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NAHB: Nearly half of those planning to buy a home this year are first-time buyers

Nearly half of those who are planning to buy a home this year are first-time homebuyers, according to the first edition of Housing Trends Report (HTR) from the National Association of HomeBuilders. The survey found that 17 percent of respondents

This Week in Houston Real Estate: Meritage Homes to build first community under new floodplain standards

Meritage Homes received approval from the Houston City Council for a new project, the first under the new floodplain rules. Spring Brook Village, located in Spring Branch, will include a 26-acre drainage system to keep rainwater in the center

Homes in districts that were once redlined still lag in value

Homes in neighborhoods that were “redlined,” a practice that began in the 1930s to prevent people of certain races economic classes from buying in certain areas, still have relatively low value compared to other homes in their respective cities,

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Buyers show increasing interest in sustainable homes

Sustainable and eco-friendly homes are becoming increasingly desirable to homebuyers. In a recent survey from the National Association of Realtors’ Sustainability Program, Realtor respondents reported that the majority of homebuyers — 61 percent — are interested in green living. Additionally, 71 percent say

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Real Estate in Brief: Construction growth sees big increase, Lennar partners with Amazon and more

The real value of the construction industry rose 8.5 percent in the fourth quarter of 2017, the largest increase since the first quarter of 2016, according to the latest report from the U.S. Bureau of Economic Analysis. This surge is an encouraging

March existing home sales growing but still seeing constraints

March marked the second straight month of increases for existing-home sales in the country. Total existing-home sales rose 1.1 percent to an annual rate (seasonally adjusted) of 5.60 million, up from 5.54 million in February, according to NAR’s most recent

March home prices see largest increase in four years

This March, the market saw an increase of 8.9 percent in median sales price from a year ago, achieving the highest rise in price in over four years, according to Redfin. The median home sale price in March was

This Week in Houston Real Estate: Houston ranks as one of the best cities for job seekers

Houston placed No. 25 in Indeed’s annual ranking of best cities for job seekers, down from No. 9 last year. In individual categories, Houston ranked at No. 14 for work/life balance and No. 15 for job security and advancement.

NAR: Housing affordability remains elusive nationwide

Nationally, homes are less affordable than a year ago, meaning fewer households can afford what’s currently on the market based on household income, according to joint research by the National Association of Realtors (NAR) and realtor.com. “Wages are growing, which

Hurricane relief fund to set up online home repair service

The Greater Houston Community Foundation (GHCF) is creating a system to connect homeowners affected by Hurricane Harvey with repair services for their homes. The GHCF is behind the $113 million Hurricane Harvey Relief Fund, set up by Major Sylvester Turner

Hurdlr targets the real estate world with new focus

Hurdlr, a Washington, D.C.-based startup that helps freelancers monitor expenses, taxes and other back end personal business needs, recently announced a new focus on the real estate industry. It will provide agents with goal-setting features paired with its original income-tracking

Lack of new single-family homes to throw wrench in buying season

Homebuyers hoping to own a new home by summer may have to be more patient, according to a recent report by realtor.com. The seasonally adjusted numbers in the latest residential sales report released by the U.S. Census Bureau and U.S. Department of

Big State Home Buyers hires director of operations

New Jersey city councilman David Donnelly was appointed the director of operations of Big State Home Buyers, a privately-held home-investing and selling specialist in Texas.  Donnelly will work side-by-side with Brian Spitz, founder of Big State Home Buyers, in

Zillow: 2017 had fastest-selling market ever

  Homebuyers should be prepared for the fast-paced 2018 market, as homes sold faster than ever in 2017, with no signs of slowing down, according to the 2017 Zillow Group Consumer Housing Trends Report. Last year, it took 81

Real Estate in Brief: Americans’ confidence gets a boost, HUD initiative for veteran housing and more

Americans were more confident about buying a home in March than in April, according to the latest Fannie Mae’s latest Home Purchase Sentiment Index, which increased 2.5 points in March to 88.3, a significant change compared to the 3.7 point

Houston neighborhoods that gained the most value

Though Houston is one of the biggest and most diverse metro areas in the country with relatively affordable housing options, some neighborhoods have consistently gained value over the past 18 years. By analyzing over 400,000 Houston home sales since

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