Current Market Data

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. 

Houston area zip codes with the greatest price changes

An Axios analysis of Houston homes on Zillow shows that prices are still rising, especially in the suburbs.

December brings a record increase in housing supply

Homes are lingering on the market longer, up 15% from last year during the four weeks ended Dec. 4, marking the largest uptick in home supply since 2015.

States that saw the most pandemic-era growth are now leading in price reductions

A report from Realtor.com shows that many areas that experienced substantial growth during the pandemic are now posting some of the country’s steepest price reductions.

HAR: Small uptick in new listings

During the week, Realtors entered 2,361 properties into the Multiple Listing Service, a slight increase from the 2,297 properties entered the same week in 2021.

Redfin report shows record-high new construction inventory

A report from Redfin shows that 29% of single-family homes for sale in the U.S. were new constructions in the third quarter of 2022.

HAR’s FRESH Report shows an increase in active listings

Per HAR’s report, new listings are down 4.7% year-over-year. However, the number of active available listings has increased by 68.7% since November 2021.

Declining mortgage rates boost homebuyer demand

Homebuyer demand is rising as mortgage rates continue to decline, according to a new Redfin report.

A look at condominium and townhome sales in Houston

Condominium and townhome sales have stabilized in Texas, according to the Texas REALTORS® 2022 Texas Condominium Sales Report.

HAR: Holiday-season slowdown continues in Houston

New residential listings continued to trail last year’s numbers in the most recent Weekly Activity Snapshot from the Houston Association of REALTORS®.

Investors made up nearly a quarter of all single-family home sales in 2022

Data from the PEW Trust shows that investment companies make up approximately a quarter of the entire single-family home market across the U.S.

Oops! We could not locate your form.