Texas

Texasby the numbers

$232,900UP 4.4% from 2017

101,534UP 1.4% from 2017

58Unchanged from 2017

344,030UP 1.7% from 2017

3.3Compared to 3.1 in 2017

$116.36UP 5% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$57,051 TEXAS

Texas $0 - $99,999 7.7%

$100,000 - $199,999 30.2%$200,000 - $299,999 30.8%$300,000 - $399,999 15.5%$400,000 - $499,999 7.2%$500,000 - $749,999 5.7%$750,000 - $999,999 1.5%

$1,000,000+ 1.5%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

Dallas-Fort Worth-Arlington MSA $0 - $99,999 2.7%

$100,000 - $199,999 22.7%$200,000 - $299,999 34.9%$300,000 - $399,999 19.4%$400,000 - $499,999 9.4%$500,000 - $749,999 7.2%$750,000 - $999,999 1.8%

$1,000,000+ 1.8%

Houston-The Woodlands-Sugar Land MSA $0 - $99,999 5.1%

$100,000 - $199,999 31.0%$200,000 - $299,999 31.4%$300,000 - $399,999 15.8%$400,000 - $499,999 7.1%$500,000 - $749,999 5.9%$750,000 - $999,999 1.7%

$1,000,000+ 1.9%

The availability of homes priced under $200,000 hasdecreased 13.5% since 2015

Austin-Round Rock MSA $0 - $99,999 0.5%

$100,000 - $199,999 9.6%$200,000 - $299,999 38.1%$300,000 - $399,999 22.7%$400,000 - $499,999 12.0%$500,000 - $749,999 11.2%$750,000 - $999,999 3.1%

$1,000,000+ 2.9%

San Antonio-New Braunfels MSA $0 - $99,999 5.5%

$100,000 - $199,999 34.5%$200,000 - $299,999 34.3%$300,000 - $399,999 14.3%$400,000 - $499,999 6.1%$500,000 - $749,999 3.9%$750,000 - $999,999 0.8%

$1,000,000+ 0.6%

NEW HOME CONSTRUCTION & APARTMENTS

Texas

* Q4 building permit data is not currently available.

99,413NEW HOMES SOLD IN 2018

115,233NEW BUILDING PERMITS ISSUED

IN 2018

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

HOMEOWNERS SPEND AN AVERAGE OF

20.7%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

29.2%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus

0.9%10.4%

18.5%22.2%

11.6% 10.4%15.5%

7.9% 2.6%

HOMEOWNERSHIP RATE

Texas AustinRound Rock

DallasFort WorthArlington

HoustonThe Woodlands

Sugar Land

San AntonioNew Braunfels

BeaumontPort Arthur

McAllenEdinburgMission

BrownsvilleHarlingen

Midland

62.0% 58.3% 59.8% 60.5% 62.6% 68.0% 67.5% 67.2% 67.1%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

Abilene Metropolitan Statistical Area

Abilene MSAby the numbers

$160,000UP 5.3% from 2017

655UP 1.4% from 2017

554 days less than 2017

2,358UP 0.4% from 2017

3.2Compared to 2.7 in 2017

$ 97.28UP 7% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$48,156 ABILENE

Abilene MSA $0 - $99,999 22.7%

$100,000 - $199,999 46.0%$200,000 - $299,999 21.4%$300,000 - $399,999 6.9%$400,000 - $499,999 1.7%$500,000 - $749,999 1.2%$750,000 - $999,999 0.2%

$1,000,000+ 0.0%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

Taylor County $0 - $99,999 19.9%

$100,000 - $199,999 47.0%$200,000 - $299,999 22.8%$300,000 - $399,999 7.1%$400,000 - $499,999 1.9%$500,000 - $749,999 1.2%$750,000 - $999,999 0.1%

$1,000,000+ 0.0%

Callahan County $0 - $99,999 39.1%

$100,000 - $199,999 43.1%$200,000 - $299,999 11.9%$300,000 - $399,999 5.3%$400,000 - $499,999 0.0%$500,000 - $749,999 0.0%$750,000 - $999,999 0.7%

$1,000,000+ 0.0%

The availability of homes priced under $200,000 hasdecreased 4.8% since 2015

Jones County $0 - $99,999 51.7%

$100,000 - $199,999 31.9%$200,000 - $299,999 8.6%$300,000 - $399,999 6.0%$400,000 - $499,999 0.0%$500,000 - $749,999 0.9%$750,000 - $999,999 0.0%

$1,000,000+ 0.9%

Runnels County $0 - $99,999 42.7%

$100,000 - $199,999 38.2%$200,000 - $299,999 11.8%$300,000 - $399,999 4.4%$400,000 - $499,999 2.9%$500,000 - $749,999 0.0%$750,000 - $999,999 0.0%

$1,000,000+ 0.0%

NEW HOME CONSTRUCTION & APARTMENTS

Abilene

* Q4 building permit data is not currently available.

249NEW HOMES SOLD IN 2018

259NEW BUILDING PERMITS ISSUED

IN 2018

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

HOMEOWNERS SPEND AN AVERAGE OF

19.2%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

29.5%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus

1.9%12.1% 12.6%

18.1%

11.6% 10.3%

18.1%

11.6% 3.8%

HOMEOWNERSHIP RATE

Callahan County Jones County Runnels County Abilene MSA Texas Taylor County

82.3%73.9% 71.8%

62.4% 62.0% 59.0%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

Amarillo Metropolitan Statistical Area

Amarillo MSAby the numbers

$165,000UP 1.2% from 2017

1,085UP 8.6% from 2017

522 days more than 2017

3,273UP 3% from 2017

4.0Compared to 3.7 in 2017

$ 98.13UP 2.6% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$53,665 AMARILLO

Amarillo MSA $0 - $99,999 17.1%

$100,000 - $199,999 48.5%$200,000 - $299,999 20.9%$300,000 - $399,999 7.6%$400,000 - $499,999 2.9%$500,000 - $749,999 2.3%$750,000 - $999,999 0.4%

$1,000,000+ 0.2%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

Randall County $0 - $99,999 8.4%

$100,000 - $199,999 53.0%$200,000 - $299,999 23.7%$300,000 - $399,999 8.2%$400,000 - $499,999 3.4%$500,000 - $749,999 2.7%$750,000 - $999,999 0.4%

$1,000,000+ 0.2%

Potter County $0 - $99,999 35.6%

$100,000 - $199,999 39.1%$200,000 - $299,999 14.6%$300,000 - $399,999 6.5%$400,000 - $499,999 2.2%$500,000 - $749,999 1.3%$750,000 - $999,999 0.4%

$1,000,000+ 0.3%

The availability of homes priced under $200,000 hasdecreased 4.9% since 2015

Texas $0 - $99,999 7.7%

$100,000 - $199,999 30.2%$200,000 - $299,999 30.8%$300,000 - $399,999 15.5%$400,000 - $499,999 7.2%$500,000 - $749,999 5.7%$750,000 - $999,999 1.5%

$1,000,000+ 1.5%

NEW HOME CONSTRUCTION & APARTMENTS

Amarillo

* Q4 building permit data is not currently available.

649NEW HOMES SOLD IN 2018

440NEW BUILDING PERMITS ISSUED

IN 2018

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

HOMEOWNERS SPEND AN AVERAGE OF

20.5%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

26.8%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus

1.2%12.4%

16.3%19.6%

11.3% 10.5%16.3%

9% 3.3%

HOMEOWNERSHIP RATE

Carson County ArmstrongCounty

Randall County Amarillo MSA Texas Potter County

85.0% 81.1%69.8% 64.6% 62.0% 57.3%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

Austin-Round Rock Metropolitan Statistical Area

Austin-Round Rock MSAby the numbers

$306,000UP 3.7% from 2017

7,387UP 1.9% from 2017

562 days more than 2017

34,460UP 1.5% from 2017

2.3Compared to 2.1 in 2017

$153.66UP 3.9% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$69,717 AUSTIN-ROUND ROCK

Austin-Round Rock MSA $0 - $99,999 0.5%

$100,000 - $199,999 9.6%$200,000 - $299,999 38.1%$300,000 - $399,999 22.7%$400,000 - $499,999 12.0%$500,000 - $749,999 11.2%$750,000 - $999,999 3.1%

