Current Market Data

Houston home sales continue to soar
Houston home sales continue to soar

As housing demands hold steady and home prices rise, the number of new listings, pending listings, closings and showings were up compared to this time last year.

Forbearance rate drops to 4.5%
Forbearance rate drops to 4.5%

As the economy slowly recovers from the early days of the pandemic, the share of loans in forbearance dropped for the seventh consecutive week, signifying a 40-basis-point decrease in the last two weeks.

Houston rent holds steady following a year COVID
Houston rent holds steady following a year COVID

Rent rates nationwide have been decreasing since the onset of the pandemic, but new data shows that in some cities, this could be changing in the near future.

Houston spring market most competitive in years
Houston spring market most competitive in years

With the lowest level of inventory in nearly 40 years, the 2021 spring market has homebuyers facing a level of competition not seen in a generation.

Millennials gain a foothold in today’s housing market
Millennials gain a foothold in today’s housing market

As they come of peak age for first-time homeownership, millennials are gaining an increasing share of today’s housing market.

RE/MAX: Median sales price tops $300,000 for first time
RE/MAX: Median sales price tops $300,000 for first time

The median sales price of homes across 53 metro areas rose to record highs in March, topping $300,000. In Houston, the median sales price rose 4.7% between February and March to $288,000.

New home construction surges in March, suggesting relief for homebuyers
New home construction surges in March, suggesting relief for homebuyers

Privately-owned housing starts jumped 19.4% from February’s revised estimate to a seasonally adjusted annual rate of 1,739,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development

Zillow: Most experts expect relief to supply woes later this year, early 2022
Zillow: Most experts expect relief to supply woes later this year, early 2022

Forty-three percent of respondents to the first-quarter Zillow Home Price Expectations survey expect inventory to improve in the second half of the year, followed by 26% who expect it in the first half of 2022.

Midweek listings in Houston selling for a little more
Midweek listings in Houston selling for a little more

Homes listed on a Tuesday, Wednesday or Thursday are selling for more than those listed on the weekend, but how much varies by metro area.

Houston single-family home sales rose by 24% in March
Houston single-family home sales rose by 24% in March

A combination of a lack of inventory for low-priced homes, aggressive shopping among high-end homes and historically low interest rates led to a surge in the sales of single-family homes in March.

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