In the wake of this new rule, FHA borrowers will have a choice between federal flood insurance and private flood insurance.

Texas home buyer A-List Properties has announced an expansion into all Texas markets.

Houston-based builder Wan Bridge has opened a new build-to-rent community that emulates the seaside living experience.

The brand will specialize in cottage-style homes with private backyards. 

“At the heart of our strategy is walkable urbanism,” Concept Neighborhood’s site reads.

The median existing-home price rose for the 128th month in a row, extending its record-breaking streak of increases. 

The number of homes under construction rose during the month, as homebuilders continued to work through a large backlog of homes. 

The trend of active-adult communities continues to grow in metro Houston.

The largest single-week decline in conventional mortgage rates since July brought the first increase in home-loan applications since September, the Mortgage Bankers Association said. 

The appointment was one of many leadership announcements the National Association of REALTORS® made at its annual convention in Orlando, Florida. 

Caldwell Communities has opened Chambers Creek, a “55 and better” adult community located in Willis, Texas.

“Midway is excited to partner with Arc,” said Midway president and COO Jamie Bryant. “The principals of our firms have a long-standing relationship, and we plan to target similar opportunities in well-located Texas markets where projects like Sabine Street can be a win-win for residents, investors, and communities in urban infill neighborhoods.”

Data from the Houston Association of REALTORS® Multiple Listing Service (MLS) shows that many home sales in the $1 million-plus price range were closed in October, with the most expensive property setting a Houston MLS record for the all-time priciest listing.

The company will let go of 862 employees and eliminate the roles of another 218 people, Redfin CEO Glenn Kelman said.

The new chief executive previously served as CEO of the Women’s Council of Realtors®. 

“With our rental product, we’re able to offer a beautiful home setting; we take care of all maintenance; and we give residents the social contact we know most people want,” Caldwell Communities CEO Fred Caldwell said.