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Americans believe it’s a much better time to sell a home than to buy one, according to Fannie Mae’s latest survey of home purchase sentiment.
Houston saw an increase in single-family home sales, total property sales, total dollar volume sales, new listings, pending listings, closings and showings compared to April 2020.
Practically every single one of the 183 metro areas tracked by the NAR saw significant year-over-year increases in the price of homes during the first quarter, with the median sales price of a single-family home in Houston jumping to 14.9% on a year-over-year basis to $281,800.
The number of buyers who locked in mortgage rates for second homes spiked to 178% year over year in April, according to a report from Redfin.
Listing keywords associated with families and children, like community pools, nearby parks and cul-de-sacs, led to both faster-than-expected sales and higher premiums.
The Houston Association of Realtors’ FRESH report briefly covers new listings, active listings and average list price for single-family homes activity in April 2021 compared to April 2020.
Transcendent Electra, a partnership between Transcendent Investment Management and Electra America, has $496 million of properties in contract process and closing and another $1 billion in the pipeline.
The NAHB attributed the monthly increase in its construction spending index to single-family construction and single-family improvements, both of which rose by 2% on a monthly basis. Multifamily construction, meanwhile, declined 0.3% after falling 0.9% in February.
Home closings saw their most considerable one-week year-over-year increase and there was also a significant rise in the number of new listings, pending listings and showings.
As housing demands hold steady and home prices rise, the number of new listings, pending listings, closings and showings were up compared to this time last year.