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Real Data

Rise in new listings gives New Year’s buyers more choices

A rise in new listings is giving buyer’s in the new year more homes to choose from, according to a new report from Redfin.
New-home sales rise 5.9% month over month in November

The median-sales price slid from $425,600 in October to $402,600 last month. 
NAR: Existing-home sales rise in November for sharpest gain since 2021

The year-over-year increase of 6.1% is the greatest since June 2021, according to the association. 
Houston ranks among top 100 US cities with highest rents

Houston is the 65th-priciest rental market in the country, according to Zumper’s November National Rent Report.
NAR: Pending home sales hit highest level since March

September pending home sales rose 7.4% to their highest level since March, according to the National Association of REALTORS®.
Home sales decline as buyers await lower mortgage rates, new NAR rules, election outcome

While the average monthly housing payment in the U.S. fell to its lowest level since the start of the year, it isn’t improving sales, as potential buyers are holding out for lower mortgage rates.
U.S. housing supply receives boost, marks first increase in eight months

With the spring market right around the corner, the U.S. housing supply finally got a boost. 
Flattening homebuyer budgets indicate price growth will begin to slow

Redfin economists say they expect the cooldown in budgets to lead to a cooldown in price growth over the next few months. 
May marks turning point in housing frenzy, homebuyers starting to regain control

The shift comes at a great cost as rising mortgage rates continue to keep buyers out of the market.

Houston cost of living nearly six percent lower than national average

Houston’s housing costs are 18.6% lower than the national average, according to Rent.com. The overall cost of living is nearly 6% lower.
Steady consumer demand drives home prices to record highs, inventory to historic low

According to the Houston Association of REALTORS® February 2022 Market Update, single-family home sales totaled 7,372 last month, a 22.9% jump from the previous year. 
Inflation a source of frustration among Houston renters

Currently, median rents in Houston stand at $1,012 for a one-bedroom apartment and $1,204 for a two-bedroom. Houston’s median two-bedroom rent is below the national average of $1,294, an Apartment List report noted.
Housing affordability a concern as average listing prices climb

The average list price (ALP) for a Houston home rose to an all-time high in February, supporting ongoing concerns about housing affordability in 2022, the Houston Association of REALTORS® (HAR) reported this week. 
Rising interest rates could bring balance to the housing market

While rising interest rates may lead to more reductions in the housing supply, it may also bring some much-needed balance to the market.
Home supply sees largest decline since pandemic’s start

December housing sales fell lower than they have since the start of the pandemic, a new Redfin report found.
Median home prices reach an all-time high

“Fewer homes are selling because of a lack of supply, while demand remains strong.” — Redfin chief economist Daryl Fairweather

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