Inventory of Homes for Sale Blows Out in Texas, Price Cuts Spike

Inventory of Homes for Sale Blows Out in Texas, Price Cuts Spike

The situation in Texas and its four big metros, Houston, Dallas-Fort Worth, Austin, and San Antonio.

Housing inventory actually fell last week. What is going on?

Housing inventory decreased last week, while purchase application data grew 25% year-over-year! What is happening in the housing market?  In the two weeks leading up to the July 4th holiday week, our weekly Housing Market Tracker showed that housing data was stabilizing as mortgage rates approached their lowest levels of the year. However, with July 4th falling on a Friday, I noted that the following two weeks would likely disrupt our weekly dat…

Houston's $10 Million Wonder Mansion Finally Sells, While Two Other Dream Houses Last Just Five Days On the Market

Houston's high-end real estate scene is forever interesting and this summer's been no exception. One incredible mansion that had been on the market for a year is finally selling at a significantly reduced list price of $10 million while two other Houston mansions lasted only five days before being swept up.