News / Features

Fed could hike interest rates 9 times by 2020, report says

After remaining flat for years, federal interest rates could be increased nine times by 2020, according to the Congressional Budget Office’s 2017 Budget and Economic Outlook. The Federal Reserve’s policy committee met last week and determined that no federal

Markets nationwide return to normal economic and housing activity

  In the first quarter of 2017, markets nationwide have shown, on average, 100 percent normal economic and housing activity, according to the National Association of Home Builders‘ (NAHB) First American Leading Markets Index (LMI), which is based on current

Average rent in Houston has fallen in the past year

Average rent for an apartment in Houston has fallen by $38 a month in the past year, according to a report by Axiometrics. In March 2016, the average rental unit cost $1,098 per month, while in March 2017 it

Builders think families with children will have highest impact on home sales

Builders find that families will children will have the highest affect on home sales in 2017, according to the 2017 Builder 100 survey. Of its respondents, 68 percent believe that families with children will drive home sales, followed by

Houston homebuyers will find the best deals in late summer

  As home shopping season goes into full swing, buyers may find that patiently waiting for late summer listings will lead to the best selection and prices. A new report from Zillow looked at the listings and price data

Houston home values are almost completely back to pre-recession levels

The prevailing sentiment in the housing market is that it’s a great time to sell, as housing prices and demand has steadily creeped up. While that may be the case, such a rosy portrait of the market doesn’t tell

Renters can afford pricier-than-average homes without increasing monthly expenses

Renters paying the median U.S. rent could afford a house that is 50 percent more expensive than the median U.S. home value, according to a new Zillow study. The study found that with an increase in rent prices across

Sellers believe they have all or more control over the market, survey says

Home-seller confidence got a boost in April this year after home sales and prices picked up in March. Home prices continued an ongoing five-year upward trend, up 7.5 percent from last year to a national median sale price of $273,000. Sales growth

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Home sales in Texas off to a strong start

Texas home sales volume increased 4.6 percent year-over-year to start 2017 on a strong start, according to the 2017 Q1 Texas Quarterly Housing Report from the Texas Association of Realtors. There were 68,420 home sales in the first quarter

Q1 sellers see highest ROI on homes since 2007

  Homeowners who sold their homes in the first quarter of 2017 saw the highest average price gain for home sellers since the third quarter of 2007, according to a new report from ATTOM Data Solutions. The Q1 2017

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

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