housing market

The market appears to be a little overbuilt at the moment with an occupancy rate of 86%.

Interest rates are between 6% and 7%, more than double what they were during the housing boom of 2020-21.

The market sputtered amid high mortgage rates, high prices, and homeowners with lower rates who have no plans to move.

Housing markets across the nation made the list based on affordable price points, a better chance of unlocking mortgage rates, income growth for young adults, and net migration into specific metro areas.

Texas Comptroller Glenn Hegar testified to the Senate Committee on Local Government that in many ways, the state is a victim of its own success. As local economies boom, more people are moving here and there isn’t enough housing.

Older homes are the only ones many Americans can afford, but they are costly to fix and maintain, especially for seniors. A patchwork of programs to help are underfunded and have years-long waitlists.

The city council will vote on a designation process for community land trusts next week.

Local home sales and home prices took a slight dip in August compared to the same month a year ago.

Come Dream, Come Build hopes that the DreamBuild housing model, which has already been used in Brownsville, can spread across the nation.

The community development came under fire this year after allegations that the development company was creating a safe haven for crime, drug cartels and undocumented immigrants.