The modest 1% decline could indicate the current housing cycle is reaching a bottom as mortgage rates recede from their recent high, the National Association of REALTORS® said. 

The median price of a new home sold during the month was up 5.9%, however, according to figures from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

A shortage of buyers and scarce new listings are leading to an uptick in homes sitting on the market longer than a month. While this is good news for buyers, it’s a source of frustration for sellers, Redfin reports.

Gardner Capital recently announced its new Sugar Land senior residence, Gala at Four Corners, has received a funding commitment from the GCRE Impact Fund to install an on-site solar energy system as part of its sustainable energy commitment.

Nationally, the median sales price slid 2.9% from June but rose 8.1% from July 2021, while closed transactions were down 16.6% on a monthly basis and 26.3% on a yearly one, RE/MAX said in its National Housing Report.

A recent decline in mortgage rates could return some purchasing power to buyers going forward, National Association of REALTORS® chief economist Lawrence Yun said. 

Compass revealed big losses — to the tune of $100 million — in its second quarter report. And as a result, the firm will no longer offer equity or cash incentives to new agents.

A new report revealed that new Houston listings continue to trail 2021’s mid-August pace, with 10.7% fewer properties entering the Multiple Listing Service last week than a year ago during the same period.

Off-market real estate app DropOffer is moving into six new markets, including Houston, Atlanta, Phoenix, Dallas, Charlotte and Tampa.

The pace of housing starts for both single-family and multifamily residences was down on a month over month basis, the U.S. Department of Housing and Urban Development reported. 

In Houston, 44.1% of offers faced competition last month

The NAHB/Wells Fargo Housing Market Index fell for the eighth straight month in August, as the key measure of builder confidence indicated a pessimistic outlook. 

Homeowner equity skyrocketed again across the country in the second quarter of 2022 as home values continue to trend upward.

The frenetic pace of home sales that dominated the market throughout most of the pandemic continues to “slow its roll,” according to a new report.

Greater Houston’s luxury real estate market saw high activity levels in July, with Houston’s 10 priciest homes selling for a combined total of $54,388,000.

The brokerage’s new “communities” will provide its agents with specialized training, technology, coaching and referral opportunities.