Despite a small increase in new listings last week, there was a 7.8% year-over-year decrease in new properties entered into the Multiple Listing Service (MLS) for the week ending Nov. 14.

Mid-week price cuts offer the most bargains in today’s market.

The number of homes under construction rose during the month, as homebuilders continued to work through a large backlog of homes. 

The largest single-week decline in conventional mortgage rates since July brought the first increase in home-loan applications since September, the Mortgage Bankers Association said. 

HAR’s Q3 2022 Housing Affordability Index shows that only 41% of Houston households can afford to purchase a median-priced home. A year ago, that statistic was significantly higher at 53%.

It’s not the only metric decelerating in today’s market. Inflation is also starting to slow which is helping bring down mortgage rates.

A new study from Texas Real Estate Source reveals which Texas metro areas have seen the largest increases in property prices since 2012.

New listings for the week ended Nov. 7 increased 3.2% year over year, according to the Houston Association of REALTORS® Weekly Activity Snapshot.

The Houston Association of REALTORS’ October 2022 Market Update shows that skyrocketing mortgage rates have contributed to a market cooldown in the Greater Houston area.

From dropping home prices, increased inventory and homes staying on the market longer, today’s buyers should look at the upside to what the market means for their prospects.

The Texas REALTORS® 2022 Q3 Texas Quarterly Housing Report shows that the state’s housing market has calmed considerably from its most frenzied days.

Homebuyer demand is starting to stabilize as October home sales posted the largest decline since 2015, according to a new report.

While existing home sales are down, housing starts have increased year over year. Houston has also seen a healthy increase in inventory.

First-time homebuyers account for the lowest percentage of buyers ever recorded, according to the National Association of REALTORS®.

New listings were down 6.6% year over year in the week ended Oct. 31, according to Houston Association of REALTORS®’s Weekly Activity Snapshot.

The Houston Association of REALTORS® FRESH Report shows that while new listings are down, active listings nearly double the amount of inventory that was available in October of 2021.