News / Features

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Young adults post best gains in Q2 US homeownership rate

The U.S. Census Bureau’s latest report on the national homeownership rate updated through the second quarter of 2018 showed no statistically significant change in the figure from the previous quarter or the same time last year. The rate stood

Pending home sales up with supply increasing across the nation

The worst of 2018’s inventory crunch may be coming to an end, according to recent data from the NAR’s pending home sales report. Nationally, the pending home sales index (PHSI) saw a 0.9 percent uptick in June, jumping from

NAR reports a decrease in international home sales

The housing market’s low supply and high prices have been affecting residents across the nation for a while, but now experts are starting to see these trends harm international home purchases in the U.S. According to a news report,

This Week in Houston Real Estate: New developments, real estate coworking space and more

Coworking spaces have been powerful and effective tools that working professionals around the nation have taken advantage of, but a new coworking space opening in Houston offers a new approach. The coworking company, Rethink, will open its first offices

House passes National Flood Insurance Program extension

The House of Representatives passed a bill to extend the National Flood Insurance Program for another month. But with less than one week until the current program is set to expire, it’s up to the Senate to pass the

Which cities have the most competitive housing markets?

Redfin unveiled a new metric, the Redfin Compete Score, which ranks cities based on how competitive the homebuying market is in that area. The scale ranges from not very competitive, where multiple offers are rare and homes take months

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How much school districts matter to new homebuyers

Many homebuyers are willing to compromise on almost anything except location. But according to new survey data from realtor.com, “location” has become synonymous with school district. Of all successful buyers surveyed, 73 percent say school boundaries are “important” to

June 2018 Realtors Confidence Index: Quicker sales, higher prices

The June 2018 Realtors Confidence Index Survey is in, which analyzed the characteristics of buyers and sellers last month as well as issues that affect homeownership and real estate transactions based on the responses of 50,000 Realtors. Overall, the report

Single-family starts in 2017 were under pre-recession levels

There was an increase in single-family home starts in 2017 compared to the year prior, but the national average still fell short of normal levels seen before the recession. The 2017 Survey of Construction, released by the National Association

Engel & Völkers announces two new offices

Boutique brokerage Engel & Völkers has announced the opening of its newest office in Katy, Texas, located just 30 minutes west of Houston. Led by Vickey Wachtel and Norman Wachtel, the new office at 22210 Highland Knolls will serve

Realtor.com report ranks most profitable housing markets

Buying a home has always been considered a sure way to increase one’s wealth, but the recent state of the housing market leaves some people hesitant to purchase a home due to persistently high prices. Over the long term,

Fannie, Freddie will not update credit score models in 2018

The Federal Housing Finance Agency (FHFA), which acts as the chief regulatory authority for government-sponsored mortgage finance firms Fannie Mae and Freddie Mac, announced it was no longer pursuing an effort to update the credit scoring models used to

HAR.com mobile app adds hands-free browsing feature for users

The Houston Association of Realtors added a feature to its HAR.com mobile app that offers users a hands-free approach to learning about listings. When a user enables the Car Mode feature on the HAR.com app, they have immediate access

Existing-home sales down in June despite inventory gains

Existing-home sales fell in June for the third straight month, according to the latest report from the National Association of Realtors. Completed transactions on single-family homes, condominiums, townhomes and co-ops fell 0.6 percent to a seasonally adjusted annual rate

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Real Estate News in Brief: NAR supports 21st Century Internet Act, $43 million HUD grant and more

Last week, the National Association of Realtors shared its support for the 21st Century Internet Act introduced by Rep. Mike Coffman. The act seeks to take net neutrality out of the hands of the Federal Communications Commission (FCC) and

Homeownership with no mortgage is a goal for future retirees

Alongside travel and leisure, a recent study by Voya Financial identified homeownership as one of the most important goals that people wish to achieve by the time of their retirement, reported HousingWire. In fact, 80 percent said they wish to

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