News / Features

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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Houston suburban renters growing, but most renters are still in the city

While the Houston urban renters gained more than 53,000 more renters, the percentage of suburban area renters increased at a slightly higher rate, according to a report from Rent Café. From 2011 to 2015, the suburban net gain was 19,600,

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Housing affordability rises nationwide in Q1 2017

U.S. housing affordability increased slightly in the first quarter of 2017 due to rising wages and moderating home prices despite increasing mortgage rates, according to National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). Between January and

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Houston home sales continued to grow in April

Single-family homes sales and inventory in Houston continued to grow in April, reaching the highest level since last August, according to the Houston Association of Realtors (HAR). Home sales are up 3.1 percent compared to last year, with 6,583

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Housing sentiment rebounds in April, survey says

The Home Purchase Sentiment Index (HPSI) rose by 2.2 percentage points in April to 86.7 percent and three percentage points compared to last year, according to April 2017’s National Housing Survey. Out of six total components, four saw positive gains when

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See which Houston ZIP code has the most “equity rich” properties

  According to the Q1 2017 U.S. Home Equity & Underwater Report from ATTOM Data Solutions, nearly 5.5 million U.S. properties are seriously underwater, which represents almost 10 percent of all mortgages. This is up from 5.4 million in

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