Texas builder Wan Bridge has announced plans for a build-to-rent community in the Atascocita master-planned development Land Tejas Balmoral.

New-home permits fell 11.2% month over month, while housing completions jumped 10.8% in what one observer said could have “worrisome” long-term consequences for the nation’s housing supply. 

CIM Group has sold Montierra, an apartment community in the Uptown Houston/Galleria area.

Houston City Council has approved a $19.3 million loan for an affordable housing project in southeast Houston.

The new location will be led by Ashish and Andrea Ghotekar, who will serve as the franchise owners of New Again Houses – Brazoria County.

While the most expensive property sold in November pales in comparison to October’s most expensive closed home sale, the luxury sector remains a thriving component of greater Houston’s real estate market.

“Santa gets a peek into millions of homes each year. Now, millions of Zillow surfers are getting a peek into one of the most famous homes in the world,” Amanda Pendleton, Zillow’s home trends expert.

The 30-year fixed-rate inched to 6.42%, which is still close to the lowest rate in a month, the group said. 

The newly built Cypresswood Apartments in greater Houston has been acquired by Civitas Capital Group.

Austin-based property management and development company RPM Living has acquired its 17th multifamily property in the greater Houston area.

“Real estate technology continues to undergo a significant transformation, and the startups selected for the REACH program will play a critical role in helping to drive that change,” said Bob Goldberg, CEO of NAR and president of SCV.

Located at 24609 Magnolia Road, Stallion Lakes offers “country club living” to residents who don’t want to move too far from the convenience of Houston.

Homes are lingering on the market longer, up 15% from last year during the four weeks ended Dec. 4, marking the largest uptick in home supply since 2015.

The Waller Independent School District acquired 19 acres of land within the Bridgeland master-planned community for an elementary school.

Sue Yannaccone, CEO of Anywhere Brands, will lead the brokerage as M. Ryan Gorman moves to a strategic-advisor role. 

Wells Fargo has partnered with the National Urban League to train diverse home appraisers in Houston.