The Mortgage Bankers Association noted the increase in borrowing activity came despite the 30-year fixed mortgage rate climbing to its highest level since November 2022. 

We can compare today’s market activity to pre-pandemic numbers for a more accurate sense of what we can expect this spring homebuying season.

In January, home prices were up 5.5% annually and down 0.2% monthly, CoreLogic reported, citing its monthly Home Price Insights report. 

The 8.1% month-over-month increase in the National Association of REALTORS® Pending Home Sales Index was the largest gain since June 2020. 

The median sales price of a new home declined on both a monthly and yearly basis, however, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.        

Curious about luxury inventory in Texas? These homes are the most expensive new listings currently for sale in the Lone Star State.

The 30-year fixed-rate mortgage averaged 6.32% as of Feb. 16, up from 6.12% a week before and 3.92% a year earlier. 

The average size of new apartments across the country has decreased by 30 square feet year over year, according to a new report from RentCafe.

The pace of mortgage applications fell 7.7% in the week ended Feb. 10, the Mortgage Bankers Association reported. 

Builder confidence rose for the second consecutive month in February with a seven-point increase that brought it to its highest level since last September, the National Association of Home Builders said. 

The Houston Association of REALTORS® latest report of the most expensive homes sold in Houston details the 10 priciest closed sales during the months of January.

The 30-year fixed rate fell for the fifth week in a row, giving a lift to lending activity, the Mortgage Bankers Association said. 

Bellaire, Tiki Island and Fulshear top the list, according to Stacker.

Despite incremental increases in new listings throughout January, new listings fell 10.7% below 2022 levels in the fourth week of January.

The most expensive listing of the month was listed by Frada Sandler of Dave Perry Miller Real Estate.

The median sales price of a new home was down on a monthly basis but up on an annual one.