Renovating a fixer-upper is one way to add significant value to a residential property — but just how much value can homeowners add in the Lone Star State?

Texas ranks as one of the U.S. states with the lowest overall energy costs, meaning major savings for Texans.

Closings increased by 10.4% year over year, with 2,714 homes sold compared to 2,458 during the same week in 2023.

Active listings increased by 36.7% in June, according to the FRESH Report from the Houston Association of REALTORS®.

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All properties were listed during the month of June.

Realtors entered 3,852 properties into the MLS during the week ended June 24, an 18.5% increase year over year.

Despite this increase, HomesUSA CEO Ben Caballero still voiced concerns about the outlook for the Texas new-home market.

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“The Houston rental market shows no signs of slowing down,” said HAR Chair Thomas Mouton.

The record-breaking sales price comes as the pace of transactions slid from April, the National Association of REALTORS® said. 

Pending listings increased by 1.3% year over year, with 2,400 homes going under contract, compared to 2,369 during the same week in 2023.

The average 30-year fixed mortgage rate dipped to 6.87%.

Houston ranked among the top cities in the U.S. for closed home sales in May, according to the RE/MAX National Housing Report.

While affordability worsened for all Houston homebuyers in 2023, the affordability gap widened even more drastically for Black and Hispanic/Latino homebuyers.

Agents were hard at work selling the 10 most expensive homes in greater Houston last month, including a 17,192-square-foot estate originally listed for $14.8 million.