Current Market Data

Ranch Home Style the Most Popular in U.S.

The most popular home styles in the U.S. are ranch style, conventional, split level, colonial and traditional, according to a RealtyTrac study of 25 million homes. The least popular style homes are cottages, log homes, gambrel, garrison and tudor. Interestingly, those

4 Key Trends in New Construction Today

New home sales were up in August, but is that a sign of a strengthening market? In August, new home sales rose 5.7 percent month-to-month and 21.6 percent year-over-year to a seasonally adjusted annual rate of 552,000, according to

New Home Prices Surge, Building Stalls and the Resale Market Benefits

Houston’s inventory is low, which is helping to keep prices surging while sales stagnate. The obvious remedy to rebalance the market would be an injection of new homes. But as a recent report from Metrostudy Corp. explained, growing construction costs

Homebuyers Worried About Affordability, Not Interest Rates

An interest rate hike is not a concern to buyers Buyers are more concerned about affordability, competition and inventory than an interest rate hike, according to a Redfin survey of 3,577 buyers done in late July. Only 5 percent of the

Hispanic Women Becoming Powerful Housing Demographic

For decades, white buyers have largely dictated the direction of the housing industry. That may soon change, though, as a recent survey from Better Homes and Gardens Real Estate and the National Association of Hispanic Real Estate Professionals found

Housing Cost Burdens Will Only Worsen Over Next Decade

One in four renters is severely rent burdened Based on current trends of rent gains outpacing incomes, the number of severely burdened renters could increase by up to 25 percent by 2025, according to a study published by the Joint

Texas has the Eight Most Unfair Tax System in the U.S.

Texas has the eight least fair tax system in the country. That was one of the findings in WalletHub’s application of a nationally representative survey to rank which states had the most and least fair tax systems. The survey reflected what

Houston Ranks No. 5 in Recovered Cities Post Recession

WalletHub has ranked the 150 largest U.S. cities that have made the most economic progress since the recession. Houston has been ranked No. 5 in the report of  cities that have made significant progress. Here is the full list of

Existing-Home Sales Slow in August

Market slows in an expected drop as summer comes to a close After three straight months of gains, existing-home sales dipped in August, despite slowing price growth and a positive turnaround in the share of sales to first-time buyers,

The Federal Reserve Punts on Raising Interest Rates

Interest rates are staying right where they are…for the time being. And so the speculation continues for another month. After weeks of outside editorial, predictions and warnings, the Federal Reserve announced today that it will leave interest rates at their

What Kinds of Homes can Certain College Grads Afford?

Recent grads may fear buying a home because they are stressed from student loans and starting their lives. Some grads’ professions, though, will make them more prepared to purchase a home than others, and Realtor.com has put together a list

Zillow: Houston’s Affordability Slipping

Houston was an anomaly in the wake of the financial crisis, as the city’s surging economy kept the housing market strong. However, according to Zillow that may no longer be the case. “Houston is starting to become not as affordable for

CoreLogic: Texas Outperforms Nation in Equity Report

Since last year, more than one million homes have found their way out of negative equity, a report from CoreLogic revealed. Since the second quarter of 2014, when 5.4 million homes, or 10.9 percent of all residential mortgages, were underwater, strong

Next Recession Predicted for 2018

A new survey from Bloomberg Business anticipates that the next recession will occur in 2018. The survey was taken from a median average of 3o economists. They report that there is a 10 percent chance of a  recession headed in

CoreLogic: Houston the No. 2 Most Overvalued City in America

During the 2005 to 2007 bubble years, the gap between home prices and the long-run sustainable values in the U.S.’ largest 100 markets was approximately 10 percent, meaning that housing was 10 percent overvalued to its fundamentals. When the market

22 Subcontractors Needed to Build the Average Home

According to a new National Association of Home Builders study, 70 percent of builders generally use between 11 and 30 subcontractors to build one single-family home. On average, a typical builder would use 22 subcontractors to build a house. Here is

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