Current Market Data
The decrease was driven by a 5.1% month-over-month slide in the rate of multifamily starts, while single-family construction was flat.
Days on market rose 7.4% from August, and months supply of inventory slid 5.6%, according to RE/MAX’s National Housing Report.
Climate change will negatively impact the already-stunted housing inventory in the U.S., according to a recent Redfin report.
It’s been barely three months since the federal moratorium on foreclosures expired, but it’s starting to prove costly, as nationally, foreclosures are on the rise, having increased 67% from last year.
While the past year has been unprecedented in terms of economic change and a global pandemic, most U.S. home sellers’ experiences were similar to past years, according to Zillow’s latest consumer housing trends report. Consistent with the past three
As remote work becomes the new norm for many homeowners, real estate professionals are encouraging clients to consider implementing insurance-based smart home technology into their homes.
The humming Houston real estate market is positioned for a record finish as it heads toward the final quarter of 2021.
Despite supply and lot availability shortages, Houston’s continued new-home growth is strong and home building outlook remains positive, according to a report by the Greater Houston Builders Association (GHBA).
The first week of October saw a drop in new listings, falling 18.4% from last week’s fleeting inventory surge.
Asking prices for homes reached an all-time high in September, despite pending sales and new listings cooling.
Mortgage rates rose quickly last week. The 30-year fixed mortgage rate hit 3.01%, up 0.13% from the week prior.
Housing affordability has changed across all 50 top markets, proving to be more affordable than it was during the previous housing peak, according to First American Financial’s latest Real House Price Index.
Houston’s housing inventory appears to be on a slight rebound, as new listings rose 1.5% during the last week of September, breaking a three-week run of declines.
All four geographic regions saw increases, led by the Midwest, which clocked a 10.4% rise from July, and the South, where sales rose 8.6%. Pending transactions rose 7.2% in the West and 4.6% in the North.
Property values continue to rise and those looking to downsize can make the most of the current market highs, but how much you can save by downsizing can vary significantly depending on where you live.
A new report shows the market cooled in August, at least in terms of the number of prospective buyers looking at homes.
