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In Houston, the Astrodome area is the most expensive: residents pay 46.88% of their yearly home payments in extra property fees.
At the same time, the median price of a new home sold in April declined as well.
New-home construction jumped 5.7% month over month after a soft March, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
According to a new report from RentCafe, hotels have overtaken offices as the most likely spaces to be converted into new apartments.
Only 40% of households in the Houston area could afford a median-priced home in the first quarter.
The priciest home sold in greater Houston last month is a 7,258-square-foot new build in the Southside area.
So far this year, Texas’s in-to-out move ratio is up 17% year over year, meaning far more new residents are moving in than moving out of the Lone Star State.
The area of Porter/New Caney West, located about 30 miles northeast of downtown Houston, saw the largest year-over-year increase in home sales in the first quarter.
A majority of the most expensive new listings in Texas are located in the Dallas area.
A $20 million estate spanning over 17,000 square feet in the River Oaks area was the most expensive home sold in greater Houston last month.
Over 70% of Texas homebuyers who used a real estate agent last year said they’d do so again in the future.
A lakefront Austin property with a luxurious lap pool tops the most expensive new listings in Texas.
In 2020, median renovation spending was $15,000. That amount increased by 60% in three years, with the median home renovation costing $24,000 in 2023.
Furniture retailer Joybird surveyed over 2,500 Americans and asked them to describe their dream living room.
Prospective sellers should prepare to jump on the market — the week of April 14 through 20 will be the best time to sell this year.
Sales rose 9.5% from January to a seasonally adjusted annual rate of 4.38 million.