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This Week in Houston Real Estate: Houston tops for affordable homes, voters approve flood bond and more

by Rincey Abraham

It may be impossible to have it all, but Houston is one of the cities where it may be the closest to being real – at least in terms of good jobs and affordable homes. Realtor.com recently ranked the top 10 cities where it’s possible to both build their careers and find a reasonably priced home. Houston came in at No. 2 on the list behind Chicago, with a median home list price of $325,000, an unemployment rate of 4.6 percent and a median household income of $67,225. 

In other Houston real estate news:

  • Harris County voters approved the $2.5 billion bond on various flood risk reduction projects, with the bond winning 85 percent of the votes cast. The bond includes more than 200 projects, such as channel modifications, storm water detention basins and more to help reduce the risk of flooding throughout the county.
  • The Department of Energy says Texas is the top state for wind power and most wind capacity installed in 2017 with more than 2,300 megawatts of wind power and a total of nearly 22,600 megawatts of total installed wind power. The department’s report also said that Texas has more wind capacity than all but five countries. Oklahoma came in at No. 2 with 851 megawatts installed.
  • Two luxury apartment complexes have been sold to recently to major real estate investment firms, according to the Houston Business Journal. Taratino Properties purchased the 280-unit Ascension on the Bayou. The apartment complex includes 14,000 square feet of amenities that includes 10,000 square feet of coworking space. Additionally, Hines Global Income Trust Inc. has purchased Venue Museum District, a 2.3-acre property, along with a 0.4 acre parcel that is adjacent to the building.

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