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.

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®.

New-home sales resume downward trajectory in September 

Mortgage rates continued to weigh on homebuyers in September, following a brief uptick in new-home sales in August.  

MBA: Mortgage applications fall as 30-year fixed hits 21-year high

At the same time, mortgage applications declined 1.7% on a seasonally adjusted basis on a week-over-week basis, according to the Mortgage Bankers Association. 

Houston led the country in new apartment construction in the first half of 2022

With 4,746 units built in the first six months of 2022, Houston leads the country in new apartment construction, according to a new report from RentCafe.

NAR: Existing-home sales fall for eighth month in a row in September 

Month over month in September, existing-home sales slid 1.5% to 4.71 million, which is 23.8% lower than the year before. 

Housing starts miss expectations in September 

New home construction missed analyst estimates in September, falling 8.1% month over month to an annual rate 1,439,000 homes, according to government statistics. 

Texas cities rank among the best for digital nomads

With the work from home era in full swing, many Americans are taking advantage of their unconventional work routines to try out the nomadic lifestyle. While working remotely, these people travel from city to city rather than set down roots in one place.

More than half of Americans would buy a haunted house in 2022

Approximately 58% of homebuyers say they’d be willing to purchase a haunted house — and nearly 25% think they already have.

NAR: 2022 Member Safety Report for residential real estate

While 23% of residential Realtors claim they have feared for their safety while on the job, 98% reported that they have never been the victim of a crime while at work.

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