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. 

The median sales price of homes in Houston rose to $321,623 in the first quarter of 2022, a 16.7% spike from the same quarter last year.

Property taxes across the U.S rose last year, but the hike was much lower than in 2020, according to a new report.  ATTOM found in its 2021 property tax analysis of almost 87 million single-family homes, $328 billion in

The report uses 13 data sources and reader feedback to measure states on cost of living, quality of life, health care and other categories.

Rising interest rates and home prices have taken a toll on would-be homebuyers’ purchasing power, leading to increased inventory and another monthly slowdown in sales. 

Single-family home starts declined compared to February, while new apartment construction was up, according to government statistics.

Builder sentiment has taken a hit from an unexpectedly sharp increase in mortgage rates and continued disruptions in the supply chain, according to the National Association of Home Builders’ monthly survey. 

If you’re planning to sell your home this spring, get moving. A new report from Zillow says listing it on a Thursday in late April will reap you the greatest reward.