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Housing Market Update: Is Relief From The Red-Hot Market On Its Way?

Housing Market Update: Is Relief From The Red-Hot Market On Its Way?

The housing market’s temperature may be starting to drop by a degree or two. Both pending sales and asking prices began to decline or flatten in the four weeks ending May 30. It’s too soon to tell if these are early seasonal changes or the[...]
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Housing Market Update: Pending Sales Continue to Slow—Still Up 29% from 2020

Housing Market Update: Pending Sales Continue to Slow—Still Up 29% from 2020

As we head into June, the breakneck pace of the housing market is beginning to slow. Leading indicators of activity are now mostly cooling off instead of continuing to heat up. Adjusted for seasonality, home purchase applications have[...]
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Growth in Mortgage-Rate Locks For Second Homes Dropped to Pre-Pandemic Levels in May

Growth in Mortgage-Rate Locks For Second Homes Dropped to Pre-Pandemic Levels in May

Though mortgage-rate locks for second homes were up nearly 50% year over year in May, the growth rate is returning to pre-pandemic levels as high prices and tighter lending rules make vacation-home buyers think twice. The number of[...]
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1,500 Austin Homes Have Sold For More Than $100,000 Above Asking Price This Year. The Same Time Last Year, It Was 22.

1,500 Austin Homes Have Sold For More Than $100,000 Above Asking Price This Year. The Same Time Last Year, It Was 22.

The staggering increase in the number of homes sold hundreds of thousands of dollars above list price is symbolic of the hot housing market in Austin, which had the nation’s highest price growth in April.Seventy-two homes in the Austin[...]
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High-End Home Sales Surge Nearly Twice as Fast as Sales of Mid-Priced Homes

High-End Home Sales Surge Nearly Twice as Fast as Sales of Mid-Priced Homes

Purchases of high-end homes in the U.S. jumped 26% year over year during the three months ending April 30, outpacing the 17.8% gain in purchases of affordable homes and the 14.8% increase in purchases of mid-priced homes.This is according[...]
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