National News

Housing Starts Fall in June, But Positive Trends Continue

Though builder confidence hit its highest mark in seven years this week, the latest construction report from the Census Bureau was underwhelming…or was it? June was a bit of a downer for new construction – at least on the

Houston Lags Behind Nation in Latest FNC Residential Price Index

May was a lukewarm month for home prices in Houston, with the Bayou City lagging behind the nation on both monthly and yearly measures. May was a good month nationally but a lukewarm month locally for home prices, as

Builder Confidence Soars in July to Highest Mark in 7 Years

July was a mighty good month for homebuilders, if the latest Housing Market Index from the National Association of Home Builders is any indicator. Builder confidence for newly built, single-family home market hit its highest mark in more than

The 5 Most Important Characteristics of Today’s Homebuyers

NAR’s 2013 Home Buyers and Seller Generational Trends report is massive, and among its many findings are great insights into homebuyer characteristics. The National Association of Realtors publishes many reports on real estate and the many individuals involved in

RealtyTrac: Foreclosures at Lowest Level Since 2005

Foreclosure starts were down by a hefty amount in June, according to the Midyear 2013 U.S. Foreclosure Market Report from RealtyTrac. Foreclosures in the U.S. were down to their lowest level since 2005 in June, falling 21 percent from

What are the Preferences of the Most Active Foreign Homebuyers?

Homebuyers from Canada, China, Mexico, India and the UK make up 53 percent of all foreign home purchases in the U.S. What do they look for in homes? Foreign homebuyers accounted for $68.2 billion in home purchases from March

Apartment Vacancy Rate Remains Unchanged, But Promise Lies Ahead

Reis analysis on apartment vacancy and rental rates show small potential in the second quarter In April, we read the first quarter 2013 analysis from Reis and learned the apartment vacancy rate was at the lowest point in a

How Rising Mortgage Rates are Affecting Prospective Homebuyers

Mortgage rates are at their highest levels in years, but how are they impacting the decisions of potential homebuyers? A new Trulia survey explains. Well, it was fun while it lasted! After falling for a sustained, seemingly endless length

CoreLogic: Foreclosure Inventory Down 29 Percent in May

CoreLogic’s National Foreclosure Report for May offered another dose of positivity for housing, with foreclosure inventory down by nearly a third. The U.S. foreclosure markets continued to improve in May, according to the latest National Foreclosure Report from CoreLogic.

70 Percent of U.S. Metros Featured on NAHB’s Improving Markets Index

More than 70 percent of metro areas in the U.S. are now a proud part of the NAHB’s Improving Markets Index, according to the association’s latest tally. A total of 255 metropolitan areas were featured in the July Improving

The Biggest Challenge Facing Brokerages? Agents’ Age

Real estate brokerages face plenty of challenges, but according to a new survey, the increasing age of real estate agents comes out on top. It was just two months ago that the National Association of Realtors reported that only

Fannie Mae: Homebuyers Expected to Enter the Market Sooner

Fannie Mae’s National Housing Survey for June offered further evidence of the housing recovery, with more homebuyers looking to enter the marketplace. According to Fannie Mae’s June 2013 National Housing Survey, mortgage rates and housing prices are perceived to be

What are the Busiest Housing Markets in the U.S.?

Redfin’s Real-Time Fastest Markets Report offers an interesting glimpse at what housing markets are seeing the most activity. Is Houston among them? Housing demand lessened somewhat nationwide in May, according to the latest Real-Time Fastest Markets Report from Redfin,

5 Essential Details About Foreign Homebuyers

Foreign homebuyers made up nearly $70 billion in sales in 2012-2013, and they revealed distinctive patterns during that time frame that agents should know. We reported earlier this week that, though constrained by weak international economics and exchange rates,

Trulia: Houston Rents Outpace Home Prices in June

Asking prices in Houston were on a tear in June, according to the latest Trulia Price Monitor, though rents posted even stronger increases. Asking prices and asking rents in Houston showed considerable strength in June, according to the latest

Construction Spending Hops 5.4 Percent in May

Another month, another rock-solid collection of data on the residential construction industry from the Census Bureau. May was another solid month for the construction industry, with spending on new projects increasing by 5.4 percent year-over-year, according to the latest

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