Current Market Data

HAR: Slight increase in new listings; huge jump in listings pulled from the MLS

New listings for the week ended Nov. 7 increased 3.2% year over year, according to the Houston Association of REALTORS® Weekly Activity Snapshot.

HAR: Sidelined buyers enter market as Houston home prices approach pre-pandemic levels

The Houston Association of REALTORS’ October 2022 Market Update shows that skyrocketing mortgage rates have contributed to a market cooldown in the Greater Houston area.

Market changes put buyers in the driver’s seat

From dropping home prices, increased inventory and homes staying on the market longer, today’s buyers should look at the upside to what the market means for their prospects.

Texas housing market has calmed down, according to Texas REALTORS®

The Texas REALTORS® 2022 Q3 Texas Quarterly Housing Report shows that the state’s housing market has calmed considerably from its most frenzied days.

Homebuyer demand stabilizes as mortgage rates dip

Homebuyer demand is starting to stabilize as October home sales posted the largest decline since 2015, according to a new report.

Houston Housing Scorecard: Improvement for inventory and housing starts

While existing home sales are down, housing starts have increased year over year. Houston has also seen a healthy increase in inventory.

First-time homebuyers older and fewer than ever before

First-time homebuyers account for the lowest percentage of buyers ever recorded, according to the National Association of REALTORS®.

New listings still trail 2021 volumes

New listings were down 6.6% year over year in the week ended Oct. 31, according to Houston Association of REALTORS®’s Weekly Activity Snapshot.

HAR FRESH Report: Active listings have risen year over year

The Houston Association of REALTORS® FRESH Report shows that while new listings are down, active listings nearly double the amount of inventory that was available in October of 2021.

Homes staying on the market longer, sellers feeling the pressure

The median age of inventory in Houston is 57 days, down from 83 before the pandemic began.

CoreLogic: September brings fifth consecutive monthly slowdown in home-price growth 

Looking ahead, CoreLogic expects national year-over-year appreciation to slow to 3.9% by September 2023. 

NAR: Pending-home sales drop 10.2% in September 

September is the fourth month in a row to see declining sales activity. 

Mortgage rates top 7% for first time since 2002 

A 30-year fixed-rate mortgage rose to 7.08% this week from 6.94% a week ago, Freddie Mac reported. A year ago, the average mortgage carried a 3.14% rate. 

HAR reports new listings dip this week in Houston

Houston Realtors entered 2,555 properties into the MLS for the week ending Oct. 24. That’s a 5% decrease from last year, when 2,689 new properties were listed.

New-home sales resume downward trajectory in September 

Mortgage rates continued to weigh on homebuyers in September, following a brief uptick in new-home sales in August.  

MBA: Mortgage applications fall as 30-year fixed hits 21-year high

At the same time, mortgage applications declined 1.7% on a seasonally adjusted basis on a week-over-week basis, according to the Mortgage Bankers Association. 

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