News / Features

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

Housing affordability index down nationwide

  Housing affordability is down nationwide as mortgage rates have increased in February, according to The National Association of Realtors’ latest affordability index. Housing affordability declined 8.7 percent from 175.9 in February 2016 to 160.6 in February 2017. The

Houston ranked as one of the best college towns to buy an investment home

  Anyone interested in purchasing investment property in the Houston area, take note: Redfin recently ranked Houston as one of the best college town locations to buy. Redfin analyzed the latest U.S. News and World Report ranking and looked for

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5 facts that describe Generation X homebuyers

With all the talk of Millennials and how they fit into the housing market, Generation X doesn’t get a lot of attention as a home-buying population. Gen X-ers, aged 37 to 51 years, make up the second largest share

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

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