Welcome to the April Market Update

Goodbye April and hello May! The end of the month came fast, meaning it's time to have another monthly market update. Whether you're an agent, investor, buyer, and more, it's crucial to know all the facts when it comes down to the real estate market.

Not only that, but we also have all the information you need to keep up to date with what's going on in Houston! From activities, to news, business, and more! We find it a key factor to know what's going on around us when selling houses in the Houston area.

What's Happening in Houston?

The Grand Prairie located in Hockley, TX is planned to be completed in Spring of 2025. This development will include 481 homes on 70-acres.

Info & photo via H ouston Chron

Maximo - a new restaurant near West University has opened. Maximo makes nixtamalized tacos in house for their diverse taco menu options. They are a must try!

I nfo & photo via H oustonia

Fiesta all day long at Houston Truck Yard! Come out and enjoy Tex-mex food trucks, little dog race, live music, festive drinks, and more!

Info v ia 365thingsinhouston

Photo via Truckyard Houston

Houston Market Update

Real Estate Market Quick Take:

The National Association of Realtors® (NAR) settled a major lawsuit in March. It’s still too early to tell exactly how real estate will be affected, since the courts have yet to approve the settlement, but we’ll shed some light on what’s happening.

Mortgage rates fell slightly in March, closing the month at 6.79%. The Fed continued its wait-and-see approach to rate cuts during the March meeting, holding the federal funds rate steady and stating that they need more data indicating that the economy is continuing to improve.
Sales increased 9.5% month over month, and inventory rose 5.9%. More homes are coming to the market and quickly translating to more sales. New listings rose by 15% month over month, which only benefits the market.

Spring tips to revive the lawn

Touted as being the warmest on record, this winter also included freezing arctic blasts in January across most of the country while the south-east experienced a mid-March return to winter after warmer spring temperatures.

Featured Development

Welcome to Peerless Court! This brand-new development is located minutes from the Medical Center, Downtown, and the University of Houston & Texas Southern campuses. Peerless Court offers contemporary living that features first-floor living with high-end finishes throughout, including engineered hardwood floors, Quartz countertops, stainless steel appliances, and modern shaker cabinets and hardware. The primary bedroom features an oversized walk-in closet as well as a gorgeous bathroom featuring a walk-in shower and freestanding tub. Each home has private driveways and a large backyard space with endless possibilities. Less than one mile from the new 52-acre, Hines Development, Levit Green! This commercial development features retail, dining, and outdoor spaces! Less than two miles away from the new TMC3 Medical Center development, a separate 37-acre mixed-use development bringing 23,000 permanent jobs to the area. Great rental investment and AirBnb!

hat's it for this month! Make sure to check back every end of the month for a new CQ Brief update!