Houston’s housing supply challenges were no match for new-home sales last month, according to the latest monthly report from HomesUSA.

The inventory of unsold homes increased in April, while the median existing-home sales price rose, according to the National Association of REALTORS®.

“Builders are responding to higher mortgage rates and are chasing rising rents, with fewer homebuyers and more renters being forced to renew their leases.” — NAR Chief Economist Lawrence Yun 

Ten equity-rich metropolitan areas saw gains of at least 25% in just one year. All but Arizona were in southern states, including Texas, Florida and North Carolina.

The release of the monthly survey from the National Association of Home Builders comes as the Biden Administration unveiled a housing-supply action plan that aims to boost the supply of affordable apartments and new homes. 

A 12,522-square-foot home in Houston’s Sherwood Forest ranked fifth on the list of the 10 priciest homes listed for sale in Texas during the last 30 days.

The rate of Hispanic homeownership is steadily increasing, new data from The National Association of Hispanic Real Estate Professionals shows. With 8.8 million Hispanic-owned households, more than 48% of Latinos now own homes, reflecting a continual rise since 2014.

A new report by the Tax Foundation ranks Texas No. 14 in the country when it comes to business tax climate.

Zillow 3D Home tours, which offer interactive, 360-degree views of listings, will now appear on Redfin automatically — with no additional steps required from agents.

Realogy Holdings Corp. is officially rebranding as Anywhere Real Estate Inc. According to a press release, the company expects to implement the rebrand by end of second quarter 2022.