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Houston brokers skeptical of Zillow deal
Houston brokers skeptical of Zillow deal

The news that Zillow is purchasing ShowingTime for $500 million sent shockwaves through the residential real estate industry in February.

RE/MAX, NAREB take on homeownership racial gap
RE/MAX, NAREB take on homeownership racial gap

The National Association of Real Estate Brokers has joined the RE/MAX Strategic Alliances program to help grow homeownership among minority groups.

Median home sales price nears record-high
Median home sales price nears record-high

The median sales price in the first month of 2021 was up 11.8% from January 2020 to $285,000, nearly matching the record high of $290,000 set last August.

Nearly a third of Houston homes face bidding wars
Nearly a third of Houston homes face bidding wars

For the ninth month in a row, Redfin is reporting more than half the homes offered by their agents are facing competition at 56%.

Home sizes expected to rise in post-COVID world
Home sizes expected to rise in post-COVID world

After declining for years, the size of new single-family homes has begun to level off as consumers spend more time at home, a National Association of Home Builders analysis found.

Low-income housing doesn’t hurt home prices
Low-income housing doesn’t hurt home prices

The study dispels a long-held belief that nearby homes lose value once low-income housing is built in an area.

What must you earn to afford a Houston home payment?
What must you earn to afford a Houston home payment?

The website, which notes that housing costs take up about one third of average spending for households, configured data by assessing the median home value and mortgage payment to show the minimum level of income necessary.

Houston rents jump in 2020, along with other major markets
Houston rents jump in 2020, along with other major markets

“In the final months of 2020, single-family rents posted the highest increases in over four years,” said Molly Boesel, principal economist at CoreLogic. “However, single-family rent price reaction to the pandemic and resulting recession differed greatly across metros.”

Rate of homebuyers who are outbid doubles
Rate of homebuyers who are outbid doubles

The top reason why long-time searchers have not purchased a home is because 40% say they were outbid.

The 10 most expensive Houston homes sold in January
The 10 most expensive Houston homes sold in January

Nine Houston agents sold homes priced between $2,715,000 and $$6,995,000 last month, according to HAR.

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