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Houston Economy And Real Estate To See Good Times Ahead


The good news is we have turned the corner in the Houston area. Momentum has been strong with 680,000 jobs created here from 2004 to 2014. That’s the same number of jobs there are in Oklahoma City. We needed to build a new metropolitan area literally inside Houston, and just because the price of oil […]

Buying Is Still Better Than Renting In Houston


Houston has long been a place where it makes more sense to own a home than to rent. That’s still the case, but the math on renting versus owning is changing. Today, it’s 42.5 percent cheaper to own a home than to rent in Houston, down from 50 percent a year ago. Why? Higher mortgage […]

Fifth Ward Eyed For New 150 Acre Development


In the shadow of downtown, about 150 acres of property stretching for about a mile along the bayou waterfront could be one of Houston’s next major mixed-use developments. The developer, Midway, is calling it East River. There’s been a lot of curiosity for years among the people which live in the neighborhood as to what […]

Houston Areas That Are Selling The Fastest


Houston’s 2017 homes sales are outpacing last year’s records, with May showing continued growth. Among the highest performing sectors is the luxury market, which is defined as homes priced at $750,000 and above. Home sales across all price ranges are up by 7.4 percent on a year-over-year basis, based on May 2017’s records. The single-family […]

Median Home Prices In Houston Hit All Time High


The Houston-area housing market recorded strong growth in all major metrics in May, including sales, prices and inventory, according to the Houston Association of Realtors. The number of leases also skyrocketed last month. Single-family home sales increased 11.5 percent year over year to 8,156 in May, and sales of all property types jumped 12.3 percent […]

1600 Acres Purchased For Development In Northwest Houston


Prominent community planner Johnson Development Corp. has purchased 1,619 acres in northwest Harris County near the Grand Parkway, according to an announcement from the seller, Rockspring Capital. The property is off U.S. 290 and Katy Hockley Road. There are no immediate plans to develop the site, according to Rockspring’s announcement. The purchase price was undisclosed, […]

Richmond Real Estate Development Trends


Smaller lots cater to first-time homebuyers The developer of Veranda, a master-planned community at Williams Way Boulevard and Veranda Trails Parkway, is catering to the first-time homebuyer by planning to build homes on smaller lots. What we have seen over the years is that developers are not really catering to that first-time homebuyer. The community […]

Current Trends In The Lake Houston Area


Residential growth has changed the Humble, Kingwood and Atascocita areas in recent years. As population and demographic shifts occur, new real estate trends have emerged. 1. Are homes in the Lake Houston area becoming unaffordable? In Atascocita, Houston and Humble, median home values have are trending upward. However, home prices have risen faster than the […]

Houston Home Sales Bucking Nationwide Trends


The number of for-sale homes across the nation is dropping at its fastest pace in almost four years, but that’s definitely not the case in Houston. Our red-hot real estate market has 9 percent more homes for sale this year than last, with single-family home rentals also on an upward trajectory. Nationally, home shoppers have […]