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.

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

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

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

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

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.   

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

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

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.

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

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.    

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

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

The month-over-month decline in sales came as prices rose for the 129th consecutive month, the National Association of REALTORS® said.