houstonchronicle.com
Would-be homeowners in Harris County are struggling to buy houses as median home prices have far outpaced incomes, according to the 2024 State of Housing in Harris County and Houston by Rice University’s Kinder Institute for Urban Research. Mortgage rates and home insurance, which are both notably higher than they were five years ago, have exacerbated the problem. A median-income household in 2023 (earning $71,009) could afford only an $189,000 home, which is $126,000 less than the median sales…
6 months ago