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New Luxury Apartments to Rise Near Generation Park

Indiana-based multifamily developer The Garrett Cos. recently acquired a large piece of land in the Lake Houston area. The 17.7 acres will be used for a new luxury apartment project. The undeveloped land is about six miles north of

Negative Equity Still a Problem in Houston

Progress has been made on negative equity front, but troubling trends persist In the Houston housing market, only 6.5 percent of mortgage holders remain underwater, but a majority of those holders will not reach positive equity for some time. That was the sobering

Supply of Sublease Space Up 61 Percent in Houston

According to NAI Partners of Houston, the downsizing in the energy industry has caused the available sublease space in the Houston office market to rise 61 percent in only one year. The sublease space is concentrated primarily in West

First Retail Project Breaks Ground in Bridgeland Community

The first commercial development in Bridgeland, a master planned community in Cyprus, has broken ground. Located along Fry Road, Lakeland Village Center will include 84,000 square feet of mixed-use developments, such as retail, restaurants, and professional and medical offices.

Houston Among Most Affordable Housing Markets for Millennials

In a housing market pitted against the youngest generation, Houston remains affordable for Millennials. Although skyrocketing housing costs and limited space have kept Millennials from buying housing in popular metropolitan areas, Huston housing is still in the range of

Houston: Affordably Overvalued

Data labels Houston both overvalued and affordable. Which is it? In a dual series of reports released recently by Forbes, Houston is targeted as both a city suffering from overvaluation, and one benefiting from its relative affordability. From the

Houston’s Top Selling Suburbs in May

Houston’s suburbs posted strong sales in May Much was the same in Houston’s suburbs this past May, as Spring and Katy continued leading in total sales – though, their positions were reversed from April – according to new data

Why so Few Renters are Buying Homes

Many wonder why renters are not buying homes at a higher rate, but when one analyzes the numbers, it makes perfect sense. First, there was the notable study from John Burns Real Estate Consulting, which found that only 14.7 percent

CoreLogic: Equity Nears 100% in Houston

CoreLogic’s newest equity report finds rising home values have pushed 90 percent of homeowners into positive equity A new analysis from CoreLogic found that rapacious home price appreciation over the last year has had the well-received effect of dredging the

CoreLogic: Cash Leaves Houston, Homebuyers Rejoice

CoreLogic’s March cash sales report found cash purchases are falling dramatically all across the nation The pool of real estate cash is shrinking as all-cash buyers continue leaving the market, making way for more traditionally financed buyers, particularly first-time

Multifamily New Construction Rises Dramatically in Houston

In the last 10 years, the market share for multifamily construction has grown by an extraordinary amount In April, the most recent month for which we have data, multifamily construction soared 35.5 percent across the country from March. That was

Light Hills Partner Announces Plans for New Apartment Project

Many people want luxury apartment finishes, but not the luxury apartment price tag. Light Hill Partners, a Houston real estate developer, has found a solution to that problem with the plans for their new apartment project. Light Hills Partners

Better Home and Gardens ranked “Brand of the year”

Every year, the Harris Poll releases its EquiTrend Study, an outlining of America’s favorite brands. From chocolate to home insurance to video games, the group leverages extensive consumer data on satisfaction, familiarity and quality, to rank brands. As far

The Woodlands Growth Drives Private School Expansions

The Woodland’s population has been on a steady increase for years, but the construction of the Exxon Mobile campus and the Grand Parkway has left schools in a frenzy to keep up with the spark in population growth. Schools

CoreLogic: Houston No Longer Chasing Pre-Crisis Numbers

Compiling data from CoreLogic, we review nearly a decade of distressed sales data CoreLogic released its distressed sales report for the month of March this week, and what the group revealed was nothing short of expected: REO and short sales

Houston Market Shows Strength, but Oil Prices Loom Over Market

Houston’s market strength weighs on new construction’s strength With prices and inventory soaring in Houston, the market seems to be rebelling at the expected outcome of oil prices dropping, which some analysts argued would damage Houston’s energy-driven economy…or could

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