Current Market Data

Residential Construction in October at Highest Level in 5 Years

October was a great month for residential construction, with both the single-family and multifamily markets rising to new post-boom levels. Though the government shutdown handicapped the Census Bureau’s data on residential construction, what it did report in its latest

NAR: Pending Home Sales Down Slightly in October

Pending home sales were down in October, and there remain several pitfalls for housing in the coming months. Pending home sales fell yet again in October, and the terrain remains a bit precarious for housing, according to the latest

3 Key Trends in Residential Construction in Houston

Residential construction has been on the rise throughout the country in 2013, but what of here in Houston? October was a very good month for residential construction in Houston. How good? Try these three facts: In October, the latest

Texas Home Prices Remain Consistent in September Case-Shiller

September’s Case-Shiller Home Price Indices were yet another reminder of Texas’ strong housing market. Home prices in Texas remained sturdy as ever in September, according to the latest Case-Shiller Home Price Indices from Standard & Poor’s. Though S&P does not, incredibly,

The 6 Most Important Homebuyer Considerations

Homebuyers have many things to consider when looking for a new residence, but what ranks among the top considerations? Buying a home is all about weighing the positives and the negatives, but as any real estate agent knows, not

Housing Inventory in Houston Down 11% in October

Round and round we go on the housing inventory roller coaster! Where did it stop in October? Existing-home sales may have dipped a bit from September to October, but there was one undeniably positive sign in NAR’s latest report

Existing-Home Sales Down in October for 2nd Straight Month

Inventory shortages continued to cramp existing-home sales’ style, according to the latest analysis by NAR. Existing-home sales were down for the second month in a row in October, falling 3.2 percent from September, according to the National Association of

The 5 Key Characteristics of Homes Purchased in 2013

What types of homes have proven most popular with homebuyers in 2013? We take a look at recent NAR data to find out. Consumer preferences are an ever shifting, evolving landscape, and few regions of the economy shift more

5 Great Signs for October Home Sales in Houston

Houston posted another great month of sales activity in October, with a number of positive factors contributing to the outcome. Houston home sales were positive for the 29th straight month in October, posting a 13.5 percent year-over-year increase, according

NAHB: Builder Confidence Unchanged in November

Builder confidence held steady in November, with more builders seeing conditions as good than bad. Builder confidence for the newly built, single-family home marketplace was unchanged in November from a downwardly revised level of 54 in the latest National

Is Housing in Houston Entering a Bubble?

The housing market has seen strong price gains through much of 2013, but has it grown too rapidly here in Houston? Let’s start with the good news: there’s no way that the national housing market is in a bubble.

The 13 Ways That Home Size Impacts Room Size

There are many components to a house, but how does the house’s overall size impact the space of those components? The last couple of weeks, we’ve been looking at the typical sizes of newly built single-family homes, and how

3 Key Trends that Could Shape Housing

We keep wondering when/if the government will reform Fannie Mae and Freddie Mac, but key trends will determine how those reforms take place. It’s the question on many a real estate professional’s mind – when will the government get

NAR’s 2013 Profile of Home Buyers and Sellers: Homebuyer Characteristics

Christmas comes early every year for the Houston Agent staff with the release of the Profile of Home Buyers and Sellers from NAR. Rejoice – ’tis the most wonderful time of the year! No, we’re not celebrating an early

The 4 Most Common Homebuilder Incentives – Then and Now

Homebuilder incentives were commonplace in the housing market in the months following the market crash, but how common are they now? In the months following the housing crash, homebuilders across the country were presented with a most unique of

How Many Sellers in Houston Lower Their Asking Prices?

How common is it for home sellers in our area to lower their asking prices? And how do we compare with other major metro areas? Signs have been quite clear in recent months that the housing market has noticeably

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