash In This Week’s “The EDGE” “The Edge” is a weekly tool for managers to use to inform their agents and stay current and up-to-date with important real estate industry issues. Brought to you by the HAR Communications Department.

2. Home Sales Surge in November • HAR will release November 2016 MLS statistics this Wednesday, and here is an early look at some highlights of the monthly report : • Home sales across greater Houston jumped nearly 23 percent year-over-year in November, with a total of 5,706 single-family units sold versus 4,651 in November 2015. • The single-family home median price rose 8.3 percent to a November high of $222,000, while the average price increased 7.2 percent to $281,671 – also a November high. • Months of inventory grew to a 3.6-months supply compared to a 3.4-months supply in November 2015. Housing inventory nationally stands at a 4.3-months supply, according to NAR. • Rentals of single-family homes rose 3.2 percent year-over-year, and the cost of renting those homes increased slightly to $1,724. • For more detailed information, please visit the HAR Online Newsroom for this and all other HAR news releases. The EDGEInformation and news that gives you an edge in the real estate business

3. YPN’s Exclusive 2017 Houston Market Insights With Dr. Ted C. Jones The EDGEInformation and news that gives you an edge in the real estate business January 11, 2017 11:30 a.m. Norris Conference Center –CityCentre $25 Individual • $300 Table of 10 Info: Roz@har.com Register at WWW.HAR.COM/EDU Ticket price non-refundable, transferable. Complimentary parking on roof level only.

4. Supra Lockbox Exchange Winds Down The EDGEInformation and news that gives you an edge in the real estate business • Thanks to all our members who stepped up to help HAR and Supra successfully swap out over 65,000 lockboxes. • In order for members to take advantage of new Bluetooth features in the Supra system, it is necessary to discontinue use of all old iBoxes prior to the end of the year. • Beginning January 1, 2017, a $100 fine will be imposed for the continued use of an old Supra iBox on an active listing.  • Please ensure your active listings no longer utilize old Supra iBoxes so that cooperating agents may continue to access the property.

5. Houston Market Movements This has proven to be a steady year for buying and selling activity in residential real estate markets across the United States. Although inventory declined and prices increased throughout 2016, it has been a rather strong year, and many predict that 2017 will remain about the same, provided that inventory holds steady, unemployment rates continue to fall and mortgage rates remain low. In the Houston region, for the week ending December 4: • New Listings increased 4.5% to 1,953 • Pending Sales increased 18.6% to 1,493 • Closed Sales increased 12.2% to 1,864 The EDGEInformation and news that gives you an edge in the real estate business

6. CMAs in a Flash Online Webinar: Quickly Generate Pricing Recommendations Using the HAR Instant CMA App This webinar includes an overview of HAR’s Instant CMA app. This overview of the CMA feature will allow you to quickly and efficiently create a comparative market analysis for your clients from a desktop or any Internet-enabled mobile device.  Date: Wednesday, December 14 Location: Online Time: 10 to 11 a.m. Investment: Free Register at www.har.com/edu Questions? Call 713.629.1900 ext. 6 The EDGEInformation and news that gives you an edge in the real estate business