Current Market Data

5 Important Stats in Today’s New Home Sales Report

The latest new home sales report is out, but what details of that report should you keep in mind for your business? The latest Census Bureau report on new construction dropped this morning, and it concerns the home sale

November Marks a Month of Decline, But Promise

As the temperature falls, so have existing-home sales, but numbers still indicate a slow return to normalcy. The market peaked for 2014 in October, according to the National Association of Realtors recently released existing-home sales report. In November, existing-home

The Fed Will Not Be Raising Rates Soon…We Think

The Fed’s language on interest rates changed at its last meeting, throwing into question its future policies. It’s the big question on everyone’s mind – when will the Federal Reserve decide to raise interest rates? Indeed, there are few

Houston Construction Promises More Than Just Growth

Houston has struggled with depleted inventories and strong demand, but a new survey finds the city may be ready to leave that problem behind. Houston real estate professionals will be happy to learn that third quarter residential building is

Negative Equity in Houston Plummets by 76.3%

The negative equity situation in Houston has improved dramatically, according to new research by Zillow. Here is some encouraging news for you to end the week with – here in the Houston area, the share of mortgage properties in negative equity

Census Says Houston is No. 1 Construction Market in U.S.

Census Bureau names Houston as nation’s top construction market. Creative Commons: iodine127, http://commons.wikimedia.org/wiki/File:P1070694.JPG It’s been a roller coaster of a year for the national housing market, but one area that’s been on track since the beginning is Houston, which

Special Report: ‘Builder Confidence’ Numbers Still Inconsistent With Construction Numbers

Builder confidence remains high while home construction continues to trod along – what gives? Builder confidence this month fell just one point, according to the latest Housing Market Index from the National Association of Home Builders. Finishing up 2014

Bad News For Millennial Homeownership – Young American Wages are Plummeting

We all want to think that an explosion is pending in Millennial homeownership, but the numbers to justify that are hardly cooperating. The last few months, we’ve reported consistently that the big problem facing housing (as well as the

5 Things to Consider About the ‘Disappointing’ New Construction Report

The headlines have been merciless regarding the latest new construction report, but was it truly that bad? We’ve seen the headlines too, and on the surface, they’re not pretty – per the latest numbers from the Census Bureau, housing

The 5 Most Valuable Remodeling Projects in Houston

Of the many remodeling projects available to homeowners, which ones add the most value to homes in Houston? One of the undeniable perks of homeownership is the opportunity to renovate your living space, to remodel and craft a residence

Houston Agent Housing Score Card

Last Updated 05/24/16 Report A Year Ago Current Builder Confidence 52 58 Construction Spending $915 M $736 M Existing-Home Sales 5,374 5,428 Housing Inventory 2.9 months 3.6 months Housing Starts 0.900M 1.178M Interest Rates 3.69% 3.71 % Pending Home

Mortgages in Houston Twice as Affordable as Rents in 2014

Everyone knows that mortgages and rents have ran in opposing directions, but the numbers are still jaw-dropping. For some time, we’ve been hearing two independent narratives in housing: one, that mortgage rates and payments were at an all-time low;

Harris/Brazoria Counties Less Affordable Than Historic Averages

A new round of analysis suggests that housing affordability continues to fall by the wayside in the Hoston area. There have been some indicators that the housing affordability situation here in Houston is slipping somewhat, and a new study has provided perhaps

6 Important Home Seller Trends That You Should Know

What should you know about home sellers, heading into the 2015 housing market? Our last few stories on NAR’s 2014 Profile of Home Buyers and Sellers has focused on the buyer-side of the equation, but now we’re finally taking

Cash Sales in Texas Remain Below National Average

New cash sales report says more of the same – we’re staying consistent. In September, cash sales increased slightly despite the autumnal slump, but remain at relatively low levels, according to a new report from CoreLogic. In recent months,

Did Mortgage Lending Just Get Easier?

With Fannie and Freddie’s new mortgage rules coming into effect, the industry questions the impact they’ll truly have. Earlier this month, new lending guidelines previously announced by Fannie Mae and Freddie Mac came into effect, and now the industry

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