Demand for new homes remains strong throughout Houston, according to HomesUSA’s latest New Residential Sales Report.

The S&P CoreLogic Case-Shiller U.S. National Home Price Index rose 3.8% year over year in January, compared to a 5.6% annual gain in December.

The most expensive new listing in Texas is a record-breaking property.

The supply of new homes for sale ticked lower from February, according to government figures.

The annual rate of 4.58 million sales was up 14.5% from January but down 22.6% from the February 2022 rate of 5.92 million. 

Nationally, the week of April 16-22 is likely to provide sellers with the most favorable conditions for a successful sale of any week of the year, although the exact timing varies widely by market. 

Multifamily construction may have exceeded demand in Houston, according to Colliers’ latest report.

Month-over-month increases in rental costs have slowed across the country, but it’s still more expensive to rent a one- or two-bedroom apartment in Houston than it was last year.

A shortage of existing-home inventory is driving more people to the market for newly built homes. 

New listings are up 6.9% year over year, according to the latest Weekly Activity Snapshot from the Houston Association of REALTORS®.

Increased mortgage rates have sidelined many would-be buyers, allowing inventory levels to increase. As a result, buyers can now “shop around” more than during the peak of the pandemic, putting the burden of concessions back on sellers.

Homebuilders expressed “cautious optimism” that the lack of existing inventory would drive demand for new homes despite high construction costs and interest rates, the National Association of Home Builders reported.    

There are 58 less million-dollar cities in the U.S. than there were in July of last year, according to a new report from Zillow.

The most-expensive sale of the month was listed by Walter Bering of Martha Turner Sotheby’s International Realty.

The Texas housing market may have finally calmed from the pandemic housing frenzy, according to the Texas REALTORS®’ 2022 Texas Real Estate Year in Review report.

The Mortgage Bankers Association noted the increase in borrowing activity came despite the 30-year fixed mortgage rate climbing to its highest level since November 2022.