Trends
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Renters looking for affordably priced apartments in thriving communities have a lot of options in Texas.
At the same time, the median existing-home price for all housing types slid 3.1% year over year to $396,100.
Motivations for homeownership are varied across generations: Gen Z and Boomers made the decision for better living conditions, while Gen X and Millennials were in search of stability they couldn’t get while renting.
“Paint is a relatively affordable and easy change, yet it has an outsized impact on a buyer’s perception of the home,” said Amanda Pendleton, home trends expert at Zillow.
Many Houston homes with multi-million dollar pricetags were sold during May.
The larger-than-expected increase comes as homebuilder sentiment rose for the sixth month in a row.
The year 2021 set a record-high for California to Texas moves, with approximately 110,900 people relocating from The Golden State.
You don’t have to move to Manhattan to live in a walkable city — many neighborhoods right here in Houston are extremely pedestrian friendly.
Houston is one of the metros with the most build-to-rent homes on the market, ranking third nationwide for the highest number of build-to-rent single family rentals currently under construction and fourth for the amount completed within the past five years.
The Dallas-Fort Worth suburb of Southlake ranked at No. 1 on StorageCafe’s list, scoring particularly well in local business environment.
A second consecutive month of increases in the S&P CoreLogic Case-Shiller U.S. National Home Price Index could indicate a reversal of the negative trend that began last year.
Lots of luxury homes have sold in the Lone Star State in the past month — the most expensive being a 16-bedroom mansion in the Crespi Estates subdivision in Dallas.
Despite solid demand, a dearth of homes for sale kept transaction numbers muted in the association’s most recent report on pending sales.
A shortage of existing inventory continues to drive buyers to new construction.
First-time homebuyers made up less than a quarter of all buyers during the time period from July 2021 to June 2022. That’s down from 32% a year ago 39% a decade ago.
Multiple-offer situations have returned with the spring buying season while distressed and forced sales are “virtually nonexistent,” the National Association of REALTORS® said.