New-home sales rise in December

Houston Agent Magazine 1/26 6:03A John Yellig

New single-family home sales increased for the third month in a row in December, rising 2.3% month over month to an annual rate of 616,000, while the median price of a new home sold during the month dipped 3.7% compared to November, the U.S....

Proposed law would ban purchase of property by citizens of ‘hostile’ nations

Houston Agent Magazine 1/26 5:49A Emily Marek

A new bill proposed in the Texas Legislature would prohibit citizens, entities and governments from certain countries from purchasing or obtaining property in-state. Senate Bill 147 was filed by Sen. Lois W. Kolkhorst, a Republican from Brenham....

Affordable senior housing coming to Houston

Houston Agent Magazine 1/25 6:28A Emily Marek

An 85-unit affordable senior housing project is coming to Houston, thanks to nonprofit organization Texas Inter-Faith Housing Corp . Located at 5811 Winsome Lane, the Westheimer Garden Villas will feature one- and two-bedroom units. Apartments...

HAR: Off-market listings high in the third week of 2023

Houston Agent Magazine 1/25 6:14A Emily Marek

The Houston Association of REALTORS® Weekly Activity Snapshot shows that while new listings and consumer traffic at showings are returning to healthy levels, off-market listings are still drastically higher than they were a year ago. New listings...

Matt Patterson named president of Draper and Kramer Mortgage Corp.

Houston Agent Magazine 1/24 11:12A Emily Mack

Draper and Kramer Mortgage Corp. has a new president: industry veteran Matt Patterson. He will assume his new role Feb. 1. It’s a promotion for Patterson, who has served the company as vice president of business development for eight years....

Thomas Gallagher posthumously recognized as 2022 Houston Realtor of the year

Houston Agent Magazine 1/23 7:40A Emily Marek

Houston Realtor Thomas Gallagher was posthumously selected as the 2022 Realtor of the Year at the Houston Association of REALTORS® annual awards ceremony last month. Gallagher died unexpectedly at the age of 67 last May. “Tom was a man with a...

HAR inducts 2023 leadership team

Houston Agent Magazine 1/23 7:30A Emily Marek

The 2023 leadership team for the Houston Association of Realtors® was sworn in at the organization’s annual Realtor Celebration event last month. HAR’s new leadership includes a fresh Executive...

NAR: Existing-home sales dip 1.5% in December

Houston Agent Magazine 1/20 7:18A John Yellig

Existing-home sales fell for the 11th month in a row in December as house prices rose for the 130th consecutive month, the longest streak of gains on record, the National Association of REALTORS® said. Month over month, existing-home sales, which...

Trinity Equity Group acquires multifamily property from Lionel Partners

Houston Agent Magazine 1/20 6:45A Emily Marek

Trinity Equity Group purchased multifamily property Cypress Parc from Lionel Partners this week. The purchase was made using a $15 million loan from NexBank, according to a press release from MultiHousing News. Located at 18001 Cypress Trace Road...

Million-dollar home sales increase in Texas

Houston Agent Magazine 1/20 4:02A Emily Marek

A new report from Texas REALTORS® shows that million-dollar home sales increased in Texas from 2021 to 2022. The 2022 Sales of Million-Dollar Homes in Texas Report shows that 13,998 homes sold last year had a price tag of $1 million or higher, a...

Home prices increase as falling mortgage rates attract buyers

Houston Agent Magazine 1/20 2:32A Liz Hughes

Home prices nationwide showed the biggest increase in a month while declining mortgage rates are bringing more buyers to the market, according to a new Redfin report . The median home sale price in the four weeks ended Jan. 15 rose 0.9% from 2022...

New listings gain “positive momentum” in second week of 2023, says HAR

Houston Agent Magazine 1/19 5:13A Emily Marek

New listings were up 0.7% during the week ending Jan. 16, according to the Houston Association of REALTORS® Weekly Activity Snapshot. Despite the positive momentum for new listings, pending and closing listings are down year-over-year; the amount...

Texas is the No. 1 state for growth, according to U-Haul

Houston Agent Magazine 1/19 4:49A Emily Marek

According to U-Haul , Texas has ranked in the top spot yet again for one-way moves within the U.S. The moving and trucking company’s latest U-Haul Growth Index determined growth by analyzing the number of U-Hauls departing vs. arriving in states...

Single-family starts, builder confidence rise

Houston Agent Magazine 1/19 3:50A John Yellig

New single-family home starts jumped in December, while January saw the first increase in builder confidence in 12 months, signs that a reversal of fortune could be in the cards for the housing market. New single-family home starts rose 11.3%...

Berkadia: Over 75,000 new apartments in Houston’s pipeline

Houston Agent Magazine 1/18 8:00A Emily Marek

Competition increased in Houston’s rental market in the second half of 2022, although new apartment development is poised to keep up with consumer demand in 2023. Builders have plans to add over 75,000 apartments to the greater Houston area,...