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New York’s biggest brokerage is coming to Houston

New York-based residential brokerage Douglas Elliman announced Tuesday that it will be launching in Texas, through a joint venture partnership with Houston-based Sudhoff Companies. The new-to-town brand will be the home base of 50 brokers, Elliman’s president and chief

Single-family home sales in Houston reach record high levels

Single-family home sales in Houston totaled 8,953 last month, marking the greatest volume to date of single-family homes sold in one month. A press release from the Houston Association of Realtors shows this number is up 11.6 percent over

Houston housing inventory continued to improve in July

There are more homes on the market in Houston compared to this time last year. A first-of-the-month report from the Houston Association of Realtors indicates a 7.9 percent increase in new listings for single-family homes. Sellers kept up a

New mixed-use project coming to Cypress

Real estate firm i3 Interests is developing a mixed-use project to be called Telge Crossing two miles off the Barker Cypress exit of U.S. Highway 290. The project will occupy 24 acres of land and include 15,000 square feet

First change to Harris Co. flood rules in nearly 50 years takes effect

New development within flood plains in unincorporated areas of Harris County will now require developers to build five times as much water detention as they’ve had to in the past. That’s because Harris County Commissioners has approved a new

Loosening inventory a good sign for Houston’s housing market

Houston’s real estate market showed that it’s on a roll heading into summer with new figures available from the Houston Association of Realtors. The June numbers, based on available data from the local MLS, show that new single-family listings,

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This week in Houston real estate: Chase Tower deal, post office plans unveiled, and more

New York firm to buy Houston’s tallest skyscraper According to Real Estate Alert, New York based company Cerberus plans to purchase Downtown’s iconic Chase Tower along with the adjacent Chase Center. Cerberus is working with Hines, a local developer

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Latest commission-free real estate platform comes to Texas

A new company is opening up shop in Houston and other Texas cities to sell homes, joining an influx of companies using technology to shoot holes in the traditional agent commission business model.  Colorado-based Blue Match says it provides

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This week in Houston real estate: Post office redevelopment, influx of educated workers, and more

Plans unveiled for longstanding post office building Downtown’s Barbara Jordan Post Office, originally opened in 1962, will undergo a long-anticipated redevelopment. The 550,000 square foot building was purchased by Lovett Commercial in 2015 and has served as a multipurpose

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This week in Houston real estate: Foreclosures, Schlitterbahn and more

Foreclosures bounce back after Harvey-related hit The foreclosure rate in Houston has decreased 65 percent compared to this time last year, the Houston Chronicle reported. Foreclosure starts surged following Hurricane Harvey in 2018, but this new data suggests the

Sizzling luxury market helps Houston set new bar for month of May

Houston’s housing market set new records in May, registering positive gains in all the major categories measured by the Houston Association of Realtors’ monthly report, released Wednesday. Housing inventory grew to 4.2 months’ supply—its highest level since August of

How much real estate contributes to Texas’ economy

The housing market is a major driver of the U.S. economy, but its contribution is different on a state-by-state basis. According to a recent report from the National Association of Realtors, the real estate industry contributed $268.8 billion to the

This week in Houston real estate: Texas cities boom, gated community coming to the Heights and more

Texas tops list of states with fastest-growing cities A report released by the United States Census Bureau found seven cities in Texas are among the top 15 fastest-growing cities in the country. New Braunfels, which saw a 7.2 percent

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Report breaks down storm surge risk for Texas real estate

This week, CoreLogic released its 2019 Storm Surge Report, which evaluates the number of homes in the United States that are vulnerable to hurricane and tropical storm damage. The report showed that, along the Gulf and Atlantic Coasts, 7.3

This week in Houston real estate: lower property taxes, Tanglewood high-rise and more

Tanglewood Homes Association files lawsuit to block high-rise construction The homeowner association in Tanglewood petitioned a judge to stop a potential 20-story tower high-rise from being built in the community, according to the Houston Business Journal. The defendant in

The view from D.C.: top takeaways from NAR’s ‘Midyear’

While much of the buzz around the National Association of Realtors’ Legislative Meetings revolved around the fact that President Donald Trump would be the first sitting president to accept the organization’s invitation to address members in their annual pilgrimage to the

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