Trends

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Houston home prices reach new highs in May

Home-price growth remained in double digits for the 10th straight month in May as inventory lows pushed the median listing prices up 15.2% from last year.

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NAHB: Shortest-commute locations see fastest homebuilding pace in Q1

Longer-commute areas continued to claim the largest market share in single-family home building, but the construction growth rate was strongest in places with shorter commuting times, the National Association of Home Builders said, citing its quarterly Home Building Geography Index.

Zombie foreclosures up 21% across the country

Of the 99 million residential properties in the U.S., approximately 1.4 million (or 1.4%) are vacant this quarter, with “zombie” home rates increasing both quarterly (21%) and annually (5.6%).

Builders report historic, broad-based levels of materials shortages

Special questions added to the National Association of Home Builders’ monthly builder survey found 90% or more of respondents had experienced shortages of plywood, oriented strand board, framing lumber and appliances, with most other materials also hard to come by.

NAR: Pending home sales slide in April on tight inventory

Year over year, however, pending home sales were up 57.1%, the NAR said, citing its monthly Pending Home Sales Index.

Houston’s new and pending listings drop for the first time in weeks

New, pending and off-market listings are all down, while the number of closings climbs as Houston’s housing market continues to struggle to keep up with demand.

COVID savings fuels millennial down payments

First-time homebuyers found their long-term plans changed due to COVID.

Mortgage applications drop 4% on higher rates in latest MBA survey

“Demand is robust throughout the country, but homebuyers continue to be held back by the lack of homes for sale and rapidly increasing home prices.” — MBA Associate Vice President of Economic and Industry Forecasting Joel Kan

Housing-price increases continue to gain steam

The national year-over-year gain is the highest recorded since December 2005, Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indexes, said in a press release.

In Texas, five people move in for every one person who leaves

With the eighth-lowest tax rate in the country, Texas attracts people from all over.

RE/MAX: Recordbreaking median home sales price climbs again in April

The limited inventory that has plagued the housing market continued, although at an abated pace.

What are the best days to sell a home?

An analysis of 10 years of home sales found the spring and summer months offer the most gains for sellers, particularly the month of May.

Gen X and millennials want home gyms. Boomers? Not so much.

Whether they’re still weary of going to a gym full of people or just looking to work off those extra pandemic pounds in privacy, homebuyers are increasingly prioritizing home exercise rooms.

The 10 most expensive Houston homes sold in April

As Houston’s luxury home market stays red-hot, nine Houston buyer’s agents helped clients purchase the 10 most expensive homes in April priced up to $7,450,000.

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It’s a seller’s market, Fannie Mae survey shows

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 real estate continues to shatter records through April

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.

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