$1,000,000+ 2.9%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

Travis County $0 - $99,999 0.3%

$100,000 - $199,999 7.5%$200,000 - $299,999 30.1%$300,000 - $399,999 23.3%$400,000 - $499,999 13.7%$500,000 - $749,999 14.9%$750,000 - $999,999 5.2%

$1,000,000+ 5.0%

Williamson County $0 - $99,999 0.2%

$100,000 - $199,999 8.6%$200,000 - $299,999 48.4%$300,000 - $399,999 25.6%$400,000 - $499,999 10.6%$500,000 - $749,999 6.0%$750,000 - $999,999 0.5%

$1,000,000+ 0.2%

The availability of homes priced under $200,000 hasdecreased 17.7% since 2015

Hays County $0 - $99,999 0.4%

$100,000 - $199,999 14.7%$200,000 - $299,999 46.0%$300,000 - $399,999 15.1%$400,000 - $499,999 10.2%$500,000 - $749,999 11.1%$750,000 - $999,999 1.5%

$1,000,000+ 1.1%

Bastrop County $0 - $99,999 4.2%

$100,000 - $199,999 27.7%$200,000 - $299,999 44.5%$300,000 - $399,999 12.8%$400,000 - $499,999 6.8%$500,000 - $749,999 2.5%$750,000 - $999,999 0.8%

$1,000,000+ 0.6%

NEW HOME CONSTRUCTION & APARTMENTS

Austin-Round Rock

* Q4 building permit data is not currently available.

15,667NEW HOMES SOLD IN 2018

13,377NEW BUILDING PERMITS ISSUED

IN 2018

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

HOMEOWNERS SPEND AN AVERAGE OF

21.2%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

28.7%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus0.5%

11.3%

22.5% 23.3%

10.8% 10.3%13.7% 5.8%

1.9%

HOMEOWNERSHIP RATE

Bastrop County WilliamsonCounty

Hays County Texas AustinRound Rock MSA

Travis County

76.5% 68.9% 62.1% 62.0% 58.3% 52.3%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

Beaumont-Port Arthur Metropolitan Statistical Area

Beaumont-Port Arthur MSAby the numbers

$150,000UP 3.1% from 2017

1,124DOWN 9.7% from 2017

7512 days less than 2017

3,811UP 0.2% from 2017

3.7Compared to 3.1 in 2017

$ 88.73UP 4% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$48,962 BEAUMONT-PORT ARTHUR

Beaumont-Port Arthur MSA $0 - $99,999 28.4%

$100,000 - $199,999 41.1%$200,000 - $299,999 19.7%$300,000 - $399,999 7.9%$400,000 - $499,999 1.8%$500,000 - $749,999 1.0%$750,000 - $999,999 0.0%

$1,000,000+ 0.0%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

Jefferson County $0 - $99,999 28.9%

$100,000 - $199,999 41.7%$200,000 - $299,999 18.8%$300,000 - $399,999 7.5%$400,000 - $499,999 2.0%$500,000 - $749,999 1.2%$750,000 - $999,999 0.0%

$1,000,000+ 0.0%

Orange County $0 - $99,999 35.0%

$100,000 - $199,999 40.5%$200,000 - $299,999 18.7%$300,000 - $399,999 4.8%$400,000 - $499,999 0.9%$500,000 - $749,999 0.1%$750,000 - $999,999 0.0%

$1,000,000+ 0.0%

The availability of homes priced under $200,000 hasdecreased 6.0% since 2015

Hardin County $0 - $99,999 17.8%

$100,000 - $199,999 40.0%$200,000 - $299,999 24.6%$300,000 - $399,999 13.5%$400,000 - $499,999 2.3%$500,000 - $749,999 1.7%$750,000 - $999,999 0.0%

$1,000,000+ 0.2%

Texas $0 - $99,999 7.7%

$100,000 - $199,999 30.2%$200,000 - $299,999 30.8%$300,000 - $399,999 15.5%$400,000 - $499,999 7.2%$500,000 - $749,999 5.7%$750,000 - $999,999 1.5%

$1,000,000+ 1.5%

NEW HOME CONSTRUCTION & APARTMENTS

Beaumont-Port Arthur

* Q4 building permit data is not currently available.

233NEW HOMES SOLD IN 2018

382NEW BUILDING PERMITS ISSUED

IN 2018

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

HOMEOWNERS SPEND AN AVERAGE OF

19.2%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

27.6%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus

1.5%10.8%

15%19.1%

12.3% 10.9%16.6%

10.2% 3.7%

HOMEOWNERSHIP RATE

Hardin County Orange County BeaumontPort Arthur MSA

Texas Jefferson County

80.8% 75.3%68.0% 62.0% 61.9%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

Brownsville-Harlingen Metropolitan Statistical Area

Brownsville-Harlingen MSAby the numbers

$145,000UP 11.5% from 2017

1,664DOWN 8.8% from 2017

1274 days more than 2017

2,382UP 5.5% from 2017

7.9Compared to 8.8 in 2017

$ 88.84UP 7.4% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$36,095 BROWNSVILLE-HARLINGEN

Brownsville-Harlingen MSA $0 - $99,999 24.4%

$100,000 - $199,999 49.3%$200,000 - $299,999 15.5%$300,000 - $399,999 6.5%$400,000 - $499,999 2.4%$500,000 - $749,999 1.6%$750,000 - $999,999 0.3%

$1,000,000+ 0.1%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

Hidalgo County $0 - $99,999 18.5%

$100,000 - $199,999 59.6%$200,000 - $299,999 16.3%$300,000 - $399,999 3.5%$400,000 - $499,999 1.1%$500,000 - $749,999 0.7%$750,000 - $999,999 0.2%

$1,000,000+ 0.0%

Cameron County $0 - $99,999 24.4%

$100,000 - $199,999 49.3%$200,000 - $299,999 15.5%$300,000 - $399,999 6.5%$400,000 - $499,999 2.4%$500,000 - $749,999 1.6%$750,000 - $999,999 0.3%

$1,000,000+ 0.1%

The availability of homes priced under $200,000 hasdecreased 7.6% since 2015

Willacy County $0 - $99,999 51.7%

$100,000 - $199,999 29.3%$200,000 - $299,999 15.5%$300,000 - $399,999 3.5%$400,000 - $499,999 0.0%$500,000 - $749,999 0.0%$750,000 - $999,999 0.0%

$1,000,000+ 0.0%

Texas $0 - $99,999 7.7%

$100,000 - $199,999 30.2%$200,000 - $299,999 30.8%$300,000 - $399,999 15.5%$400,000 - $499,999 7.2%$500,000 - $749,999 5.7%$750,000 - $999,999 1.5%

$1,000,000+ 1.5%

NEW HOME CONSTRUCTION & APARTMENTS

Brownsville-Harlingen

* Q4 building permit data is not currently available.

430NEW HOMES SOLD IN 2018

711NEW BUILDING PERMITS ISSUED

IN 2018

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

HOMEOWNERS SPEND AN AVERAGE OF

20.8%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

32.4%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus0.8% 8.5%

17.5%22.1%

11.4% 10.3%16%

10.3% 3.2%

HOMEOWNERSHIP RATE

Willacy County Hidalgo County BrownsvilleHarlingen MSA

Cameron County Texas

77.8%67.5% 67.2% 67.2% 62.0%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

College Station-Bryan Metropolitan Statistical Area

College Station-Bryan MSAby the numbers

$223,500UP 2.6% from 2017

1,223UP 24.4% from 2017

6311 days more than 2017

3,310DOWN 1.6% from 2017

4.2Compared to 3.5 in 2017

$129.69UP 2.3% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$45,078 COLLEGE STATION-BRYAN

College Station-Bryan MSA $0 - $99,999 5.6%

$100,000 - $199,999 33.2%$200,000 - $299,999 33.9%$300,000 - $399,999 14.9%$400,000 - $499,999 6.1%$500,000 - $749,999 5.1%$750,000 - $999,999 0.8%

$1,000,000+ 0.3%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

Brazos County $0 - $99,999 4.0%

$100,000 - $199,999 32.8%$200,000 - $299,999 35.2%$300,000 - $399,999 15.4%$400,000 - $499,999 6.4%$500,000 - $749,999 5.3%$750,000 - $999,999 0.8%

$1,000,000+ 0.2%

Burleson County $0 - $99,999 25.2%

$100,000 - $199,999 44.4%$200,000 - $299,999 16.6%$300,000 - $399,999 6.0%$400,000 - $499,999 2.0%$500,000 - $749,999 3.3%$750,000 - $999,999 0.0%

$1,000,000+ 2.7%

The availability of homes priced under $200,000 hasdecreased 18.3% since 2015

Robertson County $0 - $99,999 25.2%

$100,000 - $199,999 29.9%$200,000 - $299,999 19.6%$300,000 - $399,999 15.0%$400,000 - $499,999 3.7%$500,000 - $749,999 4.7%$750,000 - $999,999 0.9%

$1,000,000+ 0.9%

Leon County $0 - $99,999 30.4%

$100,000 - $199,999 40.2%$200,000 - $299,999 15.7%$300,000 - $399,999 8.8%$400,000 - $499,999 2.9%$500,000 - $749,999 2.0%$750,000 - $999,999 0.0%

$1,000,000+ 0.0%

NEW HOME CONSTRUCTION & APARTMENTS

College Station-Bryan

* Q4 building permit data is not currently available.

