News / Features

PHSI Continues Steady Climb in Midwest and South, but Closings Still Dropping

This June, NAR’s Pending Home Sales Index rose 2.4 percent to 90.9 – an increase over last month as well as a 19.8 percent increase over June 2010, according to Calculated Risk. However, Fannie Mae is skeptical as to

Realtors’ Suggestions for Saving the Housing Market

The National Association of Realtors, along with everyone else, would like to save the housing market. According to the Chicago Tribune, these are their ideas for fixing the industry: creating safe mortgage financing for qualified borrowers, revising underwriting standards,

Average Home Equity Down, Wealth Gap Widens

Home equity decreased across all racial groups in 2009: whites’ average home equity fell to $95,000; in 2005, a white’s home equity was $115,364 on average; blacks’ home equity fell to $59,000 in 2009, creating an equity loss of

North Houston Association Meeting Unveils Aerial Land Use Map, Experts Discuss Future of Houston Area

During a meeting for the North Houston Association (NHA), the organization released an aerial land use map that can be used as a tool for local businesses, real estate agents and anyone interested in the North Houston business

Houston’s First Co-op Attracts Residents from all Walks of Life, Joining in the Mission of Sustainability

In addition to Houston’s various slated construction plans, over 600 completed high rises, and the expectations that Texas contains many of the largest U.S. boom towns, Houston may have another development turning heads in the near future. Houston installed

Despite Varying Forecasts, Experts Agree on 2011-2012 Home Sale Increases

Everyone has a different outlook on the housing market, but where you get your information from can also alter your opinion for better or worse. The truth is, nobody is entirely sure what will happen to home sales or

Dallas’ Seasonally Adjusted Case-Shiller Index Decreased – Prices Increase with Buyer Demand

According to the most recent Case-Shiller indices, Dallas had an index of 114.31 this May, creating a 0.9 percent increase (non-seasonally adjusted) since April after a 0.4 percent increase from March to April, but the yearly change was still

Faith Bailes Named Realtor Relations Manager for Woodforest

Woodforest, a project of the Johnson Development Corp., has named Faith Bailes Realtor relations manager for the

Predicting Future Demand with the PRIZM Model

In an effort to predict the demands for building within the current housing market, Builder Magazine installed the PRIZM model, a tool that is made up of 66 segments typically used to describe “demographic, psychographic, and behavioral similarities in

Bridgeland Keeps Expanding-in Developments and Recognition

Houston developer Bridgeland recently achieved a fourth place rating on Metrostudy’s list of top-selling master-planned communities, with strong sales (up 67 percent in 2010) and ambitious plans for further development, according to a press release. Sales continued to grow

What NAR and NAHB Spend Compared to Google and Facebook

A recent comparison by Agent Genius showed that while many criticize Google and Facebook’s annual lobbying costs, those for NAR and NAHB are within the same

Houston Luxury Properties Have More Sales Than Mid-Range Priced Properties

Reports show that luxury and affordable real estate is selling more than mid-range priced properties in June, but sales volumes remain below 2010

Houston Business Journal Ranks Greystar Real Estate Partners No. 1

Once again Greystar Real Estate Partners tops the list of largest Houston-Area residential property management firms by the Houston Business Journal. This list appears in the July 22 print edition of the

Bankrate’s 2011 Closing Costs Survey Finds Texas has Second Highest Closing Costs

Bankrate’s 2011 Closing Costs Survey demonstrated that while home prices are tumbling, closing costs are still on the rise in most states–with an increase of 8.8 percent nationwide, compared to 2010. Nationwide, the average closing cost is now $4,070

Prudential Gary Greene Named No. 1 Real Estate Brokerage in Houston by Houston Business Journal

Houston Business Journal recently announced that Prudential Gary Greene, Realtors took top place on its list of Largest Houston-area Residential Real Estate Brokerage Firms. The brokerage earned its No. 1 ranking with 6,214 transactions and over $1.44 billion in

Houston’s Walkability Score-How Walkability Can Benefit a City

Houston is the 23rd most walkable city among the 50 largest U.S. cities, with a walk score of 50 (out of 100), according to Walk

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