This video is unavailable. Houston Real Estate in July: Sales Up 25% YoY, Inventory Down 19% YoY. California Real Estate Market Stats for June 2020. Screenshot courtesy of CAR.org. January 4, 2021 0. Housing & Real Estate See how the Lake Houston-area real estate market fared in October 2020 Home sales increased in five out of seven Lake Houston-area ZIP codes in … 1 of 13. Amid social distancing orders, the Houston real estate market lost most of its 2020 momentum in April, seeing a 21% drop in year-over-year sales and … Houston’s base employment is hurt by a COVID-driven U.S. recession in early 2020, and this is combined with additional local damage from local social distancing and public orders that forced the sharp fall in jobs in the second quarter. Option pending listings 224. The 20 Most Expensive Houston Neighborhoods and 14 Hottest Inner Loop Neighborhoods lists show numbers that are both promising and intriguing. Both Freddie Mac and the real estate listing site Realtor.com predict mortgage rates will rise slightly in 2020. 629 active listings on June 2nd, compared to 803 at this same time in 2019. Median List Price is $625,000. June 4, 2020. Corona Virus Impact on Houston's housing market, results are super surprising! New housing data show just how hard the coronavirus pandemic is hitting the local real estate industry. Jan 4, 2021, 08:00am EST. List Price is $938,484. 5 ) Tax reform takes time to negatively impact housing prices. June 9, 2020 The Jill Smith Team. According to HAR, the stay-home orders in March and April led to pending sales for May, which drove sales up to normal summer level and surpassed the 2019 record pace for the month. A sold sign is shown on a real estate sign outside a home Tuesday, March 31, 2020, in Spring. 629 active listings on June 2nd, compared to 803 at this same time in 2019. 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. December 18, 2020 Home values are growing at their fastest pace yet — and that pace is set to accelerate further in the coming year. Back on market listings 100. Blogger keeps finger on pulse of housing market. Watch Queue Queue Zillow Market Pulse: December 18, 2020. June 2020 – The Best Month in the History of Houston Home Sales, Realtors Say. The U.S. housing market is a major indicator of the strength of the economy. By Matthew Speakman on Dec. 18, 2020. 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. Pandemic Causing Families to Shun Nursing Homes. About | Advertising | Email CR | Tanta | Weekly Schedule | Sponsored Offers: Subscribe via email | Twitter | RSS Feed : Wednesday, August 12, 2020. Houston Will Be a Buyer’s Market Norhill Realty June 18, 2020. A top ranked economics and finance blog with a focus on the housing market. The Houston real estate market has been resilient in recent history. Why homebuying begins with the agent. The median price of a home sold in July rose 8.5% annually to $304,100. 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. Listing Inventory down 21%Average. business Real Estate. Comments. June 23, 2020 The Jill Smith Team. Good real estate appreciation is another one of the most important Houston housing market 2020 predictions. by Realty News Report July 9, 2020. The housing market in the U.S. could enter a recession, according to online real estate company Zillow which predicts that will happen in 2020. by Calculated Risk on 7/08/2020 02:28:00 PM. She is a published poet and has background in creative writing and journalism. Here’s your Woodlands Real Estate Market Report for June 2020. A sold sign is shown on a real estate sign outside a home Tuesday, March 31, 2020, in Spring. The 20 Most Expensive Houston Neighborhoods and 14 Hottest Inner Loop Neighborhoods lists show numbers that are both promising and intriguing. document.writeln("
"); The assumed recovery in social distancing comes at different rates. Since June, the real estate market … Home market could take a hit from economic headwinds But record low mortgage rates are hard for potential buyers to ignore. “Coronavirus has driven the Houston housing market into uncharted territory. Wow, 2020 was a challenging year. 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. Here is the Houston Association of REALTORS® real estate market update as of December 3 2020. if (CRcounter <= CRtoshow) { June 16, 2020 The Jill Smith Team. Pending sales, a measure of demand that … For the first time since the onset of the coronavirus pandemic, home sales have increased. Another excellent month for the US real estate market as sales lept and homes reached 103rd straight month of increases. 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. 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. Forbes Real Estate Awards 2020: Why … Houston’s commercial real estate market is recovering and reforming . Buyers encounter multiple offers, backup contracts and 40 people standing in line to get into an open house. IS THIS SUSTAINABLE? Prepaying Your Mortgage. . 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. Real Estate In Q4 2020: The Quarter That Brought Drama To The Lives Of Many New Yorkers . I hope you guys enjoy this! Watch Queue Queue. 