A shortage of existing inventory continues to drive buyers to new construction. 

Houston is among 18 of the 50 largest U.S. cities where it’s better to buy a home than rent one, according to a new analysis. 

The sellers are the DeMontrond family of DeMontrond Auto Group, which was first established in Houston in 1953.

Multiple-offer situations have returned with the spring buying season while distressed and forced sales are “virtually nonexistent,” the National Association of REALTORS® said.

The hire follows the December 2022 firing of the homebuilder’s senior vice president for field operations, who had been tapped to become COO on Jan. 1. 

Single-family permits also posted a gain, indicating even more new homes are headed to today’s supply-constrained housing market. 

One organization working to combat LGBTQ+ youth housing insecurity in Houston is the Montrose Grace Place.

Homebuilder optimism was buoyed by continued shortages of new housing inventory, the National Association of Home Builders reported. 

Houston’s April average home value rose from March, while pending sales fell.

Realtors will be required to complete two hours of training every three years beginning in 2025. 

The mortgage industry decried the proposed loan-level pricing adjustment for borrowers with higher debt-to-income ratios. 

“We are thrilled to exclusively market one of the most remarkable beachfront and bayfront properties available on Texas’ Gulf Coast,” said Nan and Company President and CEO, Nancy Almodovar.

Only 40% of greater Houston households could afford to buy homes at the end of last year, according to data from the Houston Association of REALTORS®.

Interest rates on mortgages of all types declined last week, spurring an uptick in borrowing, the Mortgage Bankers Association reported. 

“We’re tremendously proud of our outstanding agents across Texas who put in the time and effort to make Compass the number one brokerage in Texas,” said Rachel Hocevar, president of Compass’ Southwest Region.

Price hikes are slowing down and inventory is up — generally — but less expensive homes are bucking larger market trends. According to Zillow, the price of bottom-tier homes increased 8% year over year, while bottom-tier inventory increased just 1%.