Local News

Real estate news in Houston

Skilled Labor Shortages Threaten to Stall Eager Builders

Builders want to build but face stifling shortages to skilled labor. On January 26, the price of crude oil dropped to $45.15 – its lowest point since 2009. Since October 2014, we’ve been following the dips in oil price,

Texas Home Prices Remain Positive in New Case-Shiller

Home prices in the Texas area remained right on track in the latest Case-Shiller. Home prices in the Texas area remained positive as ever in November, with prices in Dallas rising 0.1 percent from October and 7.7 percent from Nov. 2013, according to the latest Case-Shiller

Redfin Predicts Houston’s Top 5 Hottest Markets for 2015

Using data from 2014, Redfin predicts what Houston neighborhoods will stand out in the new year. Hot is the perfect way to describe the Houston market in 2014. With booming sales and a seemingly insatiable demand, the city has

SPECIAL REPORT: Houston Sees Healthy 2 Year Decline in Foreclosures

Using data provided by CoreLogic, we look closer at the foreclosure and serious delinquency rates of the last two years. Last week, we reviewed CoreLogic’s latest foreclosure report, which provided a brief snapshot of national and local foreclosure levels

Projected Growth Tumbles With Oil Prices

In light of the falling price of crude oil, Credit Suisse sees 2015 – and possibly 2016 – as a year of relative decline. The glory of Texas is built on a foundation of oil. Slick, black bricks of

Japanese Bullet Train Coming to Houston?

Travel between Dallas and Houston may be getting a lot easier… Often referred to as Texas’ first female governor, Ann Richards once famously said that it wasn’t until she campaigned in the Lone Star State that she gathered an

Realtor Rod Castaneda Joins RE/MAX The Woodlands & Spring

Real estate agent Rod Castaneda is new to the offices of RE/MAX The Woodlands & Spring, according to a press release. “We are very fortunate to have a realtor with Rod’s international experience join our office,” said Danna Furnace-Grimes,

Texas’ Hottest Market Sheds More Cash Buyers in October

Cash sales are on the decline, but still represent a large chunk of the market. Recovery was the word in 2014, as the national real estate market shifted and readjusted to find its footing, and as we slowly begin

With Strong Price Increases, is Houston Now Overvalued?

We’ve come a long ways since the market crash, but does new research suggest we’ve gone too far? With asking prices up in Houston by 13.4 percent, the market the market may be overvalued to market fundamentals, according to a new

HAR Reports Record-Breaking Year for Houston

Houston breaks records in 2014, but is the city on too much of a roll to slow down in 2015? It has been an exceptionally exciting year for Texas and particularly Houston, where home sales and prices have continued

Three New Agents Join Better Homes and Gardens Real Estate Gary Greene

A residential real estate brokerage in Houston hired three new real estate agents to join their office, according to a press release. Better Homes and Gardens Real Estate Gary Greene added Bertha Coronado, Roxana Hebert and Jennifer Martinez at

Houston Foreclosures Remain Low and Healthy in November

November saw foreclosures drop…just not everywhere. Nationwide, the plague of foreclosures persists, but their frequency has dwindled to much more manageable and healthy levels, according to the latest report from CoreLogic. As of November 2014, completed foreclosures were 41,000,

Better Homes and Gardens Real Estate Gary Greene Recognized As Top Brokerage Partner

Top real estate brokerage partners for 2014 included Better Homes and Gardens Real Estate Gary Greene’s relocation department, according to a press release. The brokerage was recognized by AIReS, a corporate relocation solutions company, which determined their rankings by

Wood Partners Announces New Houston Director

Wood Partners, an Atlanta-based real estate company, indicated its intentions to further supplant itself in the local industry with the recent announcement that Bart Barrett would be the new director of its Houston office. “Bart has been a key

Oil Prices Continue Falling; Will Houston Suffer?

Oil prices tumble even further moving into 2015; is there any end in sight? In July of last year, oil prices were hovering over $100/bbl, which was fueling a booming Houston economy heavily dependent on energy investment. However, in

Could These 3 Developments Undo the Housing Recovery?

Housing has made definite progress the last couple years, but there remain pitfalls on the long, winding road to recovery. Mortgage rates remain at record lows; home sales, though down from 2013’s highs, are still miles ahead of the

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