Activity is on the rise in the Texas luxury real estate market as lower-priced housing inventory struggles to keep up with the relentless demand of prospective buyers.

When you consider entertainment, recreation, nightlife, parties and overall costs, it turns out, Texas is a pretty fun state! And that has a positive effect on Houston real estate.

Houston’s new-home sales defied inventory challenges and rose for the fourth straight month in May. New homes sold faster and at a higher average price than the previous month, according to HomesUSA.com.

Houston was fourth on the list with 844 iBuyer home sales in the first quarter, accounting for 3.5% of home sales in the market.

Houston-area buyers who finance a Coventry home through the builder’s preferred lender between June 17-30 can choose from three options to alleviate concerns over rising home prices and interest rates.

Texas registered the third-highest number of foreclosure starts last month, according to a new ATTOM market report.

As part of the agreement, Sekisui House will acquire Chesmar Homes, CLM Mortgage, Inc., Entitled Insurance, Inc. and N Title, Inc.

For every single-family home or apartment permit generated in Houston in the past year, there were 2.2 jobs created.

It is a fun reminder that location is everything, and every state has amazing ultra-luxury properties for the right price.

May home sales maintained a healthy pace despite climbing housing prices and mortgage interest rates. And, due partly to an increase in new listings, housing inventory reached its highest level of the year, HAR reports.

New York City-based Lone Star Capital Group recently purchased Parc at Champion Forest, a workforce housing community in the Champions area of Houston.

Nationally, the index posted its highest annual increase ever.

Most of the single-family homes are in Texas, Georgia, Alabama and Oklahoma. 

Texas is home to more Fortune 500 companies than any other state, according to the 68th edition of Fortune’s annual ranking of America’s largest companies.

An estimated 14-23 million people moved in 2021, and according to a recent survey by truck rental company Penske, most of them headed to the Lone Star State.

Soaring home prices and markedly diminished inventory are suppressing housing affordability for many nationwide who are simultaneously dealing with a third roadblock: sharp mortgage rate growth.