Amid growing concerns regarding the lack of affordable housing across the nation, one master-planned community in Houston aims to provide a safe place to call home for families in the area.

Foreign buyers accounted for less than 2% of U.S. residential real estate transactions last year, and Russian buyers accounted for less than 1% of those, the National Association of REALTORS® reported. 

“Looking ahead, the potential for higher inflation amidst disruptions in oil and other commodity flows will likely lead to a period of volatility in rates.” — MBA associate vice president of economic and industry forecasting Joel Kan 

Despite the slight uptick in new listings from last week, Houston’s numbers during the first week of March remained statistically flat compared to the same week in 2021. 

According to the Houston Association of REALTORS® February 2022 Market Update, single-family home sales totaled 7,372 last month, a 22.9% jump from the previous year. 

Currently, median rents in Houston stand at $1,012 for a one-bedroom apartment and $1,204 for a two-bedroom. Houston’s median two-bedroom rent is below the national average of $1,294, an Apartment List report noted.

This year marks the 25th year of new home sales for Sienna, which was ranked among the nation’s top-selling master-planned communities in January.

Just an hour from outer Chicago, sits a spaceship-like structure: Illinois’ famous rotating house.

The real estate franchisor’s 140,000 agents closed more than two million transaction sides in 2021 to become the first real estate brand to do so in a single calendar year, according to the company.

More than 1,000 homes have been sold in Jordan Ranch since builders initially launched sales in the community just over five years ago.

Despite inventory challenges, the market for new homes in Houston is showing signs of improvement. A new report from HomesUSA.com revealed that new homes are staying on the market longer and prices and sales are stabilizing. 

J. Patrick Homes recently announced plans to debut a new series of floor plans that will extend the builder’s current range of offerings.

Real estate technology platform MoxiWorks recently announced the acquisition of ActivePipe, a lead nurturing platform for real estate professionals.

Coldwell Banker Realty announced this week that Lisa Fleming has been named regional vice president of the company’s Houston region, where she will lead 15 offices and approximately 1,100 sales associates. 

Houston’s new home listings began to level out during the week ended Feb. 28, following skewed readings resulting from the mid-February winter freeze in 2021.

The National Association of REALTORS® released an official statement this week regarding Russia’s invasion of Ukraine.