Current Market Data

Rental market grows more competitive in Houston

Rental analysis website RentCafe has identified Houston as the Texas rental market that heated up the most during 2022’s peak rental season.

Home supply posts record year-over-year increase

Homes linger on market longer as buyers take their time.

Decreased real estate activity during Christmas week

“Showings typically slow to a trickle during the last two weeks of the year because of the holidays, and 2022 is no exception,” HAR’s report reads.

NAR: Pending-home sales slide for sixth month in a row in November 

Regionally, the pending-sales index fell 7.9% month over month in the Northeast, 6.6% in the Midwest, 2.3% in the South and 0.9% in the West. 

Houston among best cities in the country for financial health

Houston ranked seventh overall, with TheCreditReview citing “overall residential financial health” across the Bayou City.

New-home sales rise again in November 

At the same time, the median sales price of a new house slid to $471,200 from $484,700 in October and $430,300 a year earlier, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported. 

The 10 most-expensive listings in Texas

The Houston Association of REALTORS® put out a report detailing the 10 most-expensive home listings across Texas this month.

New, pending listings continue to trail 2021 levels in latest HAR Snapshot

As 2022 draws to a close, new and pending listings in Houston still trail 2021 levels.

NAR: Existing-home sales fall 7.7% in November 

The month-over-month decline in sales came as prices rose for the 129th consecutive month, the National Association of REALTORS® said. 

Texas ranks as one of the greenest states, thanks to solar power

Texas ranks as the second-greenest state in the country when it comes to solar power, trailing only behind California.

New-home construction slides in November as builders pull back 

New-home permits fell 11.2% month over month, while housing completions jumped 10.8% in what one observer said could have “worrisome” long-term consequences for the nation’s housing supply. 

Homeownership still a top priority among consumers, survey finds

Current real estate market conditions have not discouraged buyers from their plans of homeownership, according to a new survey from RE/MAX.

HAR: Sellers pulling homes from the market

The Houston Association of REALTORS® Weekly Activity Snapshot shows year-over-year decreases in new listings, pending listings and closings, with a hefty increase in off-market listings.

HAR’s November 2022 Market Update

Single-family home sales fell 30.4% year-over-year in November, according to the latest Houston Association of REALTORS® Market Update.

Houston renters won’t be buying any time soon

According to an analysis from real estate website Point2Homes, Houston renters do not make enough money to purchase starter homes.

MBA: Mortgage applications rise in latest weekly survey 

The 30-year fixed-rate inched to 6.42%, which is still close to the lowest rate in a month, the group said. 

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