1 - Houston Housing Market Hi Jennifer Yoingco of Texas Home Group. Jan 4, 2021, 08:00am EST. According to the Houston Association of Realtors, new home listings of single-family homes decreased 4.8% last month when compared with March 2019. While the pandemic did disrupt home sales in the spring of 2020 (which is usually considered the hottest season for real estate), the market quickly made an impressive rebound. … June 30, 2020 The Jill Smith Team. New properties for sale 325. HOTTEST REAL ESTATE MARKETS IN AMERICA 2020. That trend continued last year. The question is . 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. When the economy is strong and people are confident about the future, … The housing market won't crash. For more in-depth data, visit the HAR website. }, From the HAR: Houston Home Buyers Pump Up the Volume in June, if (CRcounter <= CRtoshow) { The The Woodlands, TX housing market is somewhat competitive, scoring 57 out of 100. See how the Lake Houston-area real estate market fared in November 2020 Home sales increased in six out of seven Lake Houston-area ZIP codes in November compared to last year. Here is what you don’t already know about the Vancouver real estate market in . Market Trends. Houston’s home sales rose for the seventh consecutive month as strong sales of mid-priced homes offset declines in high-end properties and propelled the market to … “That translated to a 15.7% jump – a strong rebound from two straight months of … “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.”. by Calculated Risk on 7/08/2020 02:28:00 PM. Sales volumes will continue their recent surge as well. Mortgage rates remain very low and look likely to stay there. List Price is $938,484. Up to date sales 2020 data on the US Housing Market and a look at where were headed. California Association of Realtors in its June housing sales report said Realtors were feeling optimistic but a lack of supply is impeding the California real estate market recovery. Nancy Sarnoff. Pending continue to show 50. Houston Market Report: May 2020. home prices skyrocket by 20%: Latest Update: This summer 2020 is the summer of astonishment. Browse data on the 32,172 recent real estate transactions in Houston TX. Listings that have sold 385. A low supply of homes for sale and strong demand from homebuyers combined to push the average price to record territory. document.writeln(""); 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. Forbes Real Estate Awards 2020: Why … by Calculated Risk on 8/12/2020 12:38:00 PM. Mortgage rates remain very low and look likely to stay there. By Jeannie Kever 713-743-0778. July 9, 2020. In her spare time, Daniela is an avid reader and loves to spend time with her two miniature dachshunds. 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 … Houston Real Estate in July: Sales Up 25% YoY, Inventory Down 19% YoY. Share 0. . And home construction activity ticked up in November. Over 1,200 more homes were sold in June 2020 than in June 2019, according to HAR. Price increase listings 44. by Calculated Risk on 8/12/2020 12:38:00 PM. Buyers encounter multiple offers, backup contracts and 40 people standing in line to get into an open house. For the first time since the onset of the coronavirus pandemic, home sales have increased. document.writeln("
"); Over 1,200 more homes were sold in June 2020 than in June 2019, according to HAR. Realtor.com’s 2020 Housing Market Predictions – Coronavirus Update. As a real estate investor, your goal is to invest in markets that have both underperformed and have the potential to catch up. Sponsored Content Dec 23, 2020, 2:40 pm CST . Here are the top real estate trends and predictions for 2020 & 2021. July 6, 2020 Updated: July 6, 2020 11:47 a.m. Facebook Twitter Email. Daniela Sternitzky-Di Napoli has been a digital news editor at KPRC 2 since 2018. 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. “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. Houston Real Estate in June: Sales Up 18.3% YoY, Inventory Down 17.5% YoY, Concerns going forward . What about sales? Thin inventory. Hobby School Survey Found Most Optimistic for the Long-Term, Despite Slumping Sales and Income . Here’s your Woodlands Real Estate Market Report for June 2020. Actual (not seasonally adjusted) activity was up 32.1% year-over-year (y-o-y). Intro - Houston Housing Market Curious about our local Houston real estate market? Price decrease listings 232. Lower Your Cost of Housing. 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. 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. 1) Home Prices Predictions A survey of Texas Realtors by the Hobby School of Public Affairs found most are optimistic about the industry's long-term prospects, despite current pain caused by the COVID-19 pandemic. Annual Advisory. by Calculated Risk on 7/08/2020 02:28:00 PM, CRcounter = CRcounter+1; IS THIS SUSTAINABLE? Neil Armstrong's former Houston-area home near NASA hits market. Intro - Houston Housing Market Curious about our local Houston real estate market? Top 10 Housing Markets for 2021. But, at the same time, home prices … . 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 Copyright 2020 by KPRC Click2Houston - All rights reserved. But recently, a number of housing and economic experts have issued their real estate market forecasts for the US. Home sales increased in five out of seven Lake Houston-area ZIP codes in June 2020 compared to the previous year, and the price of homes sold increased in four ZIP codes. Real Estate In Q4 2020: The Quarter That Brought Drama To The Lives Of Many New Yorkers . Share 0. 