News / Features

US housing stock ages as construction backlog grows

More Americans are becoming homeowners, particularly young adults. But the homes they are living in are generally older. Data from the U.S. Census Bureau’s most recent American Community Survey showed that in 2016, the median age of all owner-occupied

US foreclosure rate falls to 12-year low as borrowing grows

Two reports on the state of housing finance this week show that mortgage borrowers are still faring well financially despite some recent economic headwinds. The national foreclosure rate reached its lowest point since 2006, according to a report on May

Houston new construction continues to grow to keep up with demand

Houston continues to be a boomtown as construction starts in the second quarter of 2018 grew compared to last year. According to the latest Metrostudy report, Houston saw 28,942 new home starts over the last 12 months, a 6.8

HUD looks for public comments on possible fair housing rule changes

The Department of Housing and Urban Development recently announced that it is looking for public comments regarding plans on “streamlining” the Affirmatively Furthering Fair Housing Rule, an Obama-era rule on desegregation. The rule was designed to help cities and

NAR secures ‘a big win’ on new tax break for agents

Updated guidance from the IRS related to federal tax cuts passed at the end of 2017 confirmed that many real estate professionals should be able to claim a substantial income deduction once they file their 2018 tax returns, in

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See how the Houston area demographics have changed

The nation experienced a certain shift age distributions over the last decade. With Baby Boomers moving on to retirement, Millennials and Gen Xers began to make up the working population. To determine where the different demographics are more present,

Redfin plans long-term with Redfin Now, doubles down on direct buying program

Redfin’s direct home-buying program, Redfin Now, is no longer in testing phase. Redfin recently announced that it has doubled down, making direct home-buying its long-term business plan. Redfin Now buys and lists homes, making an offer to the homeowner

Luxury market sees record growth in July

As the homebuying season reaches its peak for the year, sales in the luxury market continued to grow at a record pace last month. Prices in 19 major luxury markets saw double digit growth, according to the realtor.com 2018

Real Estate in Brief: Millennials want to buy but worry about prices, Spruce raises $15.6 million and more

Millennials want to buy a home, but they continue to view homeownership as unattainable during today’s period of rapidly increasing prices and increasingly limited inventory across the market, according to the CoreLogic Home Price Index (HPI) and HPI Forecast

Houston ranked as one of the most booming towns in the country

Boomtowns arguably made this country what it is today, so Magnify Money developed a list of America’s most booming towns. Coming in spot No. 11 on the list is Houston, the Space City. Each city was analyzed independently from

Strict land-use regulations bring highest home values

Job growth often leads to increased home value, but why are some cities overwhelmingly surpassing others? A new report from Zillow points towards zoning restrictions seem to have an impact on growing home values. From Zillow’s data, the medium

Americans no longer consider real estate as the best investment

For Americans, choosing an investment can be a nerve-racking and difficult decision. For years, investing in real estate has been a popular choice for a lot of Americans, but a new survey found that’s no longer the case.  In

Two Houston zip codes ranked as most gentrified areas

Various communities and cities around America experienced gentrification in the last 18 years. To find out which cities were affected the most by gentrification, RENTCafé compiled a report ranking the top 20 most gentrified zip codes from 2000-2016, which

Rubio proposes federal expansion of Miami cash sales rule

Last month, the Miami Herald reported that an effort to crack down on money laundering through real estate purchases in Miami-Dade County could be expanded nationwide. In a July 31 statement made to McClatchy and the Miami Herald, Florida

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Where jobs, and homeowners, are moving across the US

The dynamics of the U.S. workforce and the housing market are intricately entwined. Local employment trends have significant implications for a city’s real estate market, not to mention the economic competition between states and metro areas that’s always evolving.

This Week in Houston Real Estate: Mansion auctions, apartment acquisitions and more

Primary Luxury Auctions is putting another mansion in the Woodlands up for auction. According to the company, the $6.75 million mansion will be sold without a reserve on Saturday, August 18. The mansion, located on 1.5 acres of land

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