Current Market Data

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.

NAR: Pending-home sales slide for fifth consecutive month in October 

October’s 4.6% monthly drop follows a 10.2% decline in September, the National Association of REALTORS® reported. 

S&P CoreLogic Case-Shiller: U.S. housing prices continue to lose ground

Housing prices were down in all 20 cities tracked by the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.

New-home sales post surprise gain in October as median price hits new high 

New-home sales rose 7.5% month over month, while the median price of a new house surged to $493,000 from $455,700 in September and $427,300 a year ago, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.   

Mortgage applications rise as home supply sees record increases

That wasn’t the only good news as the end of the month neared.

10 most expensive active listings in Texas

Many of the most expensive listings in Texas from the month of November are located in Houston, according to data from Texas Multiple Listing Services.

HAR: New listings “typical for this time of year”

New listings tend to dip into the negative territory around the holidays, as consumers are busy with preparations.

Pending home sales drop 32.1% in October, the steepest year-over-year decline in nine years

If inflation continues to cool, the historic slowdown could ease.

MBA: New-home mortgage applications fall in October 

The pace of new single-family home sales, meanwhile, fell 6.1% from September to 598,000. 

NAR: Existing-home sales fall again in October as prices continue to rise 

The median existing-home price rose for the 128th month in a row, extending its record-breaking streak of increases. 

Houston market correction continues with small decline in new listings

Despite a small increase in new listings last week, there was a 7.8% year-over-year decrease in new properties entered into the Multiple Listing Service (MLS) for the week ending Nov. 14.

When’s the best time to get a deal on a home in Houston?

Mid-week price cuts offer the most bargains in today’s market.

Housing starts slow in October but remain elevated 

The number of homes under construction rose during the month, as homebuilders continued to work through a large backlog of homes. 

MBA: Mortgage applications rebound on lower rates 

The largest single-week decline in conventional mortgage rates since July brought the first increase in home-loan applications since September, the Mortgage Bankers Association said. 

HAR: Housing affordability decreases nationwide

HAR’s Q3 2022 Housing Affordability Index shows that only 41% of Houston households can afford to purchase a median-priced home. A year ago, that statistic was significantly higher at 53%.

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