houston: Soaring Home Insurance Rates: What You Need to Know
- 12/12/23 07:20 AM
In recent years, there has been a growing concern among homeowners and prospective buyers about the rising costs of homeowner insurance across the United States. While this issue is not new, it has reached alarming heights and is causing financial distress for many. In this blog post, I will delve into the data and factors driving these skyrocketing rates and what it means for homeowners and the housing market. 1. The Florida Predicament: A Cautionary Tale Florida, known for its beautiful beaches and vibrant communities, is also grappling with some of the highest homeowner insurance premiums in the nation. According to reports, many … (1 comments)
houston: Houston Homes: Record July Rentals in Single-Family
- 08/17/23 03:18 PM
Houston's Single-Family Home Rentals Hit Historic Highs in July 2023 As the summer heat soared in Greater Houston, so did the demand for rental homes. Amidst prevailing concerns over housing affordability and interest rates, Houstonians are increasingly looking towards alternate housing solutions. July witnessed the rental market for single-family homes hit never-before-seen numbers, but it wasn’t just these homes making waves; townhomes and condominiums were in hot demand too. Record-Breaking Stats for July According to the Houston Association of Realtors (HAR) July 2023 Rental Market Update: - Leases of single-family homes surged 19.0% YoY, with the average lease price hiking up 3.0% to a historic … (2 comments)
houston: HOUSTON REAL ESTATE KICKS OFF 2022 WITH A SOLID PERFORMANCE
- 02/09/22 02:45 PM
The $1M+ housing segment dominates January sales, home prices continue to rise, and inventory remains low HOUSTON — (February 9, 2022) — The Houston real estate market charged into the new year carrying the positive momentum it sustained throughout 2021, with the strongest sales activity at the highest end of the pricing spectrum because there is little to no inventory available below the midrange. With an inadequate supply of new listings to meet consumer demand, inventory overall remains at historic lows, and steady pricing increases coupled with rising mortgage interest rates create uncertainty over what lies ahead for the market in 2022. According to … (2 comments)
houston: Real Estate Snapshot of Houston Jan 2022
- 02/08/22 10:53 AM
FRESH (First Real Estate Snapshot of Houston) • The first month of 2022 delivered a mixed bag of readings. • New Listings were statistically flat for the month, coming on the heels of the traditionally quiet holiday season. This continues to contribute to record low inventory. • Active Listings fell 19.5 percent year-over-year, reflecting the unyielding pace of homebuying that took place throughout 2021. • Average List Price for homes across greater Houston rose 15.6 percent to $385,994, but fell short of the record high of nearly $400,000 reached just a month earlier. • HAR’s complete January 2021 Market Update will be released this Wednesday, February 9. ****************************************************************************************************
Whether you're interested in buying your first … (2 comments)
HOUSTON — (January 12, 2022) — The second year of a global pandemic, dwindling inventory, building supply and labor shortages that slowed home construction, and rising home prices could not prevent the Houston real estate market from turning 2021 into a record year. Consumers never eased up on their demand to buy or rent homes and paid more for them as the supply of housing grew smaller. Single-family home sales surpassed 2020’s record volume by more than 10 percent, and total … (1 comments)
houston: Hurricane Harvey Can't STOP Houston
- 01/10/18 01:47 PM
Hurricane Harvey Can't Stop Houston's Housing Market from Reaching Record Territory in 2017 The latest MLS release with December/Full Year 2017 residential sales statistics has been posted in the HAR Newsroom. Please click HERE to read the release. It will be distributed to the media today so it will likely be reported in the newspapers and on TV, radio and the Internet in the next couple of days.
In an effort to keep our members as informed as possible about the real estate market, we wanted to make you aware of the latest statistics. Obviously, it is important to remember that "all real … (10 comments)
houston: HURRICANE HARVEY HAMMERS HOUSTON HOUSING
- 09/13/17 10:55 AM
Historic storm slams the door on home sales during the last week of August HOUSTON — (September 13, 2017) — Hurricane-turned-Tropical Storm Harvey's torrential rains and devastating floodwaters not only disrupted life and destroyed properties throughout the Houston area and Texas Gulf coast. It also dealt a heavy blow to a real estate market that, until now, was on track to set new records. However, the full effects of the historic storm may not be realized for weeks to come as the market rebuilds and recovers. According to the latest monthly report prepared by the Houston Association of Realtors (HAR), single-family home sales plunged 25.4 … (11 comments)
houston: Houston Luxury Market Leads the Way During Another Positive Month for Houston Home Sales
- 08/09/17 12:51 PM
MLS Report for July 2017 LUXURY MARKET LEADS THE WAY DURING ANOTHER POSITIVE MONTH FOR HOUSTON HOME SALESPricing gains ease in July while inventory grows to a five-year high HOUSTON — (August 9, 2017) — Houston home sales rose for the tenth consecutive month in July, however prices, which have seen steady gains over the past year, began showing signs of moderation. The luxury market, defined as homes priced from $750,000 and up, recorded the strongest sales volume, followed by homes in the $150,000 to $249,999 range. July marked the ninth straight month of rising sales in the luxury segment, which a year ago was still … (9 comments)
houston: HOUSTON'S HOUSING MARKET STILL SIZZLING IN NOVEMBER
- 12/18/12 12:56 AM
HOUSTON'S HOUSING MARKET STILL SIZZLING IN NOVEMBERBuyers drive the supply of homes to the lowest level in 12 yearsHOUSTON — (December 18, 2012) — Houston homes continued to sell at an unprecedented pace in November, plunging the supply of available properties to levels last seen 12 years ago. The added demand sent average and median home prices to historic highs for a November in Houston.According to the latest monthly data prepared by the Houston Association of REALTORS® (HAR), single-family home sales achieved the second highest monthly year-over-year percentage increase of 2012, rising 27.3 percent compared to November 2011. This marks the … (0 comments)
In recent years, there has been a growing concern among homeowners and prospective buyers about the rising costs of homeowner insurance across the United States. While this issue is not new, it has reached alarming heights and is causing financial distress for many. In this blog post, I will delve into the data and factors driving these skyrocketing rates and what it means for homeowners and the housing market.
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