Of survey respondents who made a wedding registry in the past two years, 85% said they would have preferred to receive money they could have used towards a down payment, mortgage payment or other associated homebuying costs.

New listings are down by 4% year over year in Houston, according to the Houston Association of REALTORS® Weekly Activity Snapshot for the week ended July 24.

The industry group issued its housing-market forecast along with its monthly Pending Home Sales Index for June. 

Check out HAR’s list of the top 10 hottest housing markets in the Houston area.

Despite a drop in new-home sales in Houston, HomesUSA CEO Ben Caballero says all signs point toward market stabilization.

The Bayou City ranks No. 2 in the country when it comes to housing development over the past 10 years.

Year over year, housing inventory turned negative for the first time in 13 months in June, the real estate data provider said. 

New listings are down again in Houston, according to the Houston Association of REALTORS® Weekly Activity Snapshot for the week ended July 17.

When it comes to repurposing old buildings into residential communities, Houston is poised to become one of the top cities in the country.

As closings decreased across the Lone Star State, the average home spent 87 days on the market during the second quarter, up 20 days year over year.

The median existing-home price for all housing types in June rose to $410,200, 0.9% less than the all-time high of $413,800 reached in June 2022, the National Association of REALTORS® said. 

Leases of single-family rental homes increased by 16% year over year, with the average lease price inching up 2.9% to $2,344.

Back in 2018, Freddie Mac stated that the country still needed about 2.5 million extra homes in order to meet demand. Then the pandemic homebuying boom depleted already-low inventory levels and high mortgage rates in the second half of 2022 chained many homeowners to their existing low rates.

Low inventory and high demand are buoying builder sentiment in the face of several headwinds. 

The drop in the pace of new-home construction follows a significant surge the month before, according to government statistics. 

For the first time in nearly a year, the average home sold above list price, fueling bidding wars in some markets.