678NEW HOMES SOLD IN 2018

865NEW BUILDING PERMITS ISSUED

IN 2018

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

HOMEOWNERS SPEND AN AVERAGE OF

22.4%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

41.1%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus

2.3%12.6%

16%20%

11.3% 10.7%16%

8.2% 2.9%

HOMEOWNERSHIP RATE

Leon County Burleson County Robertson County Texas College StationBryan MSA

Brazos County

78.4% 78.1% 74.5%62.0%

49.9% 45.5%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

Corpus Christi Metropolitan Statistical Area

Corpus Christi MSAby the numbers

$194,905UP 4.8% from 2017

2,469DOWN 12.5% from 2017

813 days less than 2017

5,613UP 8% from 2017

4.9Compared to 5.2 in 2017

$117.15UP 2.6% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$52,883 CORPUS CHRISTI

Corpus Christi MSA $0 - $99,999 11.5%

$100,000 - $199,999 41.0%$200,000 - $299,999 30.4%$300,000 - $399,999 9.7%$400,000 - $499,999 3.8%$500,000 - $749,999 2.7%$750,000 - $999,999 0.6%

$1,000,000+ 0.4%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

Nueces County $0 - $99,999 11.6%

$100,000 - $199,999 41.0%$200,000 - $299,999 29.9%$300,000 - $399,999 9.9%$400,000 - $499,999 4.2%$500,000 - $749,999 2.3%$750,000 - $999,999 0.7%

$1,000,000+ 0.3%

San Patricio County $0 - $99,999 12.8%

$100,000 - $199,999 45.1%$200,000 - $299,999 30.8%$300,000 - $399,999 6.6%$400,000 - $499,999 2.1%$500,000 - $749,999 2.2%$750,000 - $999,999 0.3%

$1,000,000+ 0.2%

The availability of homes priced under $200,000 hasdecreased 6.3% since 2015

Aransas County $0 - $99,999 8.9%

$100,000 - $199,999 33.6%$200,000 - $299,999 33.8%$300,000 - $399,999 12.6%$400,000 - $499,999 2.2%$500,000 - $749,999 6.6%$750,000 - $999,999 1.1%

$1,000,000+ 1.1%

Texas $0 - $99,999 7.7%

$100,000 - $199,999 30.2%$200,000 - $299,999 30.8%$300,000 - $399,999 15.5%$400,000 - $499,999 7.2%$500,000 - $749,999 5.7%$750,000 - $999,999 1.5%

$1,000,000+ 1.5%

NEW HOME CONSTRUCTION & APARTMENTS

Corpus Christi

* Q4 building permit data is not currently available.

904NEW HOMES SOLD IN 2018

855NEW BUILDING PERMITS ISSUED

IN 2018

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

HOMEOWNERS SPEND AN AVERAGE OF

20.7%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

29.0%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus

1%9.3%

14.8%20.4%

11.4% 11.2%

18.4%

10.4% 3.2%

HOMEOWNERSHIP RATE

Aransas County San PatricioCounty

Texas Corpus ChristiMSA

Nueces County

73.9% 66.9% 62.0% 60.0% 57.8%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

Dallas-Fort Worth-Arlington Metropolitan Statistical Area

Dallas-Fort Worth-Arlington MSAby the numbers

$265,000UP 3.9% from 2017

22,095UP 13.9% from 2017

423 days more than 2017

99,848DOWN 2.3% from 2017

2.5Compared to 1.9 in 2017

$127.26UP 5.7% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$63,870 DALLAS-FORTWORTH-ARLINGTON

Dallas-Fort Worth-Arlington MSA $0 - $99,999 2.7%

$100,000 - $199,999 22.7%$200,000 - $299,999 34.9%$300,000 - $399,999 19.4%$400,000 - $499,999 9.4%$500,000 - $749,999 7.2%$750,000 - $999,999 1.8%

$1,000,000+ 1.8%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

Tarrant County $0 - $99,999 2.7%

$100,000 - $199,999 30.9%$200,000 - $299,999 39.2%$300,000 - $399,999 13.8%$400,000 - $499,999 6.0%$500,000 - $749,999 4.7%$750,000 - $999,999 1.5%

$1,000,000+ 1.1%

Dallas County $0 - $99,999 4.2%

$100,000 - $199,999 32.1%$200,000 - $299,999 27.3%$300,000 - $399,999 13.5%$400,000 - $499,999 8.2%$500,000 - $749,999 7.9%$750,000 - $999,999 2.6%

$1,000,000+ 4.4%

The availability of homes priced under $200,000 hasdecreased 20.8% since 2015

Collin County $0 - $99,999 0.3%

$100,000 - $199,999 4.6%$200,000 - $299,999 32.7%$300,000 - $399,999 32.5%$400,000 - $499,999 15.9%$500,000 - $749,999 10.7%$750,000 - $999,999 2.2%

$1,000,000+ 1.2%

Denton County $0 - $99,999 0.3%

$100,000 - $199,999 7.0%$200,000 - $299,999 39.5%$300,000 - $399,999 25.5%$400,000 - $499,999 13.6%$500,000 - $749,999 11.1%$750,000 - $999,999 2.2%

$1,000,000+ 0.8%

NEW HOME CONSTRUCTION & APARTMENTS

Dallas-Fort Worth-Arlington

* Q4 building permit data is not currently available.

31,283NEW HOMES SOLD IN 2018

29,158NEW BUILDING PERMITS ISSUED

IN 2018

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

Dallas Fort Worth

HOMEOWNERS SPEND AN AVERAGE OF

20.5%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

28.4%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus0.7%

10.4%

20.1%24.3%

11.8% 9.9%14.4%

6.6% 2%

HOMEOWNERSHIP RATE

Collin County Denton County Texas Tarrant County Dallas

Fort WorthArlington MSA

Dallas County

65.6% 64.5% 62.0% 60.7% 59.8%50.5%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

El Paso Metropolitan Statistical Area

El Paso MSAby the numbers

$154,450UP 3% from 2017

3,033DOWN 14.4% from 2017

971 day more than 2017

8,598UP 9.5% from 2017

3.7Compared to 5.3 in 2017

$ 91.73UP 2.6% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$43,170 EL PASO

El Paso MSA $0 - $99,999 13.8%

$100,000 - $199,999 62.7%$200,000 - $299,999 16.8%$300,000 - $399,999 4.1%$400,000 - $499,999 1.4%$500,000 - $749,999 0.9%$750,000 - $999,999 0.2%

$1,000,000+ 0.1%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

El Paso County $0 - $99,999 13.7%

$100,000 - $199,999 62.7%$200,000 - $299,999 16.8%$300,000 - $399,999 4.1%$400,000 - $499,999 1.4%$500,000 - $749,999 0.9%$750,000 - $999,999 0.2%

$1,000,000+ 0.1%

Texas $0 - $99,999 7.7%

$100,000 - $199,999 30.2%$200,000 - $299,999 30.8%$300,000 - $399,999 15.5%$400,000 - $499,999 7.2%$500,000 - $749,999 5.7%$750,000 - $999,999 1.5%

$1,000,000+ 1.5%

The availability of homes priced under $200,000 hasdecreased 3.5% since 2015

NEW HOME CONSTRUCTION & APARTMENTS

El Paso

* Q4 building permit data is not currently available.

