Darrel Martin - EXP Realty

Houston home builders’ pipelines are completely backed up
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Houston home builders’ pipelines are completely backed up Home builders are struggling to meet demand in a market starved for inventory. The average home price in Houston surpassed a record $400,000. Mortgage rates in the Bayou City have also risen rapidly, topping 5 percent.

HAR: Low inventory, high prices remain a concern for Houston ...
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HAR: Low inventory, high prices remain a concern for Houston ... HAR’s latest weekly activity snapshot, Realtors entered 2,975 properties into the Multiple Listing Service (MLS) in week 20, up 0.3% from 2,965 during the same week in 2021. Pending listings suffered their steepest year-over-year decline of the year during week 20. Off-market listings remained 3.2...

Average long-term mortgage rates fall; 30-year loan at 5.1%
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Average long-term mortgage rates fall; 30-year loan at 5.1% Mortgage buyer Freddie Mac: 30-year rate declined to 5.1% from 5.25% last week. By contrast, the average rate stood at 2.95% a year ago. The average rate on 15-year, fixed-rate mortgages dipped to 4.31% from 4.43%.

Houston Market Update

Darrel Martin Darrel Martin is a real estate agent with eXp Realty, LLC. Check out Darrel Martin's listings or office listings.

Which Houston suburb has the hottest real estate market?
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Which Houston suburb has the hottest real estate market? All 10 of Zillow's current top markets are located roughly 30 minutes from the nearest metro center. Eight have a typical home value higher than in their nearby city. Port Bolivar was identified as having the sharpest growth, quarter over quarter.

Housing market, economy starting to recover in Houston
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Housing market, economy starting to recover in Houston The state of the housing market was presented at the May 24 Greater Houston Builders Association mid-year forecast luncheon. The average price of rent for a one bedroom apartment in the U.S. came in at almost $1,700, while the cost in Texas remained at just under $1,.350.

Texas Home Prices Overvalued, And Won't Be Decreasing Any Time Soon According to Real Estate Experts - Digital Journal
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Texas Home Prices Overvalued, And Won't Be Decreasing Any Time Soon According to Real Estate Experts - Digital Journal The Greater Houston area is going to continue to see inflated home values for the foreseeable future according to a recent article on Fortune.com. CoreLogic, the California-based real estate research company, provided an assessment of 400 metropolitan areas including 5 Southeast Texas markets.

DATA: See real estate prices in April 2022 in The Woodlands ...
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DATA: See real estate prices in April 2022 in The Woodlands ... The highest number of homes sold in April were in the $200,000-$399,999 price range. The greatest increase in median home price from April 2021 to April 2022 was in the 77380 ZIP code. The median value increased by 84.4% from $236,150 to $435,500.

Houston, Las Vegas, and Phoenix were top destinations for DIY movers last year
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Houston, Las Vegas, and Phoenix were top destinations for DIY movers last year Cities in the Sunbelt were the most popular destination over the last 12 months. The company says the pandemic years of 2020 and 2021 were busy. Houston was the top moving destination in 2021.

Honoring our nation's heroes on Memorial Day.

Darrel Martin Darrel Martin is a real estate agent with eXp Realty, LLC. Check out Darrel Martin's listings or office listings.

Average long-term US mortgage rates edge up to 5.3%
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Average long-term US mortgage rates edge up to 5.3% The 30-year rate ticked up to 5.3% from 5.27% last week. The Federal Reserve last week intensified its fight against the worst inflation in 40 years. The Fed’s move, its most aggressive since 2000, will bring higher costs for mortgages.

Texas State Market Update

Darrel Martin Darrel Martin is a real estate agent with eXp Realty, LLC. Check out Darrel Martin's listings or office listings.