Real Estate

New-home mortgage applications drop 9% in May

Houston Agent Magazine 6/18 10:49A John Yellig
Mortgage applications for new-home purchases fell 9% on a monthly basis and 5.9% on a year-over-year basis in May, the Mortgage Bankers Association reported, citing its Builder Application Survey. Mortgage applications to purchase a new home...

Houston home inventory levels rebounded in May

Houston Agent Magazine 6/17 10:42A Liz Hughes
Inventory levels rebounded last month, finally showing signs of recovery following a year of historical declines. May saw a 3.9% month-over-month gain in listings, the first increase since July 220 and the fifth increase in the past two years,...

Houston home sales transactions up 49.5% from a year ago

Houston Agent Magazine 6/17 10:34A Timothy Inklebarger
The typical increase in home sales as summer approaches failed to materialize nationwide last month, with average sales dropping 0.2% from April to May, but month-over-month sales in Houston bucked the trend, climbing 1.3%, according to the...

Land Tejas to develop 646-acre community in Cypress

Houston Agent Magazine 6/17 5:57A Alsha Khan
Houston-based developer Land Tejas just acquired a 646-acre tract of land in northwest Harris County for its new master-planned community, Cypress Green, according to a press release. Land Tejas has...

Houston’s tight inventory shows signs of relief

Houston Agent Magazine 6/16 6:16P Alsha Khan
Week 23 of 2021 (ending June 14) showed consistent trends from the previous couple of weeks, according to the Houston Association of Realtors (HAR) weekly activity snapshot. New home listings and pending listings saw a drop back in May , but new...

Housing starts rise in May, but building permits fall

Houston Agent Magazine 6/16 12:09P Alsha Khan
May housing starts rose 3.6% above the revised April estimate to an annual, seasonally adjusted rate of 1,572,000, the U.S. Census Bureau and Department of Housing and Urban Development reported . The...

Housing market simmers down, but pending sales are still up

Houston Agent Magazine 6/15 2:19P Alsha Khan
The housing market has been on fire over the past year, and although it’s still going strong, it appears to be cooling off a bit coming into June, according to a new report from Redfin . Although pending sales are up 29% from last year, they are...

CoreLogic: Texas homes average $19K annual equity gain

Houston Agent Magazine 6/14 5:04P Timothy Inklebarger
Map Courtesy CoreLogic The average U.S. homeowner has seen the equity in their home increase by nearly 20% year over year for the first quarter of 2021, according to CoreLogic ’s Homeowner Equity...

Truth About Agents 2021

Houston Agent Magazine 6/14 10:18A Alsha Khan
Welcome to our 2021 Truth About Agents issue, where we delve deep into Clutch City s residential real estate industry to paint a clearer picture of the local market. Houston Agent readers come from...

Truth About Agents 2021: Demographics

Houston Agent Magazine 6/14 10:16A Alsha Khan
Click on a topic below to get started: ? Demographics Career Income Teams Client Profile Training Managing Brokers Marketing The post Truth About Agents 2021: Demographics appeared first on Houston...

Houston ranks 2nd on top 50 new markets list based on 2020 closings

Houston Agent Magazine 6/14 9:01A Alsha Khan
Last year was a whirlwind for the real estate industry, especially for building and construction. With lumber and other building material prices skyrocketing, sales stalling due to COVID-19 lockdown restrictions and the U.S. economy entering a...
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