Current Market Data

Home prices are outpacing wages, and that’s a problem

Homeownership has become much less affordable for Houston consumers the last few years, according to a new analysis from RealtyTrac. The Q2 2016 Home Affordability Index, which compares wage growth to home price increases, found that without exception, home prices in

How Houston’s famous sprawl costs residents billions every year

American commuters lose billions of dollars a year because of sprawl – and only one other metro area is more harmful on commuter bank accounts than Houston. That was the finding of a new analysis from City Observatory, which calculated the

What goes into a new home’s price? Most consumers have no idea

There is a significant disconnect between consumers and homebuilders, according to a new analysis from the National Association of Home Builders. Comparing Census Bureau data with that of its most recent Home Buyer Preferences Survey, the NAHB found that

Greater Houston’s top closings, May 2016

Click on the tabs below to see the top single-family, condo, and multifamily closings in Greater Houston’s housing market in May. Single Family Condo Multifamily Single Family Sales Price Address Agent Brokerage $10,500,000 3688 Willowick, Houston Pene Moore Martha Turner

Being an international agent: 9 things to know about Colombians

The international market is a valuable one for real estate agents, but only if they’re able to capture it. Just as Americans have particular customs so ingrained they’re almost considered common sense – such as shaking hands during a first meeting – foreign

7 incredible stats on how student debt is harming the housing market

Student debt continues to be a major problem for the housing market, according to a detailed new survey from the National Association of Realtors and SALT, the consumer literacy program. The survey, which sampled thousands of non-homeowners currently repaying

Flood damage prevention

Thanks to Houston Business Journal, in an interview with The Frankel Building Group, homeowners found that they can take a break from worrying over housing damage during a flooding rainfall. Homes built by the Frankel Building Group are designed on pier and beam foundations,

Houston no longer leads growth in the Texas Triangle

Over the last 15 years, the Texas Triangle – a grouping of Austin, Dallas, Houston, and San Antonio – has witnessed a population explosion, and construction has followed suit. In many respects, Houston has led the Triangle in growth.

Houston might be in for an economic crunch

The latest survey of area supply chain leaders suggests the drop in oil prices 18 months ago caused Houston’s economic slowdown. The verdict is still out on whether a rise in price will speed it back up. At the

5 of Texas’ top 10 middle schools are in Houston

Earlier this week, the nonprofit Children at Risk released its 11th annual Texas School Rankings, and of the state’s top 10 middle schools, five were in Houston. In its list, the advocacy group ranked more than 300 Greater Houston middle schools on the basis of

Agents find opportunity in Texas’ active economy

Texas has a top 10 economy when compared to other states in the U.S., a WalletHub report recently confirmed. The news is good for the real estate industry and its professionals. Compiling data that runs the economic gamut, from

5 of Texas’ top 10 elementary schools are in Houston

Earlier this week, the nonprofit Children at Risk released its 11th annual Texas School Rankings, and of the state’s top 10 elementary schools, five were in Houston. In its list, the advocacy group ranked over 850 Greater Houston elementary

Sanders, Clinton or Trump? Homebuyers choose “other”

By this time next year, we will have a new president. Regardless of who it is, not every homebuyer will be happy about it. Twenty-seven percent of homebuyers say the outcome of the presidential election, no matter what, will “make the housing

McMansion ascending – U.S. homes are bigger than ever

It was supposed to be the end of the McMansion era. New homes in the U.S., after steadily growing in size for more than 30 years, finally reached their peak during the mother of all housing bubbles. Following the inevitable

Why Houston residents are in a good position to buy

Many factors play a role in a growing housing market, but a strong, versatile economy is likely the most important factor – and new research from Pew has reinforced the role that the strong the Houston economy has played in the area’s

These are homebuyers’ top two concerns in 2016

Recently, Redfin surveyed buyers on their concerns about the housing market. Surprisingly, the survey found that homebuyers are not as concerned about supply as they were in the past, despite it being the driving factor of homebuyers’ current concerns –

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