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. 

Megatel Homes has broken ground on Saint Tropez, a 4,500-lot residential lagoon community spanning over 1,000 acres in Houston.

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

New-home completions rose during the month, however, with the increased inventory representing a rare bright spot in an otherwise gloomy government report. 

The Federal Reserve raised interest rates by .75% today: the sharpest increase since 1994. How will that affect real estate?

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

Two major real estate firms are cutting their workforces amid a cooling housing market. Compass and Redfin are laying off 10% and 8% of their current staffs, respectively.

Lumber prices, once emblematic of widespread supply-chain woes, are finally beginning to fall. How will this affect the housing market?

Last month, the median price for a one-bedroom rental in Texas was $1,114. According to a Zumper report, the average monthly cost of a one-bedroom rental in Sugar Land was $1,250.