National News

Houston named one of the top cities for Gen Z

Houston ranks among the top 20 cities in the United States for Gen Z, according to a new report by CommercialCafe.

ATTOM: Foreclosure rates returning to pre-pandemic levels

ATTOM’s 2022 U.S. Foreclosure Market Report shows that foreclosure filings are up 118% compared to this time last year.

Student loan forgiveness could mean homeownership for millennials

The recent order by President Joe Biden canceling tens of millions of dollars in student loan debt is good news for the real estate industry, according to a new report.

As demand for new homes cools, builders reconsider future plans

A sudden slowdown in home construction hasn’t affected the rise of new apartment buildings. Ten of the country’s top metros are set to reach five-year peaks in new-apartment construction during 2022.

Median days on the market increases in Houston and nationwide

Homebuyers nationwide had more time to make decisions in August with the first year-over-year increase in median days on the market since June 2020.

S&P Corelogic Case-Shiller Index: Home price growth slowed in June

Though home prices are still increasing across the United States, the rate of growth is slowing, according to the latest S&P CoreLogic Case-Shiller Indices.

Share of ARM applications hits highest percentage in 15 years

More borrowers are turning to adjustable-rate mortgages to save money as interest rates climb.

Houston housing market cools as sales slow down

A shortage of buyers and scarce new listings are leading to an uptick in homes sitting on the market longer than a month. While this is good news for buyers, it’s a source of frustration for sellers, Redfin reports.

Compass cuts signing bonuses following Q2 market downturn

Compass revealed big losses — to the tune of $100 million — in its second quarter report. And as a result, the firm will no longer offer equity or cash incentives to new agents.

Off-market real estate app DropOffer launches in Houston

Off-market real estate app DropOffer is moving into six new markets, including Houston, Atlanta, Phoenix, Dallas, Charlotte and Tampa.

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