The amount a homebuyer needs to earn to afford a median priced starter home is down 0.4% from last year, marking the first annual decline since August 2020.

The average listing price of a Houston home dipped 0.1% year over year to $431,211. 

Katie Johnson, who serves as NAR’s chief legal officer and chief member experience officer, is stepping down.

The firm, led by Shahar Zarfati and Moral Assaraf, had more than $19 million in sales volume last year. 

The wellness-focused community’s second phase comprises almost 300 lots. 

The latest reading of the National Association of REALTORS® Pending Home Sales Index shows a return to month-over-month growth after a decline in July.    

At the same time, pending listings rose 8% to 2,047 from 1,895, according to the.Houston Association of REALTORS®.

The 716,000 per-year rate of new-home sales topped the consensus estimate of 700,000. 

The firm brings eight principal agents and primarily serves The Woodlands submarket. 

The 67-single-family-home community is located on 10 acres in Montgomery. 

In its monthly report, HomesUSA said home prices were relatively flat during the same period. 

The 2.5% decline followed a 1.3% increase in July, according to the National Association of REALTORS®. 

Realtors added 3,491 properties to the MLS, up from 3,020 properties during the same week in 2023.

The city ranked No. 2 in the U.S. for active inventory, according to the latest RE/MAX National Housing Report.    

Mortgage rates have been dropping in recent weeks in anticipation of the Fed’s move.

The priciest home sold in greater Houston last month was a 9,250-square-foot house in the Willowick Estates subdivision.