Trends

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Half of all buyers are first-timers in 2023

First-timers made up 45% of buyers in 2022 and 37% in 2021.

NAR: Existing-home sales decline as median price remains above $400,000 

High mortgage rates and limited inventory continued to weigh on sales activity, National Association of REALTORS®Chief Economist Lawrence Yun said. 

Texas is home to four of the country’s fastest-warming cities

A new report from moveBuddha shows that the typical buyer isn’t yet factoring in climate-related risks when deciding where to live.

Housing starts rebound in July after June slump 

Single-family home permits and completions, meanwhile, also rose, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

Can these boomtowns accommodate their new residents?

Experts predict that Dallas will be one of the most populated places in America by 2100. But can the metro actually handle all that growth?

The California-to-Texas migration isn’t slowing down

Over 100,000 Californians made the move to Texas in 2021 — that translates to roughly 300 new Texans on a daily basis.

These Texas cities are the best for renter families

The Dallas-area city of Plano ranked at No. 1 on RentCafe’s list — only 8% of children in the metro live under the poverty line, one of the lowest proportions in the nation.

The 10 most expensive new listings in Texas

Two of these expensive properties were listed by Laura Sweeney of Compass RE Texas.

Modern newlyweds wish they’d registered for a down payment

Of survey respondents who made a wedding registry in the past two years, 85% said they would have preferred to receive money they could have used towards a down payment, mortgage payment or other associated homebuying costs.

NAR: Pending-home sales rise for the first time in four months 

The industry group issued its housing-market forecast along with its monthly Pending Home Sales Index for June. 

Only 1% of U.S. houses changed hands this year

Back in 2018, Freddie Mac stated that the country still needed about 2.5 million extra homes in order to meet demand. Then the pandemic homebuying boom depleted already-low inventory levels and high mortgage rates in the second half of 2022 chained many homeowners to their existing low rates.

NAR: Existing-home sales slow as prices near all-time high 

The median existing-home price for all housing types in June rose to $410,200, 0.9% less than the all-time high of $413,800 reached in June 2022, the National Association of REALTORS® said. 

NAHB: Builder confidence hits 13-month high 

Low inventory and high demand are buoying builder sentiment in the face of several headwinds. 

Housing starts post unexpected slide in June 

The drop in the pace of new-home construction follows a significant surge the month before, according to government statistics. 

CoreLogic: Home prices rise again in May, but pace falls to 11-year low 

Despite the declining rate of increase, home prices have risen for the last 136 months, CoreLogic said. 

The 10 most expensive new listings in Texas

These are the most expensive new listings added to Texas Multiple Listing Services in the past 31 days, as well as the listing agents behind the properties.

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