News / Features

Existing home sales fall in April due to low supply

Low inventory led to decreasing existing home sales and days on market in April, according to the National Association of Realtors. The median days on market also declined, reaching a new low of 29 days. Total existing home sales,

New home sizes shrink as demand for entry-level homes increases

After the 2009 recession, single-family home sizes have been increasing. But lately, that trend has been changing as builders are capitalizing on the demand for starter homes, according to the National Association of Home Builders. The median single-family square

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Trump’s tax plan a ‘non-starter’ for homeowners, NAR says

Though it would keep in place mortgage interest deductions, changes to the federal tax code proposed by President Donald Trump would hurt homeowners and the real estate industry, according to the National Association of Realtors. NAR commissioned PricewaterhouseCoopers to

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New home sales in Houston are up, days on market stays steady

  New home sales in Houston grew 12 percent with nearly 1,400 more new home sales closed over the past year, according to the HomesUSA.com New Homes Sales Index. Houston is the largest new homes market in Texas and

Zillow’s ‘Zestimate’ facing class-action lawsuit

The Zestimate, Zillow’s algorithm-based property estimate tool, has long been a source of frustration for agents and those listing their homes. Now, the feature on Zillow’s popular website has officially come under fire, as two lawsuits against the online

Homes are selling faster than ever as inventory tightens

Demand for homes continues to grow as houses are selling faster than every before, according to Redfin. Typical homes went under contract in 40 days in April, 10 days faster than the previous year, making April Redfin’s fastest month on

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Townhouse construction grows to help meet starter home demand

Despite a recent lull in growth, townhouse construction proves to be a crucial part of the entry-level housing market. In fact, a recent report by the National Association of Homebuyers predicts construction of this type of home will increase

Most homebuyers don’t believe in a “forever home”

  The concept of a forever home – a single place that will last throughout a person’s life – is a dying idea to most people, according to Taylor Morrison’s 2017 Consumer Survey. The survey looked at 1,000 adults

Total household debt in first quarter passes pre-recession peak

Total household debt reached $12.73 trillion in the first quarter of 2017, which is above the 2008 peak before the housing market crash and economic downturn, according to new data from the Federal Reserve Bank of New York. However,

Uber partners with apartments to simplify pickups and dropoffs

Real estate company Greystar is partnering with Uber to place designated pickup and drop-off spots outside of 75 residential properties, according to the Houston Chronicle. Houston is one of the first cities to test out this concept. Instead of

LGBTQ senior housing facility reaches fundraising goal

A new LGBTQ-focused affordable senior housing facility has passed its fundraising goal and will begin construction most likely in early 2018. According to a March press release, the Montrose Center, one of the nation’s leading full-service LGBTQ centers, needed

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The Realtor of today: breaking down NAR’s 2017 member profile

What does the typical Realtor look like, and how was business for them in 2016? The answer obviously varies from market to market and from age group to age group. But the survey results in the National Association of

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Houston has fourth highest construction costs in the country

  Houston ranked as having the fourth highest average construction costs in the country in Turner & Townsend’s 2017 International Construction Market Survey. Average costs in Houston are $233 per square foot. It followed New York City at $354

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Houston has second-highest Q1 housing starts in the nation

Houston saw the second highest number of housing starts in the country, behind only Dallas-Fort Worth, according to Metrostudy’s 2017 first quarter report. Houston saw 25,789 housing starts in the first quarter of this year, which is down 1,789 from a

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Three masterplan community trends that are attracting new residents

Masterplan community developers are looking to expand the amenities and conveniences offered to residents in order to bring in new buyers. According to John Burns Real Estate Consulting, there are three major features that developers are offering in their

Metro home prices accelerated for third consecutive quarter

Metro homes saw the strongest quarterly sales pace in a decade, which put pressure on existing inventory levels and led to the third consecutive quarter of accelerated home prices, according to the latest quarterly report by the National Association

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