Trends

3 Trends that Could Influence Housing Inventory in 2014

We keep hearing that housing inventory has no where to go but up…but what factors will actually cause it to increase? “Housing inventory has bottomed.” “Housing inventory will recover.” “New homes will begin entering the marketplace.” Yeah, we remember

4 Essential Features for Millennial Homebuyers

Everybody and their uncle knows that Millennials will be integral to the housing recovery, but what do they actually want in a house? The Millennial generation, which encompasses Americans born between the early ’80s and early 2000s, is the

Builder Confidence Drops 10 Points in Feb. to Lowest Mark in 12 Months

Builder confidence had been on a tear through 2013, but it seems to have hit a road block in 2014. Builder confidence fell precipitously in February, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

Price Per Square Foot in Houston Jumps 17.3% in January

Has price per square foot continued its 2013 ascent in the New Year? Many things occurred in the housing market in 2013, but perhaps the most notable was the marked ascent in home prices and the price per square

Houston Leads the Country in New Home Construction

A new study finds that Houston has the most active new construction market in the nation. Houston led the nation in single-family home construction, according to a Metrostudy cited by a CultureMap Houston article. According to the article, the

What’s the Most Effective Bidding War Strategy?

With inventory low and showing no signs of improving, what can agents do to distinguish their clients? Houston started out 2014 with another double-digit decline in housing inventory, and such low supply in a recovering housing market can only

Higher Priced New Homes See Far Stronger Sales Increases Since 2010

Though new homes have seen, on average, very impressive sales increases since 2010, the specific gains have told a different story. We’ll start with the good news – after its worst years since record-keeping began in the ’60s, the

Housing Affordability in Houston Falls 10.2%

Housing affordability has fallen nationwide in the last year; what of here in Houston? Housing affordability in the Houston housing market fell 10.2 percent in 2013, according to newly released data by the National Association of Realtors. From 2012 to 2013,

Inventory in Houston Starts 2014 on Wrong Foot, Drops 18.5%

Houston’s housing inventory blues have not improved much with the New Year. Houston’s housing market has distinguished itself from other national markets in several ways the past few months; unfortunately, the area’s rapidly declining housing inventory has been one

Trulia: Houston Asking Prices Leap 13.5% in January

Houston’s housing market continued to grow in confidence in January. Asking prices in the Houston-area housing market increased 13.5 percent year-over-year in January, according to the latest Price Monitor from real estate website Trulia. That continued Houston’s track record of strong

CoreLogic: Houston Home Prices Rise 10.7% in 2013

Houston’s housing market showed some definite positivity in 2013, according to CoreLogic. Home prices in the Houston marketplace rose 10.7 percent in 2013, according to the latest CoreLogic Home Price Index. That was the sixth strongest yearly increase of all the

Census Bureau: Residential Construction Jumps 18% in 2013

Last year proved a very positive one for residential new construction, according to the final Census Bureau numbers. Residential construction spending finished out 2013 at a very fine $352.6 billion, according to the final number crunching by the U.S.

Redfin: 26% of Houston’s Listings Pending in Two Weeks

Has Houston’s housing market picked up any steam in the last year, or is it moving sideways? We’ve been reporting with marked regularity on how the nation’s housing market has slowed down, but is that trend consistent here in

NAR: Housing Inventory in Houston Drops 13.3%

Housing inventory is something we follow pretty closely, and realtor.com’s latest numbers suggest quite a bit about the current housing market. Oh housing inventory, how we love you. One of the major narratives of the housing recovery, it seems

Residential Construction in Houston Hits $543 Million in Dec.

Houston put up some of the strongest residential construction numbers in the U.S. in December, though the market did take a step back from 2012. Residential construction in the Houston area totaled $543 million in December, according to the

CoreLogic: Houston Foreclosure Inventory Down 16%

Houston’s foreclosure inventory continues to improve, according to the latest research by CoreLogic. Houston’s foreclosure marketplace continued to improve at the end of 2013, according to CoreLogic’s latest National Foreclosure Report. In Dec. 2013, just 1.0 percent of the Bayou City’s

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