The typical increase in home sales as summer approaches failed to materialize nationwide last month, with average sales dropping 0.2% from April to May, but month-over-month sales in Houston bucked the trend, climbing 1.3%, according to the RE/MAX May National Housing Report.

The new development is expected to begin home sales next year and will have about 2,300 homesites.

HAR’s weekly activity snapshot shows that for the second consecutive week, new listings continued to rise, helping alleviate some of the pressure on dwindling inventory.

Single-family housing starts were up 4.2% from April and 49.8% from May 2020, at 1,098,000, according to the U.S. Census Bureau and Department of Housing and Urban Development.

Although pending sales are up 29% from last year, they are starting to slow down, dropping 9.7% from their peak four weeks ago.

Increasing costs and declining availability of key building materials dampened builder sentiment, as higher costs have pushed some new homes beyond the budget of prospective buyers.

The share of homes underwater in the metro Houston area was at 1.6% at the end of the first quarter of 2021, below the national rate of 2.6%, according to CoreLogic.

Experts at Builder Magazine recently came out with their Local Leaders list for 2020, which ranks the country’s 50 largest new-home markets based on closings by the end of the year.

Unassuming on the outside, but a world of wonder inside — a walk through this $325,000 home in downtown St. Louis is an adventure in and of itself.

With high costs slowing construction and potentially lowering homeownership for many, easing zoning rules may be the most effective way to increase the supply of new housing.

Some cities fared better than others with the global pandemic and Houston is one of them, according to The Economist’s 2021 Livability Index’s ranking of the most livable cities in the world.

“We are providing our clients in Texas the chance to own international property that is walking distance from the beach, in a budding city with potential of significant return on investment.” – Derek Boles, broker/owner of Legacy Homes and Properties.

Rising property values had homeowners cashing out of their existing residences to buy bigger homes in less-expensive areas last year.

Houston’s inventory hits record lows and single-family home prices reach record highs as the city experiences its twelfth consecutive month of positive sales in May.

Three top Houston agents shared some tips and tricks with Houston Agent Magazine on how they help their clients win the home of their dreams.

High-end home sales surged in the three months ended April 30 as prices also rose and listings increased.