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 … Home prices will rise by 5 to 6% in 2021. Listing Inventory down 21%Average. The Houston, TX housing market is somewhat competitive, scoring 56 out of 100. About | Advertising | Email CR | Tanta | Weekly Schedule | Sponsored Offers: Subscribe via email | Twitter | RSS Feed : Wednesday, August 12, 2020. Median List Price is $625,000. Great for discovering comps, sales history, photos, and more. Your Houston Real Estate Professional Real Estate Tips and Trends. Home prices in Houston rose by around 7% over the past year, according to data compiled by Zillow. By Matthew Speakman on Dec. 18, 2020. 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. June 2020 – The Best Month in the History of Houston Home Sales, Realtors Say. In the greater Los Angeles region, single detached homes rose $22,000 to a new price of $553,000. See this epic report on the residential housing market with insight from NAR and other major real estate statistics sources. New housing data show just how hard the coronavirus pandemic is hitting the local real estate industry. A top ranked economics and finance blog with a focus on the housing market. 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. Ottawa, ON, December 15, 2020 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales continued running at historically strong levels in November 2020. April was the worst month ever, with 141 listings place under contract. Daniela has covered events like Hurricane Harvey and the Astros World Series win. However, buyers have been resilient in recent weeks. document.writeln(""); Tags: HAR, real estate, home buying (CNN) HOUSTON – The Houston Association of Realtors released some data Wednesday showing that the local housing market for June beat 2019 sales. Thin inventory. Due to the shrunken inventory and the new rise in coronavirus cases, HAR is anticipating another dip in the local housing market come fall. Home; About; Contact; Month: June 2020. 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 Sales volumes will continue their recent surge as well. Texas Realtors Assess the Impact of COVID-19 on Real Estate. Sponsored Content Dec 23, 2020, 2:40 pm CST . 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. The Houston real estate market is on fire. What about sales? If you need help with the Public File, call (713) 778-4745. 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. 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. Menu Skip to content. ... How He Got Everything Right And What's Coming Next. Greater Houston Real Estate Market Report June 2020 - YouTube 1 - Houston Housing Market Hi Jennifer Yoingco of Texas Home Group. The average Houston house price was $270K last month, up 8.9% since last year. The Houston real estate market is on fire. Let's explore it right now. }, Houston Real Estate in June: Sales Up 18.3% YoY, Inventory Down 17.5% YoY, Concerns going forward, Houston Home Buyers Pump Up the Volume in June, A leading real-estate data junkie is now focused on the impact of the coronavirus. Now the question is whether the 2020 housing market will show the same resilience. 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. The average The Woodlands house price was $389K last month, up 11.6% since last year. Daniela Sternitzky-Di Napoli, Digital News Editor. And home construction activity ticked up in November. I will provide you the latest MLS press release from the Houston Association of Realtors taken last January 8th of this year. Related: The Future of Real Estate Investing After the Pandemic. . Zillow Market Pulse: December 18, 2020. 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. Pending listings 238. 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 See how showings, new listings & sales trended day by day during the lock down. 13. Houston Housing Market Forecast for 2019. Let's explore it right now. Forbes Real Estate Awards 2020: Why Airbnb’s CEO Wins Person Of The Year According to Danielle Hale, chief economist at Realtor.com, prices could go … I will provide you the latest MLS press release from the Houston Association of Realtors taken last January 8th of this year. by Realty News Report July 9, 2020. April was the worst month ever, with 141 listings place under contract. Houston Real Estate in June: Sales Up 18.3% YoY, Inventory Down 17.5% YoY, Concerns going forward . With so much that happened across the country, you might be wondering how it’ll impact real estate trends in 2021. December 18, 2020 Home values are growing at their fastest pace yet — and that pace is set to accelerate further in the coming year. The question is . Sales of existing homes soared 24.7% in July from June, according to the National Association of Realtors. Houston’s commercial real estate market is recovering and reforming . (Courtesy Adobe Stock) December 23, 2020. California Home Prices. Explore Houston’s housing market, population, and employment trends in the tabs to learn more. Summary: National home sales edged back 1.6% on a month-over-month (m-o-m) basis in November. Coming off a record year, the Houston real estate market started 2020 in a seller’s market. 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. document.writeln("