Current Market Data
Houston continued to set the world on fire with its rise in asking prices Asking prices in Houston began 2015 on a soaring note, according to the Trulia Price Monitor. Prices were up 13.8 percent year-over-year in January, and a similarly strong 5.2
An influx of demand to Houston’s rapidly growing housing market has helped push values upwards. However, not without also raising property taxes. Coming out of the housing crisis, Texas was poised to break out as one of the country’s
One may think that warmer months are better for selling homes, but the data tells another story. What if we were to tell you that it really makes no difference when you list your client’s home, in terms of
There were some very positive things to report in the government’s latest job numbers. The U.S. economy started out 2015 with a bang, adding 257,000 jobs in January, according to the latest report from the Labor Department. Of course, there
We’ve covered multifamily ascendence before, but this is the most telling statistic of all. Earlier this week, we reported on two facets of new construction: first, that overall construction spending in Houston grew by hefty amounts in 2014; and second,
The price of crude bounced back this week, but some say even if it stabilizes, the damage has already been done. After months of falling oil prices, crude-oil futures rallied back this week, climbing up 7 percent to
What is the marital status of the typical first-time homebuyer? What are the demographics? And finally, how have those stats changed in recent years, and what does America’s ever-diversifying landscape suggest? To find out, see our infographic below, which
Last week, we reported that lending standards have see-sawed up and down the spectrum the last few years, but does that trend change at all when we look at the separate lending standards for refinancing and purchasing loans? Once
We reported last week that in 2014, the median sales price for a newly built single-family home set a new record, closing out the year at $283,600. That’s not only 5.5 percent above 2013, but also a whopping 28.3 percent
Cuba is opening for business. Is the U.S. ready? The gates to Cuba have opened, pushing aside more than 60 years of animosity with the West for the promise of a more profitable century. The announcement came earlier this
Slow home prices in December are likely to roll over into 2015. Early today, February 3, CoreLogic released its Home Price Index for December 2014. While price appreciation was relatively flat from a month prior, CoreLogic researchers found prices
2014 was a VERY good year for new construction in Houston, according to the latest stats. Total residential construction spending in the Houston area was $9.841 billion in 2014, a 15 percent increase from 2013, according to new numbers from Dodge
Construction on the whole was positive in 2014, but that was mostly due to the surging multifamily sector. Private construction may have been up 4.5 percent in 2014, but it was the multifamily housing market that drove that activity,
With oil prices falling so rapidly, will Houston be able to recreate the same success as it had in 2014? Houston’s 2014 was one for the books, as the city’s more than proficient job creators bolster the market with an
Hundreds of thousands of potential homebuyers will be boomeranging back to the housing market over the next seven years. The Houston area is poised to see more than 100,000 potential homebuyers enter the housing market fray over the next seven
Existing-home sales may have bounced back to life in Dec 2014 (and carried median sales price to its highest mark since 2007), but that was hardly the most encouraging piece of news in NAR’s latest housing report. No, that