Current Market Data
Despite adding jobs, November offered more of the same for America’s economy The U.S. economy added 211,000 jobs in November and the unemployment rate held steady at 5.0 percent, according to the latest report from the Bureau of Labor Statistics. November’s
The housing market continues to struggle despite an increase in high-quality mortgages Even though houses are selling at their fastest rate since 2007, sub-700 credit score buyers are still at the same level they were mid-2010. According to a
In September, distressed sales accounted for 9.7 percent of total home sales nationwide; the culmination of declines that span the past few years, according to CoreLogic. Considering the current pace of distressed sale declines, CoreLogic researchers determined that the
Houston joins 32 other markets with new peak prices in 2015 The Houston metro area saw a new peak median price in 2015 at $219,450 in June, according to a new RealtyTrac report. Houston was one of 33 markets
The Texas Association of Realtors (Texas Realtors) released its annual housing report this week, compiling and recapping key economic and market indicator stats from the association’s year of research reports, finding that despite an oil slump, labor shortages and
In the days leading up to Black Friday, which of course is now behind us for the year, eagerness bubbles up among bargain hunters as they lace up their midnight sneakers and check shopping lists to decide which discount they want more: a
The fall slump hasn’t hurt the market’s strength, as home prices across the country continued to climb in October, CoreLogic reported. The coupling of a healing economy and spotty but persistent inventory shortages are largely to thank (or blame,
Spending per dollar of equity is at its lowest level since the mid ’90s. Home equity has doubled to $12.1 trillion since the market bottomed out in 2011. Builder confidence has remained strong, despite a small, recent slip. New home
2015 has been a neutral year for new construction in Houston Residential construction spending in the Houston housing market totaled $729 million in October, a 17 percent decline from Oct. 2014, according to new numbers from Dodge Data & Analytics. It was the latest sign
In late 2014, financial website 24/7 Wall St. confirmed that Houston homes, in true Texas fashion, are among the largest in the nation. In a separate but still complementary report, the American City Business Journal (ACBJ) elaborated on home
According to the National Association of Realtors, pending home sales were mostly unchanged in October, but shifted marginally higher after two straight months of declines. Gains in the Northeast and West were offset by declines in the Midwest and
Why do some consumers buy new homes, while others buy existing homes? NAR’s 2015 Profile of Home Buyers and Sellers provided the answer, and in our continuing coverage of NAR’s report, we’ve assembled the following graph on the topic:
New home sales are hot, but what are the larger market trends? Sales of new single-family houses rose 10.7 percent from September to October and 4.9 percent from Oct. 2014 to a seasonally adjusted annual rate of 495,000, according
Why did U.S. consumers decide to buy homes in 2015? That question was one of many that NAR’s 2015 Profile of Home Buyers and Sellers tackled, and the results were many and varied – especially when the consumers’ disposition
How have home prices progressed in the 2015 housing market? Home prices in the Texas housing market remained strong, with Dallas prices rising 0.4 percent from August to September and 9.0 percent from Sept. 2014, according to the new Case-Shiller Home
The ins and outs of buyer traffic around the holidays It has been long been considered common knowledge that the buying craze of Black Friday does not extend to real estate, thanks to a lack of large savings for homes