Current Market Data

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Houston market sees 10th straight month of increase volume sales

Houston’s home market saw its 10th straight month of increased sales, although the market is showing a slight slowdown. According to the Houston Association of Realtors, there were 7,440 single-family homes sold in July, which is up 5 percent from last

Luxury home prices saw strongest growth since 2014

For the first time since 2014, luxury home prices saw stronger price growth than homes in the bottom 95 percent of the market, according to the latest report from Redfin. Luxury home prices rose 7.5 percent in the second quarter

Report: Housing demand dipped in June

The number of people seeking new homes slipped 4.3 percent in June — albeit from an all-time high in May, according to the most recent Redfin Housing Demand Index. In the index, 100 represents the historical average for the three-year period

Home renting is at a 50-year high, report finds

Due to lingering effects of the 2008 housing crisis, renting has become a widely popular option for those hoping to combine an independent lifestyle with affordability. In fact, more Americans are actually renting a home than at any point

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Houston has some of the highest hidden homeownership costs in the country, report says

Potential buyers often judge a home’s affordability by looking at list price or mortgage rate alone. However, it’s crucial to take additional, more overlooked costs into consideration before purchasing a property. According to a recent Zillow report, Houston has some

Down payment misconceptions may deter first-time homebuyers

Over the last decade, homeownership rates in the U.S. have fallen drastically, with an average of 63.4 percent in 2016 compared to 69 percent in 2004. The 2008 financial crisis has been largely blamed for the swift decline, but

Houston home market considered overvalued, report finds

According to the CoreLogic Market Conditions Indicators data, the Houston–The Woodlands–Sugar Land MSA is considered one of four markets that is overvalued in June. The report defines an overvalued market when home prices are at least 10 percent higher

Multigenerational homes becoming more popular for aging buyers, report says

As inventory tightens and Baby Boomers begin to age, more Americans are turning to multigenerational homebuying. According to the reNEWable Living Home survey conducted by BUILDER, multigenerational homes have proven to be easier on the wallet while also allowing buyers to

Not just millennials: Baby boomers want walkable neighborhoods too, study says

Millennials are known for their desire to live in cities with busy nightlife and easy access to outdoor activities. But this need doesn’t only apply to Generation Y — it turns out baby boomers want walkability in their neighborhoods as

Houston construction rates fell slightly in June, report says

Houston construction starts saw a slight drop last month, according to recent data from Dodge Data & Analytics. These numbers show a slight diversion from a recent pattern of increased spending on building. The report considered all June 2017

Existing homes sales down in June due to low inventory

Home sales decreased in June thanks to low housing supply, according to the National Association of Realtors. The Midwest was the only area nationally with increased sales last month. Total existing-home sales (completed transactions that include single-family homes, townhomes, condos

National median home value passes $200,000 for the first time, study says

The typical U.S. home is now worth more than $200,000 for the first time in history, according to the June Zillow market report. The national median home value now sits at $200,400. This number is a notable 7.4-percent increase from

Online searches for first-time buyer mortgages are at an all-time high

The process of buying a home can be extremely daunting, especially if it’s your first time doing it. Recently, Chase Home Lending and Google paired up to figure out how and what people are searching online about homeownership. The companies discovered people

See Houston’s most expensive ZIP codes for renters

Across the country, there’s a growing demand for apartments, which in turn has led to an increase in rent prices. In Texas, however, less than half of the 50 priciest ZIP codes saw prices increase from 2016. In Houston, average rent

Houston home sales see a one-month record in June

Houston saw the largest one-month sales volume in history in June, according to the Houston Association of Realtors. Home sales grew 8.3 percent from last year, growing from 7,771 in June 2016 to 8,414 in June 2017. On a

U.S. homes are the least affordable since 2008, new report finds

The U.S. affordability index dropped to 100 in the second quarter of 2017, which is the least affordable level since the third quarter of 2008, according to a new report from ATTOM Data Solutions. The affordability index measures the