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Single-Family Home Sales Up 6% in Texas: Report

The Lone Star State by and large boasted signs of strength in housing in February, with single-family home sales ticking up 6 percent in the fourth quarter last year.

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The ""Texas Association of Realtors"":http://www.texasrealestate.com/ revealed a blend of varying averages for home sales and values in a quarterly housing report it released this week.

Citing several sources, the association found home sales lifting by 12 percent in February, with average prices declining 0.7 percent. It said that sales in Houston and Dallas each rose and fell by 1 percent.

""Even though prices are relatively stable, realtors and homeowners alike are getting ready for the 2012 real estate season, and with more people shopping for houses, more people will also be shopping for loans,"" the association said in a statement.

""A flat Texas market isn't bad news for homeowners,"" the association said, adding: ""With the number of Texas homes sold on the rise, some real estate agencies are even speculating that the 2012 real estate season will mark the end of the housing market recession.""

Earlier Friday, the ""Commerce Department"":http://www.commerce.gov/ reported new-home sales falling 1.6 percent nationally in February.

About Author: Ryan Schuette

Ryan Schuette is a journalist, cartoonist, and social entrepreneur with several years of experience in real-estate news, international reporting, and business management. He currently lives in the Washington, D.C., area, where he freelances for DS News and MReport.
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