Current Market Data

NAHB: Builder confidence plunges in May on affordability concerns 

The release of the monthly survey from the National Association of Home Builders comes as the Biden Administration unveiled a housing-supply action plan that aims to boost the supply of affordable apartments and new homes. 

Less buyers doesn’t mean more available homes

Despite the drop in demand, homes are selling faster than ever.

Texas ranks 14th best in nation for business tax climate

A new report by the Tax Foundation ranks Texas No. 14 in the country when it comes to business tax climate.

Houston home sales remain strong in April as prices soar

Despite Houston real estate’s robust performance last month, sales volume in April failed to keep up with the previous year’s historic pace.

Mortgage applications rise for second week despite historically high rates 

Despite a slow start to the spring homebuying season, prospective buyers are showing some resiliency in the face of higher mortgage rates, as seen by two weeks in a row of increasing loan applications. 

Sellers drop prices as buyers continue to find little relief

Homes are selling at record-breaking speed.

Smaller markets lead the way in Q1 home-price gains; Houston sees 17.4% rise 

Seventy percent of the 185 metros surveyed by the National Association of REALTORS® saw double-digit price gains in the first quarter, compared to 66% in the preceding period. 

Homebuyer competition fell in March for the first time in six months

While competition fell nationally, Houston’s actually rose.

Mortgage applications fall as rates hit 13-year high 

Overall mortgage-application volume was at its lowest level since 2018, the Mortgage Bankers Association said.

New-home sales fall again in March 

Low inventory and rising interest rates have reduced prospective homebuyer purchasing power. 

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