Current Market Data
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
Single-family home starts are far below the long-term median – why? Builder confidence has posted repeated year-over-year gains in recent months, but the amount of single-family housing starts is not rising to match their confidence, according to a report by The Wall
Do these economic trends pose problems for housing’s future? America’s housing market is at a crossroads. In addition to the usual real estate entities that impact its progress – Realtor associations, homebuilders, lending institutions – housing is also privy to the wider
After years of battling against the popularity of single-family homes, the demand for condos is gaining around many of the nation’s hottest metros, a new report from Zillow showed. Year-over-year, the nation’s condo prices have risen at a rate of
New home sales were down last month, but what about 2015 overall? Autumn has been a lackluster season thus far for new home sales, which rose 2.0 percent month-to-month but fell 11.5 percent year-over-year in September, ending the month at a seasonally adjusted
Cash sales dropped ever closer to the pre-crisis norm of 25 percent in July, falling from 34.2 percent 12 months earlier to 30.8 percent, according to a new report from CoreLogic. With traditional financing becoming a more realistic option
Home prices in Texas continue to rise in 2015 Home prices in the Lone Star state continue to rise in 2015, with prices in the Dallas metro area rising 0.8 percent monthly and 8.9 percent year-over-year in August, according to the
Houston and other non-taxed cities are reported to offer affordable living. There are nine states that have no state income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming. Despite not having a state income
The economy on a whole may be doing better, but most Americans are not directly experiencing those gains The unemployment rate is currently 5.1 percent, down substantially from where it was five years ago. Since bottoming in March 2009, the
In November, the residents of Alvin will go to the polls to decide whether to fund a bond package that would in turn fund a number of construction projects for the local independent school district. If it passes, the
Without the surging apartment sector, where would new construction be in 2015? Housing starts in September were up 6.5 percent from August and 17.5 percent from Sept. 2014 to a seasonally adjusted annual rate of 1.026 million, which is the
According to the new Better Money Habits Millennial Report from Bank of America, while 84 percent of Millennials are self-reliant when it comes to managing their own finances, 41 percent are constantly stressed about money. Moreover, the report found that money stress
Builders are now more confident than at anytime since the housing boom Builder confidence in the market for newly constructed single-family homes rose three points in October to a level of 64 on the National Association of Home Builders/Wells
The Business Journals, analyzing the latest Census Bureau data, has compiled a list of the most profitable U.S. cities for a wide range of professions, including loan officers and real estate agents. In Houston, 2014 salaries for loan officers
Houston has one of the most active construction industries in the nation. The market is led by top builders like Perry Homes, Taylor Morrison and Lennar Corp, but as demand remains constant amid climbing prices and persistently low inventory,
Coming off a relatively lackluster August, Houston returned to 2014, record-setting form, as both prices and sales experienced positive growth, according to a report from the Houston Association of Realtors. Total property sales jumped 2.2 percent year-over-year, from 7,848
