Current Market Data
The release of the monthly survey from the National Association of Home Builders comes as the Biden Administration unveiled a housing-supply action plan that aims to boost the supply of affordable apartments and new homes.
Despite the drop in demand, homes are selling faster than ever.
A new report by the Tax Foundation ranks Texas No. 14 in the country when it comes to business tax climate.
Despite Houston real estate’s robust performance last month, sales volume in April failed to keep up with the previous year’s historic pace.
Despite a slow start to the spring homebuying season, prospective buyers are showing some resiliency in the face of higher mortgage rates, as seen by two weeks in a row of increasing loan applications.
Homes are selling at record-breaking speed.
Seventy percent of the 185 metros surveyed by the National Association of REALTORS® saw double-digit price gains in the first quarter, compared to 66% in the preceding period.
While competition fell nationally, Houston’s actually rose.
Overall mortgage-application volume was at its lowest level since 2018, the Mortgage Bankers Association said.
Low inventory and rising interest rates have reduced prospective homebuyer purchasing power.