The amount a homebuyer needs to earn to afford a median priced starter home is down 0.4% from last year, marking the first annual decline since August 2020.

Realtor was the most desirable job in 49 of the 50 states, the study found.

The priciest new listing in the Lone Star State is an $18,995,000 estate in Caney, listed by Amanda Gadison of Keller Williams Dallas Midtown.

The latest reading of the National Association of REALTORS® Pending Home Sales Index shows a return to month-over-month growth after a decline in July.    

Prices were up 0.6% month over month and 2.3% year over year, according to First American Data & Analytics’ monthly Home Price Index report. 

Homebuying has just become more affordable for the first time since 2020, according to a new Redfin report.

The 716,000 per-year rate of new-home sales topped the consensus estimate of 700,000. 

In its monthly report, HomesUSA said home prices were relatively flat during the same period. 

The 2.5% decline followed a 1.3% increase in July, according to the National Association of REALTORS®. 

Closed home sales were down 4.3% year over year, according to the MetroTex Association of REALTORS®. 

The Metroplex also ranked No. 3 in the U.S. for new listings, according to the latest RE/MAX National Housing Report.    

At a time of year when the real estate market typically experiences seasonal declines, this fall is bringing just the opposite.

While the average monthly housing payment in the U.S. fell to its lowest level since the start of the year, it isn’t improving sales, as potential buyers are holding out for lower mortgage rates.

Specifically, prices rose 4.3% annually after growing by 4.7% in June. 

The priciest new listing in the Lone Star State is a $27.5 million estate in Southlake, listed by Michael Hershenberg of Real.

July’s seasonally adjusted annual rate of 739,000 represented a 10.6% jump from June’s upwardly revised rate of 668,000.