About | Advertising | Email CR | Tanta | Weekly Schedule | Sponsored Offers: Subscribe via email | Twitter | RSS Feed : Wednesday, August 12, 2020. Thin inventory. Sales volumes will continue their recent surge as well. New housing data show just how hard the coronavirus pandemic is hitting the local real estate industry. Hobby School Survey Found Most Optimistic for the Long-Term, Despite Slumping Sales and Income . Lower Your Cost of Housing. Your Houston Real Estate Professional Real Estate Tips and Trends. The prices of houses for sale in Houston, TX are expected to grow at a reasonable, healthy rate, assuring long term profitability for investors without a risk of a housing bubble. 1) Home Prices Predictions We will discuss the latest Houston housing market trends & forecasts and find out how the market recovering in this region from the impact of the pandemic.The Houston real estate market is now running 7.7 percent ahead of 2019’s record pace. The Houston real estate market has been resilient in recent history. Home; About; Contact; Month: June 2020. See how showings, new listings & sales trended day by day during the lock down. Houston’s real estate market continues to defy logic as buyers keep snatching up homes at a record pace in 2020.. Interest rates are at historic lows, yes. Good real estate appreciation is another one of the most important Houston housing market 2020 predictions. Year-over-year, Houston-area home sales were up in October for the fifth straight month as the summer selling season has pushed into the fall. Now the question is whether the 2020 housing market will show the same resilience. However, we do know for certain that consumers have shown unwavering interest in real estate since the pandemic began,” said HAR Chairman John Nugent, with RE/MAX Space Center. by Realty News Report July 9, 2020. The 20 Most Expensive Houston Neighborhoods and 14 Hottest Inner Loop Neighborhoods lists show numbers that are both promising and intriguing. 5 ) Tax reform takes time to negatively impact housing prices. In this article, we break down these predictions for real estate investors to understand what to expect through the end of 2020 and into 2021. Up to date sales 2020 data on the US Housing Market and a look at where were headed. List Price is $938,484. See this epic report on the residential housing market with insight from NAR and other major real estate statistics sources. Share 0. HOUSTON – (Realty News Report) – Houston home sales surged to a record high in June as 9,328 single-family dwellings were sold, the Houston Association of Realtors reported. If you need help with the Public File, call (713) 778-4745. Listing Inventory down 21%Average. Option pending listings 224. 1 - Houston Housing Market Hi Jennifer Yoingco of Texas Home Group. . Houston home sales, prices continue to soar, supply shrinks in November Dec 7, 2020, 4:31 pm CST Mansion in The Woodlands with three-story closet back on the market But recently, a number of housing and economic experts have issued their real estate market forecasts for the US. Back on market listings 100. Daniela Sternitzky-Di Napoli has been a digital news editor at KPRC 2 since 2018. Price decrease listings 232. California Real Estate Market Stats for June 2020. By Matthew Speakman on Dec. 18, 2020. July 9, 2020. Forbes Real Estate Awards 2020: Why … I will provide you the latest MLS press release from the Houston Association of Realtors taken last January 8th of this year. HOUSTON – The Houston Association of Realtors released some data Wednesday showing that the local housing market for June beat 2019 sales. Given the current supply-and-demand situation in the Houston real estate market, it would not be surprising to see the median home value rise between 4% and 6% between now and January 2020. Copyright 2020 by KPRC Click2Houston - All rights reserved. Sales of existing homes soared 24.7% in July from June, according to the National Association of Realtors. if (CRcounter <= CRtoshow) { “That translated to a 15.7% jump – a strong rebound from two straight months of declines brought on by coronavirus and ongoing strains in the energy industry,” HAR said. December 18, 2020 Home values are growing at their fastest pace yet — and that pace is set to accelerate further in the coming year. December 18, 2020 Home values are growing at their fastest pace yet — and that pace is set to accelerate further in the coming year. Here is the Houston Association of REALTORS® real estate market update as of December 3 2020. Both Freddie Mac and the real estate listing site Realtor.com predict mortgage rates will rise slightly in 2020. Forbes Real Estate Awards 2020: Why … The average The Woodlands house price was $389K last month, up 11.6% since last year. Because real estate was deemed “an essential service” in Houston during the quarantine, the housing market held up much better than other cities across the nation. Real Estate In Q4 2020: The Quarter That Brought Drama To The Lives Of Many New Yorkers . HOUSTON — (December 9, 2020) — Homes across the greater Houston area continued selling at a record pace despite historically low inventory, the start of the holiday season and the lingering coronavirus pandemic. Menu Skip to content. Coronavirus Has Changed The Real Estate Market And What Buyers Want By Juli McDonald June 18, 2020 at 11:23 pm Filed Under: Boston News , Coronavirus , Juli McDonald , Real Estate In her spare time, Daniela is an