News / Features

Luxury home sales increased to close out 2017

In its latest luxury market report, Redfin found that luxury home prices in the U.S. rose 7.4 percent year over year to an average of $1.76 million in the fourth quarter of 2017. The analysis tracked home sales in over 1,000

Millennials facing implications in the housing market

Several long-term economic factors, including the explosion of student debt, are making homeownership a distant goal for most millennials. In a new Apartment List report, a renter survey that elicited responses from more than 11,000 millennials across the United States,

Despite decline in December, 2017 still the best year for home sales in 11 years

Although most of the country experienced a decline in existing home sales in December, 2017 overall was the best year for sales in 11 years. They were up 1.1 percent from 2016, according to a recent report from the National

Mortgage industry top originator Risha Kilaru joins Guaranteed Rate

With 11 years of mortgage lending experience, top loan originator Risha Kilaru has joined Guaranteed Rate as Vice President of Mortgage Lending in California. Kilaru originated over $700 million in the last three years, including more than $268 million

Buying a home more affordable than renting in over half of US housing markets

ATTOM Data Solutions released its 2018 Rental Affordability Report, which showed that buying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 U.S. counties analyzed. The analysis included recently released fair market rent

Houston is one of the top destinations for relocations

After Texas was named one of the top growth states by U-Haul, another moving company acknowledged Houston for its growth. The Bayou City is No. 4 on Penske Truck Rental’s list of top moving destinations.  To come up with the

Rich, saturated colors and mixed metals among the top home design trends in 2018

Expect urban farmhouse designs, fashion-influenced trends, mixed metals and richly saturated colors to make a splash this year. Angela Nuessle, director at Pulte Homes National Interior Design, recently revealed the latest design and décor trends that are sure to be

Income growth in 2018 not enough to keep pace with increasing home prices

In 2018, home sales, housing construction and house prices are all likely to increase modestly, according to Freddie Mac’s January 2018 Outlook. Home sales are forecasted to reach 6.35 million in 2018, up slightly from 6.17 million in 2017.

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December mortgage applications jump nearly 8 percent

A new report from the Mortgage Bankers Association shows that mortgage applications in 2017 increased 7.1 percent from 2016, including a 7.8 percent hike in December to close out the year. “After playing catchup for two months following the

Gov. Abbott proposes annual property tax cap

Gov. Greg Abbott announced his plan to cap annual increases in local property taxes last week as a focal point of his re-election campaign. According to the Houston Chronicle, the proposal would limit how much revenue local taxing entities

This Week in Houston Real Estate: Houston’s exclusion from Amazon shortlist disappoints

Amazon announced the 20 cities that will be considered for its second headquarters, and Houston did not make the cut. Many of the city’s top developers and members of the Greater Houston Partnership have expressed their disappointment at this

Zillow: Crisis-level inventory shortage plagues US housing market

  Home shoppers looking to buy in 2018 will have 10 percent fewer homes to choose from than a year ago, according to the December Zillow Real Estate Market Report. The for-sale inventory across the nation has been falling

Amazon announces the top 20 cities for HQ2

Amazon announced on Thursday that it has narrowed its list potential sites for its second headquarters to 20 cities. Houston did not move on to the second round, but two other Texas cities — Austin and Dallas — made

RE/MAX: 2017 rounds out with record high home prices and low inventory

2017 ended as a seller’s market, with rising home prices and low housing inventory greeting homebuyers across the nation. According to the latest RE/MAX’s National Housing Report, home prices are hitting record highs in December 2017. The median home

Crowdsourcing platform allows employers to include down payment contributions to benefits

With rent costs soaring and student loans piling up, it’s no secret individuals aged 18-35 need all the help they can get to afford some of life’s necessities, like buying a home. In fact, 70 percent of millennials say

$1 million isn’t so luxurious anymore

In a recent examination of homes in the United States — whether or not they were for sale — Trulia found that, while not quite literally, $1 million homes are a dime a dozen these days. Across the country’s

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