Tag Archives: Markets & Economy

In 5 months, homebuyers have lost $30K in purchasing power

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It doesn’t matter that there are fewer buyers to compete against. Rising mortgage rates and depleted inventory continue to erode options. Continue reading →

Let’s help legacy property owners fight unfair development

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There’s a desperate need for more housing inventory in the country, but Dr. Lee Davenport points out that developers must still follow the rules and respect the rights of others. Continue reading →

How smart cities are poised to transform our lives for the better

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Smart cities have the potential to fundamentally change our lives. This potential will only continue to develop and create a brighter future for all. Continue reading →

3 years after lockdown, foreclosed homes remain rare but on the rise

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Foreclosures are still affecting a tiny slice of the nation’s home inventory. Here are the markets where you’re most likely to find one, according to a new report from Attom. Continue reading →

US rent hits just shy of all-time record high: Report

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Despite having cooled for more than a year, the median asking rent in the U.S. remained just $24 below its all-time high as of June 2023, Redfin reported. Continue reading →

Home value hits all-time high in June as owners cling to low rates

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The typical home value breached $350,000 for the first time in June, a new peak in typical values according to a report by Zillow. Redfin shows nearly 92 percent of homeowners have a mortgage rate below 6 percent. Continue reading →

Lone Star lawmakers pass ‘largest property tax cut in Texas history’

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The deal raises the amount homeowners can exempt from the taxable value of their properties from $40,000 to $100,000, ensuring Texas will remain among the fastest growing states in the U.S. Continue reading →

Inflation drops steeply in June to lowest level in more than 2 years

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Housing costs were again the largest contributor to inflation, accounting for more than 70 percent of the annual increase of the Consumer Price Index, according to new Bureau of Labor Statistics data. Continue reading →

Real estate agents tallied double-digit sales volume gains in 2022

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Despite inventory hitting a 23-year low, the average Realtor ended last year on a solid note, according to the National Association of Realtors’ latest Member Profile survey, released Tuesday. Continue reading →