Association News
Real estate associations support brokers in a number of ways, many of which take place behind the scenes. What’s happening at your local association? How are they serving their members? This monthly feature, penned by association leaders, offers the inside scoop on how associations small and large are helping to improve the industry.
Although Greater Houston’s real estate market remains steady, data from a new Houston Association of REALTORS® report shows that the current market is slightly cooler compared to 2021.
Despite Houston real estate’s robust performance last month, sales volume in April failed to keep up with the previous year’s historic pace.
Buyers in the Houston area need 26.9% more income than they did a year ago to afford a home, according to the Houston Association of REALTORS® (HAR) Housing Affordability Index.
New listing activity remained brisk in week 17 but trailed last year’s volume for a fourth consecutive week, providing little relief to inventory levels across Greater Houston.
New listings fell short of last year’s numbers in April, leaving Houston’s already-low housing supply even more depleted, according to a new report by the Houston Association of REALTORS®.
“Building your international brand is very feasible in Houston, America’s 4th largest and most diverse city.” — Susan Annoura, 2022 President, Women’s Council of REALTORS® Houston
Last week marked the sharpest decline of the year for new listings in Houston, according to the Houston Association of REALTORS® (HAR).
Houston’s rental market is more competitive than ever, with single-family rental home prices rising nearly 7% over the last 12 months, according to the Houston Association of REALTORS®.
After a much-needed boost last week, new listings plunged 10.3% year over year during the week ended April 11, according to the Houston Association of REALTORS® (HAR) weekly activity snapshot.
Realtors entered 3,001 properties into the Multiple Listing Service (MLS) in week 13. New listings were up 7.1% year over year, the greatest volume of new listings since week 32 of 2021, according to the Houston Association of REALTORS® (HAR) weekly activity snapshot.
Houston buyers saw the average home’s listing price climb to $414,555 in March, up 9.4% from last year’s $379,106. Pricing surpassed the previous high of $400,753 achieved in February, according to the Houston Association of REALTORS®.
“The AAPI community is undergoing a period of rapid growth, in sheer numbers and in cultural impact … At AREAA, we are proud and humbled to play our part in fostering progress that will lead to greater accessibility and opportunity for the growing AAPI community.” — Tim Hur, president of the Asian Real Estate Association of America
According to the Houston Association of REALTORS® weekly activity snapshot, Realtors entered 2,580 properties into the Multiple Listing Service in week 12, down 7.8% from the same week in 2021.
HistoryMaker Homes, Taylor Morrison, Empire Communities and ASGi Homes have joined the GHBA’s charity fundraiser, the Benefit Homes Project.
Despite supply challenges, Texas housing manufacturers are optimistic as the spring selling season approaches, according to the latest survey by the Texas Manufactured Housing Association.
Houston’s luxury market (homes priced above $1 million) saw higher-than-normal activity in February, with 33.5% more sales than during the same month in 2021. The most-expensive home sold in Houston last month was an 11,108-square-foot single-family home in the River Oaks Tall Timbers subdivision.