2,890NEW HOMES SOLD IN 2018

1,604NEW BUILDING PERMITS ISSUED

IN 2018

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

HOMEOWNERS SPEND AN AVERAGE OF

22.9%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

31.1%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus

0.9%10%

19.1%22.7%

11.6% 10%14.1%

8.4% 3.2%

HOMEOWNERSHIP RATE

Texas El Paso MSA El Paso County

62.0% 61.6% 61.6%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

Houston-The Woodlands-Sugar Land Metropolitan Statistical Area

Houston-The Woodlands-Sugar Land MSAby the numbers

$235,000UP 3.1% from 2017

26,368UP 1.6% from 2017

56Unchanged from 2017

© 2019 Houston Realtors Information Service, Inc. -Certain information contained herein is derived from

information which is the licensed property of, andcopyrighted by, Houston Realtors Information Service, Inc.

87,129UP 3.3% from 2017

3.5Compared to 3.1 in 2017

$109.18UP 4.2% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$62,922 HOUSTON-THEWOODLANDS-SUGAR LAND

Houston-The Woodlands-Sugar Land MSA $0 - $99,999 5.1%

$100,000 - $199,999 31.0%$200,000 - $299,999 31.4%$300,000 - $399,999 15.8%$400,000 - $499,999 7.1%$500,000 - $749,999 5.9%$750,000 - $999,999 1.7%

$1,000,000+ 1.9%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

Harris County $0 - $99,999 5.7%

$100,000 - $199,999 36.3%$200,000 - $299,999 27.8%$300,000 - $399,999 13.4%$400,000 - $499,999 6.3%$500,000 - $749,999 5.6%$750,000 - $999,999 2.0%

$1,000,000+ 2.8%

Fort Bend County $0 - $99,999 0.8%

$100,000 - $199,999 18.0%$200,000 - $299,999 37.9%$300,000 - $399,999 23.3%$400,000 - $499,999 10.5%$500,000 - $749,999 7.7%$750,000 - $999,999 1.2%

$1,000,000+ 0.6%

The availability of homes priced under $200,000 hasdecreased 10.5% since 2015

Montgomery County $0 - $99,999 4.0%

$100,000 - $199,999 23.4%$200,000 - $299,999 34.9%$300,000 - $399,999 17.6%$400,000 - $499,999 8.9%$500,000 - $749,999 7.9%$750,000 - $999,999 2.1%

$1,000,000+ 1.3%

Galveston County $0 - $99,999 9.0%

$100,000 - $199,999 29.1%$200,000 - $299,999 31.9%$300,000 - $399,999 16.8%$400,000 - $499,999 5.6%$500,000 - $749,999 5.7%$750,000 - $999,999 1.2%

$1,000,000+ 0.7%

NEW HOME CONSTRUCTION & APARTMENTS

Houston-The Woodlands-Sugar Land

* Q4 building permit data is not currently available.

27,349NEW HOMES SOLD IN 2018

32,135NEW BUILDING PERMITS ISSUED

IN 2018

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

HOMEOWNERS SPEND AN AVERAGE OF

20.9%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

29.3%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus0.8%

10.8%

20.1%23.3%

12.2% 10.5%14.1%

6.2% 2%

HOMEOWNERSHIP RATE

Fort Bend County MontgomeryCounty

Galveston County Texas Houston

The WoodlandsSugar Land MSA

Harris County

78.1% 71.2% 66.3% 62.0% 60.5% 54.8%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

Killeen-Temple Metropolitan Statistical Area

Killeen-Temple MSAby the numbers

$160,000UP 4.6% from 2017

1,720DOWN 7% from 2017

633 days less than 2017

6,622UP 4.5% from 2017

2.9Compared to 3.3 in 2017

$ 87.91UP 6% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$52,353 KILLEEN-TEMPLE

Killeen-Temple MSA $0 - $99,999 17.4%

$100,000 - $199,999 53.3%$200,000 - $299,999 19.8%$300,000 - $399,999 6.0%$400,000 - $499,999 2.0%$500,000 - $749,999 1.2%$750,000 - $999,999 0.2%

$1,000,000+ 0.1%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

Bell County $0 - $99,999 15.1%

$100,000 - $199,999 54.3%$200,000 - $299,999 20.6%$300,000 - $399,999 6.3%$400,000 - $499,999 2.1%$500,000 - $749,999 1.3%$750,000 - $999,999 0.2%

$1,000,000+ 0.1%

Coryell County $0 - $99,999 32.8%

$100,000 - $199,999 49.3%$200,000 - $299,999 12.1%$300,000 - $399,999 4.0%$400,000 - $499,999 1.2%$500,000 - $749,999 0.6%$750,000 - $999,999 0.0%

$1,000,000+ 0.0%

The availability of homes priced under $200,000 hasdecreased 6.2% since 2015

Lampasas County $0 - $99,999 11.2%

$100,000 - $199,999 47.9%$200,000 - $299,999 28.8%$300,000 - $399,999 7.3%$400,000 - $499,999 2.4%$500,000 - $749,999 1.2%$750,000 - $999,999 0.3%

$1,000,000+ 0.9%

Texas $0 - $99,999 7.7%

$100,000 - $199,999 30.2%$200,000 - $299,999 30.8%$300,000 - $399,999 15.5%$400,000 - $499,999 7.2%$500,000 - $749,999 5.7%$750,000 - $999,999 1.5%

$1,000,000+ 1.5%

NEW HOME CONSTRUCTION & APARTMENTS

Killeen-Temple

* Q4 building permit data is not currently available.

1,871NEW HOMES SOLD IN 2018

1,848NEW BUILDING PERMITS ISSUED

IN 2018

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

HOMEOWNERS SPEND AN AVERAGE OF

20.4%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

27.7%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus

1.2%12.2%

19.1% 21.3%

11.2% 9.5%15.5%

7.6% 2.6%

HOMEOWNERSHIP RATE

Lampasas County Texas Coryell County KilleenTemple MSA

Bell County

74.3%62.0% 57.6% 56.3% 54.8%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

Laredo Metropolitan Statistical Area

Laredo MSAby the numbers

$164,900UP 1.8% from 2017

517DOWN 0.6% from 2017

62Unchanged from 2017

1,242DOWN 0.7% from 2017

4.6Compared to 4.9 in 2017

$100.97UP 1.1% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$40,442 LAREDO

Laredo MSA $0 - $99,999 11.3%

$100,000 - $199,999 57.4%$200,000 - $299,999 23.2%$300,000 - $399,999 6.1%$400,000 - $499,999 1.1%$500,000 - $749,999 0.7%$750,000 - $999,999 0.1%

$1,000,000+ 0.2%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

Webb County $0 - $99,999 11.3%

$100,000 - $199,999 57.4%$200,000 - $299,999 23.2%$300,000 - $399,999 6.1%$400,000 - $499,999 1.1%$500,000 - $749,999 0.7%$750,000 - $999,999 0.1%

$1,000,000+ 0.2%

Maverick County $0 - $99,999 20.0%

$100,000 - $199,999 68.2%$200,000 - $299,999 11.4%$300,000 - $399,999 0.4%$400,000 - $499,999 0.0%$500,000 - $749,999 0.0%$750,000 - $999,999 0.0%

$1,000,000+ 0.0%

The availability of homes priced under $200,000 hasdecreased 3.1% since 2015

Duval County $0 - $99,999 68.8%

$100,000 - $199,999 25.0%$200,000 - $299,999 6.3%$300,000 - $399,999 0.0%$400,000 - $499,999 0.0%$500,000 - $749,999 0.0%$750,000 - $999,999 0.0%

$1,000,000+ 0.0%

Texas $0 - $99,999 7.7%

$100,000 - $199,999 30.2%$200,000 - $299,999 30.8%$300,000 - $399,999 15.5%$400,000 - $499,999 7.2%$500,000 - $749,999 5.7%$750,000 - $999,999 1.5%

$1,000,000+ 1.5%

NEW HOME CONSTRUCTION & APARTMENTS

Laredo

* Q4 building permit data is not currently available.

