Real Data

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 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

Houston market hits winter freeze as new listings continue downward trend

The number of new listings in the Houston real estate market continue to trail 2020 levels as they closed out their sixth consecutive week of declines on Dec. 20, according to the Houston Association of Realtors (HAR) weekly activity snapshot. 

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