At the same time, the median existing-home price for all housing types slid 3.1% year over year to $396,100. 

New-home sales are up month over month, according to the latest New Home Sales Report from HomesUSA CEO Ben Caballero.

New listings are still down from 2022 levels, according to the latest Weekly Activity Snapshot from the Houston Association of REALTORS.

Motivations for homeownership are varied across generations: Gen Z and Boomers made the decision for better living conditions, while Gen X and Millennials were in search of stability they couldn’t get while renting.

“As inflation cools and housing prices continue to moderate, I believe we will see more renters shifting their focus towards homeownership,” said HAR Chair Cathy Treviño.

“Paint is a relatively affordable and easy change, yet it has an outsized impact on a buyer’s perception of the home,” said Amanda Pendleton, home trends expert at Zillow.

Many Houston homes with multi-million dollar pricetags were sold during May.

The larger-than-expected increase comes as homebuilder sentiment rose for the sixth month in a row. 

There are nearly 40% fewer homes for sale now than before the pandemic began

The year 2021 set a record-high for California to Texas moves, with approximately 110,900 people relocating from The Golden State.

New listings were down again year over year, according to the latest Weekly Activity Snapshot from the Houston Association of REALTORS®.

“Houston housing has been in negative territory for 14 months, however this latest report showed a notable easing in declines and may be a bellwether of improving market conditions ahead,” said Cathy Treviño, HAR’s 2023 chair.

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.