News / Features

New listings gain traction, still behind last year’s numbers

New listings trailed behind last year’s numbers as week 16 ended for the Houston real estate market. This is the third consecutive week in negative territory, the Houston Association of REALTORS® (HAR) reports.

Bascom Group acquires fourth Houston property in 12 months

The Bascom Group, LLC recently closed on an apartment community in southeast Houston, marking the company’s fourth Houston acquisition in nearly 12 months, according to a press release.

Mortgage applications fall as rates hit 13-year high

Overall mortgage-application volume was at its lowest level since 2018, the Mortgage Bankers Association said.

New-home sales fall again in March

Low inventory and rising interest rates have reduced prospective homebuyer purchasing power. 

Federal judge dismisses counterclaim against REX in ongoing legal dispute with NAR and Zillow

A federal judge dismissed the countersuit brought by the National Association of REALTORS® against Real Estate Exchange Inc.

High property appraisals ‘vastly overstate’ tax bill increases

Property owners who received high property appraisals this month shouldn’t be overly concerned about increased tax bills next year, according to an economist with the Texas Real Estate Research Center (TRERC) at Texas A&M University.

Property taxes across the U.S. rose to $328 billion in 2021

Property taxes across the U.S rose last year, but the hike was much lower than in 2020, according to a new report.  ATTOM found in its 2021 property tax analysis of almost 87 million single-family homes, $328 billion in

HomesUSA: Houston new-homes market is ‘strengthening’

The three-month moving average of Houston new-home sales shows sales listed in the Multiple Listing Service (MLS) in March increased month over month from 1,565 to 1,635.

Legend Communities announces general contractor for The Residences at Tiki Island

Ludlow and Associates Construction has been named the general contractor for The Residences at Tiki Island, a mixed-use residential project located on Tiki Island near Galveston.

NAR data shows another dip in existing-home sales

Rising interest rates and home prices have taken a toll on would-be homebuyers’ purchasing power, leading to increased inventory and another monthly slowdown in sales. 

Texas ranks among best states for remote work

WalletHub ranked the Lone Star State seventh in the nation for having the most favorable work-from-home conditions, which comes as no surprise to those in the Houston real estate market.

Overall new-home construction rises in March despite slowdown in single-family

Single-family home starts declined compared to February, while new apartment construction was up, according to government statistics.

American Financial Resources pilots new all-cash offer program

The all-cash offer program is designed to create equal opportunity for traditional and first-time homebuyers in today’s competitive market. 

HUD releases first Equity Action Plan

The U.S. Department of Housing and Urban Development has released its first Equity Action Plan, with the goal of narrowing the racial homeownership gap.

Builder confidence falls again as housing market faces ‘inflection point’

Builder sentiment has taken a hit from an unexpectedly sharp increase in mortgage rates and continued disruptions in the supply chain, according to the National Association of Home Builders’ monthly survey. 

Starboard Realty Advisors acquires 308-unit apartment community in Houston metro

California-based Starboard Realty Advisors has acquired Arden Woods, a garden-style apartment community in Spring, Texas.

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