Current Market Data

Sales speed, competition hit record highs in May

Last month’s buyers faced one of the most competitive markets to date, according to Redfin’s May 2017 housing market report. As homes flew off the market and supply continued to decrease, speed of home sales and buyer competition hit

Houston median home prices hit new record in May as home sales increase

Houston’s real estate market is showing signs of growth across all indicators in the May 2017 report from the Houston Association of Realtors. A total of 8,156 single-family homes sold in May, an 11.5 percent increase from 2016’s sales

Here’s how long it takes Houston homeowners to break even on their purchase

Now more than ever, residents of large American cities face a conundrum when deciding whether to rent or buy. Renting is increasingly popular in major markets as housing prices in these desirable areas keep creeping up. Now, Zillow has

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Why Don’t Americans Move Anymore? Here Are 3 Theories

Americans are moving less often than ever before, and this new trend in decreasing mobility is having a major effect on the real estate industry. About 11 percent of Americans moved between 2015 and 2016, a decrease of 6

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Home flipping hits two-year low as profits dip, study says

Despite a slight increase in recent months, home flipping has now hit a two-year low, and home flippers are seeing lower returns on their investment, according to the Q1 2017 U.S. Home Flipping Report by ATTOM Data Solutions. Home

Homes sold faster than ever in April

April recorded the fastest ever time that homes for sale went under contract, just a month removed from setting the previous record, according to the National Association of Realtors. Homes for sale in April were typically on the market

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Houston suburb named one of the best areas for families

For families hoping to relocate, Houston’s Katy suburb is a strong choice. In fact, a recent HomeUnion report listed Katy as one of the country’s best places for families to live. The study analyzed markets across the country based

Cool, neutral paint colors may help increase home sales, study says

Choosing the right paint colors can make a major difference when it comes to home sales, according to a Zillow study. Zillow conducted its 2017 Paint Color Analysis of more than 32,000 photos of U.S. homes sold between 2010

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Houston residential construction spending continues to rise amidst overall decrease

Home construction in Houston rose last April following a similar pattern in March, according to a new report from Dodge Data & Analytics. Despite an upward trend in residential building, however, overall construction decreased. Residential construction spending saw an

Existing home sales fall in April due to low supply

Low inventory led to decreasing existing home sales and days on market in April, according to the National Association of Realtors. The median days on market also declined, reaching a new low of 29 days. Total existing home sales,

Homes are selling faster than ever as inventory tightens

Demand for homes continues to grow as houses are selling faster than every before, according to Redfin. Typical homes went under contract in 40 days in April, 10 days faster than the previous year, making April Redfin’s fastest month on

Total household debt in first quarter passes pre-recession peak

Total household debt reached $12.73 trillion in the first quarter of 2017, which is above the 2008 peak before the housing market crash and economic downturn, according to new data from the Federal Reserve Bank of New York. However,

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Three masterplan community trends that are attracting new residents

Masterplan community developers are looking to expand the amenities and conveniences offered to residents in order to bring in new buyers. According to John Burns Real Estate Consulting, there are three major features that developers are offering in their

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Houston home sales continued to grow in April

Single-family homes sales and inventory in Houston continued to grow in April, reaching the highest level since last August, according to the Houston Association of Realtors (HAR). Home sales are up 3.1 percent compared to last year, with 6,583

Empty nest households reach record high

More aging parents are staying put rather than selling their homes as the amount of “empty nester” households has risen to record highs, according to Zillow. The number of empty-nest households, or homeowners aged 55-plus who have no kids

Houston home sales and prices continue to grow in March

  Single-family home sales and prices rose in March, while the housing inventory also grew, according to the latest report from the Houston Association of REALTORS®. Single-family home sales are up 11.7 percent to 7,013 compared to March 2016,

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