Current Market Data
The share of total residential real estate transactions carried out in all cash fell from 34.9 percent in Aug. 2014 to 31.7 percent this most recent August, according to a report from CoreLogic. Month-over-month, cash sales inched upward by
The mortgage process doesn’t often top the list of things people like to do, but as far as dealing with banks and moneymen go, customers are more approving of the mortgage process now than any other time in the
Many want to own a house, but the finances are only feasible for an increasingly select few It is a truth universally acknowledged that the vast majority of renters in America aspire to homeownership. Indeed, according to a recent
After some very positive months, builder confidence took a step back in November Builder confidence in the market for newly constructed single-family homes slipped three points to 62 from October to November in the National Association of Home Builders/Wells Fargo
In WalletHub’s 2015 list of the best and worst school systems in America, Texas ranked among the bottom half of states, coming in at No. 27 overall – and No. 31 when only “quality” was considered. However, despite the
U.S. companies now hold 487 million barrels of oil, according to the U.S. Energy Information Administration’s monthly report. The figure is significant because it represents the highest stock for early November in at least 80 years, and has major
What does the typical homebuyer look like in 2015? Earlier this week, we reported on first-time homebuyers, and how they are now at their lowest market share since 1987. That information came courtesy of the 2015 Profile of Home Buyers
The investor-market dynamic has shifted since the boom and bust years. Returns are no longer astronomical and scooping up discounted foreclosures isn’t as easy as it once was, but the promise of profit has far from dried up, as
Last fall, the price of oil plummeted by 50 percent and Houston industry insiders claimed all was well. When energy companies started laying off thousands, many claimed Houston’s economy was strong and described the forthcoming effects on real estate
Mortgage markets have improved, but the inequities are still pronounced Black mortgage applicants in the Houston area are denied at a much higher rate than all applicants, according to new research from Zillow. In 2014, 17.3 percent of black mortgage applicants in Houston were
In September, foreclosure inventory continued its rapid decline, falling 24.3 percent since the same time last year, a new CoreLogic report found. As a testament to the market’s recovery – and a more total economic recovery – since the
Click on the tabs below to see the top single-family, condo and multi-family closings in Greater Houston’s housing market in October. Single Family Condo Multi-Family Single Family Sales Price Property Agent Office $5,065,000 Inwood, 3660, Houston Tim Surratt Greenwood King Properties
First-time homebuyers continue to lose market share in today’s housing market First-time homebuyer share has dropped to its lowest level in 27 years, with just 32 percent of all existing-home sales going to first-time buyers in 2015. That was one
October was more of the same for the U.S. job market, but was it enough to sway Fed policy? The U.S. economy added 271,000 jobs in October and the unemployment rate held firm at 5.0 percent, according to the
According to the new Mortgage Applications Survey from the Mortgage Bankers Association, mortgage applications decreased 0.8 percent from the week prior. Refinancing activity decreased by 1 percent, while purchase mortgages rose by 20 percent. Refinancing comprised 59.5 percent of all
It’s been more than a month since the TILA-RESPA Integrated Disclosure (TRID) guidelines came into effect, and so far, the industry hasn’t devolved into total chaos. But that doesn’t mean lenders still aren’t worried. Financial services company Wolters Kluwer