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.

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

As closings decreased across the Lone Star State, the average home spent 87 days on the market during the second quarter, up 20 days year over 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.

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. 

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

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

For the first time in nearly a year, the average home sold above list price, fueling bidding wars in some markets.

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

For the first time in almost 12 months, the average U.S. home is selling above its asking price, as the average sale-to-list price ratio hit 100.1% earlier this month

Texas had an average price per square foot of $189. 

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.

Transactions that do go through are typically seeing multiple offers, NAR Chief Economist Lawrence Yun said. 

Data showed that residents in 17 states — mostly on the West Coast — are especially interested in moving to Texas.

A third consecutive month of increases in the S&P CoreLogic Case-Shiller U.S. National Home Price Index lends new evidence to claims that previous declines could be behind the market. 

Demand for newly built homes has remained strong as high interest rates keep many would-be sellers of existing homes off the market.