New single-family home construction declined as builders continue to grapple with macroeconomic headwinds. 

Purchase applications slowed to their lowest level since May as economic worries dampened activity, the Mortgage Bankers Association said. 

West University Place and Bellaire ranked among the nation’s top suburbs based on median household income, home values and other economic indicators.

All homes were sold during the month of June. Note that listing prices may differ from actual sales prices.

The Steamboat Group Real Estate analyzed home ages in every state across the country and found that in Texas, 22.5% of all homes were built in the last 15 years.

Boutique brokerages are prominently featured on this month’s ranking of the 10 most expensive new listings in the Lone Star State.

May’s 1.8% monthly gain follows a 6.3% drop in April, the National Association of REALTORS® said. 

The pace of home-price appreciation slowed to its most modest pace since 2023, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. 

The median-sales price for an existing home rose 1.3% year over year to $422,800. 

Nationally, home sales slid 3.5% year over year but rose 8.6% month over month, RE/MAX said. 

Homebuilder sentiment recently reached its third-lowest level since 2012. 

Houston agents responsible for multiple transaction sides in the top 10 include Mike Mahlstedt and Laura Sweeney of Compass.

The Mortgage Bankers Association said the post-Memorial Day increase came despite economic uncertainty and largely static interest rates. 

The Northeast and Midwest remained strong, while Florida, which saw a major runup in prices in recent years, continued to cool. 

That’s good news for buyers, who have considerably more options than their counterparts in tighter markets on the East Coast.

The top four most expensive homes listed in Texas last month are located in the Dallas-Fort Worth Metroplex.