Current Market Data

TransUnion Predicts 2.2 Million Boomerang Buyers Will Return by 2021

Boomerang buyers are, as the name implies, ready to return to housing The housing market’s recovery has been slow since the recession, and many consumers are still struggling with the economic fallout. According to a study released by TransUnion, though, there

New Homes Are More Expensive and Bigger than Ever Before

Bigger homes mean more luxury buyers – but what does that mean for first-time buyers? The average unit size of new residential construction is increasing, according to a National Association of Home Builders report. The average size of a

CoreLogic: Houston Buyers Aren’t Using Cash

Real estate markets across the country continued hemorrhaging cash last October, a new report from CoreLogic confirmed, with the share of total sales falling 2.6 percentage points year-over-year. However, as is typical of the season, the amount of cash

Oil in 2017: Could Be $20 Per Barrel, Could Be $100

The price of oil is still very low. In January, it hit a 12-year low, and now Brent crude sits at $34.39 a barrel while West Texas Intermediate is at $31.44. The forecasts for oil prices are dim, as

CoreLogic: Houston Homes Gain Equity During Price Slowdown

Home prices continued their steady climb rounding out 2015, rising both year over year and month over month, according to CoreLogic. Across the nation, home price appreciation averaged a 6.3 percent increase from Dec. 2014 to Dec. 2015 –

Redfin Names Houston’s Hottest Neighborhoods

Norhill is Houston’s hottest neighborhood, determined a new report from Redfin. With a median sale price of nearly $500,000, Norhill is fairly expensive compared to the rest of Houston – which had a median sale price of only $212,000

Despite Slowdown, Developers are Still Pumping Billions into Houston’s Housing Market

New analysis from Dodge Data & Analytics paints an encouraging picture for Houston’s new construction marketplace The Houston housing market capped off a strong year of residential investment, according to the latest numbers from Dodge Data & Analytics. Per Dodge Data’s

The 3 Trends Shaping New Construction in 2016’s Market

These three trends illustrate where new construction is heading in 2016 Last week, the U.S. Census Bureau reported that new single-family home sales in 2015 totaled 501,000, a 14.5 percent increase over 2014 that brought new home sales to their

Houston’s Top High Schools with the Best Teachers

Homebuyers want to live in a nice neighborhood, and when homebuyers have a child, “nice neighborhood” translates to “wherever the good schools are.” Thanks to Niche, providing that information to clients is now easier than ever for agents. In

Pending Home Sales Rose by How Much?

December was a modest month for contract signings, according to NAR Pending home sales were mostly unchanged in December, but inched forward slightly, fueled by a large increase in the Northeast that outpaced declines in the other three major

Are First-Time Homebuyers Making a Comeback?

First-time homebuyers have been MIA for some time – are they poised for a comeback? The National Association of Realtors reported late last week that first-time homebuyers accounted for 32 percent of existing-home sales in December, which was up

CoreLogic: Distressed Sales Hit Lowest Nov. Since 2007

National distressed sales – including real-estate owned (REO) and short sales – fell 1.9 percentage points in November 2015, pushing the distressed share of total sales to its lowest November point since 2007, according to a new report from

Texas Price Growth Points to Opportunity

The latest Case-Shiller Indices offered numerable insights into the nation’s housing market Home price growth continues in the Texas housing market, according to the latest Case-Shiller Home Price Indices from Standard & Poor’s. Although the Case-Shiller does not, amazingly, track

Down Payments are Rising in Texas – What Does that Mean for the Market?

Home prices have been on a tear for the past couple years, and new homebuyers trying to enter the market have noticed it becoming pricier to not just buy a house, but even put a down payment on a

Are FICO Alternatives Becoming the Preferred Standard?

After years of heavy reliance on FICO scores, some lenders are now saying FICO’s view is too narrow, focusing too much on past behavior and not enough on consumers’ present circumstances. Alternative scoring systems have become a viable option,

Can You Believe It? TRID’s Impact on Markets is “Minor”

In December, existing-home sales re-found their footing, making up for the misstep in November. What did we learn? TRID was the cause of November’s slip, but it’s not a problem anymore. “Closing time metrics are showing minor effects of TRID,”

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