In the national housing market, states with the most active listings show wide differences in how quickly homes sell. HW Data shows California moving inventory the fastest, while Florida and Texas take longer despite carrying larger supply. California sets the pace California carries 57,065 active listings and a 63-day median time on market. Months’ supply […]
Inventory-heavy states show wide gaps in sales speed Read More »
I recently gave a talk to a few hundred real estate professionals in Chicago. I started with the map below of the U.S. showing the days on market for pending home sales in different states. It’s a stark illustration that the country is divided into two distinct real estate markets. The states with the shortest
The Great Stay: Why the US housing market is divided in two Read More »
The Sun Belt region continues to dominate the U.S. housing market in raw transaction volume, recording 25,857 weekly home sales across its metropolitan areas, nearly six times the Northeast’s 4,452 sales and more than double the West’s 11,061 transactions. However, this sales advantage masks a market efficiency gap. The Sun Belt’s inventory of 353,916 properties
Sun Belt leads sales volume but posts nation’s lowest absorption rate Read More »
Houston’s housing market maintains a competitive edge in affordability while still showing a slight seller’s advantage, according to the latest HW Data. With a median listing price of $351,900, Houston presents a value opportunity for buyers priced out of Dallas and Austin markets. Inventory and pricing vary significantly across Texas metros The Houston metro area
Houston Home Values Provide Competitive Edge in Texas Read More »
A bill on Texas Gov. Greg Abbott’s desk could give county clerks new tools to combat deed fraud, but one industry expert says the measure doesn’t go far enough to protect against scams carried out online. Senate Bill 15 — approved by the Texas Legislature in August — would require clerks to ask for identification
Texas bill targets deed fraud, but expert points to online loopholes Read More »
The top brokerage in the country by transaction side count is welcoming yet another top-producing team of agents. Led by Amy Tapp, the team at Amy Tapp Realty, a Lubbock, Texas-based independent brokerage is making the move to eXp Realty, according to an announcement on Thursday. Tapp’s team consists of 40 agents and five staff
eXp Realty welcomes top-performing Lubbock agent, team Read More »
Final Offer — a digital platform for home listings and offer negotiations — has expanded into the Dallas-Fort Worth metro area through partnerships with several Keller Williams brokerages, the company announced Tuesday. Participating offices include GO Network — Keller Williams’ largest franchise network — as well as Keller Williams Realty Allen, Keller Williams Heritage West,
Final Offer launches in Texas with Keller Williams brokerages Read More »
Texans Credit Union launched its first-time homebuyer program on Thursday, introducing three new loan options to spur home purchase activity. The three loan options include: Low down payment mortgages that require as little as 3% down. Flexible-rate loans The “Home Extra 105” package, which finances a loan-to-value (LTV) ratio of up to 105% to cover
Texans Credit Union announces 105% LTV financing option Read More »
The nation’s top brokerage by transaction side count continues to expand. On Monday, eXp Realty announced that it was welcoming back San Antonio-based The Victorica Group. The group was formed at eXp, but went on to briefly operate as an independent brokerage. It ultimately decided to return to eXp after being courted by several other
eXp welcomes back The Victorica Group in San Antonio Read More »
Nearly 58,000 U.S. home-purchase agreements were canceled in July, equal to 15.3% of homes that went under contract during the month, according to a Redfin analysis of MLS data. That marks the highest July cancellation rate since the company began tracking the metric in 2017 — and up from 14.5% a year ago. Analysts point
Home purchase cancellations hit 8-year high Read More »