Current Market Data

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Luxury homes prices up nearly 8 percent in the first quarter

Luxury home prices rise nearly 8 percent to average sales price of $1.8 million in the first quarter of 2018, according to a new report from Redfin. An analysis of over 1,000 cities by Redfin indicates prices of the top five

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Houston home market rebounds in April

April home sales saw a 7 percent jump as prices hit new highs, according to the latest report from the Houston Association of Realtors. Single-family home sales grew to 7,070 units sold, up from 6,611 units sold last year,

Houston’s number of ‘super commuters’ explodes

Residents of modest means increasingly can’t afford to live in major urban centers, and the result is taking a toll on our highways and commutes. As more people seek cheaper housing away from inner cities, the number of “super

Homeownership continues to trend upward

The homeownership rate in the U.S. is trending upward, retaining the same 64.2 percent rate in the first quarter of 2018 as the last quarter of 2017, according to the Census Bureau’s Housing Vacancy Survey (HVS). The current rate

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NAHB: Nearly half of those planning to buy a home this year are first-time buyers

Nearly half of those who are planning to buy a home this year are first-time homebuyers, according to the first edition of Housing Trends Report (HTR) from the National Association of HomeBuilders. The survey found that 17 percent of respondents

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Buyers show increasing interest in sustainable homes

Sustainable and eco-friendly homes are becoming increasingly desirable to homebuyers. In a recent survey from the National Association of Realtors’ Sustainability Program, Realtor respondents reported that the majority of homebuyers — 61 percent — are interested in green living. Additionally, 71 percent say

March existing home sales growing but still seeing constraints

March marked the second straight month of increases for existing-home sales in the country. Total existing-home sales rose 1.1 percent to an annual rate (seasonally adjusted) of 5.60 million, up from 5.54 million in February, according to NAR’s most recent

Houston neighborhoods that gained the most value

Though Houston is one of the biggest and most diverse metro areas in the country with relatively affordable housing options, some neighborhoods have consistently gained value over the past 18 years. By analyzing over 400,000 Houston home sales since

RE/MAX: Most of the country is a seller’s market

Those buying a home in the U.S. are facing difficulties as housing prices continue to surge for the 24th straight month, which caused home sales to decline for the fourth straight month, creating a seller’s market across the country.

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Houston home sales fall slightly as prices hit a new March high

For the first time since Hurricane Harvey in August, the Houston home market saw a year-over-year slowdown in sales, according to the latest report from the Houston Association of Realtors. Total property sales in March dropped 2.3 percent from

Multigenerational households gain popularity in the US

The percentage of Americans living in multigenerational households is at its highest since the 1950s. Using data from 2016, Pew Research Center estimated that 64 million people — or 20 percent of the U.S. population — live in a house

February was an overall positive month for Houston home sales

February home sales marked a second positive month for Houston this year with single-family home sales, total property sales, average and median pricing and total dollar volume all up compared to a year ago, according to the latest Houston Association

National mortgage rates on the rise, could impact housing prices

Years of historically affordable mortgage rates could come to an end as rates rise and are expected to escalate even further throughout 2018. So far, mortgage rates have increased nearly 50 basis points since the beginning of this year,

Redfin: More homebuyers than ever bid on homes before seeing them in person

More than one-third of people — 35 percent — who bought homes last year submitted a bid without ever seeing the homes in person. According to a recent Redfin, this is an increase from 33 percent in May 2017 and significantly

Starter homes surge in value over the past five years

As the demand for entry-level homes continues to rise across the country, a new report shows owners of entry-level and starter homes are gaining equity faster than owners of higher-end homes. Owners of starter homes have seen their equity

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Real Estate in Brief: Builder confidence steadies, home sizes decrease and more

While tight inventory continues to nag the U.S. housing industry, homebuilders around the country are confident in the market, according to the National Association of Home Builders. The Housing Market Index revealed that builder confidence for new single-family homes

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