HOUSTON’S 10 HOTTEST COMMUNITIES REFLECT A MIGRATION TO SMALLER AREAS
By Danny Frank, The Pearland Real Estate Expert
Some households are buying homes in smaller, less expensive suburbs as home prices and interest rates remain elevated during Q4 2022 HOUSTON — (January 31, 2023) — Rising home prices and affordability challenges have led to a shift in where some families are choosing to live in the Greater Houston area. The Houston Association of REALTORS®’ (HAR) inaugural report of the Hottest Communities in the Houston Area reveals more people purchased a home in smaller markets in the fourth quarter of 2022. The report is based on the percentage increase in the number of transactions in each of the 206 real estate market areas in the Greater Houston area compared to the same time last year. Significantly more households bought a home in communities in the north and western parts of the Houston area ...