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CQ Brief: December Edition

CQ Brief: December Edition

Welcome to the December Market Update

 
The holiday season is here, bringing sweater weather, joyful family festivities, and the spirit of giving! December in Houston is brimming with magical moments, from twinkling holiday markets to cozy gatherings that warm the heart. It's the perfect time to embrace the season while staying connected to the latest in real estate.
 
In this month’s newsletter, we’ve got everything you need to stay informed. Explore the latest market news to keep up with Houston’s trends, take a closer look at our Featured Community of the Month, and dive into our in-depth Neighborhood Guide to discover what makes each area special. Whether you’re buying, selling, or investing, we’re here to provide the insights that matter most this season.
 
 
Classic Christmas- Ends Dec 29 🎄
At Memorial City Mall, Coca-Cola Classic Christmas in Houston offers 55,000 square feet of dazzling light sculptures, interactive features, a local vendor market, ice skating, and a snow slide.
 
Texas Winter Lights- Ends Dec 31 🌟
The Marriott Marquis rooftop has transformed into a Winter Wonderland, complete with concerts under the stars, cozy igloos, Christmas movie nights, festive lights, and a heated lazy river.
 
Winter Wonderlawn- All Dec ❄️
Houston's downtown cultural hub, food market, and rooftop venue have kicked off the holiday season with the return of their beloved "Winter Wonderlawn," now open through Sunday, January 11.
 
Buffalo Bayou Cruises- All Dec 🚤
Discover the holiday magic from the bayou on the Buffalo Bayou Christmas Cruises. These 45-minute pontoon boat tours take guests on a scenic journey along the Bayou.
  
Quick Take:
  • After the election of Donald J. Trump, bond prices increased in anticipation of his inflationary policy positions. Interest rates are the most significant factor financially in purchasing a home for most buyers, and as we’ve seen over the past two years, higher rates translate to lower sales.
  • From October 1 – November 7, the average 30-year mortgage rate rose 71bps, landing at 6.79%. The Fed cut rates by 50 bps in September and another 25 bps during the Fed’s November 6-7 meeting.
  • Sales declined 1.0% month over month, falling to the lowest level in modern history, while inventory rose to its highest level since 2020. The spike in mortgage rates should further slow the market in the winter months.

Setting Real Estate Goals for the Holidays

It's the perfect time to focus on your real estate goals with the interest rate falling 0.5% and with more cuts likely to come from the Federal Reserve Bank. Property ambitions are certainly going to keep a keen topic of conversation this upcoming Holidays, that's for sure.
 
 

Houston Area Market Data

 

Featured Development 

Experience modern farmhouse living at Skyline Homes at Bell—only 2 homes left! These newly built, three-story residences offer stunning downtown views, 3 bedrooms, 3.5 bathrooms, elegant tile work, and sleek matte black fixtures. Enjoy the perfect blend of urban lifestyle and contemporary charm, with the added benefits of no HOA and private driveways. Don’t miss this prime opportunity!

That's it for this month! Make sure to check back every end of the month for a new CQ Brief update! 

 

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