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As the economy recovers from COVID and the housing market gains traction, homeownership is top of mind for Americans, according to the latest survey from Coldwell Banker Real Estate LLC.
The seasonally adjusted estimate of new houses for sale at the end of September was 389,000, representing a supply of 6.3 months at the current sales rate, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.
The U.S. housing market kept firing on all cylinders, as the demand for residential real estate drove prices higher for the 116th month in a row, marking the longest streak on record.
While Houston became home to nearly 600,000 new residents between 2014 and 2018, thousands of Houstonians left the city, too — but the majority didn’t go far, according to a new Stacker report.
It’s been a crazy year for real estate with bidding wars, record home prices and historically low inventory, but that may all come to an end in 2022
Among the 51 metro areas surveyed in October, closed transactions were down 6.4% from September, nearly twice the average pre-pandemic decline of 3.3% between 2015 and 2019, RE/MAX said, citing its National Housing Report.
November’s reading of 83 was up three points from October, driven by low existing inventories and strong buyer demand, the National Association of Home Builders reported, citing the latest NAHB/Wells Fargo Housing Market Index.
Houston experienced cooling in more than just the outdoor temperatures in October, according to the Houston Association of Realtors (HAR) October 2021 Market Update.
Housing observers noted that demand for housing remains robust despite the lack of new supply.
Should you wait until spring to put your home on the market? A recent Realtor.com report says, not necessarily.