Current Market Data
Housing records continue to be broken, but despite the strong numbers, data could indicate homebuyer demand is reaching a peak.
Higher income, backed up by lower mortgage rates, has expanded the reach of the average homebuyer, but an increased demand for homes has concurrently driven up prices, negating two of the three main factors in First American Financial Corp.’s Real House Price Index.
With the eighth-lowest tax rate in the country, Texas attracts people from all over.
The limited inventory that has plagued the housing market continued, although at an abated pace.
An analysis of 10 years of home sales found the spring and summer months offer the most gains for sellers, particularly the month of May.
Residential property equity continued to grow in the first quarter of 2021, with one in three homes considered equity rich.
While the competition was not quite as strong across Houston, the 62.4% rate on offers this past April was a slight bump from the 60.4% rate in March, and a dramatic rise from the 36.2% rate in April 2020.
Builder confidence was steady in May, carrying over April’s reading of 83 for another month, according to the most recent National Association of Home Builders/Wells Fargo Housing Market Index.
Whether they’re still weary of going to a gym full of people or just looking to work off those extra pandemic pounds in privacy, homebuyers are increasingly prioritizing home exercise rooms.
As Houston’s luxury home market stays red-hot, nine Houston buyer’s agents helped clients purchase the 10 most expensive homes in April priced up to $7,450,000.
Americans believe it’s a much better time to sell a home than to buy one, according to Fannie Mae’s latest survey of home purchase sentiment.
Houston saw an increase in single-family home sales, total property sales, total dollar volume sales, new listings, pending listings, closings and showings compared to April 2020.
Practically every single one of the 183 metro areas tracked by the NAR saw significant year-over-year increases in the price of homes during the first quarter, with the median sales price of a single-family home in Houston jumping to 14.9% on a year-over-year basis to $281,800.
The number of buyers who locked in mortgage rates for second homes spiked to 178% year over year in April, according to a report from Redfin.
The housing market hit records last month as home prices reached an all-time high and homes sold faster than ever.
Listing keywords associated with families and children, like community pools, nearby parks and cul-de-sacs, led to both faster-than-expected sales and higher premiums.
