The increase ends a six-month string of monthly declines, the National Association of REALTORS® said.

Houston mortgage payments have grown 46.4%, as housing affordability hits a 15-year low, according to a new report.  Zillow’s latest market report found rising mortgage costs, along with skyrocketing prices and interest rates have made mortgages less affordable than

New-home inventory rose to 444,000 homes in May from 437,000 homes in April, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.  

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.

Meanwhile, existing-home sales slid 3.4% from April to a seasonally adjusted annual rate of 5.41 million, according to the National Association of REALTORS®. 

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.

The number of homes for sale in May rose 16.3% month over month and 2.2% year over year. Months’ supply of inventory rose to 0.9 from 0.8 in April and fell from 1 in May 2021.