HAR Houston Snapshot for Week 8/16/2022 to 8/22/2022

There is evidence the Houston real estate market is slowing with new listings down 11% and closings down 22% when compared to the same week in 2021...However, all signs point to a housing-market correction; not a crash.

If sellers list their home for a bit less than they would have a few months back, they’re still likely to get a viable offer. And buyers should remember that 5% rates are historically still on the low end of the spectrum; they can always refinance in the future when rates soften.  Click THIS LINK for the FULL STORY!