News / Features

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Redfin’s growing profits spur stock growth

In the second quarter of 2017, Redfin Corporation’s revenue increased 35 percent from the same time last year to $104.9 million, the company recently announced. The remarkable profit growth is causing Redfin stock to continue rising less than two

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See how much Houstonians need to earn to buy a home in the area

A new study by HSH.com reveals  what salary Americans must earn in order to afford a median-priced home in any given metro. For Houston residents, the cost of homeownership rings in at $57,346.12 a year, a 9.45 percent increase

As Miami and Houston begin recovery, rebuilding is in focus

As Hurricane Irma’s strength wains to a post-tropical cyclone while it continued its path into Georgia on Tuesday, Florida residents are starting their recovery process — a process that Houston itself started recently after Hurricane Harvey ravaged the city. 

PhysicianLoans increases lending ceiling to $750,000 for doctors, veterinarians

PhysicianLoans recently announced that it will now offer zero-down loans of up to $750,000 for medical professionals. As a part of the company’s Doctor Loan program, the financing rate will be available to dentists and veterinarians in addition to

Houston Association of Realtors offers hurricane relief after Harvey

Hurricane Harvey left many Houston residents homeless, houses either lost to flooding or other hurricane related damage. Texas agents have stepped up and started to lend a hand in helping those displaced find shelter.  The Houston Association of Realtors has

Median down payment percentage is highest in three years

A recent report from ATTOM Data Solutions shows that the national median down payment percentage is at its highest in three years. ATTOM Data Solutions recently released its Q2 2017 Residential Property Loan Origination Report, which found that homes purchased with

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CoreLogic HPI: Home prices are up across the board

According to the CoreLogic Home Price Index (HPI), home prices increased significantly both month-over-month and year-over-year in July. The study analyzed listing prices for a comprehensive set of single-family attached and detached homes in gathering its findings. Nationally, the average

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Concern over skilled-labor shortage mounts in the wake of Harvey, Irma

It’s no secret that the amount of skilled laborers in the United States continues to decline. In fact, a recent report by the Associated General Contractors of America found that up to 70 percent of contractors say they have

HUD outlines Harvey disaster assistance for homeowners

The U.S. Department of Housing and Urban Development announced last week that it is sending federal disaster assistance to Texas to help homeowners and low-income renters who have been forced from their homes after Hurricane Harvey. HUD is providing

Could changes to DACA affect homeownership rates?

On Tuesday, the White House officially announced President Trump’s decision to phase out the Deferred Action for Childhood Arrivals (DACA) program, pending a sixth month grace period. Though economists remain unsure about what implications — if any — a

HUD plan to ease taxpayer burden by changing reverse-mortgage program

Due to upcoming changes to the reverse-mortgage plan, most new homebuyers will soon face bigger upfront premiums, but lower rates over lifetime of the loan. The Department of Housing and Urban Development announced a plan to increase the downpayment

Rates of homeownership are still drawn upon racial lines, study finds

Buying a home remains a goal for many Americans. However, the road to homeownership is rockier for some than for others. A new Apartment List report reveals that the rate of homeownership in the United States varies greatly by

Housing demand drops from June record high, still up from last year

Redfin’s Housing Demand Index dropped 5 percent in July from June’s all-time high, but is still up almost 30 percent from last year. The index, which currently sits at 124, is based on Redfin customers’ home tour requests and

Pending home sales dip for fourth time in five months

With homes flying off the market and a dearth of new listings, pending home sales around the country dipped 0.8 percent in July from June, according to a new report from the National Association of Realtors. While the slip

Housing affordability proves problematic for Houston’s low-income renters

A new study by Zillow reveals that rent growth continues to eclipse income growth for Houston’s lowest-income residents. The report – which considered both multifamily rent prices and U.S. Census data – concluded that even the cheapest apartments in

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Realtor Safety Month: Tips for staying safe on the job

Now that August has passed and the real estate industry is recovering from a dizzyingly busy summer, it’s time for agents to brush up on industry fundamentals, such as safety. September marks the beginning of Realtor Safety Month from

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