Local News

Real estate news in Houston

Existing-home sales slide again in May
Existing-home sales slide again in May

The median existing-home price for all housing types rose to $350,300 in May, marking another new record.

Richmond: 630 acres added to Harvest Green community
Richmond: 630 acres added to Harvest Green community

The annexed acreage will add about 1,400 homes to the master-planned community, as well as new amenities. Sales are expected to start in the fall of 2022.

Houston home inventory levels rebounded in May
Houston home inventory levels rebounded in May

Inventory levels rebounded last month, finally showing signs of recovery following a year of historical declines.

Houston home sales transactions up 49.5% from a year ago
Houston home sales transactions up 49.5% from a year ago

The typical increase in home sales as summer approaches failed to materialize nationwide last month, with average sales dropping 0.2% from April to May, but month-over-month sales in Houston bucked the trend, climbing 1.3%, according to the RE/MAX May National Housing Report.

Land Tejas to develop 646-acre community in Cypress
Land Tejas to develop 646-acre community in Cypress

The new development is expected to begin home sales next year and will have about 2,300 homesites.

Houston’s tight inventory shows signs of relief
Houston’s tight inventory shows signs of relief

HAR’s weekly activity snapshot shows that for the second consecutive week, new listings continued to rise, helping alleviate some of the pressure on dwindling inventory.

CoreLogic: Texas homes average $19K annual equity gain
CoreLogic: Texas homes average $19K annual equity gain

The share of homes underwater in the metro Houston area was at 1.6% at the end of the first quarter of 2021, below the national rate of 2.6%, according to CoreLogic.

Houston ranks 2nd on top 50 new markets list based on 2020 closings
Houston ranks 2nd on top 50 new markets list based on 2020 closings

Experts at Builder Magazine recently came out with their Local Leaders list for 2020, which ranks the country’s 50 largest new-home markets based on closings by the end of the year.

Houston climbs The Economist’s most livable cities in the world list
Houston climbs The Economist’s most livable cities in the world list

Some cities fared better than others with the global pandemic and Houston is one of them, according to The Economist’s 2021 Livability Index’s ranking of the most livable cities in the world.

Legacy Homes announces partnership with eco-friendly development in Tulum
Legacy Homes announces partnership with eco-friendly development in Tulum

“We are providing our clients in Texas the chance to own international property that is walking distance from the beach, in a budding city with potential of significant return on investment.” – Derek Boles, broker/owner of Legacy Homes and Properties.

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