26% Of Houston Homes For Sale Are NEW CONSTRUCTION

There are two reasons for this. First, builders are building more new houses. Second, people who already own homes are staying in them longer because they have low mortgage rates.

People who are still able to buy houses are more likely to buy new ones because builders are offering them deals, like lower mortgage rates.

Home sellers have to compete with builders, who are sometimes offering buyers up to $30,000 in deals. With that much money, buyers can cover the cost of closing on the house, make upgrades, and get a lower mortgage rate. In some cases, people who bought a house from a builder a year ago are now selling it and competing against that same builder for buyers!