Current Market Data
Mortgage markets have improved, but the inequities are still pronounced Black mortgage applicants in the Houston area are denied at a much higher rate than all applicants, according to new research from Zillow. In 2014, 17.3 percent of black mortgage applicants in Houston were
In September, foreclosure inventory continued its rapid decline, falling 24.3 percent since the same time last year, a new CoreLogic report found. As a testament to the market’s recovery – and a more total economic recovery – since the
Click on the tabs below to see the top single-family, condo and multi-family closings in Greater Houston’s housing market in October. Single Family Condo Multi-Family Single Family Sales Price Property Agent Office $5,065,000 Inwood, 3660, Houston Tim Surratt Greenwood King Properties
First-time homebuyers continue to lose market share in today’s housing market First-time homebuyer share has dropped to its lowest level in 27 years, with just 32 percent of all existing-home sales going to first-time buyers in 2015. That was one
October was more of the same for the U.S. job market, but was it enough to sway Fed policy? The U.S. economy added 271,000 jobs in October and the unemployment rate held firm at 5.0 percent, according to the
According to the new Mortgage Applications Survey from the Mortgage Bankers Association, mortgage applications decreased 0.8 percent from the week prior. Refinancing activity decreased by 1 percent, while purchase mortgages rose by 20 percent. Refinancing comprised 59.5 percent of all
It’s been more than a month since the TILA-RESPA Integrated Disclosure (TRID) guidelines came into effect, and so far, the industry hasn’t devolved into total chaos. But that doesn’t mean lenders still aren’t worried. Financial services company Wolters Kluwer
Houston schools were heavily represented in Newsweek’s recently released report “America’s Top High Schools 2015,” with 12 schools finding a place among the publication’s rankings. The schools were evaluated on a range of criteria, from graduation rate to the
In September, single-family home prices, including distressed sales, jumped 6.4 percent year-over-year, according to CoreLogic. For more than a year, national home prices have followed a steady, upward trajectory toward long-term stability. CoreLogic Chief Economist Sam Khater described the last 15
There’s been a lot of political posturing as of late, with partisan pundits and presidential candidates butting heads over everything from tax strategies to affordable housing, but one issue that, surprisingly, has remained largely left out of the conversation is
Houston-The Woodlands-Sugar Land is the market with the largest homes in the West South Central region, with a median new home size of 3,026 sq. ft., according to data from the National Association of Home Builders combined with home closing
London, United Kingdom Bedroom: 4 Bathroom: 4 Square Feet: 5,426 Price: $16,386,991 Located at one of London’s most exclusive addresses, this Charles Street townhouse characterizes period style mixed with modern accommodations. Comprised of six floors, this rare property features
The nation’s wealthiest 1.5 percent have a distinct set of features that they look for in a new home, according to a new Coldwell Banker Previews International and Ipsos Connect survey. The following features rated highly among luxury buyers:
As 2015 draws to a close, how has residential construction activity in Houston compared with the previous year? Residential construction spending in Houston totaled $757 million in September, according to new Dodge Data & Analytics numbers. Although that is still among the
For nearly a decade, the nation’s homeownership rate has been in decline. Since 2004, when homeownership peaked at 69 percent, the rate has fallen nearly 6 percentage points down to 63.7 percent in the first quarter of 2015, according
Housing continues to slow in 2015 Pending home sales were down 2.3 percent from August to September, according to the latest report from the National Association of Realtors. Closing out the month at 106.8, the Pending Home Sales Index