avid reader and loves to spend time with her two miniature dachshunds. by Calculated Risk on 8/12/2020 12:38:00 PM. Let's explore it right now. Let's explore it right now. From the HAR: Houston Home Buyers Pump Up the Volume in June A flurry of homes going under contract in May after COVID-19-related stay-at-home orders expired led to a surge of closings in June, driving home sales volumes back up to levels … Nancy Sarnoff. According to Realtor.com's Market Hotness Index, measuring time-on-the-market data and listing views per property, the east coast accounts for seven of the top 10 zip codes, with a focus in the northeast region. Watch the Market Update Video Below: Vancouver smashes records in as National Avg. Houston Real Estate in June: Sales Up 18.3% YoY, Inventory Down 17.5% YoY, Concerns going forward . New housing data show just how hard the coronavirus pandemic is hitting the local real estate industry. “HAR’s early introduction of virtual open houses and virtual showings has enabled consumers to forge ahead with house-hunting plans without compromising health and safety, and historically low-interest rates have remained a strong incentive to buy.”. June 23, 2020 The Jill Smith Team. December 23, 2020. July 6, 2020 Updated: July 6, 2020 11:47 a.m. Facebook Twitter Email. Houston Real Estate Market Trends & Statistics 2021 In this section, you’ll learn about the top factors that make the Houston housing market one of the strongest today, including: affordability, cash flow, and equity growth potential. A top ranked economics and finance blog with a focus on the housing market. Mortgage rates remain very low and look likely to stay there. document.writeln("
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"); Comments. From the HAR: Houston Home Buyers Pump Up the Volume in June A flurry of homes going under contract in May after COVID-19-related stay-at-home orders expired led to a surge of closings in June, driving home sales volumes back up to levels … Sponsored Content Dec 23, 2020, 2:40 pm CST . Since June, the real estate market … What about sales? And home construction activity ticked up in November. Zillow Market Pulse: December 18, 2020. March seems like an eternity ago, but the Houston real estate numbers coming in now are finally starting to give us a glimpse into the impact of Covid-19 on both home sales and home prices in the early part of the year. April was the worst month ever, with 141 listings place under contract. Pending continue to show 50. Zillow Market Pulse: December 18, 2020. April was the worst month ever, with 141 listings place under contract. A recent report in the Wall Street Journal (reposted on Realtor.com) says Covid-19 is spurring families to shun nursing homes,… December 31, 2020. Houston Market Report: May 2020. Most of the homes sold were in the $250,000 to $500,000 range, but homes listed in the $500,000 to $750,000 jumped 18.6%, according to HAR. But, at the same time, home prices … The question is . Related: The Future of Real Estate Investing After the Pandemic. Houston home sales, prices continue to soar, supply shrinks in November Dec 7, 2020, 4:31 pm CST Mansion in The Woodlands with three-story closet back on the market 629 active listings on June 2nd, compared to 803 at this same time in 2019. . ... How He Got Everything Right And What's Coming Next. Listing Inventory down 21%Average. The question is . Coming off a record year, the Houston real estate market started 2020 in a seller’s market. by Calculated Risk on 7/08/2020 02:28:00 PM, CRcounter = CRcounter+1; The median price of a home sold in July rose 8.5% annually to $304,100. HAR also said leases of condominiums and flats did not change and the average price of a single-family home has increased to $262,000 from $252,900. Wow, 2020 was a challenging year. Home prices in Houston rose by around 7% over the past year, according to data compiled by Zillow. The Houston real estate market is on fire. Blogger keeps finger on pulse of housing market. I will provide you the latest MLS press release from the Houston Association of Realtors taken last January 8th of this year. Due to the shrunken inventory and the new rise in coronavirus cases, HAR is anticipating another dip in the local housing market come fall. }, From the HAR: Houston Home Buyers Pump Up the Volume in June, if (CRcounter <= CRtoshow) { Daniela has covered events like Hurricane Harvey and the Astros World Series win. Pending sales, a measure of demand that … Norhill Realty June 18, 2020. Here’s your Woodlands Real Estate Market Report for June 2020. Screenshot courtesy of CAR.org. Explore Houston’s housing market, population, and employment trends in the tabs to learn more. For more in-depth data, visit the HAR website. 1 of 13. Summary: National home sales edged back 1.6% on a month-over-month (m-o-m) basis in November. Another excellent month for the US real estate market as sales lept and homes reached 103rd straight month of increases. Actual (not seasonally adjusted) activity was up 32.1% year-over-year (y-o-y). While other parts of the country were hit hard in the early 2000s and again in 2008, the Bayou City weathered those storms and suffered only minor dips. Why homebuying begins with the agent. Houston was coming off a red-letter year for residential real estate as it was, when buyers were driven by low mortgage rates and a stable supply of homes. Listings that have sold 385. Watch Queue Queue. . document.writeln("