Texas Voters Approve Proposition 4 - Tax Cut

• Texas homeowners and businesses are getting a tax cut.
• The tax cut is worth $18 billion.
• Most of the tax cut is aimed at lowering school district property taxes, which are a big part of property tax …

Houston's Hottest Communities in Q3 2023

The Houston Association of Realtors (HAR) recently released a report ranking the region's hottest communities in Q3 2023. The report, which utilized data on average sales price and number of transactions, found that the suburbs are dominating the market.

The top-ranked community …

26% Of Houston Homes For Sale Are NEW CONSTRUCTION

There are two reasons for this. First, builders are building more new houses. Second, people who already own homes are staying in them longer because they have low mortgage rates.

People who are still able to buy houses …

Texas has the most new homes built in the United States since 2010

Nearly a quarter (22.5%) of all occupied housing units in Texas were built since 2010. This is more than any other state in the country.

Texas' high new home construction rate is not surprising, …

Local Home Sales Show Positive Signs in Recent Months

For a long time, many neighborhoods saw a drop in home sales each month compared to the previous year. However, things started to look up in July, and this positive change continued into August. The latest report from the …

Houston's House Prices Soar, Making Top 20 in the U.S.

Houston's house prices went up last year. Now, it's one of the top 20 places in the U.S. with the most expensive houses, says a report from Zillow.

The total worth of all U.S. houses is now …

Don't Expect A Tidlewave Of Foreclosures

The cost of things like food and gas is going up, and some people are worried that they won't be able to afford their mortgage payments. This could lead to a lot of foreclosures, which is when the bank takes a house …

NAR's Existing Home Sales Report To Be Realeased

Houston Real Estate Weekly Update 9 5 - 9/11/2023

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