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Houston Home Sales Fall 19 Percent in April

HOUSTON – (Realty News Report) – Houston home sales fell 19.1 percent in April as the Covid-19 pandemic damaged the housing market, which had been surging in the first quarter. Houston Association of Realtors reported 6,199 single-family homes sold in April compared to 7,666 in April of 2019. “We were bracing for a rough report and we got it, and ... Read More »

Houston Housing: Inventory Decline Continues into May; Sellers Withdraw Due to Covid-19

HOUSTON – (Realty News Report) – The inventory of homes for sale in Houston continues to shrink in early May as the coronavirus pandemic convinces sellers to delay a venture into the market. The Houston Association of Realtors reports only 2,878 homes were placed on the market (new listings) last week, down 17.5 percent from the 3,488 new listings that ... Read More »

Sellers Retreat: New Listings Down 28 Percent in Houston as Homeowners Delay Putting Homes on the Market

HOUSTON – (Realty News Report) –  Sellers stayed away from the Houston real estate market in droves in April, part of a national trend reflective of the nation’s retreat from the highly contagious Covid-19 coronavirus. In terms of new listings, only 9,724 Houston-area houses were placed on the market in April, down 27.6 percent from the 13,434 put up for ... Read More »

Seller Withdrawal: Home Owners Pull Houses Off the Market as Covid-19 Expands

HOUSTON – (Realty News Report) – A significant number of home owners took their homes off the market in March as the coronavirus threat mounted in the latter part of the month. The Houston Association of Realtors reported 1,496 listings were withdrawn from the Multiple Listing Service last month, part of a national trend reflective of the nation’s retreat from ... Read More »

HAR’s Bob Hale says Houston Realtors are ‘Essential’ and Should Be Exempt From Stay-At-Home Order; Harris County Leaders Agreed

HOUSTON – (Realty News Report) – Real estate sales agents perform an “essential” service and should be exempt from the Harris County stay-at-home order, says Bob Hale, president and CEO of the Houston Association of Realtors. The Harris County Commissioners Court agreed and included Realtors in the list of businesses and workers who may continue to operate during the stay-at-home ... Read More »

Realtors Discourage Open Houses; HAR.com Website Drops Open House Notices Due to Coronavirus

HOUSTON — (Realty News Report) — The HAR.com website, which carries listings of thousands of homes for sale across Texas, has suspended the display notices of open house events due to  the coronavirus outbreak. Most of the national real estate franchises and many large brokerage firms have either cancelled all in-person open houses or are strongly encouraging their agents not to ... Read More »

Rent vs Buy: Do the Numbers Still Add Up for Homebuyers?

HOUSTON – (By Dale King, Realty News Report) — The answer to the ancient question, “Is it better to rent or buy a home?” isn’t easy to come by. So much depends on one’s own personal finances, career trajectory and a complicated formula that takes into account variables like total monthly costs, local median rent and sales prices, taxes and ... Read More »

Houston Home Sales Surged in January – Up 14 Percent

HOUSTON – (Realty News Report) – January 2020 was the strongest January for home sales in  Houston real estate history. According to the Houston Association of Realtors, 4,699 single-family homes sold in January, a 14.3 increase over the 4,112 houses sold in January of 2019. Exceptionally low mortgage rates and strong economic signals lifted the Houston housing market. The January ... Read More »

Houston Retail Real Estate was Strong in 2019 — But What About 2020?

HOUSTON – (By Kyle Hagerty for Realty News Report) – Houston’s retail real estate sector may be as strong as it has ever been. CBRE reports 2019 was one of the strongest years on record for Houston’s retail real estate market, with occupancy remaining high, despite robust new construction. About 4.4 million SF of new retail-space was delivered in 2019, ... Read More »

September to Remember: Best September in Houston Real Estate History, Realtors Say

HOUSTON – (Realty News Report) – Houston Realtors report September 2019 was the strongest September in Houston real estate history. A total of 7,035 single family homes were sold in September, up 9.5 percent from September of 2018, according to the Houston Association of Realtors. Lower mortgage rates enabled buyers to jump into the market while the inventory of homes ... Read More »

Houston Realtors: Best April Ever for Home Sales

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – April 2019 was the strongest April ever for Houston home sales as 7,586 single-family homes were sold, according to the Houston Association of Realtors. The April sales total represented a 7.8 percent increase  over April of 2018, the association said. “April sales are historically strong in Houston because buyers ... Read More »

Houston Home Sales Move Past Hurricane Setback as Market Achieves Best November Ever

HOUSTON – (Realty News Report) – Houston home sales remained strong in November as the market shrugged off the shock of Hurricane Harvey and recorded the best November in Houston real estate history. The Houston Association of Realtors reported 6,184 single-family home sales in November, up 7.4 percent over November of 2016. Despite the hurricane, which damaged over 100,000 homes ... Read More »

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