Current Market Data

Millennials are fueling the housing boom — will it continue?
Millennials are fueling the housing boom — will it continue?

Millennials are purchasing houses — finally. Over the past year, millennials made up the largest share of homebuyers: 37% according to Barron’s.

Bidding wars eased in September dropping to a 2021 low
Bidding wars eased in September dropping to a 2021 low

Boston and Raleigh had the highest bidding-war rates, as the rate fell to a 2021 low.

New home listings continue to dip for fourth straight week
New home listings continue to dip for fourth straight week

The outside temperature isn’t the only thing cooling off in Houston as October comes to an end. New listings in Week 42 were down 8.1% compared to the same time last year, according to the Houston Association of Realtors

NAR: Pending-home sales slide 2.3% in September
NAR: Pending-home sales slide 2.3% in September

“Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity.” — NAR chief economist Lawrence Yun

S&P CoreLogic Case-Shiller: Home prices rise again
S&P CoreLogic Case-Shiller: Home prices rise again

Home-price gains were once again broadly distributed, as all 20 cities in the S&P CoreLogic Case-Shiller Home Price Index rose, although in most cases at a slower rate than a month ago.

Mortgage applications rise despite increase in interest rates
Mortgage applications rise despite increase in interest rates

At the same time, the increase in interest rates drove fewer borrowers to refinance their loans, according to the Mortgage Bankers Association.

Housing market starts to balance in September, giving buyers more choices, time
Housing market starts to balance in September, giving buyers more choices, time

The month also saw a slight shift in inventory, even though shortages continued.

New-home sales rebound in September as prices hit new record
New-home sales rebound in September as prices hit new record

“There simply aren’t enough homes for sale relative to the demand fueled by millennials armed with low mortgage rate-driven house-buying power.” — First American Deputy Chief Economist Odeta Kushi

NAR: Existing-home sales rebound in September
NAR: Existing-home sales rebound in September

The median existing-home price for all housing types in September was $352,800, up 13.3% on an annual basis, as every region in the country registered price increases.

New listings of homes in Houston decline again
New listings of homes in Houston decline again

New listings have slowed again in Houston’s real estate market, falling 8.9% during the week ended Oct. 18, according to the Houston Association of Realtors (HAR) weekly activity snapshot.  This nearly 9% decline followed a 1.3% year-over-year decline in

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