Agent News

COMPASS expands across Gulf Coast with acquisition of New Orleans’ Latter & Blum 

The strategic acquisition expands COMPASS’ Gulf reach from Texas to Florida and brings with it a brokerage that closed $3.6 billion in transactions last year. 

Compass welcomes new Houston-area agents

Several Houston agents made the jump from their former brokerages to Compass during the month of May.

HAR: Houston rental market heating up

Limited inventory and skyrocketing prices have forced many hopeful homebuyers to instead rent single-family homes.

Agentinc. debuts in Texas, led by Houston real estate broker

Real estate agency Agentinc. has expanded into the Lone Star State, with Houston native Andrea Grimm leading the company’s new Texas office.

10 most-expensive Houston homes sold in May

In May, 10 of Houston’s priciest homes sold for a combined total of $52,969,000. Among the homes removed from the market last month was a 20,122-square-foot estate in Houston’s Stablewood subdivision.

Nan and Company Properties opens new office building in The Heights

Features include murals by local artists, nap pods, an in-house digital production studio, outdoor seating and more.

Illustrious River Oaks mansion sells for $16M

The Houston mansion once owned by the late Baron Ricky di Portanova and Baroness Alessandra di Portanova has been sold for $16 million.

Steady consumer demand drives home prices to record highs, inventory to historic low

According to the Houston Association of REALTORS® February 2022 Market Update, single-family home sales totaled 7,372 last month, a 22.9% jump from the previous year. 

Inflation a source of frustration among Houston renters

Currently, median rents in Houston stand at $1,012 for a one-bedroom apartment and $1,204 for a two-bedroom. Houston’s median two-bedroom rent is below the national average of $1,294, an Apartment List report noted.

MoxiWorks acquires lead nurturing platform ActivePipe

Real estate technology platform MoxiWorks recently announced the acquisition of ActivePipe, a lead nurturing platform for real estate professionals.

Douglas Elliman lists on the New York Stock Exchange

The company spun off from Vector Group Ltd. and is now its own stand-alone company.

Houston real estate market sees typical holiday lull

The holiday season is in full swing, causing slower activity in the Houston real estate market, according to the Houston Association of REALTORS® weekly activity snapshot. 

Houston market hits winter freeze as new listings continue downward trend

The number of new listings in the Houston real estate market continue to trail 2020 levels as they closed out their sixth consecutive week of declines on Dec. 20, according to the Houston Association of Realtors (HAR) weekly activity snapshot. 

HAR adds Spanish language option to its MLS platform

The Houston Association of Realtors (HAR) has introduced a Spanish language option to its Multiple Listing Service (MLS) platform in response to the state’s growing Spanish-speaking population.

ERA Real Estate expands Texas presence with Legacy Living affiliation

ERA Real Estate has affiliated with ERA Legacy Living, making Legacy Living the 19th Texas brokerage in the ERA network, according to a press release.

What’s the future of Houston real estate for 2022?

While buyer preferences for more space — both inside and outside the home — remain and supply chain issues continue to stifle home construction efforts, other factors, such as the potential increase in interest rates, are expected to change the game in 2022.

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