Trends

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Redfin report shows record-high new construction inventory

A report from Redfin shows that 29% of single-family homes for sale in the U.S. were new constructions in the third quarter of 2022.

A look at condominium and townhome sales in Houston

Condominium and townhome sales have stabilized in Texas, according to the Texas REALTORS® 2022 Texas Condominium Sales Report.

Investors made up nearly a quarter of all single-family home sales in 2022

Data from the PEW Trust shows that investment companies make up approximately a quarter of the entire single-family home market across the U.S.

NAR: Pending-home sales slide for fifth consecutive month in October

October’s 4.6% monthly drop follows a 10.2% decline in September, the National Association of REALTORS® reported. 

S&P CoreLogic Case-Shiller: U.S. housing prices continue to lose ground

Housing prices were down in all 20 cities tracked by the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.

New-home sales post surprise gain in October as median price hits new high

New-home sales rose 7.5% month over month, while the median price of a new house surged to $493,000 from $455,700 in September and $427,300 a year ago, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.   

HAR: New listings “typical for this time of year”

New listings tend to dip into the negative territory around the holidays, as consumers are busy with preparations.

MBA: New-home mortgage applications fall in October

The pace of new single-family home sales, meanwhile, fell 6.1% from September to 598,000. 

NAR: Existing-home sales fall again in October as prices continue to rise

The median existing-home price rose for the 128th month in a row, extending its record-breaking streak of increases. 

Housing starts slow in October but remain elevated

The number of homes under construction rose during the month, as homebuilders continued to work through a large backlog of homes. 

MBA: Mortgage applications rebound on lower rates

The largest single-week decline in conventional mortgage rates since July brought the first increase in home-loan applications since September, the Mortgage Bankers Association said. 

HAR: Housing affordability decreases nationwide

HAR’s Q3 2022 Housing Affordability Index shows that only 41% of Houston households can afford to purchase a median-priced home. A year ago, that statistic was significantly higher at 53%.

How much have Houston home prices risen over the past decade?

A new study from Texas Real Estate Source reveals which Texas metro areas have seen the largest increases in property prices since 2012.

Texas housing market has calmed down, according to Texas REALTORS®

The Texas REALTORS® 2022 Q3 Texas Quarterly Housing Report shows that the state’s housing market has calmed considerably from its most frenzied days.

Houston Housing Scorecard: Improvement for inventory and housing starts

While existing home sales are down, housing starts have increased year over year. Houston has also seen a healthy increase in inventory.

First-time homebuyers older and fewer than ever before

First-time homebuyers account for the lowest percentage of buyers ever recorded, according to the National Association of REALTORS®.

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