Limited inventory and skyrocketing prices have forced many hopeful homebuyers to instead rent single-family homes.
Real estate agency Agentinc. has expanded into the Lone Star State, with Houston native Andrea Grimm leading the company’s new Texas office.
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.
Features include murals by local artists, nap pods, an in-house digital production studio, outdoor seating and more.
The Houston mansion once owned by the late Baron Ricky di Portanova and Baroness Alessandra di Portanova has been sold for $16 million.
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.
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.
Real estate technology platform MoxiWorks recently announced the acquisition of ActivePipe, a lead nurturing platform for real estate professionals.
The company spun off from Vector Group Ltd. and is now its own stand-alone company.
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.
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.
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 has affiliated with ERA Legacy Living, making Legacy Living the 19th Texas brokerage in the ERA network, according to a press release.
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.
Houston’s real estate activity was unusually high in November despite the Thanksgiving holiday, even as inventory hovered at historically low levels. Renters also brought much-needed business back to the lease market following slight declines in October.
During week 47, real estate agents entered 1,359 properties into the Multiple Listing Service for the week ended Nov. 29 compared to 1,563 during the same period last year.