Houston Real Estate News
Houston
47.9 Million Americans Will Travel This July 4th Weekend
This week AAA predicts 47.9 million people will travel 50 miles or more from home over the July 4th holiday weekend (June 30 - July 4). This is an increase of 3.7% over 2021, bringing travel volumes just shy of those seen in 2019.
National U.S. Office Rents Slip Annually in May
According to Eliza Theiss of CommercialEdge, remote and hybrid work models were considered niche setups just a little over two years ago, but today, these trends seem here to stay.
Driven by Fast Rising Mortgage Rates, Home Buyers Back Off in U.S.
Based on a new report from Redfin, nationwide, 57.8% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in May, the lowest level since February 2021.
U.S. Housing Industry Reacts to Fed's Historic Rate Hike
Today's announcement by the Federal Reserve set a big increase in interest rates and means several more rounds of rate hikes are on the way in upcoming months.