757NEW HOMES SOLD IN 2018

900NEW BUILDING PERMITS ISSUED

IN 2018

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

HOMEOWNERS SPEND AN AVERAGE OF

23.7%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

31.8%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus0.5%

10.5%

23% 23.1%

11.2% 9.9%12.6%

6.7% 2.5%

HOMEOWNERSHIP RATE

Maverick County Duval County Laredo MSA Webb County Texas

68.0% 67.2% 63.0% 63.0% 62.0%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

Longview Metropolitan Statistical Area

Longview MSAby the numbers

$155,000UP 6.9% from 2017

1,031DOWN 19.8% from 2017

8910 days less than 2017

2,099UP 6% from 2017

5.2Compared to 6.6 in 2017

$ 82.94UP 3.3% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$48,359 LONGVIEW

Longview MSA $0 - $99,999 21.6%

$100,000 - $199,999 49.8%$200,000 - $299,999 18.6%$300,000 - $399,999 6.6%$400,000 - $499,999 1.9%$500,000 - $749,999 0.8%$750,000 - $999,999 0.4%

$1,000,000+ 0.3%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

Gregg County $0 - $99,999 17.5%

$100,000 - $199,999 51.9%$200,000 - $299,999 20.5%$300,000 - $399,999 6.9%$400,000 - $499,999 2.0%$500,000 - $749,999 0.9%$750,000 - $999,999 0.2%

$1,000,000+ 0.2%

Rusk County $0 - $99,999 30.1%

$100,000 - $199,999 51.0%$200,000 - $299,999 11.5%$300,000 - $399,999 5.3%$400,000 - $499,999 0.7%$500,000 - $749,999 0.5%$750,000 - $999,999 1.0%

$1,000,000+ 0.0%

The availability of homes priced under $200,000 hasdecreased 3.8% since 2015

Texas $0 - $99,999 7.7%

$100,000 - $199,999 30.2%$200,000 - $299,999 30.8%$300,000 - $399,999 15.5%$400,000 - $499,999 7.2%$500,000 - $749,999 5.7%$750,000 - $999,999 1.5%

$1,000,000+ 1.5%

NEW HOME CONSTRUCTION & APARTMENTS

Longview

* Q4 building permit data is not currently available.

98NEW HOMES SOLD IN 2018

109NEW BUILDING PERMITS ISSUED

IN 2018

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

HOMEOWNERS SPEND AN AVERAGE OF

20.5%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

28.8%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus

1.1%10.1%

15.3%18.5%

12.5% 10.5%

17.2%

10.8% 3.9%

HOMEOWNERSHIP RATE

Rusk County Longview MSA Texas Gregg County

76.1%66.1% 62.0% 58.9%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

Lubbock Metropolitan Statistical Area

Lubbock MSAby the numbers

$165,900UP 7.4% from 2017

1,084UP 19.1% from 2017

421 day more than 2017

4,457UP 16.2% from 2017

2.9Compared to 3.0 in 2017

$ 91.94UP 4.3% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$48,709 LUBBOCK

Lubbock MSA $0 - $99,999 15.7%

$100,000 - $199,999 48.0%$200,000 - $299,999 20.8%$300,000 - $399,999 9.6%$400,000 - $499,999 2.9%$500,000 - $749,999 2.2%$750,000 - $999,999 0.5%

$1,000,000+ 0.4%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

Lubbock County $0 - $99,999 15.4%

$100,000 - $199,999 48.4%$200,000 - $299,999 20.9%$300,000 - $399,999 9.5%$400,000 - $499,999 2.8%$500,000 - $749,999 2.2%$750,000 - $999,999 0.5%

$1,000,000+ 0.4%

Hale County $0 - $99,999 50.0%

$100,000 - $199,999 42.7%$200,000 - $299,999 6.0%$300,000 - $399,999 1.4%$400,000 - $499,999 0.0%$500,000 - $749,999 0.0%$750,000 - $999,999 0.0%

$1,000,000+ 0.0%

The availability of homes priced under $200,000 hasdecreased 12.3% since 2015

Hockley County $0 - $99,999 31.5%

$100,000 - $199,999 49.1%$200,000 - $299,999 16.4%$300,000 - $399,999 1.8%$400,000 - $499,999 1.2%$500,000 - $749,999 0.0%$750,000 - $999,999 0.0%

$1,000,000+ 0.0%

Texas $0 - $99,999 7.7%

$100,000 - $199,999 30.2%$200,000 - $299,999 30.8%$300,000 - $399,999 15.5%$400,000 - $499,999 7.2%$500,000 - $749,999 5.7%$750,000 - $999,999 1.5%

$1,000,000+ 1.5%

NEW HOME CONSTRUCTION & APARTMENTS

Lubbock

* Q4 building permit data is not currently available.

976NEW HOMES SOLD IN 2018

1,184NEW BUILDING PERMITS ISSUED

IN 2018

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

HOMEOWNERS SPEND AN AVERAGE OF

19.2%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

34.6%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus

2%12%

15.6%19.6%

11.3% 10.5%

16.4%

9.3% 3.3%

HOMEOWNERSHIP RATE

Hockley County Texas Hale County Lubbock MSA Lubbock County

68.6% 62.0% 60.4% 56.4% 56.0%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

McAllen-Edinburg-Mission Metropolitan Statistical Area

McAllen-Edinburg-Mission MSAby the numbers

$145,500UP 3.9% from 2017

1,923UP 0.8% from 2017

953 days more than 2017

2,863DOWN 2.7% from 2017

8.2Compared to 7.3 in 2017

$ 82.47UP 2.6% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$37,097 MCALLEN-EDINBURG-MISSION

McAllen-Edinburg-Mission MSA $0 - $99,999 18.5%

$100,000 - $199,999 59.6%$200,000 - $299,999 16.3%$300,000 - $399,999 3.5%$400,000 - $499,999 1.1%$500,000 - $749,999 0.7%$750,000 - $999,999 0.2%

$1,000,000+ 0.0%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

Hidalgo County $0 - $99,999 18.5%

$100,000 - $199,999 59.6%$200,000 - $299,999 16.3%$300,000 - $399,999 3.5%$400,000 - $499,999 1.1%$500,000 - $749,999 0.7%$750,000 - $999,999 0.2%

$1,000,000+ 0.0%

Cameron County $0 - $99,999 24.4%

$100,000 - $199,999 49.3%$200,000 - $299,999 15.5%$300,000 - $399,999 6.5%$400,000 - $499,999 2.4%$500,000 - $749,999 1.6%$750,000 - $999,999 0.3%

$1,000,000+ 0.1%

The availability of homes priced under $200,000 hasdecreased 6.7% since 2015

Willacy County $0 - $99,999 51.7%

$100,000 - $199,999 29.3%$200,000 - $299,999 15.5%$300,000 - $399,999 3.5%$400,000 - $499,999 0.0%$500,000 - $749,999 0.0%$750,000 - $999,999 0.0%

$1,000,000+ 0.0%

Starr County $0 - $99,999 39.0%

$100,000 - $199,999 51.2%$200,000 - $299,999 7.3%$300,000 - $399,999 0.0%$400,000 - $499,999 0.0%$500,000 - $749,999 2.4%$750,000 - $999,999 0.0%

$1,000,000+ 0.0%

NEW HOME CONSTRUCTION & APARTMENTS

McAllen-Edinburg-Mission

* Q4 building permit data is not currently available.

977NEW HOMES SOLD IN 2018

3,024NEW BUILDING PERMITS ISSUED

IN 2018

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

HOMEOWNERS SPEND AN AVERAGE OF

22.8%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

31.2%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus

1.3%10.9%

22.4% 21.7%

9.9% 8.7%14.2%

8.4% 2.6%

HOMEOWNERSHIP RATE

Willacy County Starr County Hidalgo County McAllenEdinburg

Mission MSA

Cameron County Texas

77.8% 74.4% 67.5% 67.5% 67.2% 62.0%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

Midland Metropolitan Statistical Area

Midland MSAby the numbers

$290,000UP 14.6% from 2017

335DOWN 23.9% from 2017

3117 days less than 2017

2,802UP 1% from 2017

1.5Compared to 1.3 in 2017

$140.02UP 11.6% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$75,570 MIDLAND

Midland MSA $0 - $99,999 3.7%

$100,000 - $199,999 15.6%$200,000 - $299,999 34.8%$300,000 - $399,999 23.6%$400,000 - $499,999 11.9%$500,000 - $749,999 7.5%$750,000 - $999,999 2.4%

$1,000,000+ 0.6%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

Midland County $0 - $99,999 3.6%

$100,000 - $199,999 15.3%$200,000 - $299,999 34.9%$300,000 - $399,999 23.8%$400,000 - $499,999 11.9%$500,000 - $749,999 7.5%$750,000 - $999,999 2.4%

$1,000,000+ 0.6%

Ector County $0 - $99,999 7.5%

$100,000 - $199,999 40.3%$200,000 - $299,999 38.2%$300,000 - $399,999 8.6%$400,000 - $499,999 3.1%$500,000 - $749,999 1.6%$750,000 - $999,999 0.4%

$1,000,000+ 0.2%

The availability of homes priced under $200,000 hasdecreased 14.0% since 2015

Howard County $0 - $99,999 28.1%

$100,000 - $199,999 44.6%$200,000 - $299,999 21.1%$300,000 - $399,999 5.6%$400,000 - $499,999 0.5%$500,000 - $749,999 0.2%$750,000 - $999,999 0.0%

$1,000,000+ 0.0%

Scurry County $0 - $99,999 45.0%

$100,000 - $199,999 39.6%$200,000 - $299,999 12.1%$300,000 - $399,999 2.7%$400,000 - $499,999 0.0%$500,000 - $749,999 0.7%$750,000 - $999,999 0.0%

$1,000,000+ 0.0%

NEW HOME CONSTRUCTION & APARTMENTS

Midland

* Q4 building permit data is not currently available.

