Houston is among 18 of the 50 largest U.S. cities where it’s better to buy a home than rent one, according to a new analysis. 

Multiple-offer situations have returned with the spring buying season while distressed and forced sales are “virtually nonexistent,” the National Association of REALTORS® said.

New listings continued to trail 2022 volumes in the week ended May 15, according to the Houston Association of REALTORS® Weekly Activity Snapshot.

Single-family permits also posted a gain, indicating even more new homes are headed to today’s supply-constrained housing market. 

Homebuilder optimism was buoyed by continued shortages of new housing inventory, the National Association of Home Builders reported. 

Houston’s April average home value rose from March, while pending sales fell.

Check out the most expensive luxury homes sold last month, as well as the agents who helped their clients sell (or find their dream home).

Homebuyers in their 40s and younger are still planning to buy homes, even though most believe the market favors homesellers.

HAR’s April 2023 Market Update suggests that the housing market demonstrated resilience in the face of volatile interest rates and that Houston is still on the road to “normalcy.”

There was a slight uptick in new listings in Houston during the week ended May 8, according to the Houston Association of REALTORS® Weekly Activity Snapshot.

Interest rates on mortgages of all types declined last week, spurring an uptick in borrowing, the Mortgage Bankers Association reported. 

Active listings have increased in Texas, as have the average number of days each listing spends on the market, according to the 2023-Q1 Quarterly Housing Report from Texas REALTORS®.

A $1,500 monthly rent budget will only get you so far in many of the biggest cities in the country. But how far can that same budget get you in Texas?

According to a report from Builder Online, the answer is yes.

“The average list price for a Houston home remains above 2022 levels and is edging closer to the record-setting price of $441,303 from May of 2022,” HAR’s report said.

Traffic at property showings has increased year over year, according to the Houston Association of REALTORS® Weekly Activity Snapshot for the week ended May 1.