Reported 4 months ago
Recent data shows a significant drop in the Altos Research Market Action Index score for the Houston metro area, indicating a cooler market compared to previous years, with more housing inventory available. Local agents emphasize that despite the slowdown, the market remains fairly balanced with out-of-town buyers still showing interest. Suburban areas are experiencing higher levels of activity, but mortgage rates are a constraining factor for some buyers, leading to a cautious but healthy outlook for the housing market in Houston for the remainder of 2024.
Source: YAHOO