638NEW HOMES SOLD IN 2018

889NEW BUILDING PERMITS ISSUED

IN 2018

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

HOMEOWNERS SPEND AN AVERAGE OF

19.2%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

24.6%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus

2.3%

16.4% 17.4% 19.1%

11.3% 11.3% 11.3%7.8% 3.1%

HOMEOWNERSHIP RATE

Scurry County Howard County Midland MSA Midland County Ector County Texas

74.1% 68.1% 67.1% 66.8% 66.0% 62.0%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

Odessa Metropolitan Statistical Area

Odessa MSAby the numbers

$203,500UP 16.3% from 2017

196DOWN 47.7% from 2017

3925 days less than 2017

1,704UP 28.5% from 2017

1.3Compared to 2.3 in 2017

$115.66UP 13.6% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$59,528 ODESSA

Odessa MSA $0 - $99,999 7.5%

$100,000 - $199,999 40.3%$200,000 - $299,999 38.2%$300,000 - $399,999 8.6%$400,000 - $499,999 3.1%$500,000 - $749,999 1.6%$750,000 - $999,999 0.4%

$1,000,000+ 0.2%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

Midland County $0 - $99,999 3.6%

$100,000 - $199,999 15.3%$200,000 - $299,999 34.9%$300,000 - $399,999 23.8%$400,000 - $499,999 11.9%$500,000 - $749,999 7.5%$750,000 - $999,999 2.4%

$1,000,000+ 0.6%

Ector County $0 - $99,999 7.5%

$100,000 - $199,999 40.3%$200,000 - $299,999 38.2%$300,000 - $399,999 8.6%$400,000 - $499,999 3.1%$500,000 - $749,999 1.6%$750,000 - $999,999 0.4%

$1,000,000+ 0.2%

The availability of homes priced under $200,000 hasdecreased 17.9% since 2015

Andrews County $0 - $99,999 9.5%

$100,000 - $199,999 41.0%$200,000 - $299,999 32.3%$300,000 - $399,999 13.4%$400,000 - $499,999 1.3%$500,000 - $749,999 2.2%$750,000 - $999,999 0.4%

$1,000,000+ 0.0%

Ward County $0 - $99,999 17.3%

$100,000 - $199,999 40.0%$200,000 - $299,999 33.3%$300,000 - $399,999 5.3%$400,000 - $499,999 2.7%$500,000 - $749,999 1.3%$750,000 - $999,999 0.0%

$1,000,000+ 0.0%

NEW HOME CONSTRUCTION & APARTMENTS

Odessa

* Q4 building permit data is not currently available.

565NEW HOMES SOLD IN 2018

567NEW BUILDING PERMITS ISSUED

IN 2018

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

HOMEOWNERS SPEND AN AVERAGE OF

21.2%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

26.3%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus

2.6%

17.1% 18.2% 19.2%

11.2% 9.2%12.5%

7.2% 2.7%

HOMEOWNERSHIP RATE

Andrews County Ward County Midland County Ector County Odessa MSA Texas

73.6% 70.0% 66.8% 66.0% 66.0% 62.0%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

San Angelo Metropolitan Statistical Area

San Angelo MSAby the numbers

$172,500UP 4.6% from 2017

418DOWN 16.7% from 2017

699 days less than 2017

1,582UP 8.4% from 2017

2.9Compared to 3.8 in 2017

$103.06UP 6.4% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$49,838 SAN ANGELO

San Angelo MSA $0 - $99,999 15.6%

$100,000 - $199,999 46.8%$200,000 - $299,999 25.4%$300,000 - $399,999 7.2%$400,000 - $499,999 3.1%$500,000 - $749,999 1.6%$750,000 - $999,999 0.2%

$1,000,000+ 0.1%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

Tom Green County $0 - $99,999 15.7%

$100,000 - $199,999 47.0%$200,000 - $299,999 25.4%$300,000 - $399,999 7.1%$400,000 - $499,999 3.1%$500,000 - $749,999 1.5%$750,000 - $999,999 0.2%

$1,000,000+ 0.1%

Runnels County $0 - $99,999 42.7%

$100,000 - $199,999 38.2%$200,000 - $299,999 11.8%$300,000 - $399,999 4.4%$400,000 - $499,999 2.9%$500,000 - $749,999 0.0%$750,000 - $999,999 0.0%

$1,000,000+ 0.0%

The availability of homes priced under $200,000 hasdecreased 7.3% since 2015

Coke County $0 - $99,999 66.7%

$100,000 - $199,999 24.2%$200,000 - $299,999 0.0%$300,000 - $399,999 0.0%$400,000 - $499,999 6.1%$500,000 - $749,999 0.0%$750,000 - $999,999 3.0%

$1,000,000+ 0.0%

Irion County $0 - $99,999 6.7%

$100,000 - $199,999 33.3%$200,000 - $299,999 26.7%$300,000 - $399,999 20.0%$400,000 - $499,999 0.0%$500,000 - $749,999 13.3%$750,000 - $999,999 0.0%

$1,000,000+ 0.0%

NEW HOME CONSTRUCTION & APARTMENTS

San Angelo

* Q4 building permit data is not currently available.

126NEW HOMES SOLD IN 2018

200NEW BUILDING PERMITS ISSUED

IN 2018

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

HOMEOWNERS SPEND AN AVERAGE OF

20.8%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

29.2%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus

1.5%12.9% 13.5%

19.4%

11.8% 11%16.7%

9.9% 3.3%

HOMEOWNERSHIP RATE

Irion County Runnels County Coke County San Angelo MSA Tom GreenCounty

Texas

79.3% 71.8% 71.2%63.3% 63.1% 62.0%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

San Antonio-New Braunfels Metropolitan Statistical Area

San Antonio-New Braunfels MSAby the numbers

$222,000UP 5.2% from 2017

9,187UP 2.4% from 2017

571 day more than 2017

33,423UP 2.9% from 2017

3.2Compared to 2.9 in 2017

$114.26UP 5.5% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$56,495 SAN ANTONIO-NEW BRAUNFELS

San Antonio-New Braunfels MSA $0 - $99,999 5.5%

$100,000 - $199,999 34.5%$200,000 - $299,999 34.3%$300,000 - $399,999 14.3%$400,000 - $499,999 6.1%$500,000 - $749,999 3.9%$750,000 - $999,999 0.8%

$1,000,000+ 0.6%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

Bexar County $0 - $99,999 6.0%

$100,000 - $199,999 39.5%$200,000 - $299,999 32.2%$300,000 - $399,999 12.8%$400,000 - $499,999 5.1%$500,000 - $749,999 3.1%$750,000 - $999,999 0.7%

$1,000,000+ 0.6%

Comal County $0 - $99,999 2.3%

$100,000 - $199,999 14.9%$200,000 - $299,999 36.7%$300,000 - $399,999 19.7%$400,000 - $499,999 13.9%$500,000 - $749,999 11.0%$750,000 - $999,999 1.1%

$1,000,000+ 0.5%

The availability of homes priced under $200,000 hasdecreased 13.3% since 2015

Guadalupe County $0 - $99,999 2.9%

$100,000 - $199,999 25.6%$200,000 - $299,999 52.4%$300,000 - $399,999 14.8%$400,000 - $499,999 2.6%$500,000 - $749,999 0.9%$750,000 - $999,999 0.4%

$1,000,000+ 0.3%

Kendall County $0 - $99,999 0.3%

$100,000 - $199,999 7.8%$200,000 - $299,999 24.9%$300,000 - $399,999 27.6%$400,000 - $499,999 12.5%$500,000 - $749,999 14.3%$750,000 - $999,999 6.7%

$1,000,000+ 5.9%

NEW HOME CONSTRUCTION & APARTMENTS

San Antonio-New Braunfels

* Q4 building permit data is not currently available.

