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Horton served as chairman of D.R. Horton Inc. since it was formed in July 1991.

The post Mortgage rates dip below 7%, bring relief to homebuyers appeared first on Houston Agent Magazine.

Buyers are finally getting some relief as mortgage rates dip below 7% for the first time in five weeks, according to a Redfin report.

Realtors added 3,574 properties into the MLS during the week ended May 13, a 23.7% increase year over year.

New-home construction jumped 5.7% month over month after a soft March, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

Leases of SFRs increased 3.8% year over year, with 3,762 units leased during the month.

According to a new report from RentCafe, hotels have overtaken offices as the most likely spaces to be converted into new apartments.

Only 40% of households in the Houston area could afford a median-priced home in the first quarter.

Compass agent Rylie Schroeder was recognized as one of the National Association of REALTORS® (NAR) 30 Under 30 class for 2024. Schroeder was the only Houston agent on the list.

Builders have been named for the first phase of development in Grange, a master-planned community in Katy from Johnson Development.

So far this year, Texas’s in-to-out move ratio is up 17% year over year, meaning far more new residents are moving in than moving out of the Lone Star State.

Other settlements are still awaiting final approval, including the $418 million settlement with NAR.

Zillow attributes this trend to a growing sense of nostalgia for easier times.

Realtors entered 3,736 properties into the MLS during the week ended May 6. That’s a 16.1% increase year over year.

What’s the best social media platform to reach potential clients?

Home sales rebounded in April amid pre-pandemic inventory volumes, according to the latest Market Update from the Houston Association of REALTORS®.

“We are excited for the opportunity to work with Contempo to represent all of their communities around Houston,” said Nancy Almodovar, president and CEO of Nan and Company Properties.

The city of Houston is partnering with Cityside Homes for an affordable housing initiative targeted at Houston residents.

Yun expects existing home sales to show gains in 2024, 2025 and eight of the next 10 years.

What did Houston agents have to say about the local luxury market?

As we prepare for changes, it’s essential to understand how they will shape the future of real estate transactions.

"Why would clients pay at or above a perceived standard?" asks Madeline Mordarski, chief marketing officer at The Keyes Company. She says the answer is value.

The marriage between cryptocurrency and real estate is still in the honeymoon phase, and it remains unclear whether this is a union that will stand the test of time.

Bridgeland, a master-planned community from The Howard Hughes Corporation in Cypress, hosted its 16th annual Nature Fest on April 27.

NAR previously said the changes were expected to start in mid-July.

The typical amount donated annually was $1,000, up from $800 in 2022.

Closings declined during the week ended April 29 in Houston as new listings maintained their stronghold over 2023 levels.

The average listing price for the Houston area increased to $448,541 last month, up from $431,684 in April 2023.

According to MLS data, Caballero sold 7,012 homes totaling $3.638 billion last year — that averages out to over 19 homes sold every day.

Housing starts and inventory both rose annually in Houston in April.