News / Features

Homeownership rate stabilizes, survey says

  In the first quarter of 2017, the homeownership rate was only slightly less than the previous quarter at 63.6 percent, remaining below the 27-year average rate of 66.1 percent, according to the Census Bureau’s Housing Vacancy Survey (HVS). Since the national

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Houston Housing Authority freezes voucher program

The Houston Housing Authority announced that it is freezing its voucher program due to uncertainty with federal funding, according to a press release from the HHA. The HHA will rescind vouchers from individuals whose units have not passed the

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Homes sold faster in March compared to the previous month and year

Properties, on average, remained on the market for 34 days in March 2017, a shorter amount of time compared to February 2017 (45 days) and March of last year (47 days), according to the National Association of Realtors’ monthly Confidence

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Residential construction spending rises in March

As spring gets into full swing, construction activity is starting to pick up. Residential construction activity grew in Houston in March compared to the previous year, according to a new report from Dodge Data & Analytics. March 2017’s residential

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New home sales have slowed down in Houston

New home sales in Houston, one of the largest Texas new home sales markets, has slowed down, according to the New Home Sales Index released by HomesUSA.com. The number of days on the market for new homes sold increased

Immigrants help spur household growth, report says

  The Immigrant and Housing Demand Report was released this month, accounting for Latin American, Asian and African residents’ influence on the population and housing markets across the country, particularly Houston. The report found that immigrants accounted for about 28 percent

Low inventory led to cooling homebuyer demand in March

  The Redfin Housing Demand Index decreased in March to 108 from 123 in February, a 14 percent drop, according to Redfin’s latest report. Although the trend of homebuyer demand is cooling down from its record high of 132

Houston remains a top draw for out-of-state homebuyers

Houston sees a significant amount of interest from residents outside of the city, especially from residents living in major cities where the cost of living is significantly higher. Redfin recently looked at the data for users searching for homes

Fannie Mae announces new programs to help borrowers with student loan debt

Fannie Mae announced a new student loan cash-out refinance program and policies to help borrowers who are burdened by student loan debt. There are three major policies and programs that will be implemented. Student Loan Cash-Out Refinance: Homeowners will

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Multifamily construction outpaced single-family homes in Houston

  Multi-family properties account for more than 40 percent of the growth in housing supply in Houston over the past decade, according to a new study from Rice University. Single-family detached homes grew at a slower rate of 12.2

Getting inside the head of this spring’s homebuyer

  The recently released Active Spring Home Shopper report from realtor.com dives into the mind of this spring’s cohort of homebuyers by breaking down their needs by age group. According to the report, privacy is the top reason out of 10 that

March was the best month for home sales since the market crash

Thanks in part to some slight relief in housing inventory woes, March saw the strongest home sales of any month since the housing market collapse, according to the National Association of Realtors. Home sales in March totaled 5.71 million, the strongest

Cottage Grove shows highest land appreciation in Houston

  Cottage Grove showed the highest land appreciation over the past 10 years, according to a new report from Houston Properties. The study looked at more than 400,000 Houston home sales since 2000 and utilized the Houston Association of

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Houston rents have decreased in the past year

  Houston rents have decreased 2.5 percent in the past year to an average of $1,544, according to the March Zillow Real Estate Market Report. From 2015 to 2016, rent in Houston increased 4.0 percent. Rents rose only 0.7 percent nationwide

Single-family housing development to outpace multifamily, report says

  More investors and lenders are predicting an increase in single-family housing development that will outpace multifamily buildings, according to the 2017 Akerman U.S. Real Estate Sector Report. Of those surveyed, 43 percent said single-family homebuilding will be the most active

East Houston shows potential for major population growth

  In what has been a primarily industrial warehouse district, East Houston is showing potential to become just as popular as West Houston for residential and retail spaces, according to GlobeSt.com. The newly constructed Grand Parkway expansion and new master-planned

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