Real Estate

NAR: Existing-home sales fall again in July, but could stabilize

Houston Agent Magazine 8/18 7:43A John Yellig
Existing-home sales fell for the sixth consecutive month in July, although recent moderation in mortgage rates could bring some equilibrium to the market, the National Association of REALTORS® said. At the same time, the median existing-home...

Compass cuts signing bonuses following Q2 market downturn

Houston Agent Magazine 8/18 6:47A Emily Mack
Compass revealed big losses — to the tune of $100 million — in its second quarter report. And as a result, the firm will no longer offer equity or cash incentives to new agents. Although Compass reported a record-high quarterly revenue of $2...

New Houston listings see mid-August lull

Houston Agent Magazine 8/18 5:57A Lindsey Wells
A new report from the Houston Association of REALTORS® (HAR) revealed that new Houston listings continue to trail 2021’s mid-August pace, with 10.7% fewer properties entering the Multiple Listing Service (MLS) last week than a year ago during the...

Off-market real estate app DropOffer launches in Houston

Houston Agent Magazine 8/16 11:12A Patrick Regan
Off-market real estate app DropOffer is moving into six new markets, including Houston. The new markets also include Atlanta, Phoenix, Dallas , Charlotte and Tampa. DropOffer co-founders Greg Burns and Kimani Clark say their studies have shown...

New-home construction falls 9.6% in July

Houston Agent Magazine 8/16 10:21A John Yellig
New residential construction fell 9.6% in July, as both single-family and multifamily starts fell from June’s pace, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said in a press release . New construction of...

Homebuyer competition falls to lowest level since start of pandemic

Houston Agent Magazine 8/16 1:59A Liz Hughes
Homebuyer competition fell to its lowest level since the start of the pandemic last month, according to a new Redfin report . With the market cooling due to increased inventory, higher mortgage rates, inflation concerns, and more sellers dropping...

Homeowner equity rises again across Texas, nation

Houston Agent Magazine 8/15 12:02A Lindsey Wells
Nearly half (48.1%) of mortgaged U.S. residential properties were considered equity-rich in the second quarter of 2022, meaning that the combined estimated amount of loan balances secured by those properties was no more than 50% of their...

Houston real estate market struggles to maintain momentum

Houston Agent Magazine 8/15 12:00A Lindsey Wells
The frenetic pace of home sales that dominated the Houston housing market throughout most of the pandemic continues to slow its roll, according to a new report by the Houston Association of REALTORS® (HAR). Some consumers, facing record pricing,...

10 most-expensive Houston homes sold in July

Houston Agent Magazine 8/12 8:43A Lindsey Wells
Greater Houston s luxury real estate market saw high activity levels in July, with 10 of Houston s priciest homes selling for a combined total of $54,388,000. Among the homes removed from the Multiple Listing Service (MLS) last month was a...

Tips for getting the best home loan from a top Houston Realtor

Culturemap Houston Real Estate 8/11 9:24A CultureMap Create
Talk to any real estate professional about the home buying process, and the first thing they will tell you to do is talk with a lender so you can figure out what you can afford and get a pre-approval...

Keller Williams launches new business-development programs for agents

Houston Agent Magazine 8/11 5:08A John Yellig
Keller Williams has unveiled three new business-development programs, or communities, for its agents, to provide them with specialized training, technology, coaching and referral opportunities. The communities — KW Wealth, KW Relocation and KW...

New listings struggle to maintain positive momentum

Houston Agent Magazine 8/11 12:00A Lindsey Wells
The volume of new Houston listings remained steady last week as they struggled to keep up with their 2021 pace, according to a recent Houston Association of REALTORS® (HAR) report. According to HAR s most recent weekly activity snapshot, Realtors...
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