Local News

Real estate news in Atlanta

Mortgages in Houston Twice as Affordable as Rents in 2014

Everyone knows that mortgages and rents have ran in opposing directions, but the numbers are still jaw-dropping. For some time, we’ve been hearing two independent narratives in housing: one, that mortgage rates and payments were at an all-time low;

Harris/Brazoria Counties Less Affordable Than Historic Averages

A new round of analysis suggests that housing affordability continues to fall by the wayside in the Hoston area. There have been some indicators that the housing affordability situation here in Houston is slipping somewhat, and a new study has provided perhaps

Cash Sales in Texas Remain Below National Average

New cash sales report says more of the same – we’re staying consistent. In September, cash sales increased slightly despite the autumnal slump, but remain at relatively low levels, according to a new report from CoreLogic. In recent months,

Could Soaring Asking Prices in Houston’s Market Pose a Problem?

What’s the deal with asking prices in our metro area? Asking prices in the Houston area remained positive in November, and they seem to be showing no signs of slowing down, according to the newly released Price Monitor from Trulia. Per Trulia’s

Houston Proves It’s Better Than National Average

Foreclosures are being completed at dramatic rates…and why that might not be so good. The newest foreclosure report from CoreLogic highlights the nation’s continued efforts to push through new and long pending foreclosures, but the robust pace of completion

Houston One of Top 10 Luxury Markets in the Nation

New data shows that the city of Houston is one of the most active luxury housing markets in the entire U.S. The city of Houston is the No. 6 luxury housing market in the U.S. in terms of sales, according to

Houston’s Low Inventory Gets a Leg Up from Increased Construction Spending

Construction spending rises and falls throughout the country, helping and hindering markets struggling to refill dwindling inventories. Construction spending was up this past October, according to recently released figures from the U.S. Census Bureau. The increases, which amount to

Johnson Development Corp Debuts Big Adventure Park in Riverstone

What began with simple concrete swimming pools in the first master-planned communities of Houston has turned into an amenities arm race amongst developers looking to attract new residence. Today, communities are expected to feature on-site cafes, stocked fishing ponds,

How Qualifying Incomes Are Quite Reasonable in Houston

At the end of the day, how much income do consumers need to qualify for certain mortgages in our housing market? In our most recent analysis of housing affordability, we looked at what percentage of our housing market’s inventory

CoreLogic Report: What Price Appreciation Says About Our National Economy

Stable, moderate price appreciation may tell a much larger economic story.   Though the pace of home sales has slowed throughout much of the nation, year-over-year price gains remain healthy, increasing in October yet again, making 32 months of

What Obama’s Immigration Action Means for Houston Construction

Obama’s immigration actions have sparked heated rebuttals from both sides of the aisle, but in Houston, it’s all about business. On November 20, millions of Americans tuned in to watch President Obama’s address regarding his recent Immigration Accountability Executive

Sitterle Homes Begins Sales of Roesner Woods Homesite in Katy

Sitterle Homes has opened a 17-homesite enclave, Roesner Woods, at Roesner Road and Saddlehorn in Katy. Each property, roughly a third of an acre in size and individually gated, is priced from the $600,000s. The homes offer six designs,

Village Builders Opens Two New Luxury Model Homes in Woodtrace

Two brand new luxury model homes built by Village Builders in Woodtrace, Friendswood Development’s newest community, are now open. Two collections of homes, Wentworth and Kingston, will be offered and priced from the mid $300s to the mid $500s. The

RE/MAX The Woodlands & Spring Provide Holiday Cheer to American Soldiers

Representatives from RE/MAX The Woodlands & Spring, led by Realtor Vanissa Micklethwait and co-chair Realtor Cissy Baylor, raised funds to benefit soldiers in the First Battalion, 158th Aviation Regiment at the U.S. Army Reserve Unit based in Conroe. This

Rise Communities, LLC Announces New Master-Planned Community in Katy

A new master-planned community is coming to the new Cane Island Interchange in the form of a 1,000-acre community with several unique amenities, including a canine ambassador and Bellagio-style conservatory. A Las Vegas-area developer that is moving to Houston

Texas Home Prices Defy National Trends in Latest Case-Shiller

While home prices slow nationwide, they just keep on increasing in our metro area. Exceeding expectations was the name of the game for home prices in the Texas housing market. In Dallas, home prices in September rose 7.4 percent year-over-year and 0.3 percent

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