News / Features

This Week in Houston Real Estate: Texas Rangers pitcher donates mansion to charity

Source: Camp Barnabas Texas Rangers pitcher Cole Hamels and his wife, Heidi, decided to donate their Missouri mansion to Camp Barnabas, an organization that provides experiences to individuals with special needs and chronic illnesses and their siblings. The 32,000-square-foot

Redfin: The average American home costs 18 bitcoins

Bitcoin, the first ever cryptocurrency to function independent of a bank or middleman, soared last month from $5,870.37 per coin on Nov. 12 to $16,650.01 on Dec. 12, a 183.6 percent jump. As of Dec. 21, its value was

What salary affords you a home in the Houston area?

Housing affordability remains a growing problem across the country, according to a new study by mortgage resource HSH.com, which examined the 50 largest metro areas in the United States to determine the salary residents must earn to afford an

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Congressional Republicans pass sweeping tax bill

After being approved by the House of Representatives and Senate on Dec. 20 after months of deliberations and negotiations, the Republicans’ so-called Tax Cuts and Jobs Act is set to land on President Donald J. Trump’s desk for final

Existing-home sales reach strongest pace in more than a decade

The end of the year usually means a slowdown in home sales, but this year is showing to be an exception, with existing-home sales growing in November for the third straight month to reach their strongest pace in nearly

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Luxury home sales were fastest-growing segment of Texas housing market in 2017

Sales of luxury homes in Texas jumped more than 19 percent this year, surpassing $7.5 billion in total sales dollars in 2017, according to the 2017 Texas Luxury Home Sales Report from the Texas Association of Realtors. From October

Single-family housing starts surge along with builder confidence

  After a slow construction season in October, housing starts across the nation saw a 3.3 percent jump in November, according to data from the U.S. Department of Housing and Urban Development and the Commerce Department.  Single-family construction, in

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Freddie, Fannie announce affordable housing initiative

The United States has been grappling with a dearth of affordable housing, spurring a number of municipalities and officials around the country to address the problem head on. Freddie Mac and Fannie Mae recently unveiled a plan to fix what

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Boom in single-family rentals contributing to inventory crunch

Due to a boom in single-family rentals, 270,000 fewer homes have sold each year since 2006. According to a new Zillow analysis, between 2006 and early 2017, the number of single-family homes that are rented increased by 5 million,

Report: Buyers in Houston save more money than renters

An age-old question for many adults is whether they should invest in property or continue to rent. Proponents of buying say it’s a good investment in the future, but sometimes, certain factors — like limited inventory — make ownership

HOME survey reveals diminished housing and economic optimism

Optimism regarding homebuying and home-selling is down in the final quarter of 2017, according to the National Association of Realtors’ (NAR) fourth-quarter Housing Opportunities and Market Experience (HOME) survey. The percentage of homeowners who believe now is a good time

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Homebuyers plunking down more money for down payments

The average U.S. homebuyer in the third quarter made a down payment that was higher than any other quarter since the first quarter of 2000, according to a new report. A dominant trend in the report is that co-borrowing,

FHA to increase floor and ceiling loan limits in 2018

The Federal Housing Administration announced that they will raise loan limits in more than 3,000 counties nationwide in 2018. In total, 3,011 counties will have higher loan limits next year, up slightly from 2,948 counties in 2017 and a

Homebuilder considers residential project in Houston floodplain

In the months following Hurricane Harvey, it looks like Houston is slowly recovering from the storm’s damage. However, some builders could be becoming too confident moving forward with new construction. According to a report from the Houston Chronicle, Meritage

This Week in Houston Real Estate: Inside the former home of Houston Rockets legend Hakeem Olajuwon

The former home of Hakeem Olajuwon is now on sale in north Houston. The home is 7,271 square feet and was custom built in 1983 for the Houston Rockets legend, according to the Houston Business Journal. The home features

Trulia: U.S. housing inventory down more than 10 percent

Tight inventory has nagged the U.S. housing market all year, but in the last quarter of 2017, the number of homes for sale plunged 10.5 percent year over year — the largest decrease since 2013, according to Trulia.  The

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