New home listings continued to lag behind 2020 levels for the fifth consecutive week, according to the Houston Association of Realtors weekly activity snapshot. 

Houston experienced cooling in more than just the outdoor temperatures in October, according to the Houston Association of Realtors (HAR) October 2021 Market Update. 

Housing observers noted that demand for housing remains robust despite the lack of new supply.

Should you wait until spring to put your home on the market? A recent Realtor.com report says, not necessarily.

According to real estate data provider ATTOM, foreclosure filings, which include default notices, scheduled auctions or bank repossessions, rose 5% in October on a monthly basis and 76% from October 2020, to 20,587 filings.

Seventy-eight percent of the 183 U.S. markets monitored by the National Association of Realtors had double-digit increases in their median home prices, a decline from the second quarter, when 94% of markets saw double-digit increases.

The supply of affordable homes on the market rose a record 13% in the third quarter as mortgage forbearance programs ended, prompting low-cost homeowners to put their properties on the market.

New listings lagged behind their 2020 performance for a fifth consecutive week during Week 43. Realtors entered 2,376 properties into the Multiple Listing Service (MLS), down 13.3% from 2,739 during the same week last year, according to the Houston

“Mortgage rates decreased for the first time since August, as concerns about supply-chain bottlenecks, waning consumer confidence, weaker economic growth and rising inflation pushed Treasury yields lower.” — MBA associate vice president of economic and industry forecasting Joel Kan

New listings began their seasonal slowdown in October, down 5.1% from the same month in 2020, according to a new report by the Houston Association of Realtors (HAR).  The First Real Estate Snapshot of Houston (FRESH) report, released by

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

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

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

“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

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.

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