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.

The new corporate sponsorship makes certain training, resources and networking opportunities available to RE/MAX agents.

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%).

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.

The number of Asian-headed households grew 83% in the past two decades, but economic inequality and inequity between different Asian ethnic regions is still an issue.

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

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.

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

A current Guinness World Record title holder, Caballero has been ranked the No. 1 real estate agent in the U.S. since 2013 by RealTrends and individually sold 6,438 homes in 2020.

“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

Johanson will serve as VP of sales for the luxury real estate firm’s six Houston offices, helping with strategic growth, agent recruitment and development, and sales transaction consultations.

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.

Housing records continue to be broken, but despite the strong numbers, data could indicate homebuyer demand is reaching a peak.

Potential homebuyers can choose from 28 one- and two-story floor plans in a gated section of the master-planned community, ranging from 2,100 to 3,200 square feet and priced from the $360,000s.

Higher income, backed up by lower mortgage rates, has expanded the reach of the average homebuyer, but an increased demand for homes has concurrently driven up prices, negating two of the three main factors in First American Financial Corp.’s Real House Price Index.  

The pandemic changed the way many of us look at our living spaces. NAHB surveyed prospective buyers to see how their preferences have changed.