Let's explore it right now. document.writeln(""); Because real estate was deemed “an essential service” in Houston during the quarantine, the housing market held up much better than other cities across the nation. Houston’s real estate market continues to defy logic as buyers keep snatching up homes at a record pace in 2020.. Interest rates are at historic lows, yes. July 6, 2020 Updated: July 6, 2020 11:47 a.m. Facebook Twitter Email. HOUSTON — (December 9, 2020) — Homes across the greater Houston area continued selling at a record pace despite historically low inventory, the start of the holiday season and the lingering coronavirus pandemic. if (CRcounter <= CRtoshow) { List Price is $938,484. The The Woodlands, TX housing market is somewhat competitive, scoring 57 out of 100. Sponsored Content Dec 23, 2020, 2:40 pm CST . }, From the HAR: Houston Home Buyers Pump Up the Volume in June, if (CRcounter <= CRtoshow) { Zillow Market Pulse: December 18, 2020. And home construction activity ticked up in November. Greater Houston Real Estate Market Report June 2020 - YouTube Watch Queue Queue About | Advertising | Email CR | Tanta | Weekly Schedule | Sponsored Offers: Subscribe via email | Twitter | RSS Feed : Wednesday, August 12, 2020. Hobby School Survey Found Most Optimistic for the Long-Term, Despite Slumping Sales and Income . Now the question is whether the 2020 housing market will show the same resilience. Coronavirus Has Changed The Real Estate Market And What Buyers Want By Juli McDonald June 18, 2020 at 11:23 pm Filed Under: Boston News , Coronavirus , Juli McDonald , Real Estate by Calculated Risk on 8/12/2020 12:38:00 PM. Year-over-year, Houston-area home sales were up in October for the fifth straight month as the summer selling season has pushed into the fall. Watch Queue Queue. June 4, 2020. By Jeannie Kever 713-743-0778. document.writeln(""); “HAR’s early introduction of virtual open houses and virtual showings has enabled consumers to forge ahead with house-hunting plans without compromising health and safety, and historically low-interest rates have remained a strong incentive to buy.”. Listing Inventory down 21%Average. . Nancy Sarnoff. Menu Skip to content. Thin inventory. Let's explore it right now. We will discuss the latest Houston housing market trends & forecasts and find out how the market recovering in this region from the impact of the pandemic.The Houston real estate market is now running 7.7 percent ahead of 2019’s record pace. Tags: HAR, real estate, home buying (CNN) HOUSTON – The Houston Association of Realtors released some data Wednesday showing that the local housing market for June beat 2019 sales. Good real estate appreciation is another one of the most important Houston housing market 2020 predictions. Home; About; Contact; Month: June 2020. The 20 Most Expensive Houston Neighborhoods and 14 Hottest Inner Loop Neighborhoods lists show numbers that are both promising and intriguing. For the first time since the onset of the coronavirus pandemic, home sales have increased. Both Freddie Mac and the real estate listing site Realtor.com predict mortgage rates will rise slightly in 2020. That trend continued last year. Since June, the real estate market … June 23, 2020 The Jill Smith Team. Texas Realtors Assess the Impact of COVID-19 on Real Estate. Norhill Realty June 18, 2020. But, at the same time, home prices … . A recent report in the Wall Street Journal (reposted on Realtor.com) says Covid-19 is spurring families to shun nursing homes,… December 31, 2020. “Coronavirus has driven the Houston housing market into uncharted territory. Price decrease listings 232. June 16, 2020 The Jill Smith Team. Back on market listings 100. Listing Inventory down 21%Average. Year-over-year, Houston-area home sales were up in October for the fifth straight month as the summer selling season has pushed into the fall. Lower Your Cost of Housing. Buyers encounter multiple offers, backup contracts and 40 people standing in line to get into an open house. The housing market won't crash. Another excellent month for the US real estate market as sales lept and homes reached 103rd straight month of increases. Zillow Market Pulse: December 18, 2020. Over 1,200 more homes were sold in June 2020 than in June 2019, according to HAR. The average Houston house price was $270K last month, up 8.9% since last year. About | Advertising | Email CR | Tanta | Weekly Schedule | Sponsored Offers: Subscribe via email | Twitter | RSS Feed : Wednesday, August 12, 2020. Actual (not seasonally adjusted) activity was up 32.1% year-over-year (y-o-y). Market Trends. A sold sign is shown on a real estate sign outside a home Tuesday, March 31, 2020, in Spring. Houston Real Estate in June: Sales Up 18.3% YoY, Inventory Down 17.5% YoY, Concerns going forward . Due to the shrunken inventory and the new rise in coronavirus cases, HAR is anticipating another dip in the local housing market come fall. Forbes Real Estate Awards 2020: Why … Here’s your Woodlands Real Estate Market Report for June 2020. The Houston, TX housing market is somewhat competitive, scoring 56 out of 100. July 9, 2020. IS THIS SUSTAINABLE? With so much that happened across the country, you might be wondering how it’ll impact real estate trends in 2021. Buyers encounter multiple offers, backup contracts and 40 people standing in line to get into an open house. Forbes Real Estate Awards 2020: Why Airbnb’s CEO Wins Person Of The Year According to Danielle Hale, chief economist at Realtor.com, prices could go … Home sales increased in five out of seven Lake Houston-area ZIP codes in June 2020 compared to the previous year, and the price of homes sold increased in four ZIP codes. What about sales? But recently, a number of housing and economic experts have issued their real estate market forecasts for the US. by Calculated Risk on 7/08/2020 02:28:00 PM. Here is the Houston Association of REALTORS® real estate market update as of December 3 2020. Most of the homes sold were in the $250,000 to $500,000 range, but homes listed in the $500,000 to $750,000 jumped 18.6%, according to HAR. The 20 Most Expensive Houston Neighborhoods and 14 Hottest Inner Loop Neighborhoods lists show numbers that are both promising and intriguing. by Realty News Report July 9, 2020. California Home Prices. Top 10 Housing Markets for 2021. The Houston real estate market has been resilient in recent history. 1) Home Prices Predictions And home construction activity ticked up in November. Option pending listings 224. Pending listings 238. From the HAR: Houston Home Buyers Pump Up the Volume in June A flurry of homes going under contract in May after COVID-19-related stay-at-home orders expired led to a surge of closings in June, driving home sales volumes back up to levels … Daniela has covered events like Hurricane Harvey and the Astros World Series win. Here is what you don’t already know about the Vancouver real estate market in . If you need help with the Public File, call (713) 778-4745. Neil Armstrong's former Houston-area home near NASA hits market. Pandemic Causing Families to Shun Nursing Homes. Housing & Real Estate See how the Lake Houston-area real estate market fared in October 2020 Home sales increased in five out of seven Lake Houston-area ZIP codes in … ... How He Got Everything Right And What's Coming Next. Blogger keeps finger on pulse of housing market. Annual Advisory. I will provide you the latest MLS press release from the Houston Association of Realtors taken last January 8th of this year. (Courtesy Adobe Stock) A sold sign is shown on a real estate sign outside a home Tuesday, March 31, 2020, in Spring. HOUSTON – (Realty News Report) – Houston home sales surged to a record high in June as 9,328 single-family dwellings were sold, the Houston Association of Realtors reported. June 2020 – The Best Month in the History of Houston Home Sales, Realtors Say. I hope you guys enjoy this! Median List Price is $625,000. Jan 4, 2021, 08:00am EST. However, buyers have been resilient in recent weeks. by Calculated Risk on 8/12/2020 12:38:00 PM. 1 - Houston Housing Market Hi Jennifer Yoingco of Texas Home Group. 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