News / Features

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NAR 2019 budget proposal includes larger focus on political efforts

The National Association of Realtors has released its 2019 budget plan, which includes approximately $35 million in new programming. The plan — dubbed the S.M.A.R.T. Initiatives: Strategic Measures Advancing Realtors to Tomorrow — will increase dues for each of

Millennials spend nearly half their income on rent

It’s common for millennials to be thinking about buying a home or starting a family, but increasing rent prices are holding back many from making the leap into homeownership. An RentCafe analysis of data dating back to 1974 revealed that

This Week in Houston Real Estate: City Council’s new floodplain plans postponed

Houston City Council plan to change the city’s floodplain ordinance has been postponed after several members insisted on a delay on the final vote to consider amendments and let more members of the public weigh in. The changes will

US pending home sales rose in February

National pending home sales increased 3.1 percent from January to February, according to the Pending Home Sales Index from the National Association of Realtors. Despite this increase, the index is still down 4.1 percent from last year to 107.5, likely held

Better Homes and Gardens Gary Greene named top producer in Better Homes and Gardens real estate network

Better Homes and Gardens Real Estate Gary Greene, a Texas based real estate firm, has been named the top-producing independent brokerage of 2017 for both closed units and sales volume across the Better Homes and Gardens Real Estate network,

Facebook sued for housing discrimination

The National Fair Housing Alliance (NFHA) filed a lawsuit against Facebook in federal court on March 27, claiming the company’s advertising platform “enable[s] landlords and real estate brokers to bar families with children, women, and others from receiving rental

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NAR survey reveals dichotomy between housing, economic sentiment

The number of households feeling confident about the economy and their current financial situation is decreasing, which directly impacts their housing sentiments, according to the National Association of Realtors’ Housing Opportunities and Market Experience (HOME) survey. Homeowners are increasingly positive about

Homebuyers gear up for a competitive spring market

The spring buying season is expected to be driven by record-breaking inventory lows and a flood of buyers, including those who were unable to snag a home last year. According to a new realtor.com survey of active buyers, this season is

Homeowners have gained the highest amount of equity in four years

The average American homeowner gained about $15,000 in home equity in 2017 — the most since 2013, according to the latest CoreLogic Equity Report. Higher home-equity wealth typically promotes higher spending, and IHS Markit analysis predicts that a gain

Agent Steven Kinne honored with a Lifetime Achievement Award

RE/MAX Fine Properties agent Steven Kinne was awarded the distinguished RE/MAX Lifetime Achievement Award. This award was introduced in 1992 and entails prerequisites of agent’s who have earned more than $3 million in commissions, have previously achieved the Hall

Starter home market is worst of all housing segments

The starter home sector is faring worse than the housing market as a whole, according to a recent report by Trulia. Despite overall housing inventory being up 3.3 percent, starter home inventory decreased 14.2 percent from last year to this

Houston named second-largest growing metro in the country

Texas is home to the two largest-growing metropolitan populations in the United States, according to data from the U.S. Census Bureau. Houston-The Woodlands-Sugar Land was listed as the metropolitan area with the second-biggest gains in the country. The population

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Keller Williams Realty The Woodlands & Magnolia merges three offices to one new location

Keller Williams Realty The Woodlands & Magnolia recently announced that its Woodlands Parkway, Sterling Ridge and Magnolia locations will merge into one new office in The Woodlands. The Woodlands & Magnolia company began in 1992 by Mac McCoin and

This Week in Houston Real Estate: NYT covers flooding damage at Canyon Gate in Barker Reservoir

The New York Times continued its coverage of the impact of Hurricane Harvey in the area with a piece about damage at the 721-home Canyon Gate community, where the majority of homes flooded. The story details the development of the

The effect of tax reforms on homeownership

The recently passed Tax Cuts and Jobs Act of 2017 makes significant changes to tax benefits for homeowners, including decreasing the limit on borrowing subject to the mortgage interest deduction from $1 million to $750,000, and capping deductions for both

Almost 100,000 members of Generation Z own homes

More than 99,000 members of Generation Z — those born in 1995 or after — have mortgages, according to credit agency TransUnion. While this is less than than every other generation — compared to more than 12 million millennials, nearly 24

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