News / Features

How Quickly Do Listings Go Under Contract in Houston?

The housing market, according to the latest numbers from Redfin, seems to be slowing down; is that the case here in Houston? For the third straight month, the percentage of listings that went under contract within two weeks decreased

Housing Stakeholders React Positively Toward New Mortgage Rules

Regulators have proposed new mortgage rules that will give more Americans access to mortgage credit, generating a positive reaction from housing stakeholders. The proposal would align the qualified residential mortgage rule (QRM) with the qualified mortgage rule (QM), finalized

5 Possible Outcomes of Higher Mortgage Rates

Mortgage rates have risen rather dramatically since May; what impact could those increases have, though, on the housing market? At the beginning of May the average mortgage rate for a 30-year FRM was just 3.35 percent. Since then, as

NAR: Higher Mortgage Rates Push Down Pending Home Sales

Higher mortgage rates negatively impacted pending home sales, according to new data from the National Association of Realtors. The Pending Home Sales Index, the leading measure of contract signings in the residential housing market, declined 1.3 percent from June

United Real Estate: From 29 to 1,090 Transactions Per Year

United Real Estate is a fast growing real estate company with offices located in five major U.S. cities. This year, they made over 200 million dollars in sales from January through July. The brokerage began as recently as 2011,

Better Homes and Gardens Real Estate Gary Greene Celebrates 50 Years

Better Homes and Gardens Real Estate Gary Greene commemorated its 50th anniversary and were honored with an eponymous day in the process. According to a recent article by the Houston Chronicle, the real estate group, which started in 1963

Oil and Gas Industry Boosts Houston’s Economy and Housing Market

It’s no secret Houston has one of the most booming housing markets in the nation, and a lot of that is due to the oil and gas industry. Large companies such as Phillips 66 and Exxon Mobil Corp are

New Home Sales Down 13.4% in July – Cold Water on the Recovery?

New home sales fell by a hefty amount in July; what does such a decline suggest about the housing recovery? July was a lukewarm month for new single-family home sales, with the Census Bureau reporting declines in sales numbers.

HAR Announces 2014 Board Of Directors

The Houston Association of Realtors recently named its board of directors for 2014, electing Chaille Ralph of Heritage Texas Properties as its chair. “It is a tremendous honor to serve as HAR chair in the upcoming year,” Ralph said.

Texas Home Prices Remain Strong in June Case-Shiller

June was a stellar month for Texas home prices, with the Lone Star State putting up some of the strongest home prices gains in the nation. Home prices in Texas remained among the strongest in the nation in June,

The Nation’s Busiest Residential New Construction Markets

Residential construction put up some great numbers in July, but are those gains consistent with our local real estate market? July was a very strong month for residential new construction. Not only were building permits up 2.7 percent from

Are Mortgage Lending Standards Really THAT Bad?

We keep hearing that mortgage lending standards are unfairly tight, but does the data support that meme? One of the more prevailing memes in the housing recovery has been the relative tightness of lending standards on residential mortgages, and

Existing-Home Sales Up 6.5% in July, Inventory Stabilizes

Not only were existing-home sales up by monthly and yearly measures in July, but housing inventory continued to stabilize as well. July was a rock solid month for existing-home sales, according to the latest data from the National Association

How Affordable, Really, is Houston’s Housing Market?

Housing affordability has slipped a bit so far in 2013, but does Houston’s housing stock remain affordable relative to other major cities? Housing affordability slipped a bit from the first quarter to the second quarter in 2013, according to

Is a Housing Bubble Forming in Houston?

Signs in Houston’s real estate market point to a potential housing bubble in the future Houston was fortunate to skip the housing bubble in the 2000s – while home prices were skyrocketing and crashing across the nation, this city’s

Census Bureau: Housing Starts Up Nearly 21 Percent in July

Residential construction posted great numbers in July, with housing starts, building permits and housing completions all in positive territory. July was a sterling month for residential construction, with all measured tracked by the Census Bureau posting positive numbers for

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