Category: Uncategorized
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Houston Multifamily Market Faces Headwinds
Houston’s multifamily sector is struggling with average occupancy at about 90% and stagnant or declining rents.Since Early-Q3 2023, nearly 21,800 new Class A apartments were built in Houston, but only 18,600 were occupied.
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Who Has the Cheapest Renters Insurance Quotes in Houston?
Lemonade offers the cheapest renters insurance in Houston at $18 per month. It provides good customer service and an easy online experience but doesn't offer flood insurance. Amica, with rates at $21 per month, offers dependable customer service, discounts, and flood insurance. USAA, tailored for military members, has excellent customer service and comprehensive coverage including…
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Cy-Fair’s Apartment Boom: Thousands of New Units!
Thousands of new multifamily units are emerging in Cy-Fair with about 20 complexes planned or underway. The 77433 ZIP code sees most new complexes, with high median incomes and significant single-family home sales.
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Will Rate Cuts Save Houston’s Luxury Market?
Houston single-family home sales dropped 11.6% yearly in Late-Q2, marking the second consecutive decline.The luxury home segment saw a 19.4% decline in sales, ending its recent upward trend.
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Happy Labor Day
Happy Labor Day! Labor Day is a day dedicated to honoring the contributions and achievements of workers and the labor movement. It marks summer's informal end in the U.S., as schools often start after the holiday. It offers a chance to ponder the historical strides in workers' rights and labor advancements. Cheers to hardworking individuals…
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Houston Rental Prices Hit All-Time High
Houston's average single-family rental price hit a record $2,373 in Late-Q2, up 1.3% yearly. Leased listings increased by 3.1% yearly, with 4,358 leases signed in Late-Q2 2024.
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Top Reasons to Invest in Houston Real Estate
Houston's substantial population growth drives heightened demand for housing and commercial spaces, making it a compelling Real Estate market.Houston's robust economy and consistent job growth attract professionals, increasing demand for residential and commercial properties.
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New listings rebound in Houston
New listings in Houston rebounded after a week of declines due to Hurricane Beryl. Realtors added 3,467 properties to the MLS, a 1.5% increase from the previous year. Pending listings dropped by 20.8%, with 1,902 properties going under contract. Closings decreased by 6.8%, with 1,750 homes sold. Despite this, consumer interest remains strong, as listing…
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Houston Metro Area Home Prices up 3.4% in Late-Q2
Houston’s market saw a 0.4% increase month-over-month and a 3.4% increase year-over-year in home price index in June 2024.Home price appreciation slowed for the sixth month due to higher mortgage rates and reduced affordability.
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When to Sell Your Commercial Property?
Selling commercial Real Estate depends on financial strategy and market conditions. Plan for a six-month sales cycle, including preparation, marketing, and closing.