Nationally, the median sales price slid 2.9% from June but rose 8.1% from July 2021, while closed transactions were down 16.6% on a monthly basis and 26.3% on a yearly one, RE/MAX said in its National Housing Report.

A recent decline in mortgage rates could return some purchasing power to buyers going forward, National Association of REALTORS® chief economist Lawrence Yun said. 

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.

A new report revealed that new Houston listings continue to trail 2021’s mid-August pace, with 10.7% fewer properties entering the Multiple Listing Service last week than a year ago during the same period.

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

The pace of housing starts for both single-family and multifamily residences was down on a month over month basis, the U.S. Department of Housing and Urban Development reported. 

In Houston, 44.1% of offers faced competition last month

The NAHB/Wells Fargo Housing Market Index fell for the eighth straight month in August, as the key measure of builder confidence indicated a pessimistic outlook. 

Homeowner equity skyrocketed again across the country in the second quarter of 2022 as home values continue to trend upward.

The frenetic pace of home sales that dominated the market throughout most of the pandemic continues to “slow its roll,” according to a new report.

Greater Houston’s luxury real estate market saw high activity levels in July, with Houston’s 10 priciest homes selling for a combined total of $54,388,000.

The brokerage’s new “communities” will provide its agents with specialized training, technology, coaching and referral opportunities. 

Homebuyers may catch a break this month as rates have come down nearly a point from the recent high on fears of a recession.

Community leaders, engineers, planners and members of the Woodforest development team gathered in the community on July 29 to dedicate two amenities named in honor of two men who have been integral in the development of Woodforest and Montgomery County.

Sellers using Zillow may request and view an offer directly from Opendoor and compare it to an open-market sale with a real estate agent. 

New listings saw their most significant drop of the year in week 30, marking the fourth week of declines, according to a Houston Association of REALTORS® report.