From Realtor Mag
For the fifth consecutive month, existing-home sales continued to be resilient in the face of the pandemic, climbing nearly 27% compared to a year ago, the National Association of REALTORS® reported Thursday. [Read more…]
Real estate listings and news for Cypress, TX and the surrounding local area
By Christine
From Realtor Mag
For the fifth consecutive month, existing-home sales continued to be resilient in the face of the pandemic, climbing nearly 27% compared to a year ago, the National Association of REALTORS® reported Thursday. [Read more…]
By Christine
From Houston Agent Magazine
The rate jumped 1.1% from August, CoreLogic noted.
Houston home prices were up 4.1% from a year earlier in September and experienced a month-over-month change of 0.3%. CoreLogic forecasts that over the next year, that rate will drop to -2.1%.
Home value increases continued to be driven by low inventory, which hit its lowest level in September, dropping by 40% from September 2008 and by 74% when compared to September 2000.
“Housing continues to be a bright spot during an otherwise challenging economic time for many U.S. households,” Frank Martell, president and CEO of CoreLogic, said in a press release. “Those in sectors that weathered the transition to remote work successfully are now able to take advantage of low mortgage rates to purchase a home for the first time or to trade-up to a larger home.”
Dr. Frank Nothaft, chief economist at CoreLogic, said that he expects a boost in home sales once a vaccine is administered or the pandemic ends. “And if the economy’s recovery is sluggish next year, distressed sales may also add to market inventory,” he said.
Price growth is expected to grind to a halt (0.2%) by this time next year, although a robust economic recovery would likely mean improved price performance, according to the report.
By Christine
From Houston Culture Map
In the midst of facing slim inventory and the onset of the coronavirus pandemic, Texas remained one of the most sought-after destinations for international homebuyers. [Read more…]
By Christine
From Houston Agent Magazine
With the election less than a week away and amid an increasingly politically polarized country, a new study conducted by technology brokerage Redfin shows that an increasing number of Americans are letting their politics determine where they want to live. [Read more…]
By Christine
From Houston Agent Magazine
U.S. home prices continued their climb in August, rising 5.9% year-over-year, while prices for single-family homes increased 6.31%, according to the latest CoreLogic Home Price Index. [Read more…]
By Christine
From Realtor Mag
The 30-year fixed-rate mortgage neared its all-time low this week, averaging 2.88%. The record low was 2.86%, set in mid-September.
The low rates are turning into a boon for the housing market. The National Association of REALTORS® reported this week that housing contract signings in August jumped 24% year over year. Pending home sales are exceeding pre-pandemic levels, with all four major regions of the U.S. posting higher sales activity. [Read more…]
Licensed Realtor
Re/Max Cypress
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christine.hebel@cypress-texas-real-estate.com
281-455-3638
15050 Fairfield Village
Cypress, TX 77433
Phone (281) 373-4300
Fax 281-373-4345
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