Current Market Data

Houston’s new construction market makes strides in January

Houston’s new construction market ended 2016 on a low note. Fortunately, the tune was up an octave to start 2017 A new report from Dodge Data & Analytics shows that in January, residential construction spending in Houston was up

Survey: Agents and lenders need to better educate borrowers on closing costs

When the TILA-RESPA Integrated Disclosure (TRID) rule was passed in Oct. 2015, it was billed as a simplifying of the mortgage process – at least as far as borrowers were concerned – and an effort to increase transparency, particularly as

Survey: Borrowers worry how Trump and DeVos will manage this barrier to homeownership

The Millennial homeownership rate fell to a 30-year low last year, and a big contributor to that trend is growing student loan debt. The country has an opportunity to address the issue under newly elected President Donald Trump and

Report: “The World’s Most Admired” homebuilders

Toll Brothers is “The World’s Most Admired” homebuilder, according to Fortune. Of the five homebuilders named by Fortune, the Pennsylvania-based builder, which operates in markets across the country, came in on top. Fortune cited Toll Brothers’ renowned management, innovation,

3 trends that defined Houston’s housing market in January

In its monthly market report, Redfin dissected dozens of markets across the nation and found that in January, buyers typically faced three challenges: rising prices, low inventory and a fast market. That was certainly true in Houston. Prices continue

Four trends Gary Keller says may change real estate

Keller Williams Founder Gary Keller spoke via an invitation-only live stream this week on the nation’s real estate market, commenting on the state of today’s market, and speculating on the fate of tomorrow’s. One of the most pressing topics

Report: Houston one of the “Best Places to Live”

Houston is one of U.S. News & World Report’s top 25 “Best Places to Live.” In fact, the city comes in at No. 20. To determine its ranking, U.S. News considered Houston’s quality of life and job market, as

The most active luxury neighborhoods in Houston, Dec. 2016

Luxury sales were up overall in Houston in January, as the Houston Association of Realtors reported, but sales over $1 million were down. In December, three Houston neighborhoods had double-digit sales of homes over $1 million. That was not

Four ways builders are beating the labor shortage

In the five years following the peak of the housing bubble – so from 2006 to 2011 – the United States’ construction industry lost 2.3 million laborers. By 2013, 60 percent had already found new careers in other industries – which meant

Greater Houston’s most active luxury markets, Jan. 2017

In January, there were once again more $1 million-plus home sales in Houston proper than any other market in the greater metropolitan area, though sales were down across the board from Dec. 2016, according to our latest REAL DATA

Greater Houston’s top closings, Jan. 2017

Click on the tabs below to see the top single-family, condo, and multifamily closings in Greater Houston’s housing market in January. Single Family Condo Multifamily Single Family Sales Price Address Agent Brokerage $17,500,000 37307 Diamond Oaks Drive, Magnolia Harry Kuper

Houston market stays strong in January, breaks record

Single-family home sales continued climbing in January, alongside median price and inventory, the Houston Association of Realtors’ latest sales report confirmed. After rising 4 percent from Jan. 2016 to Jan. 2017, Houston’s median single-family home price hit $210,000 –

Houston a top destination for movers

One of the top indicators for a housing market’s continued strength is new, incoming residents; and in 2016, for the second year in a row, Houston was a top destination for movers, according to a report from Penske Truck Rental. “It

When does owning in Houston become a better deal than renting?

Buying a home in Houston is a great deal – so long as the owner stays in it for almost two years. That was the conclusion of Zillow’s latest Breakeven Horizon report, which calculates how long the average homeowner has

Two signs that Houston’s housing market is in for a correction

The most consequential question facing the housing industry today is: Are we approaching a correction? National Association of Realtors Chief Economist Lawrence Yun said in January that 2016 was the market’s best year since the Great Recession. He thanked job

2 stats that could sign an end to inventory shortages

Builders need to build – a ubiquitous sentiment throughout the country, and what some experts believe is the solution to widespread inventory shortages. Two new stats suggest that may be exactly what’s going to happen in 2017. The first stat