10,778NEW HOMES SOLD IN 2018

6,435NEW BUILDING PERMITS ISSUED

IN 2018

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

HOMEOWNERS SPEND AN AVERAGE OF

21.1%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

30.4%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus0.6%

10%

17.4%21.9%

11.4% 10.7%16.6%

8.6% 2.9%

HOMEOWNERSHIP RATE

GuadalupeCounty

Comal County Kendall County San Antonio

New BraunfelsMSA

Texas Bexar County

75.4% 75.4% 72.9%62.6% 62.0% 58.7%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

Sherman-Denison Metropolitan Statistical Area

Sherman-Denison MSAby the numbers

$175,250UP 9.4% from 2017

575UP 0.4% from 2017

561 day more than 2017

1,961DOWN 2.4% from 2017

3.6Compared to 3.0 in 2017

$104.85UP 10.9% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$52,683 SHERMAN-DENISON

Sherman-Denison MSA $0 - $99,999 18.0%

$100,000 - $199,999 39.9%$200,000 - $299,999 24.7%$300,000 - $399,999 9.8%$400,000 - $499,999 4.2%$500,000 - $749,999 2.6%$750,000 - $999,999 0.4%

$1,000,000+ 0.5%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

Grayson County $0 - $99,999 18.0%

$100,000 - $199,999 39.9%$200,000 - $299,999 24.7%$300,000 - $399,999 9.8%$400,000 - $499,999 4.2%$500,000 - $749,999 2.6%$750,000 - $999,999 0.4%

$1,000,000+ 0.5%

Cooke County $0 - $99,999 11.0%

$100,000 - $199,999 32.8%$200,000 - $299,999 24.9%$300,000 - $399,999 13.6%$400,000 - $499,999 6.0%$500,000 - $749,999 9.8%$750,000 - $999,999 0.7%

$1,000,000+ 1.2%

The availability of homes priced under $200,000 hasdecreased 17.0% since 2015

Fannin County $0 - $99,999 24.6%

$100,000 - $199,999 41.2%$200,000 - $299,999 16.4%$300,000 - $399,999 13.0%$400,000 - $499,999 2.8%$500,000 - $749,999 2.1%$750,000 - $999,999 0.0%

$1,000,000+ 0.0%

Texas $0 - $99,999 7.7%

$100,000 - $199,999 30.2%$200,000 - $299,999 30.8%$300,000 - $399,999 15.5%$400,000 - $499,999 7.2%$500,000 - $749,999 5.7%$750,000 - $999,999 1.5%

$1,000,000+ 1.5%

NEW HOME CONSTRUCTION & APARTMENTS

Sherman-Denison

* Q4 building permit data is not currently available.

355NEW HOMES SOLD IN 2018

APARTMENT RENT & VACANCY RATES

HOMEOWNERS SPEND AN AVERAGE OF

19.3%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

27.5%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus

1.2% 8.6%13.7%

19.6%

12.4% 10.8%

19.6%

11.4%2.7%

HOMEOWNERSHIP RATE

Fannin County Cooke County Grayson County ShermanDenison MSA

Texas

74.6% 68.9% 67.0% 67.0% 62.0%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

Texarkana Metropolitan Statistical Area

Texarkana MSAby the numbers

$135,000DOWN 2.7% from 2017

1,011UP 26.4% from 2017

828 days less than 2017

759UP 5.9% from 2017

17.9Compared to 14.8 in 2017

$ 74.67DOWN 1% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$46,283 TEXARKANA

Texarkana MSA $0 - $99,999 34.8%

$100,000 - $199,999 40.9%$200,000 - $299,999 18.2%$300,000 - $399,999 4.0%$400,000 - $499,999 1.3%$500,000 - $749,999 0.8%$750,000 - $999,999 0.1%

$1,000,000+ 0.0%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

Bowie County $0 - $99,999 34.8%

$100,000 - $199,999 40.9%$200,000 - $299,999 18.2%$300,000 - $399,999 4.0%$400,000 - $499,999 1.3%$500,000 - $749,999 0.8%$750,000 - $999,999 0.1%

$1,000,000+ 0.0%

Titus County $0 - $99,999 18.6%

$100,000 - $199,999 42.5%$200,000 - $299,999 19.3%$300,000 - $399,999 8.2%$400,000 - $499,999 4.3%$500,000 - $749,999 3.9%$750,000 - $999,999 2.5%

$1,000,000+ 0.7%

The availability of homes priced under $200,000 hasdecreased 5.4% since 2015

Cass County $0 - $99,999 51.6%

$100,000 - $199,999 32.6%$200,000 - $299,999 11.4%$300,000 - $399,999 1.1%$400,000 - $499,999 1.6%$500,000 - $749,999 1.1%$750,000 - $999,999 0.0%

$1,000,000+ 0.5%

Morris County $0 - $99,999 57.3%

$100,000 - $199,999 36.4%$200,000 - $299,999 4.6%$300,000 - $399,999 1.8%$400,000 - $499,999 0.0%$500,000 - $749,999 0.0%$750,000 - $999,999 0.0%

$1,000,000+ 0.0%

NEW HOME CONSTRUCTION

Texarkana

* Q4 building permit data is not currently available.

28NEW BUILDING PERMITS ISSUED

IN 2018

* Includes single family and 2-4 units.

HOMEOWNERS SPEND AN AVERAGE OF

17.3%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

26.7%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus0.4%

8.8%

14.9%18.1%

11.9% 10.9%

19.4%

11.5% 4.1%

HOMEOWNERSHIP RATE

Cass County Morris County Titus County Bowie County Texarkana MSA Texas

77.9% 74.3% 67.1% 65.1% 65.1% 62.0%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

Tyler Metropolitan Statistical Area

Tyler MSAby the numbers

$199,000UP 6.1% from 2017

1,046DOWN 7.4% from 2017

884 days less than 2017

2,855DOWN 2.6% from 2017

3.8Compared to 4.0 in 2017

$105.06UP 5.3% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$50,742 TYLER

Tyler MSA $0 - $99,999 8.9%

$100,000 - $199,999 41.7%$200,000 - $299,999 27.7%$300,000 - $399,999 12.4%$400,000 - $499,999 4.7%$500,000 - $749,999 3.8%$750,000 - $999,999 0.4%

$1,000,000+ 0.4%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

Smith County $0 - $99,999 8.9%

$100,000 - $199,999 41.7%$200,000 - $299,999 27.7%$300,000 - $399,999 12.4%$400,000 - $499,999 4.7%$500,000 - $749,999 3.8%$750,000 - $999,999 0.4%

$1,000,000+ 0.4%

Wood County $0 - $99,999 30.6%

$100,000 - $199,999 39.8%$200,000 - $299,999 16.8%$300,000 - $399,999 6.6%$400,000 - $499,999 2.3%$500,000 - $749,999 1.9%$750,000 - $999,999 1.3%

$1,000,000+ 0.7%

The availability of homes priced under $200,000 hasdecreased 14.1% since 2015

Cherokee County $0 - $99,999 26.7%

$100,000 - $199,999 38.7%$200,000 - $299,999 16.1%$300,000 - $399,999 11.2%$400,000 - $499,999 5.2%$500,000 - $749,999 1.4%$750,000 - $999,999 0.8%

$1,000,000+ 0.0%

Texas $0 - $99,999 7.7%

$100,000 - $199,999 30.2%$200,000 - $299,999 30.8%$300,000 - $399,999 15.5%$400,000 - $499,999 7.2%$500,000 - $749,999 5.7%$750,000 - $999,999 1.5%

$1,000,000+ 1.5%

NEW HOME CONSTRUCTION & APARTMENTS

Tyler

* Q4 building permit data is not currently available.

