Houston’s residential real estate dynamic — rising homes prices, a low inventory of houses for sale and strong demand — is reflected in markets across the U.S. And the picture may not change anytime soon.

Home prices rose by double-digits nationally for the third straight month in April, jumping 13 percent compared with April 2020, according to CoreLogic, a real estate information firm.

Low interest rates, which have enabled shoppers to buy more – or more expensive – houses, are driving prices to new highs and further tightening the market. At the same time, there are signs that aging baby boomers who might have considered downsizing or relocating are opting to stay on the sidelines.

“As older homeowners become more comfortable with listing their homes, they are faced with the reality that if they sell, they may get a smaller home for the same price as what they already have,” CoreLogic CEO…

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