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The list of institutions and experts labeling Houston homes as unaffordable and unsustainable is growing. According to Rice University’s fifth annual sustainability report, the city has crossed the threshold into unaffordable. In recent months, we have published several reports
CoreLogic released June cash sales data this week, which showed that cash continues to trickle out of the market. Nationally, cash sales made up 31.3 percent of total home sales in June, down from 33.9 percent the same time
Did the latest Case-Shiller present more of the same for housing? Home prices in the Dallas area were up 1.2 percent from June to July and 8.7 percent from July 2014, according to the latest Case-Shiller Home Price Index from Standard & Poor’s. The
Houston’s inventory is low, which is helping to keep prices surging while sales stagnate. The obvious remedy to rebalance the market would be an injection of new homes. But as a recent report from Metrostudy Corp. explained, growing construction costs
Yesterday, Sept. 23, the Texas Association of Realtors, the state’s largest professional association, announced the installation of its 2016 officers, including one Houston native. Vicki Fullerton, a broker associate with RE/MAX The Woodlands & Spring, was chosen as TAR’s
Texas has the eight least fair tax system in the country. That was one of the findings in WalletHub’s application of a nationally representative survey to rank which states had the most and least fair tax systems. The survey reflected what
WalletHub has ranked the 150 largest U.S. cities that have made the most economic progress since the recession. Houston has been ranked No. 5 in the report of cities that have made significant progress. Here is the full list of
According to the U.S. Census Bureau, Fort Bend County added 32,980 residents in 2014, more than any other county in the U.S. Fort Bend and Montgomery counties are also in the top 10 nationwide when ranked by percentage growth.
Sims Luxury Builders is currently building a new lakefront townhouse community in Sugar Land. The developer will be constructing nine luxury townhouses on a one-acre plot in the Lake Pointe neighborhood within First Colony (a community southwest of Houston).
Houston was an anomaly in the wake of the financial crisis, as the city’s surging economy kept the housing market strong. However, according to Zillow that may no longer be the case. “Houston is starting to become not as affordable for
Since last year, more than one million homes have found their way out of negative equity, a report from CoreLogic revealed. Since the second quarter of 2014, when 5.4 million homes, or 10.9 percent of all residential mortgages, were underwater, strong
Houston hit by expensive commute and utilities Houston was ranked as the city with the fourth most expensive commuting and utility costs, according to a Trulia study released today. The study found that 50.1 percent of the median monthly middle-class income in
RE/MAX Woodlands & Spring has welcomed Helena Jaramillo to its team. Jaramillo previously worked in hospitality and prides herself in her ability to take care of her customers’ needs. “I have always worked in a customer service-heavy industry,” Jaramillo said. “I know if
During the 2005 to 2007 bubble years, the gap between home prices and the long-run sustainable values in the U.S.’ largest 100 markets was approximately 10 percent, meaning that housing was 10 percent overvalued to its fundamentals. When the market
Realtor Brenna Dominguez has joined the RE/MAX team as a sales associate. She will be working at The Woodlands & Spring location. A grade school teacher for over a decade, Dominguez stated that experience cultivates her passion to help
Heritage Texas Properties has named Chaille Ralph as its new president. Ralph was also last year’s chair of the Houston Association of Realtors. Robin Mueck, who previously held the title of president and CEO, has been promoted to chairwoman. Mueck also
