Current Market Data
A second consecutive month of increases in the S&P CoreLogic Case-Shiller U.S. National Home Price Index could indicate a reversal of the negative trend that began last year.
Lots of luxury homes have sold in the Lone Star State in the past month — the most expensive being a 16-bedroom mansion in the Crespi Estates subdivision in Dallas.
Despite solid demand, a dearth of homes for sale kept transaction numbers muted in the association’s most recent report on pending sales.
A shortage of existing inventory continues to drive buyers to new construction.
First-time homebuyers made up less than a quarter of all buyers during the time period from July 2021 to June 2022. That’s down from 32% a year ago 39% a decade ago.
Multiple-offer situations have returned with the spring buying season while distressed and forced sales are “virtually nonexistent,” the National Association of REALTORS® said.
Single-family permits also posted a gain, indicating even more new homes are headed to today’s supply-constrained housing market.
Homebuilder optimism was buoyed by continued shortages of new housing inventory, the National Association of Home Builders reported.
Homebuyers in their 40s and younger are still planning to buy homes, even though most believe the market favors homesellers.
Interest rates on mortgages of all types declined last week, spurring an uptick in borrowing, the Mortgage Bankers Association reported.
Active listings have increased in Texas, as have the average number of days each listing spends on the market, according to the 2023-Q1 Quarterly Housing Report from Texas REALTORS®.
A $1,500 monthly rent budget will only get you so far in many of the biggest cities in the country. But how far can that same budget get you in Texas?
Curious about luxury listings in the Lone Star State? Here are the top 10 most expensive new listings added to the Multiple Listing Service in the past month.
The need for more space is common among all self-storage users: 40% of survey respondents listed this as their primary reason for renting storage space.
High demand drove multiple offers on about a third of pending sales, while 28% of homes sold above list price, the National Association of REALTORS® reported.
U.S. government data shows builders increased the pace of single-family home construction while slowing the pace of multifamily starts.