NAR President-elect Kevin Sears will move into the role of president, effective immediately.

The most expensive new listing in the Lone Star State carries a price tag of nearly $50 million.

Falling mortgage rates and more inventory could mean an improvement in housing affordability in the new year.

Shea Homes, the developer, and Millis Construction, the builder, broke ground on The Arbor on Dec. 20.

Agents from COMPASS were responsible for listing and selling many of the most expensive properties in greater Houston last month.

Angel Reach Village will shelter and support people aged 16 to 24 who have aged out of foster care or need housing due to other circumstances.

Texas REALTORS® has announced a new chairman of the board: Jef Conn of Coldwell Banker Commercial in Lubbock.

These are the most expensive new listings in Texas, all added to the MLS in the past month.

Construction is already underway at Bella Heights — located at 829 Yale St., the luxury development will consist of one-, two- and three-bedroom residences as well as four two-level penthouses.

United States Air Force Staff Sergeant Jonathan Olds, as well as his wife and four children, were presented with their new home in the Mavera community in Conroe at a ribbon cutting ceremony.

Houston saw one of the largest increases in new listings in the country last month, according to the RE/MAX National Housing Report.

Last month, homebuyer demand showed its resilience, despite mortgage rates being at a 23-year high and inventory continuing to be limited.

Last month’s most expensive Houston home sales range from a grand estate in the heart of River Oaks to an opulent condominium in The Huntingdon high-rise.

Only 35% of Houston-area households could afford a median-priced home during the third quarter of the year. That’s the lowest housing affordability has been in Houston since 2012.

The agent with the most $1 million-plus listings was Laura Sweeney of COMPASS RE Texas, who accomplished a sales volume of over $71.8 million across 19 transactions.

Agents from Moreland Properties are responsible for the most expensive and second-most expensive new listings in the state of Texas.