News / Features

White House presses for changes at Fannie and Freddie

The White House has made a strong push in recent months for reform at Fannie Mae and Freddie Mac, two government-sponsored enterprises that work to stabilize the U.S. mortgage market. However, the administration’s plans for how exactly it would

This week in Houston real estate: New Sienna Plantation retail, TMC3 apartments and more

Palta Inc. purchased a 3.2- acre lot in Sienna Plantation in Missouri City. They plan to construct retail space overlooking Houston Methodist’s emergency care center and primary care facility. Interest in the area increased last summer when an undisclosed

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Why home remodelers are thinking like real estate brokers in 2019

Homebuilders today are finding their business prospects increasingly pressured by higher costs for materials and skilled labor. Those costs — and financial strain — inevitably trickle down to real estate developers, homebuyers themselves and even the real estate agents

Price cuts improve affordability for new construction buyers

The residential property market continues to look better for prospective buyers as the trend of falling prices extends into the new construction segment. In the fourth quarter of 2018, according to data from Zillow, more than a quarter of

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46-story residential building coming to downtown Houston

The downtown Houston skyline looks like it will get an addition in the form of one of its tallest residential buildings. Hines, a Houston-based developer, is planning a 46-story residential building at 414 Milam Street in the heart of

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Real Estate in Brief: Hope for homebuilders, FHFA shakeups and more

While the broader U.S. financial market has struggled to recover from a sudden drop in stock prices near the end of 2018, shares of major homebuilders have made big gains. The Wall Street Journal reported that since the start

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December home sales show market headwinds subsiding

The most recent existing home sales report from the National Association of Realtors found sales volumes decline on both a monthly and annual basis in the final weeks of 2018. December home closings touched their lowest annual rate since

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This week in Houston real estate: Employment numbers, new iBuyer comes to town and more

Texas’ economy continues to hum along, with new numbers from the Texas Workforce Commission and the U.S. Department of Labor showing that 2018 ended on a high note. The state added 38,000 seasonally adjusting nonfarm jobs in December, the

What agents and their clients should know about moving scams

Agents have a responsibility to do right by their clients in every way possible, but in the complex, lengthy process of buying and selling a home, not everything may be within an agent’s full control. Criminals and con artists

Home listing growth accelerates to near 4-year high

At a key moment for the U.S. housing market, Redfin found more evidence that homebuyers are entering 2019 in perhaps the strongest position in years. The number of homes for sale in the nation’s largest markets grew 4.8 percent

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This week in Houston real estate: a record 2018, homebuyers near price-out point and more

The numbers are in: 2018 was a new record year for single-family home sales in Houston. According to the Houston Association of Realtors’ 2018 annual report, the 82,177 houses sold adds up to about 3,000 more than the number

Real Estate in Brief: Shutdown studies, interest rate insights and more

The partial shutdown of the federal government is entering its 21st day, and reports of its myriad ripple effects continue to surface. The latest bit of insight from the real estate industry is a Jan. 7 survey by the

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Gary Keller returning to Keller Williams as CEO

In an email sent to associates late in the evening Jan. 8, Keller Williams Realty, Inc. announced co-founder Gary W. Keller would return to his role as CEO after having left that same post in 1995 and serving on

Century 21 CEO will step down in March

Century 21 CEO and president Nick Bailey announced this week that he will be leaving the company. The company’s chief growth officer, Michael Miedler, will be tapped for the role of chief executive and president. The transition to new leadership

Home tech in the spotlight at CES 2019

The long-running consumer tech trade show CES returns to Las Vegas once again this year, hosting some 180,000 people who come to see the latest technology of all kinds. While the four days of CES feature more than 4,500

Real Estate in Brief: Buyer confidence, nonstop flights and more

Economic news was decidedly mixed near the end of 2018, and that trend looks to continue for the housing market. Fannie Mae’s December Home Purchase Sentiment Index, released Jan. 7, adds to that feeling. According to surveys compiled for

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