Nationally, the week of April 16-22 is likely to provide sellers with the most favorable conditions for a successful sale of any week of the year, although the exact timing varies widely by market. 

Multifamily construction may have exceeded demand in Houston, according to Colliers’ latest report.

A shortage of existing-home inventory is driving more people to the market for newly built homes. 

Increased mortgage rates have sidelined many would-be buyers, allowing inventory levels to increase. As a result, buyers can now “shop around” more than during the peak of the pandemic, putting the burden of concessions back on sellers.

Homebuilders expressed “cautious optimism” that the lack of existing inventory would drive demand for new homes despite high construction costs and interest rates, the National Association of Home Builders reported.    

There are 58 less million-dollar cities in the U.S. than there were in July of last year, according to a new report from Zillow.

The most-expensive sale of the month was listed by Walter Bering of Martha Turner Sotheby’s International Realty.

The Texas housing market may have finally calmed from the pandemic housing frenzy, according to the Texas REALTORS®’ 2022 Texas Real Estate Year in Review report.

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.

As rising mortgage rates cool the market, the share of U.S. homes worth at least $1 million has fallen from an all-time high last year.

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

People staying in their homes longer is contributing to the lack of inventory that continues to impact buyers.

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

Houston is one of the most popular places to move to — or, at least the most popular places to think about moving to, according to a new analysis from Redfin.

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.