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%.

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

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

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®.

Looking ahead, CoreLogic expects national year-over-year appreciation to slow to 3.9% by September 2023. 

September is the fourth month in a row to see declining sales activity. 

A 30-year fixed-rate mortgage rose to 7.08% this week from 6.94% a week ago, Freddie Mac reported. A year ago, the average mortgage carried a 3.14% rate. 

Mortgage rates continued to weigh on homebuyers in September, following a brief uptick in new-home sales in August.  

At the same time, mortgage applications declined 1.7% on a seasonally adjusted basis on a week-over-week basis, according to the Mortgage Bankers Association. 

Texas is the third-most popular destination for international buyers looking to purchase a home in the United States.

Despite the slowdown, however, U.S. housing prices remain significantly higher than they were a year ago. 

With 4,746 units built in the first six months of 2022, Houston leads the country in new apartment construction, according to a new report from RentCafe.

Month over month in September, existing-home sales slid 1.5% to 4.71 million, which is 23.8% lower than the year before. 

New home construction missed analyst estimates in September, falling 8.1% month over month to an annual rate 1,439,000 homes, according to government statistics. 

With the work from home era in full swing, many Americans are taking advantage of their unconventional work routines to try out the nomadic lifestyle. While working remotely, these people travel from city to city rather than set down roots in one place.