Real Data

Redfin: Home-buying demand reaches all-time high
Redfin: Home-buying demand reaches all-time high

The demand for housing in the U.S. has reached a new all-time high since 2017, a rare occurrence for this time of year when the market typically slows. According to a Redfin report, a recovering economy and all-time low mortgage rates are critical factors in the current market. 

Second-home demand up 70% from pre-pandemic levels
Second-home demand up 70% from pre-pandemic levels

Demand for second homes was up 70% from pre-pandemic levels in October, according to a new report from Redfin. This outpaced August’s 48% gain but was below January’s record 91% growth.

New Houston listings register fifth straight week of declines
New Houston listings register fifth straight week of declines

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

HAR: Low pending listings could lead to slower closings in weeks ahead
HAR: Low pending listings could lead to slower closings in weeks ahead

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

Bidding wars eased in September dropping to a 2021 low
Bidding wars eased in September dropping to a 2021 low

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

New home listings continue to dip for fourth straight week
New home listings continue to dip for fourth straight week

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

September saw fewer homes sold, another increase in prices
September saw fewer homes sold, another increase in prices

Lack of inventory continues to restrict home sales as fewer homes sold in September, and closed home sales dropped.

Houston housing market remains on-course for record year
Houston housing market remains on-course for record year

The humming Houston real estate market is positioned for a record finish as it heads toward the final quarter of 2021. 

Home building activity in Houston continues upward climb
Home building activity in Houston continues upward climb

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).

HAR: Last week’s housing inventory boost short-lived
HAR: Last week’s housing inventory boost short-lived

The first week of October saw a drop in new listings, falling 18.4% from last week’s fleeting inventory surge.

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