Greg, you asked this in March 2026, so let me answer with what has actually happened since rather than a forecast, and then give you the Houston-specific piece that eleven answers skipped. On rates, because that is what moves Houston buyers: the 30 year fixed dipped near 6.09 percent in late February 2026, ran up to roughly 6.85 percent mid year, and Freddie Mac had it averaging 6.67 percent as of August 13, 2026. So affordability got worse after you asked, not better. Nationally, newly pending sales in July were up only about 0.3 percent from a year earlier and down 7.7 percent from June. Slower, not frozen. Yes, homes are selling in Houston. They are selling more slowly, with more price reductions, and with buyers who have more choice than they had two years ago. Houston has been carrying heavier inventory than most Sun Belt metros, which shifts leverage toward buyers. Now the part that is specifically Houston and that nobody mentioned: insurance and flood. In Houston, whether a house sells is increasingly a question of what it costs to insure, not what it costs to buy. Windstorm and homeowners premiums across the Gulf Coast have risen sharply, and a buyer underwriting a monthly payment is looking at principal, interest, taxes and insurance together. Texas property tax rates are high because there is no state income tax, so the tax line is already heavy. Add a large insurance premium and a house that looks affordable on price becomes unaffordable on payment. Flood is the other one. Get the FEMA flood zone designation for the specific parcel, find out whether flood insurance will be required by a lender, and get a quote. Buyers in Houston, post-Harvey, also ask directly whether a home has ever flooded, and Texas requires sellers to disclose known prior flooding on the seller's disclosure notice. A house with a flood history and no mitigation sits. A house with documented mitigation, elevation, or a low-risk zone letter moves. So if you are selling: get an insurance quote and the flood zone letter before you list, and put them in the listing package. You are removing the buyer's biggest unknown, and that is worth more right now than a price cut. If you are buying: quote insurance before your option period expires, not after. I am Zoltan Peresztegi, a real estate professional serving the South Bay and greater Los Angeles, where insurance availability has become the same kind of deal-driver it now is on the Gulf Coast. Houston is not my market, so get the local pricing from an agent there, and I am glad to make an introduction. Zoltan


