Single family home sales are up for the third consecutive month in Houston, the Houston Association of Realtors reported. The statistics for last month also show single family home sales gaining a 30.2% rise compared to a year prior, although last year’s sale numbers were skewed by the federal tax credit. Compared to August 2009, [...]
Houston-area home sales jumped a significant 30.2% compared to a year ago, the Houston Association of Realtors reported, marking August the third straight month of increased sales. Recent sales passed the 5,500 milestone reaching 5,543 transaction as a result of lingering effect of last years’s tax credit. Last year single-family home sales drastically dropped after [...]
Houston’s real estate market seems to gain power as it shows continuous growth in a fast pace. This article will highlight some of the real estate transaction that happened lately. In the apartments category, a New York-based hedge fund focused on real estate debt, Petra Capital Management was interested in buying a 798-unit garden apartment [...]
Houston’s oldest social club is without a building as Skanka USA Commercial Development has acquired the Houston Club building located at 811 Rusk Street in the center of the city. The Houston Club occupied the space since 1948. Furthermore, the Club also had a contract which allows the social club to lease the 100,000 square-feet [...]
Texas continues to amaze the nation with its modes gains in home sales and employment in July. According to a recent report released by the Federal Reserve Bank of Dallas, existing home sales in Texas are up 1.5% in July. However, when compared to last year, home sales are up a significant 22%. The Federal [...]
The Department of Housing and Urban Development and NeighborWorks America have reopened the application process for the Emergency Homeowners’ Loan Program or EHLP in 27 states including Texas to give homeowners at risk of foreclosure more time to apply for the program. The original deadline was July 27, but HUD expressed its aim to reach [...]
Houston’s luxury housing market shows a significant improvement. After several developers announcing their start on new high-rise apartment projects, now the developers of the stalled Winfield Gate townhome project located on San Felipe, just east of Kirby Drive, announced that they will move ahead. Rohe & Wright Builders is partnering with the Willis family, the [...]
The Greenway Plaza area will host a luxury apartment complex which replaces a church. The Morgan Group has sealed a deal to rise its third high-rise apartment building with on the former Central Presbyterian Church property, located at the northeast corner of Richmond and Cummings. The Houston developer plans to build a four-story project with [...]
