Redfin: Housing market has started to recover

Houston Agent Magazine 1/30 11:42A Liz Hughes

After hitting a new low in mid-November, the housing market has started to recover, but we’re not quite out of the woods yet, according to a new Redfin report . The company says it’s seeing a 17% increase in potential buyers requesting home...

Sueba USA brings new apartment community to the Energy Corridor

Houston Agent Magazine 1/30 9:02A Emily Marek

Developer Sueba USA announced the opening of San Estrella , an apartment community located in Houston’s Energy Corridor. Located at 13475 Rincon Drive in Houston, the San Estrella Apartments consist of 318 units in one-, two- and three-bedroom...

The 10 most-expensive active listings in Texas

Houston Agent Magazine 1/27 7:09A Emily Marek

The luxury market in Texas continues to expand in 2023, according to the Houston Association of REALTORS® list of the top 10 most-expensive active listings in Texas. The following listings were listed in the past month and represent the...

The rules for Houston sidewalks are changing

Houston Agent Magazine 1/27 5:08A Emily Marek

A new ordinance in the city of Houston will allow builders, homeowners and developers to opt out of putting sidewalk in front of homes. Houston City Council voted in favor of the ordinance on Wednesday. The “Fee in Lieu of Sidewalk Construction”...

Three Texas metros named top cities for “downtown living experience”

Houston Agent Magazine 1/26 10:52A Emily Marek

Dallas, Austin and Houston have been named three of the top cities in the country with the best downtown living experience. StorageCafe’s 2023 list of Downtown Living Hotspots ranked 30 of the nation’s most populous cities based on cost of...

Court sides with National Association of Realtors, halts antitrust investigation

Houston Agent Magazine 1/26 9:49A Patrick Regan

The Department of Justice must close its reopened antitrust investigation into the National Association of Realtors, a federal judge ruled this week. The DOJ reached a settlement with NAR in 2020 requiring NAR to improve transparency on broker...

Home sales improve as more buyers return to the market

Houston Agent Magazine 1/26 9:41A Liz Hughes

Pending home sales improved in January as more buyers returned to the market at the start of the year. According to a new Redfin report , January pending home sales had their smallest year-over-year drop in more than three months – falling 26.2%...

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...