258NEW HOMES SOLD IN 2018

352NEW BUILDING PERMITS ISSUED

IN 2018

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

HOMEOWNERS SPEND AN AVERAGE OF

19.7%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

28.8%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus

0.9% 9.1%15%

18.8%

10.8% 11.3%

18.9%

11.4% 3.7%

HOMEOWNERSHIP RATE

Wood County Cherokee County Smith County Tyler MSA Texas

80.4% 73.7%65.9% 65.9% 62.0%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

Victoria Metropolitan Statistical Area

Victoria MSAby the numbers

$172,250UP 4.4% from 2017

266DOWN 26.1% from 2017

798 days less than 2017

884UP 8.3% from 2017

3.4Compared to 3.8 in 2017

$104.09UP 7.5% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$55,837 VICTORIA

Victoria MSA $0 - $99,999 15.6%

$100,000 - $199,999 49.8%$200,000 - $299,999 22.5%$300,000 - $399,999 7.5%$400,000 - $499,999 3.2%$500,000 - $749,999 1.1%$750,000 - $999,999 0.2%

$1,000,000+ 0.1%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

Victoria County $0 - $99,999 15.6%

$100,000 - $199,999 50.4%$200,000 - $299,999 22.8%$300,000 - $399,999 7.3%$400,000 - $499,999 2.5%$500,000 - $749,999 1.1%$750,000 - $999,999 0.1%

$1,000,000+ 0.1%

Calhoun County $0 - $99,999 26.1%

$100,000 - $199,999 38.9%$200,000 - $299,999 21.1%$300,000 - $399,999 9.4%$400,000 - $499,999 2.2%$500,000 - $749,999 1.7%$750,000 - $999,999 0.6%

$1,000,000+ 0.0%

The availability of homes priced under $200,000 hasincreased 4.2% since 2015

Lavaca County $0 - $99,999 22.5%

$100,000 - $199,999 46.5%$200,000 - $299,999 13.4%$300,000 - $399,999 8.5%$400,000 - $499,999 2.1%$500,000 - $749,999 2.8%$750,000 - $999,999 0.7%

$1,000,000+ 3.5%

Goliad County $0 - $99,999 15.4%

$100,000 - $199,999 40.4%$200,000 - $299,999 17.3%$300,000 - $399,999 9.6%$400,000 - $499,999 13.5%$500,000 - $749,999 1.9%$750,000 - $999,999 1.9%

$1,000,000+ 0.0%

NEW HOME CONSTRUCTION & APARTMENTS

Victoria

* Q4 building permit data is not currently available.

59NEW HOMES SOLD IN 2018

APARTMENT RENT & VACANCY RATES

HOMEOWNERS SPEND AN AVERAGE OF

19.2%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

27.0%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus0.8%

10.7%13.4%

18.4%

12.1% 11.6%

18.9%

10.2% 4%

HOMEOWNERSHIP RATE

Goliad County Lavaca County Calhoun County Victoria MSA Victoria County Texas

81.9% 75.5% 70.6% 66.8% 65.6% 62.0%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

Waco Metropolitan Statistical Area

Waco MSAby the numbers

$179,000UP 6.6% from 2017

693UP 20.1% from 2017

5910 days less than 2017

2,920UP 6.6% from 2017

2.9Compared to 2.8 in 2017

$102.36UP 8.4% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$45,721 WACO

Waco MSA $0 - $99,999 18.8%

$100,000 - $199,999 41.0%$200,000 - $299,999 24.3%$300,000 - $399,999 9.3%$400,000 - $499,999 3.5%$500,000 - $749,999 2.3%$750,000 - $999,999 0.5%

$1,000,000+ 0.3%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

McLennan County $0 - $99,999 17.9%

$100,000 - $199,999 41.4%$200,000 - $299,999 24.8%$300,000 - $399,999 9.3%$400,000 - $499,999 3.7%$500,000 - $749,999 2.3%$750,000 - $999,999 0.4%

$1,000,000+ 0.3%

Limestone County $0 - $99,999 34.5%

$100,000 - $199,999 33.8%$200,000 - $299,999 17.6%$300,000 - $399,999 8.8%$400,000 - $499,999 3.4%$500,000 - $749,999 0.7%$750,000 - $999,999 0.0%

$1,000,000+ 1.4%

The availability of homes priced under $200,000 hasdecreased 16.1% since 2015

Texas $0 - $99,999 7.7%

$100,000 - $199,999 30.2%$200,000 - $299,999 30.8%$300,000 - $399,999 15.5%$400,000 - $499,999 7.2%$500,000 - $749,999 5.7%$750,000 - $999,999 1.5%

$1,000,000+ 1.5%

NEW HOME CONSTRUCTION & APARTMENTS

Waco

* Q4 building permit data is not currently available.

451NEW HOMES SOLD IN 2018

476NEW BUILDING PERMITS ISSUED

IN 2018

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

HOMEOWNERS SPEND AN AVERAGE OF

20.2%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

31.9%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus

1.1%9.9%

15.8%18.7%

11.4% 10.7%

18.1%

10.1% 4.2%

HOMEOWNERSHIP RATE

Limestone County Texas Waco MSA McLennan County

75.4%62.0% 58.8% 58.0%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.

Wichita Falls Metropolitan Statistical Area

Wichita Falls MSAby the numbers

$120,000UP 4.4% from 2017

482DOWN 13.2% from 2017

5114 days less than 2017

1,810UP 3.1% from 2017

3.2Compared to 3.2 in 2017

$ 75.51UP 7.1% from 2017

4-YEAR COMPARISONHOME SALES VOLUME VS. MEDIAN PRICE

MONTHLY AVERAGE MORTGAGE INTEREST RATES

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). ©2018, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2018 BY PRICE CLASS

$46,558 WICHITA FALLS

Wichita Falls MSA $0 - $99,999 38.7%

$100,000 - $199,999 41.1%$200,000 - $299,999 14.8%$300,000 - $399,999 3.7%$400,000 - $499,999 1.1%$500,000 - $749,999 0.5%$750,000 - $999,999 0.1%

$1,000,000+ 0.0%

The Real Estate Center at Texas A&MUniversity cites $150,000-$200,000 as atypical budget threshold for entry-leveland first-time homebuyers.

Wichita County $0 - $99,999 38.5%

$100,000 - $199,999 41.8%$200,000 - $299,999 14.9%$300,000 - $399,999 3.5%$400,000 - $499,999 0.9%$500,000 - $749,999 0.4%$750,000 - $999,999 0.1%

$1,000,000+ 0.0%

Young County $0 - $99,999 39.0%

$100,000 - $199,999 39.6%$200,000 - $299,999 14.3%$300,000 - $399,999 3.9%$400,000 - $499,999 0.7%$500,000 - $749,999 2.0%$750,000 - $999,999 0.7%

$1,000,000+ 0.0%

The availability of homes priced under $200,000 hasdecreased 6.0% since 2015

Clay County $0 - $99,999 49.4%

$100,000 - $199,999 34.4%$200,000 - $299,999 9.7%$300,000 - $399,999 1.1%$400,000 - $499,999 3.2%$500,000 - $749,999 1.1%$750,000 - $999,999 1.1%

$1,000,000+ 0.0%

Archer County $0 - $99,999 30.4%

$100,000 - $199,999 31.9%$200,000 - $299,999 20.3%$300,000 - $399,999 11.6%$400,000 - $499,999 4.4%$500,000 - $749,999 1.5%$750,000 - $999,999 0.0%

$1,000,000+ 0.0%

NEW HOME CONSTRUCTION & APARTMENTS

Wichita Falls

* Q4 building permit data is not currently available.

67NEW HOMES SOLD IN 2018

7NEW BUILDING PERMITS ISSUED

IN 2018

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

HOMEOWNERS SPEND AN AVERAGE OF

20.7%OF THEIR INCOME ON HOUSING COSTS

RENTERS SPEND AN AVERAGE OF

32.4%OF THEIR INCOME ON RENT

15-24 25-34 35-44 45-54 55-59 60-64 65-74 75-84 85 Plus

0.9%11.5% 13.9%

18.6%

12.1% 11.4%16.9%

11% 3.8%

HOMEOWNERSHIP RATE

Clay County Archer County Young County Wichita FallsMSA

Texas Wichita County

85.4% 82.1% 78.3%64.3% 62.0% 61.3%

Housing demographics sourced from U.S. Census Bureau 2017 American Community Survey 1-year and 5-year estimates.