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Real estate news in Houston

Houston is classified as ‘rent-burdened.’ Here’s what that means.

In a report titled “Housing Market Conditions Across America’s Cities,” the National League of Cities’ Center for City Solutions recently classified 754 cities of at least 50,000 residents into six different categories to identify their main housing opportunities and

HAR report shows record sales numbers for August

Low interest rates and a growing supply of homes are driving Houston’s market.

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Report predicts stable market, recession or no recession

Only 4 percent of mortgages in the U.S. were 30 days or more past due as of June 2019, according to a new report released from property information and analytics firm CoreLogic. That number represents a national mortgage delinquency

Houston Agent magazine announces Accelerate Summit

Johnson Development will be hosting the premier event for real estate agents on Oct. 2.

Houston renters suffer higher cost burden than homeowners do

It’s no secret that monthly mortgage costs tend to be less than rent on average. But according to a new interactive map released by The Joint Center for Housing Studies at Harvard University, this differential is having a dramatic

Two Houston brokerage powerhouses will combine as one

Better Homes and Gardens Gary Greene and Heritage Texas Properties announced Tuesday that they will be merging. Heritage Texas Properties offices will take up the branding of Better Homes and Gardens Gary Greene.  The merger brings the agent count

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

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