Current Market Data
October was another month of declining foreclosures, both nationwide and in most major metropolitan areas, a CoreLogic report confirmed this week. Dropping by just over 21 percent year-over-year, the nation’s foreclosure inventory reached a 1.2 percent share this past October,
The economy continues to recover, but Americans’ finances are still stuck in the mud A surprisingly large share of Americans are in a precarious financial state, according to a new, detailed study from The Pew Charitable Trust. For its study,
Despite slumping oil prices, layoffs and labor shortages, Texas’ and the Houston area’s populations are among the fastest growing, according to new U.S. Census Bureau numbers charting U.S. population growth by county between 2009 and 2014. Eleven Texas counties made it
Americans want their Cuban property. Since the 1960s, when Castro first seized power, that wanting has been a symptom most convinced themselves to ignore, despite filing claims against the country. However, when representatives of Cuba and the United States meet
Following La Marque Independent School District’s financial accountability rating of “Substandard Achievement” in October and loss of its accreditation in November, the Texas Education Agency announced on Dec. 2 that the entire district would be annexed into the Texas City
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
