News / Features

Houston home sales continues to break records in June

June was a record month for the Houston real estate market as it saw the greatest one-month sales volume of all time was recorded, sending average and median prices to record highs, according to the latest report from Houston Association

Why the homeownership rate remains low

At just over 64 percent, the national homeownership rate among U.S. adults remains stubbornly low. For young adults between the ages of 25 and 34, the rate is even lower than it was less than a generation ago, but

The number of families with children homeowners dropped by 3.6 million

As home prices continue to grow across the country, the ability to own a home can become out of reach for many. According to a new report by RENTCafe, the amount of families with minor children who own a

How Houston home sales are tied to the oil industry

Despite the city enduring a major hurricane and a downtown in oil prices in the last year, Houston’s housing market has been chugging along. Home prices, for example, in the city have jumped 3.8 percent in April 2018 compared

CoreLogic: Home prices see largest jump in four years

Home prices saw its highest jump in years and show no signs of slowing down, according to the Home Price Index and HPI Forecast for May 2018 from CoreLogic.  CoreLogic reported a 7.1 percent year-over-year rise in home prices from May

Mortgage rates are falling. Here’s what that means for agents

A consensus among mortgage industry leaders heading into 2018 was that interest rates would rise. The Mortgage Bankers Association predicted that interest rates could hit 5 percent by the end of the year. And while mortgage interest rates have

Real Estate in Brief: Startups fuel home values, the cities on-track for housing boom and more

Startup hotbeds like San Jose are seeing higher shares of million-dollar home values than the rest of the country, while rust belt cities seem to be lagging behind. LendingTree collected data from over 150 million U.S. homes and ranked

Homebuying trends among baby boomers

In recent years, baby boomers are accounting for a smaller portion of the homeowning population, currently just 25 percent, and a new report finds that they typically prefer not to take advantage of the technology available to streamlines the

Online home value estimates: 6 things every agent needs to know

Online, automated home value estimates continue to shake up the industry, and they are only going to have a bigger role in the home buying and selling process as technology improves. Though the new tool might cause headaches for

This Week in Houston Real Estate: Tilman Fertitta’s The Post Oak lien dispute, new affordable housing and more

Billionaire Tilman Fertitta is running into some trouble with its newest building The Post Oak in Uptown. According to recent reports, the building currently has dozens of liens filed against it adding up to more than $30 million, which

Zillow: Affordability is at the lowest point since 2009

The burden of rising mortgage rates has become a reality for many homeowners in recent years as buying a home is the least affordable it’s been in over a decade, according to a report from Zillow. Both rising mortgage rates

Sugar Land seeing an increase in demand for multigenerational homes

The diverse community of Sugar Land is growing, and with the growth comes a need for more multigenerational homes. Out of any other race in the U.S., Asians are the most likely to have multiple generations living in one

Rising mortgage rates are not deterring buyers

A new study by Redfin indicates that despite rising mortgage rates, soon-to-be buyers are still in the market, even if it means making some compromises. Last month, Redfin conducted a survey of more than 4,000 people who bought or

The summer features that make a home more valuable

Homes listed with summer features can be sold for nearly 10 percent more than homes without the summer features. To figure out which features were the priciest and most sought after, realtor.com conducted a study by looking at homes

Real Estate in Brief: Tariffs increase home prices, Zillow announces public stock offering and more

A nationwide total of 850,000 single-family home starts last year will still not be enough to aide the housing shortage crisis across the country as demand continues to increase. To make matters worse, materials are getting more expensive, making

Millennial homebuyers worked overtime, sold cryptocurrency for down payment savings

To make ends meet while saving up for a down payment, cash-strapped millennials are getting creative. A Redfin survey of 2,000 millennial homebuyers (age 24 to 38) found nearly four in 10 took on a second job to accrue

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