Current Market Data
In a recent article on new construction, we reported that the multifamily share of total construction had risen from 17.2 percent of the market in Jan. 2002 to 35.1 percent of the market in Jan. 2014. Such a striking
Agents are working hard to make 2015 a profitable year, but low inventories are keeping sales slow. January marked the start of a new year, but it was hardly the hit the ground running beginning the market was hoping
Whenever you see a report on America’s evaporating middle class, you should think about the implications for housing. Homeownership is a defining symbol of American middle class life; indeed, the quintessential image of a single-family detached house, complete with
Builder confidence is far above the rate of new construction; what gives? Here’s an interesting nuance to the housing recovery: the Housing Market Index, which tracks builder confidence, dropped a couple points from January to February, finishing at 55;
Just how dramatic has housing shifted towards rentals, in the last seven years? Fifty-four percent of Houston residents now live in rental housing, up from 50 percent in 2006 and 41 percent in 1970; as if that weren’t enough, the renter
Houston is a booming market, but available homes are struggling to match demand, helping Cy-Fair emerge as a premier destination. Around the country, markets are normalizing, blurring the lines of favor to keep buyers and sellers on an even
Why are mortgage rates still so low? Allow us to count the ways. Average rates for the 30-year FRM may have ticked up last week, but they remain at their lowest point since May 2013. What’s behind the low stature
It was the same old story in January, with multifamily construction leading the way. Another year, another setting for multifamily dominance in residential construction. That was the central lesson from the Census Bureau’s latest report, which found multifamily permits, starts
A new study from the Federal Reserve brings more evidence to the table on the damaging economic effects of high student debt burdens We’re written in the past about the effects of student loan debt on the housing market
Houston had a hot 2014, but builders are predicting steep declines in the months ahead. Houston is at a crossroads. Oil prices have fallen to astounding levels; inventory is on a slow, downward roll; pending sales are declining by
The last couple weeks, we’ve been analyzing exclusive numbers from the CoreLogic Housing Credit Index, a detailed look at mortgage availability. Our central question has been a simple one: is it any easier, nowadays, to attain a mortgage? And after
CoreLogic report shows widespread drops in cash sales. Cash sales continued to drop in November, according to a new report from CoreLogic, which found an increasingly significant portion of all-cash buyers leaving the market, particularly investors. Ebbing closer to
Off to a good year, sales and prices in Houston are up, but a shrinking inventory could pose problems. Coming into 2015, Houston is on pace to break records, with strong sales and prices persisting, according to a new
It’s been a rollercoaster ride following the nation’s mortgage markets, so we decided to take a more long-term view at some of the key stats at play – and how, with only one exception, things have improved by quite
Minority groups have a harder time accessing mortgages in the U.S., including here in Houston. In the Houston metro area, 19.6 percent of African-Americans are denied in their applications for conventional mortgages, according to a new analysis from Zillow; that’s more
Foreclosure activity in 2014 ended well, but pockets remain in dire straights. To cap off 2014, the national foreclosure inventory continued deflating, falling a staggering 34 percent year-over-year, according to CoreLogic’s newest foreclosure report. As of December, the nation’s