{"id":75639,"date":"2020-04-24T11:13:00","date_gmt":"2020-04-22T15:00:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-texas-home-sales-increase-in-first-quarter-of-2020-covid-19-creates-uncertainty-for-second-quarter\/"},"modified":"2020-04-24T11:15:02","modified_gmt":"2020-04-24T15:15:02","slug":"las-ventas-de-viviendas-en-texas-aumentan-en-el-primer-trimestre-de-2020-covid-19-genera-incertidumbre-para-el-segundo-trimestre","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/las-ventas-de-viviendas-en-texas-aumentan-en-el-primer-trimestre-de-2020-covid-19-genera-incertidumbre-para-el-segundo-trimestre\/","title":{"rendered":"Texas home sales increase in first quarter of 2020; COVID-19 creates uncertainty for second quarter"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">AUSTIN, Texas<\/span>, <span class=\"xn-chron\">April 22, 2020<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; Home sales and median home prices across <span class=\"xn-location\">Texas<\/span> experienced a moderate increase in the first quarter of 2020, according to the 2020-Q1 <i>Texas Quarterly Housing Report<\/i> released today by Texas Realtors. Although this time period includes the beginning stages of the COVID-19 outbreak, the statistical representation of its impact on the <span class=\"xn-location\">Texas<\/span> housing market will be made more apparent in the second and third quarters of the year. <\/p>\n<div id=\"prni_dvprnejpge906left\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpge906left\" title=\"Texas Association of Realtors logo.\" border=\"0\" alt=\"Texas Association of Realtors logo.\" align=\"middle\" src=\"https:\/\/mma.prnewswire.com\/media\/175272\/texas_association_of_realtors_logo.jpg\" imagelabel=\"General\"\/><\/div>\n<p>&#8220;The housing statistics for the first three months of the year show the continuation of more than a decade of growth in the <span class=\"xn-location\">Texas<\/span> housing market,&#8221; said <span class=\"xn-person\">Cindi Bulla<\/span>, chairman of Texas Realtors. &#8220;However, the rapid growth of the global pandemic we are facing is poised to affect this momentum. Before this unprecedented event and the economic downturn and shelter-in-place orders, our biggest market concern was the lack of affordable housing to meet the tremendous demand.&#8221;<\/p>\n<p>During the first quarter of 2020, 75,052 homes were sold in <span class=\"xn-location\">Texas<\/span>, jumping 7% compared to the first quarter of 2019. Statewide, the median price increased 5.1% to <span class=\"xn-money\">$241,500<\/span>. Price class distribution showed that the largest percentage of homes sold across the state (33.8%) were in the <span class=\"xn-money\">$200,000<\/span>&#8211;<span class=\"xn-money\">$299,000<\/span> price range.<\/p>\n<p><span class=\"xn-person\">Jim Gaines<\/span>, Ph.D., chief economist with the Real Estate Center at <span class=\"xn-org\">Texas A&amp;M University<\/span>, commented, &#8220;Sales activity in the first quarter experienced strong momentum. However, as a result of COVID-19, many sellers have begun pulling their listings to wait out the quarantine. This will only add to our housing shortage and strained inventory availability. Sales are anticipated to drastically drop in Q2, as we&#8217;ll be comparing our market to the previous record-breaking year. In the long-term, there will be continued demand within the <span class=\"xn-location\">Texas<\/span> housing market as long as the job market is able to rebound quickly.&#8221;<\/p>\n<p>Active listings dropped 8.9% to 91,363 listings in the first quarter of 2020. <span class=\"xn-location\">Texas<\/span> homes spent an average of 67 days on the market during the same time frame, one day more than the first quarter of 2019. Housing inventory in <span class=\"xn-location\">Texas<\/span> decreased 0.5 months from 2019-Q1 to 3.0 months of inventory.<\/p>\n<p>Chairman Bulla concluded, &#8220;While these statistics will serve as an important historical reference and benchmark for future recovery, they don&#8217;t represent the full market impact of COVID-19.\u00a0The data for the second and third quarter of 2020 will be the market story, giving us a better look at the post-crisis implications on the <span class=\"xn-location\">Texas<\/span> housing market. The good news is we went into the disruption with positive velocity and will be ready to come out the other side with a swift recovery.\u00a0In the meantime, opportunities are everywhere, and we Texans always outperform expectations.&#8221;<\/p>\n<p><b>About the Texas Quarterly Housing Report<br \/><\/b>Data for the Texas Quarterly Housing Report is provided by the Data Relevance Project, a partnership among local\u00a0REALTOR\u00ae\u00a0associations and their MLSs,\u00a0and Texas REALTORS\u00ae, with analysis by the Real Estate Center at Texas A&amp;M.\u00a0The report provides quarterly real estate sales data for <span class=\"xn-location\">Texas<\/span> and 25 metropolitan statistical areas in <span class=\"xn-location\">Texas<\/span>. To view the report in its entirety, visit\u00a0texasrealestate.com <\/p>\n<p><b>About Texas REALTORS\u00ae <br \/><\/b>With more than 135,000 members, Texas REALTORS\u00ae is a professional membership organization that represents all aspects of real estate in <span class=\"xn-location\">Texas<\/span>. In 2020, Texas REALTORS\u00ae is celebrating a century of shaping <span class=\"xn-location\">Texas<\/span> by being the advocate for private property rights, maintaining the highest standards of professionalism, and providing its members with the tools to achieve success. Visit texasrealestate.com to learn more.<\/p>\n<p>Contact:<br \/><span class=\"xn-person\">Morgan Moritz<\/span><br \/><a target=\"_blank\" href=\"mailto:mmoritz@piercom.com\" rel=\"nofollow\">mmoritz@piercom.com<\/a><\/p>\n<p>Logo &#8211; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2782496-1&amp;h=3816934007&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F175272%2Ftexas_association_of_realtors_logo.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F175272%2Ftexas_association_of_realtors_logo.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/175272\/texas_association_of_realtors_logo.jpg<\/a> <\/p>\n<p>SOURCE  Texas REALTORS<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">AUSTIN, Texas<\/span>, <span class=\"xn-chron\">April 22, 2020<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; Home sales and median home prices across <span class=\"xn-location\">Texas<\/span> experienced a moderate increase in the first quarter of 2020, according to the 2020-Q1 <i>Texas Quarterly Housing Report<\/i> released today by Texas Realtors. Although this time period includes the beginning stages of the COVID-19 outbreak, the statistical representation of its impact on the <span class=\"xn-location\">Texas<\/span> housing market will be made&#8230;<\/p>\n","protected":false},"author":1,"featured_media":75640,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-75639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/75639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=75639"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/75639\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/75640"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=75639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=75639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=75639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}