Inventory still low in Houston

Houston

2022/07/06

In early June, mortgage rates averaged 5.78%, bringing the monthly mortgage payment on a typical home to $2,127, ↑ 51% YoY.Mortgage payments on a typical Houston-area home are $2,032, ↑ 46.4% YoY.While inventory continues to recover from its February low, it’s still 50% below 2019 levels. While inventory continues to recover from its February low, it’s still 50% below 2019 levels.