Tuesday , 12 December 2017
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Category Archives: Residential

NAR Forecast: Home Prices to Jump in 2018

CHICAGO – (Realty News Report) – Median home prices are predicted to rise 5 percent next year, mortgage rates are forecast to gradually increase to 4.5 percent from 4 percent today, and new home sales are expected to jump 13.9 percent to 690,000 during the same period, according to the National Association of Realtors annual forecast. Speaking at the annual ... Read More »

David Weekley to Build Townhomes in Hines’ Urban Mixed-Use Development in Jacksonville, Fla.

JACKSONVILLE, Fla. – David Weekley Homes will build 135 townhomes and detached single-family houses in Southside Quarter, a 105-acre mixed-use project being developed by Hines in Jacksonville. The homes will be part of Weekley’s Central Living brand. Central Living is the high-density division of David Weekley Homes offering residential options in prime locations and was first launched in Houston in ... Read More »

New Redfin Mortgage Firm Will Be Based In Dallas; Initially Focused On Texas Triangle Home Loans

DALLAS – Redfin, a Seattle-based residential brokerage firm, has formed Redfin Mortgage, which will be based in Dallas. Redfin Mortgage will begin issuing loans in the first half of 2017, initially serving customers in Houston, Austin, Dallas, and San Antonio before entering other markets. Redfin Mortgage, led by former BBVA mortgage banker Jason Bateman, will initially focus only on customers ... Read More »

Enough Already – 2016 Record Year for Houston Apartment Construction

(By Dale King) HOUSTON – A third quarter report on the status of multifamily unit construction and occupancy in Houston says a record number of apartments is hitting the local market this year, most of them during the second half of 2016. And while this may look good in the Guinness Book of World Records, it’s not so good for ... Read More »

Austin Firm On Mission to Buy Houston Properties

HOUSTON – PPA Group, an Austin-based multifamily investment firm, has acquired its first apartment project in Houston and it is seeking more opportunities in the Bayou City. The 252-unit Cypress Ridge project, 2331 Bammelwood in north Houston, from CrestMarc of Dallas. “We like the diversity of the economy in Houston and think it is a great time to invest there,” ... Read More »

Don’t Mess with Texas Realty: Q&A With Vicki Fullerton, Chair, Tx Realtors Assn.

(By Dale King) HOUSTON – Realtor Vicki Fullerton, a broker associate at RE/MAX The Woodlands & Spring, took the stage at the Texas Realtors Conference in Galveston last month to take on the duties of chairman of the Texas Association of Realtors. The 38-year residential real estate veteran told Realty News Report during an interview that home builders “can’t keep up” ... Read More »

Houston’s Home Sales are on a Record-Setting Pace, HAR reports

HOUSTON – Houston’s home sales are on a record-setting pace this year. With three quarters of 2016 in the record books, Houston single-family homes sales are running ahead of last year. Year-to-date through September, home sales are up 1.3 percent over the comparable nine-month period of 2015, according to the Houston Association of Realtors. “With home sales ahead of where ... Read More »

CVS Pharmacy Leases Space in New 40-story Downtown Residential High-Rise

HOUSTON – Woodbranch Investments Corp. announced that CVS Pharmacy will be the first retailer located in Market Square Tower, the new 40-story high-rise multi-family apartment building, the tallest residential tower in downtown Houston.. Located at 777 Preston St. in Downtown Houston’s Theater District, the high-rise apartment tower has 463 units. The new 13,000 SF CVS new store will be located ... Read More »

Texas Attracting Huge Numbers of International Homebuyers

(By Dale King)  International purchasers of homes in the United States added more than $10 billion to the Texas economy from April 2015 to March 2016, says a report prepared by the Texas Association of Realtors. Commenting on the findings, a major real estate firm in Houston said the reasons given by foreign buyers acquiring homes in the U.S. generally ... Read More »

Is Houston Heading for a Record Year in Home Sales?

HOUSTON — The Houston residential real estate market, defying the weak job growth in the local economy, is outpacing the sales pace of 2015. Although sales were off in July, on a year-to-date basis, home sales are still up about one percent compared to this point in 2015, according to the Houston Association of Realtors. According to the latest monthly ... Read More »

Better Homes & Gardens/Gary Greene Opens Two More Houston Offices

HOUSTON– Better Homes and Gardens Real Estate Gary Greene, a large Houston residential brokerage firm has opened two new sales offices. The firm’s new Conroe sales office at 3401 W. Davis Street will be staffed by 35-40 agents. The 3,032-SF sales office is near Wroxton Drive and Conroe High School. Gary Greene’s new Fairfield office at 15103 Mason Road which ... Read More »

Commercial Development Begins in Midway’s Memorial Green with Six Tenants Signed

HOUSTON – Midway, a Houston-based real estate development and investment firm, has signed six commercial tenants in Memorial Green, an upscale village of custom homes, shops and office space on Memorial Drive in west Houston. Memorial Green will feature 91 single-family luxury urban homes, a central green plaza and gated community parks, 50,000 square feet of Class-A office space with ... Read More »

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