Local News

Real estate news in Houston

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

Houston Homebuilder Plans 10 Residential Projects

New developer plans to help refill falling inventory. Demand in Houston is continuing to exceed everyone’s expectations, pushing forward both home prices and development. The latest to throw their hat into the ring is the newly formed development company

Is Houston Less Affordable For the Middle Class than Previously Thought?

The term “affordability” is thrown around quite a bit, but when it concerns the middle class, the scenario is all the more interesting. According to a detailed new report from Trulia, 46 percent of the Houston area’s housing stock is affordable

Three Realtors Join BHGRE Gary Greene’s Inner Loop Office

Realtors Dyana Babik, Rebecca Chirich and Mandana Gholamhosseini have recently joined Better Homes and Gardens Real Estate (BHGRE) Gary Greene’s Inner Loop office. All three Realtors bring to the office different talents, backgrounds and personalities. Babik joins BHGRE Gary Greene with

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