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Real estate news in Atlanta

What must you earn to afford a Houston home payment?

The website, which notes that housing costs take up about one third of average spending for households, configured data by assessing the median home value and mortgage payment to show the minimum level of income necessary.

Houston rents jump in 2020, along with other major markets

“In the final months of 2020, single-family rents posted the highest increases in over four years,” said Molly Boesel, principal economist at CoreLogic. “However, single-family rent price reaction to the pandemic and resulting recession differed greatly across metros.”

The 10 most expensive Houston homes sold in January

Nine Houston agents sold homes priced between $2,715,000 and $$6,995,000 last month, according to HAR.

Johnson Development plans ‘Best of the ‘Burbs’ tour

In addition to touring model homes filled with the latest design trends, event goers can also pick up a scratch-off ticket for the chance to win $100,000. 

Houston home prices jump 11.4% in 2020

The report added that vacation homes and affordable homes in small towns near major urban centers were in strong demand as a result of the pandemic.

Bridgeland to welcome new elementary school in Prairieland Village

Top-rated Waller independent school district to open their first campus in Bridgeland.

Houston makes list of top 20 most affordable places to retire

What are the best U.S. cities for retirees? A new report from 55places.com names the top 20, and five of them are in Texas.

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

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

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

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

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

“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

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

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

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

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

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