Current Market Data

Houston Begins 2015 with Soaring Price Gains

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

Top 5 Houston ZIP Codes With Skyrocketing Property Taxes

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

Do the Seasons Really Make a Difference in Houston Real Estate? Not Really

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

3 Highly Positive Details in the Government’s New Jobs Report

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

Multifamily Construction Comprises Huge Share of Houston New Construction

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,

Crude Bounces Back; Can Houston?

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

The 3 Important Characteristics of Today’s First-Time Homebuyers

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

Are Lending Standards Looser For Refinancing Than For Purchasing?

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

Affordability Evaporates as New Construction Trends Towards Affluence

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

Business in Cuba: Finding the Pearl of Antilles

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

Houston Price Appreciation Doubles National Pace

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

New Construction in Houston Booming in 2014

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

Strong Multifamily Sector Drives New Construction in 2014

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,

Economists Battle Over the Fate of Houston Jobs

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

How Houston Will See 108,780 New Homebuyers Enter the Market

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

The Best Development in Housing? We Have It Right Here

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

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