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Category Archives: Residential

HAR’s Bob Hale says Houston Realtors are ‘Essential’ and Should Be Exempt From Stay-At-Home Order; Harris County Leaders Agreed

HOUSTON – (Realty News Report) – Real estate sales agents perform an “essential” service and should be exempt from the Harris County stay-at-home order, says Bob Hale, president and CEO of the Houston Association of Realtors. The Harris County Commissioners Court agreed and included Realtors in the list of businesses and workers who may continue to operate during the stay-at-home ... Read More »

Realtors Discourage Open Houses; Website Drops Open House Notices Due to Coronavirus

HOUSTON — (Realty News Report) — The website, which carries listings of thousands of homes for sale across Texas, has suspended the display notices of open house events due to  the coronavirus outbreak. Most of the national real estate franchises and many large brokerage firms have either cancelled all in-person open houses or are strongly encouraging their agents not to ... Read More »

Houston’s Strong February Home Sales Collide With Coronavirus

HOUSTON – (Realty News Report) – Houston’s home sales surged to record sales in February, but the housing market is facing strong headwinds as the spring homebuying seasons opens. The Houston economy will be impacted significantly by a decrease in oil prices on top of an economic slowdown associated with the coronavirus pandemic. Oil prices crashed over the weekend with ... Read More »

Montrose Combination Rising: La Colombe d’Or; Hines; NewForm Real Estate and the 97-Year-Old Fondren Mansion

HOUSTON – (Realty News Report) – The Zimmermans, represented by NewForm Real Estate, in a joint venture with Hines, disclosed additional details for its La Colombe d’Or Hotel renovation in the Montrose area. In addition to the 34-story The Residences at La Colombe d’Or developed and previously announced by Hines, La Colombe d’Or Hotel’s footprint will grow to a total of ... Read More »

Rent vs Buy: Do the Numbers Still Add Up for Homebuyers?

HOUSTON – (By Dale King, Realty News Report) — The answer to the ancient question, “Is it better to rent or buy a home?” isn’t easy to come by. So much depends on one’s own personal finances, career trajectory and a complicated formula that takes into account variables like total monthly costs, local median rent and sales prices, taxes and ... Read More »

Mortgage Delinquencies Tripled After Hurricane Harvey – Foreclosure Threats Follow All Major Storms, CoreLogic Study Shows

HOUSTON – (By Dale King, Realty News Report) –The fury of Mother Nature can wreak havoc on a neighborhood, city or state. Floods, wildfires, hurricanes, volcanoes and earthquakes can leave significant destruction in their wake as many communities across the United States have witnessed first-hand. The annual Natural Hazard Report by CoreLogic notes that serious damage to and obliteration of ... Read More »

A Home for People with Intellectual and Developmental Disabilities

HOUSTON – (By Dale King, Realty News Report) – A Houston-based nonprofit serving adults with intellectual and developmental disabilities has launched a $1.4 million initiative to build one house to serve six residents  and a duplex to house up to six additional people. Funds raised through Vita Living’s initiative will support construction of the two residential buildings. The announcement came ... Read More »

2019: The Best Year Ever For Houston Realtors

HOUSTON – (Realty News Report) – Houston’s hot housing market continued its fiery pace in November as he city’s housing surged toward a record year. November’s 6,395 single-family home sales, were up 3.6 percent from last November, the Houston Association of Realtors reported. It was the strongest November ever for home sales in Houston. With mortgage rates low and Houston ... Read More »

Tampa Firm Buys Seventh Multifamily Project in Houston

HOUSTON – (Realty News Report) – American Landmark, a fast-growing multifamily firms in the nation acquired an apartment complex near the Astrodome – the seventh Houston project for the firm. The firm purchased the 282-unit  Haven at Lakes of 610.  The seller was a joint venture of  Guefen Development and The Rainier Cos. American Landmark will rename the project “Aspire ... Read More »

‘Housing is Broken’ – John McManus Tells Hive Conference

AUSTIN – (By Ralph Bivins, Realty News Report) – The nation’s housing market “is broken” because buying a new home is not an attainable goal for many middle-class Americans, according to national housing expert John McManus, vice president and editorial director of Hanley Wood’s residential group. Millions of new jobs have been created in recent years, McManus said, with the ... Read More »

Crescent Adding Luxe Brownstones to Ritz-Carlton Development

DALLAS – (Realty News Report) – Crescent Real Estate is finishing up its Tower Residences at the Ritz-Carlton development with four upscale brownstone-style dwellings priced at $5.5 million to $6.5 million. The homes, designed by architect Robert A.M. Stern, will be constructed by Dallas builder Platinum Homes, a firm led by Mark Molthan. Kyle Crews of Allie Beth Allman & ... Read More »

News Highlights of NAHB’s International Builders’ Show

2018 NAHB International Builders’ Show draws 85,000-plus ORLANDO – (Realty News Report) – A crowd of more than 85,000 filled the exhibit halls of Orlando’s Orange County Convention Center Jan. 9-11 as the National Association of Home Builders (NAHB) drew one of its largest turnouts in recent years at the NAHB International Builders’ Show. Home building professionals from around the ... Read More »

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