Three years after the opening of a large center, ZIP codes retained 66% of their pre-opening active listings, compared to 43% in similar areas without a data center.

Approximately 64% of households in the state are cost-prohibited from owning a median-priced home — that equates to about 7 million families, researchers said.

Given the median home price of $345,200 — down 1.2% year over year — and the average 30-year mortgage rate of 6.41% — down from 6.79% a year prior — the typical monthly mortgage payment was $2,550.

Just last month, the Subcommittee on the Administrative State, Regulatory Reform and Antitrust began looking into the relationship between Compass and MRED.

New builds are about the same price as existing homes on the market, but that is not due to rising regulatory costs builders have to pay.

Economist Matthew Gardner joins Houston Agent to discuss factors making waves in the national real estate climate, like the 21st Century ROAD to Housing Act, plus local themes like Houston’s status as the most affordable major market in Texas.

With strong sales in nine Houston-area communities, the metro ranked as the top-performing area in the country.

Texas’ most expensive new listing is a nearly $24 million estate in the Dallas suburb of Westlake.

Leading the charge in the second quarter of the year was the Magnolia/1488 West area in the northwest of the Houston metro.

This converted train car in Ocean City, Washington, isn’t leaving the station any time soon, but it’s ready to welcome passengers for a one-time fare of $649,000.

The seasonally adjusted annual rate of 628,000 homes topped Wall Street’s estimates. 

MRED CEO Rebecca Jensen and Compass CEO Robert Reffkin were summoned by the subcommittee to provide briefings by Aug. 5.  

“John, Sean, Andy, Lesley and Gabby are builders and operators with a track record of turning opportunity into results,” said CEO and President Chris Czarnecki. “Now, we’re putting that experience to work at greater scale.”

“While the improvement in days on market last month is encouraging, the decline in pending sales is also consistent with seasonality,” HomesUSA CEO Ben Caballero explained.

Curb appeal is important to today’s homeowners — that is, they want the exteriors of their homes to appeal to their own preferences and sensibilities rather than those of potential buyers.

The findings come as Redfin partnered with The Weather Company on all for-sale listings to provide ZIP Code-level metrics to buyers.