New home sales and prices in Houston have hit a “peak,” according to HomesUSA.com CEO Ben Caballero.

Single-family home rentals have increased 19.2% year over year, according to the Houston Association of REALTORS®’ August 2022 Rental Market Update.

New listings are finally up in August, according to HAR’s Weekly Activity Snapshot.

Among the 20 most populous metropolitan areas in the United States, Houston ranks 2nd when it comes to cities with the lowest cost of living.

The median existing-home price for all housing types in August was $389,500, a 7.7% rise from the year before. 

When it comes to getting the “most bang for the buck,” Houston ranks third in the country, according to a report from the residential real estate platform Home Bay.

The NAR’s Community Aid and Real Estate (CARE) Report shows that REALTOR® associations donated a median of $12,070 this past year, a 20% increase over 2020.

New-home construction posted a 12.2% month-over-month increase in August, thanks in large part to a significant jump in multifamily building.  

Data from the RE/MAX National Housing Report suggests the housing market is on its way to rebalancing.

A continuing combination of increased interest rates, supply-chain disruptions and high home prices has sapped homebuilder sentiment every month this year. 

The housing market is starting to become more balanced.

New listings are still down compared to last year, according to HAR’s weekly activity snapshot.

Southern states are leading the way when it comes to downtown apartment construction. Houston ranks 3rd in the United States for active downtown apartment construction with 15,607 new units built in the last 10 years, according to StorageCafe.

Houston housing inventory has grown to its highest level in two years, according to the Houston Association of REALTORS®’ August 2022 Market Update.

Mortgage applications declined 1.2% during the week ended Sept. 9, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. 

The CPI has risen 8.3% in the past year, while hourly earnings have only risen 5.2%. This means the standard of living in the United States is decreasing.