Current Market Data

New Home Sales at Highest Level in 7 Years

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

The Top 10 Reasons Consumers Bought Homes in 2015

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

Texas Price Growth Remains Strong

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

How Does Thanksgiving Impact Real Estate?

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

Mortgage Applications Up Despite TRID

We’re approaching two months since the implementation of TRID, and after a string of weeks that saw declining originations, mortgage applications were back up in the week ending Nov. 13, according to the Mortgage Bankers Association. In the two

Existing-Home Sales Decline, Market Continues to Improve

Homes sales were down in October, but the overall picture remains a very positive one for housing Existing-home sales declined 3.4 percent from September to October to a seasonally adjusted annual rate of 5.36 million, according to the latest report

As Apartment Building Falls, So Does the New Construction Marketplace

October provided yet more evidence of how integral multifamily building is to the current new construction economy October was a rough month for new construction, with housing starts falling 11 percent from September and 1.8 percent from Oct. 2014

CoreLogic: Healthy August Drop in Houston Cash Sales

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

Mortgage Customer Satisfaction Jumps in New Report

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

Disproportionately High Rents Spoil Homeownership Dream

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

NAHB: Builder Confidence Slips in November

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

Houston’s Best Elementary Schools, High Schools and Districts Ranked

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

Demand for Crude Falls Alongside Price – Will Houston Hurt?

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

The 6 Characteristics of Homebuyers in 2015

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

Houston Named No. 4 Best City for Real Estate Investors

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

HAR: Houston Sales Fall Double Digits

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

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