Trends

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Migration into Texas has cooled from the pandemic relocation boom, but it’s still one of the most popular states to move

NAR used change-of-address data from the U.S. Postal Service and net migration data from the U.S. Census Bureau to determine which states had the highest rates of influx and outflow in domestic migration.

Decreasing mortgage rates mean buyers and sellers are returning to the market

Homebuyers can now afford $400,000 homes with $2,500 monthly budgets for the first time in four months, according to a new report from Redfin.

HAR: New, pending and closed listings slide

Despite incremental increases in new listings throughout January, new listings fell 10.7% below 2022 levels in the fourth week of January.

The 10 most-expensive active listings in Texas

The most expensive listing of the month was listed by Frada Sandler of Dave Perry Miller Real Estate.

New-home sales rise in December 

The median sales price of a new home was down on a monthly basis but up on an annual one. 

HAR: Off-market listings high in the third week of 2023

Off-market listings are up 77.2% over January 2022 levels.

NAR: Existing-home sales dip 1.5% in December 

House prices, however, continued to rise, marking the 130th consecutive month for price gains, the longest streak on record, the National Association of REALTORS® said.   

Million-dollar home sales increase in Texas

A new report from Texas REALTORS® shows that million-dollar home sales increased in Texas from 2021 to 2022.

Single-family starts, builder confidence rise 

The increase in builder confidence breaks a string of 12 straight monthly declines in the NAHB/Wells Fargo Housing Market Index. 

HAR’s year-end review of home sales in 2022

Single-family home sales amounted to 95,113 in 2022, which is nearly an 11% decrease from the amount sold throughout 2021. That marks the first year of declining sales since 2015.

Houston one of the most expensive cities for singles to live

Rental website RentHop has updated its list of the least affordable cities for singles — and the Bayou City has risen in the ranks.

CoreLogic: Annual home-price growth rate slows to 2-year low 

Geographically, the largest home-price increases took place in the Southeast, led by Florida (18%), South Carolina (13.9%) and Georgia (13.6%), CoreLogic reported, citing its November Home Price Insights report.    

NAR: Pending-home sales slide for sixth month in a row in November 

Regionally, the pending-sales index fell 7.9% month over month in the Northeast, 6.6% in the Midwest, 2.3% in the South and 0.9% in the West. 

Houston among best cities in the country for financial health

Houston ranked seventh overall, with TheCreditReview citing “overall residential financial health” across the Bayou City.

New-home sales rise again in November 

At the same time, the median sales price of a new house slid to $471,200 from $484,700 in October and $430,300 a year earlier, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported. 

The 10 most-expensive listings in Texas

The Houston Association of REALTORS® put out a report detailing the 10 most-expensive home listings across Texas this month.

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