News / Features

Millennials on the move target Houston

  Houston was the ninth hottest destinations for Millennials who moved last year, according to a new survey from Mayflower. Some of the main characteristics that survey respondents were looking for in their new cities were job opportunities, affordable cost

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Houston Airbnb guests to pay new hotel occupancy tax

Starting May 1, Airbnb guests in Houston will be charged a 6 percent hotel occupancy fee. This comes after years of criticism from the American Hotel and Lodging Association that Airbnb operates like illegal hotels that evade hospitality regulations

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Houston foreclosures fall below pre-recession levels

Houston foreclosure activity has fallen below pre-recession averages, according to a new report from ATTOM Data Solutions. Nationwide first quarter foreclosure activity also was reported as below pre-recession levels. The Houston-The Woodlands-Sugarland MSA reported 3,375 properties with foreclosure filings in

New construction: bigger homes, smaller lots

  New homes are getting bigger, which has helped in balancing out price appreciation while the market sees low inventory and high demand, reports CoreLogic Chief Economist Frank Nothaft, based on Census Bureau data on new residential construction.   What’s changed?

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More renters have no plans to move, own a home

  More renters are saying they have no plans to move this year and have no interest in owning a home, according to a new survey from Freddie Mac. The survey also found that the expectation to purchase a

Vacation home sales plummet

Vacation home sales have dropped significantly, according to a recent study by the National Association of Realtors. Only accounting for 12 percent of all transactions in 2016, vacation home sales fell to an estimated 721,000 transactions—the lowest since 2013 (which saw

Houston homeowners pay some of the highest property taxes in the country

  Houston ranks as having some of the highest property taxes in the nation, with Texas having the third highest effective property tax rate at 2.06 percent, according to data collected by ATTOM Data Solutions. Within the Houston-The Woodlands-Sugar Land

Houston home sales and prices continue to grow in March

  Single-family home sales and prices rose in March, while the housing inventory also grew, according to the latest report from the Houston Association of REALTORS®. Single-family home sales are up 11.7 percent to 7,013 compared to March 2016,

The real story behind the nationwide housing shortage

A nationwide inventory shortage is hampering the housing market’s growth, but the shortage isn’t uniformly affecting every market. In fact, a market is more likely to have a housing shortage if its housing prices have recovered to pre-crash highs,

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Houston is one of the fastest growing cities in the country

  Houston led the pack of major cities that have grown in population since 2010, according to estimates from the U.S. Census Bureau’s recent release metros and counties across the nation. The Houston metropolitan area population went from 5.92

Consumers recognize seller’s market with rising home prices

  Housing confidence fell 3.8 percentage points in March following a survey high in February, according to Fannie Mae’s Home Purchase Sentiment Index ®. The net share of Americans who say it is a good time to buy fell

5 facts that explain Older Boomers’ homebuying habits

With all the talk of Millennials and how they fit into the housing market, retirement-age Baby Boomers don’t get a lot of attention as a home-buying population. The numbers show, however, that “Older Boomers” aged 62 to 70 years

Houston homebuyers are older, single, more diverse than previous year

  The demographics for what a homebuyer looks like are changing in Houston. As the demand for homes in Texas increases, homebuyers are more likely to be single, older, and non-white, according to a new report from the Texas Association of

Houston ranks as one of the best cities for first-time homebuyers

Buying a home in a major city may seem like a difficult task to accomplish for some first-time homebuyers, but Houston is more friendly toward first-time homebuyers than many other cities, according to new rankings from SmartAsset. The study

Average mortgage size reaches record high

The average mortgage size is $318,200, which is the largest it has been in the 27-years of The Mortgage Bankers Association’s weekly purchase loan data survey. There are multiple factors leading to higher mortgages in the United States beyond larger

Federal housing laws protect LGBT citizens, court rules

LGBT people have protection against housing discrimination under the Federal Fair Housing Act, a federal judge ruled for the first time last week. The federal law prevents landlords from refusing to rent or sell housing to anyone based on

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