Ever wanted to cook in Monica’s kitchen? Hang out on the Central Perk couch with a cup of joe? This “Friends” home, furnished with colorful set replicas, has it all.

Despite supply challenges, Texas housing manufacturers are optimistic as the spring selling season approaches, according to the latest survey by the Texas Manufactured Housing Association. 

The 14.9-acre site, located along Fulshear Bend Drive, was purchased with Lamar CISD bond funds, according to a press release. The school is set to open in August 2024.

Houzz, the home remodeling and design platform, has released its annual U.S. State of the Industry report which reveals a four-year high in revenue growth.

Texas is home to one of the highest property tax rates in the country, according to a recent study from WalletHub.

Greater Houston saw the most significant increase in the U.S. for year-over-year home sales in February, according to the latest RE/MAX National Housing Report. Home sales were up nearly 21% from the same month in 2021. 

The median existing-home price for all housing types in February was $357,300, up 15% from a year before, as median prices rose in each region.    

“More groundbreaking is welcome news for a supply-starved housing market.” — First American deputy chief economist Odeta Kushi 

Texas-based developer Legend Communities has officially opened an on-site sales gallery for The Residences at Tiki Island, a waterfront resort near Galveston.  

A penthouse in the acclaimed Astoria high-rise recently sold for $6.9 million, marking the second-priciest penthouse sold in Houston, according to the Houston Association of REALTORS® Multiple Listing Service. 

Realtors entered 2,492 properties into the Multiple Listing Service (MLS) in week 10, a 9.6% drop from the same week in 2021, according to the Houston Association of REALTORS® weekly activity snapshot.

The measurement of six-month sales expectations among homebuilders took an especially negative turn in March, according to the National Association of Home Builders. 

The Federal Reserve announced today that it would increase the federal funds rate by 0.25%, its first increase in more than three years, with more hikes projected for the remainder of the year.

“Investors are weighing the impacts of rapidly increasing inflation in the U.S. and many other parts of the world against the potential for a slowdown in economic growth due to a renewed bout of supply-chain constraints.” — MBA associate vice president of economic and industry forecasting Joel Kan

Houston’s luxury market (homes priced above $1 million) saw higher-than-normal activity in February, with 33.5% more sales than during the same month in 2021. The most-expensive home sold in Houston last month was an 11,108-square-foot single-family home in the River Oaks Tall Timbers subdivision.

The Woodlands has claimed the No. 1 spot on Niche’s 2022 Best Cities to Live In America list. The Houston suburb beat out 227 other cities to secure first place and an overall rating of A+.