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real estate news in houston

Waiting to buy in Houston could mean higher mortgage payments
Waiting to buy in Houston could mean higher mortgage payments

We live in uncertain times and clients these days, perhaps more than ever, are asking themselves if now is the right time to buy. Fence-sitters beware, though, says a new study from Zillow, which notes that waiting could mean

Empire Continental Land buys 221 acres in Magnolia
Empire Continental Land buys 221 acres in Magnolia

Construction on the 700-home community in Magnolia will begin in 2022.

Here’s a snapshot of Houston’s market last week
Here’s a snapshot of Houston’s market last week

The Houston Association of Realtors offers a look at market activity last week.

First-time Houston homebuyers face bidding wars from wealthy out-of-towners
First-time Houston homebuyers face bidding wars from wealthy out-of-towners

“Homeowners will see the value of their homes rise, but first-time homebuyers will face tougher competition from out-of-towners with big budgets.” — Daryl Fairweather, Redfin chief economist

Here’s a snapshot of Houston’s market last week
Here’s a snapshot of Houston’s market last week

The Houston Association of Realtors offers a look at market activity last week.

Apartment construction is booming in these two Houston suburbs
Apartment construction is booming in these two Houston suburbs

The flight to the suburbs has become a growing preference for buyers, but renters are also finding respite in the outskirts of larger metro areas. That could help continue to drive new construction of apartments in suburbs across the country, according to a new report from Rent Cafe.

Nearly 10,000 homes sold in Houston in December
Nearly 10,000 homes sold in Houston in December

The decline of home mortgage interest rates is continuing to fuel homebuying demand in December, pushing the median home-sale price up 13% nationwide to $334,300, according to a new report from online broker Redfin.

Houston housing market set new records in 2020, says HAR
Houston housing market set new records in 2020, says HAR

Real estate’s designation as an ‘essential service’ was the key, as Realtors provided critically needed housing to consumers throughout the year.

The 10 most expensive Houston homes sold in December
The 10 most expensive Houston homes sold in December

Nine Houston agents sold homes priced between $4,495,000 and $7,200,000 last month, according to HAR.

Listing prices up 10% in Houston
Listing prices up 10% in Houston

The number of homes for sale nationwide dropped below 700,000 in December, hitting an all-time low, while home prices were up double-digits over the year prior, according to realtor.com’s Monthly Housing Trends Report.

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