Current Market Data

Texas cities rank among the best for digital nomads

With the work from home era in full swing, many Americans are taking advantage of their unconventional work routines to try out the nomadic lifestyle. While working remotely, these people travel from city to city rather than set down roots in one place.

The market is stabilizing, says RE/MAX president and CEO Nick Bailey

The report shows decreases in sales prices, as well as an overall increase in days on the market. While this could be due partially to high interest rates, Bailey says the shift in the market could open up opportunities for buyers who’ve had to put their plans on hold.

More than half of Americans would buy a haunted house in 2022

Approximately 58% of homebuyers say they’d be willing to purchase a haunted house — and nearly 25% think they already have.

Risk of flooding influencing homebuyer decisions

The analysis found an increase in mortgage denials and in potential borrowers withdrawing mortgage applications in areas with an elevated risk of flooding.

CoreLogic: Pace of home-price increases slows for fourth month in a row in August 

Looking ahead, CoreLogic expects the year-over-year pace of home-price appreciation to slow to 3.5% by August 2023. 

American Home Shield: Average home sizes vary dramatically across the U.S.

The average median home size varies drastically across the country, according to American Home Shield’s 2022 American Home Size Index.

Mortgage payments up 15% since mid-August

Market volatility is causing more and more homebuyers to delay or cancel plans to make a purchase.

Overvalued markets increasing as mortgage rates rise

Rising mortgage rates have led to a substantial increase in the number of markets considered overvalued.

Homebuyers face most volatile mortgage rates in 35 years

Mortgage rates continue to fluctuate by nearly half a percentage point every month, leaving homebuyers facing the most volatile three-month period they’ve seen since 1987.

ATTOM: Third-quarter increases in housing costs outpace increases in income

“Homeownership remains largely unaffordable for the majority of homebuyers in the majority of markets across the country,” said Rick Sharga, executive vice president of market intelligence at ATTOM.

National home prices see first monthly drop since January 2019, S&P CoreLogic Case-Shiller Index shows

The price index dropped in Dallas, too, declining 0.42% from June to July. Year over year, the Dallas home price index is up 16.36%.

NAR: 2022 Member Safety Report for residential real estate

While 23% of residential Realtors claim they have feared for their safety while on the job, 98% reported that they have never been the victim of a crime while at work.

NAR: High mortgage rates bring third monthly decline in pending-home sales 

The National Association of REALTORS® expects existing-home sales to close 2022 15.2% lower compared to 2021, thanks to economic uncertainty and rising mortgage rates. 

New-home sales post unexpected rebound in August 

Sales of new homes in the U.S. jumped 28.8% between July and August, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

Dallas named one of the most popular cities to move to during the first half of 2022

Dallas had one of the highest ratios of people moving in vs. those moving out during the first half of the year, a recent analysis found. 

NAR: Existing-home sales fell in August while prices rose 

The median existing-home price for all housing types in August was $389,500, a 7.7% rise from the year before. 

Oops! We could not locate your form.