Homebuyer competition is driving up prices, as inventory constraints continue to plague the real estate market.

You don’t have to move to Manhattan to live in a walkable city — many neighborhoods right here in Houston are extremely pedestrian friendly.

Homes affordable to middle-income buyers — defined as households earning up to $75,000 — fall in the $256,000-to-$320,000 range. But of the over one million U.S. homes on the market at the end of April, less than a quarter of all listings were within that price range.

Houston is one of the metros with the most build-to-rent homes on the market, ranking third nationwide for the highest number of build-to-rent single family rentals currently under construction and fourth for the amount completed within the past five years.

The Dallas-Fort Worth suburb of Southlake ranked at No. 1 on StorageCafe’s list, scoring particularly well in local business environment.

Houston listings grew 37.1% from last year.

There were 19,861 properties in the Multiple Listing Service last month, tracking well ahead of the 13,742 properties seen in May 2022.

New, pending and closed listings are down in Houston — but consumer traffic at showings indicates that there is still significant consumer demand in the Houston market.

A second consecutive month of increases in the S&P CoreLogic Case-Shiller U.S. National Home Price Index could indicate a reversal of the negative trend that began last year. 

The number of Houston sellers making concessions to buyers is up from last year.

Lots of luxury homes have sold in the Lone Star State in the past month — the most expensive being a 16-bedroom mansion in the Crespi Estates subdivision in Dallas.

Despite solid demand, a dearth of homes for sale kept transaction numbers muted in the association’s most recent report on pending sales. 

Traffic at property showings has increased both year over year and from 2019, according to the latest Weekly Activity Snapshot from the Houston Association of REALTORS®.

A shortage of existing inventory continues to drive buyers to new construction. 

First-time homebuyers made up less than a quarter of all buyers during the time period from July 2021 to June 2022. That’s down from 32% a year ago 39% a decade ago.

New home sales increased in April, according to the New Home Sales report from HomesUSA Chief Executive Officer Ben Caballero.