International buyers purchased 107,000 residential properties from April 2020 through March 2021, marking a 31% decline from the 154,000 residences bought the previous year.
Homes priced from $200,000 to $299,999 were the biggest sellers, making up 30.1% of the total market.
“By the time we closed the books on 2020, we had achieved a record year for Houston housing. Halfway through 2021, we are on track to set a new record.” — Richard Miranda, 2021 chairman of the Houston Association of Realtors
The COVID pandemic has caused a shakeup in where, and how, many people work. That has helped propel a thriving housing market.
Existing-home sales slid for the third month in a row in April, declining 2.7% from March to a seasonally adjusted annual rate of 5.85 million, according to the National Association of Realtors.
A recent NAHB survey shows that regulatory costs imposed by the government account for $93,870 (or 23.8%) of the current price of new homes.
Builder confidence was steady in May, carrying over April’s reading of 83 for another month, according to the most recent National Association of Home Builders/Wells Fargo Housing Market Index.
Whether they’re still weary of going to a gym full of people or just looking to work off those extra pandemic pounds in privacy, homebuyers are increasingly prioritizing home exercise rooms.
As Houston’s luxury home market stays red-hot, nine Houston buyer’s agents helped clients purchase the 10 most expensive homes in April priced up to $7,450,000.
“Your buyers and sellers need to know the value of hiring you as their Realtor.” — By Jessica Escamilla, president of the Houston Women’s Council of Realtors