Trends

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Case-Shiller: Home-price declines ‘may have come to an end’; Dallas sees 1.1% gain

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. 

The top 10 most expensive new listings in Texas

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.

NAR: Limited supply keeps pending-home sales flat in April 

Despite solid demand, a dearth of homes for sale kept transaction numbers muted in the association’s most recent report on pending sales. 

New-home sales rise for fifth month in a row 

A shortage of existing inventory continues to drive buyers to new construction. 

Fewer first-time homebuyers in Texas

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.

NAR: Existing-home sales and days on market slide in April 

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 starts rise in April 

Single-family permits also posted a gain, indicating even more new homes are headed to today’s supply-constrained housing market. 

Builder confidence rebounds in May on tight existing inventory 

Homebuilder optimism was buoyed by continued shortages of new housing inventory, the National Association of Home Builders reported. 

Perception of a seller’s market fails to deter younger buyers, new study finds 

Homebuyers in their 40s and younger are still planning to buy homes, even though most believe the market favors homesellers.

MBA: Mortgage applications rise on lower rates 

Interest rates on mortgages of all types declined last week, spurring an uptick in borrowing, the Mortgage Bankers Association reported. 

How far will a $1,500 rent budget get you in Texas?

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?

The top 10 most expensive new listings 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.

One-fifth of all Americans rent storage spaces — what that says about renters’ growing need for space

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.

NAR: Low inventory drives pending-home sales lower in March  

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. 

March brings rise in single-family construction 

U.S. government data shows builders increased the pace of single-family home construction while slowing the pace of multifamily starts. 

NAHB: Builder confidence rose again in April 

The National Association of Home Builders/Wells Fargo Housing Market Index rose for the fourth month in a row in April as the construction industry remained “cautiously optimistic.”     

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