Buyers are finally getting some relief as mortgage rates dip below 7% for the first time in five weeks, according to a Redfin report. 

New-home construction jumped 5.7% month over month after a soft March, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

According to a new report from RentCafe, hotels have overtaken offices as the most likely spaces to be converted into new apartments.

Meanwhile, the median price rose 1.5% year over year to $405,000.

So far this year, Texas’s in-to-out move ratio is up 17% year over year, meaning far more new residents are moving in than moving out of the Lone Star State.

“Realtors are working with buyers and hearing from lots of others who are considering buying,” said Jef Conn, chairman of Texas REALTORS.

A majority of the most expensive new listings in Texas are located in the Dallas area.

“The Texas spring homebuying season is underperforming as the new home sales recovery has been unimpressive,” said HomesUSA CEO Ben Caballero.

Monthly home payments hit new records last month reaching an all-time high of $2,747, an 11% increase from last year.

Just over 8,000 homes were sold last month, marking a 7% annual decline.

Over 70% of Texas homebuyers who used a real estate agent last year said they’d do so again in the future.

A lakefront Austin property with a luxurious lap pool tops the most expensive new listings in Texas.

In 2020, median renovation spending was $15,000. That amount increased by 60% in three years, with the median home renovation costing $24,000 in 2023.

Furniture retailer Joybird surveyed over 2,500 Americans and asked them to describe their dream living room.

Prospective sellers should prepare to jump on the market — the week of April 14 through 20 will be the best time to sell this year.

The southern Texas city of McAllen ranked as the least expensive place to remodel in the country, with a price tag of $54,855.