Category: Financial

Newmark Homes to open new Riverstone neighborhood!

Houston-based Newmark Homes will offer homes in The Grove at Riverstone, a new neighborhood in the Riverstone master-planned community offering homes from about $400,000 and up. Newmark Homes purchased 26 acres off of University Boulevard for the new development in October. It will offer 67 homes on 60-foot wide lots, with floor plans ranging from 2,600 to [...]

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Houston ranks among cities with most new residents; Conroe among fastest-growing cities

Another year, another population boost for Houston. According to population estimates released May 25 by the U.S. Census Bureau, the Bayou City added 18,666 new residents between July 1, 2015, and the same date last year. When comparing number of new residents, Houston is sandwiched between Austin, Fort Worth and Dallas. The Texas city with the [...]

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Housing Had a Great First Half of 2016, but Will It Last?

There were great expectations for the housing market this year—and so far, 2016 has certainly delivered. Looking back at the first half of the year, it’s nothing but good news: ~ Total home sales are up 5% compared with the first half of 2015. ~ Median existing home prices are up 5% as of June, [...]

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HOUSTON’S MEDIAN HOME PRICE HITS A RECORD HIGH IN JUNE!

HOUSTON — (July 13, 2016) — June provided a continued boost to Houston’s housing inventory as new listings entered the market. Home sales volume was unchanged year-over-year, but as the local real estate market has seen for the past several months, most of the homes consumers purchased were priced in the $150,000 to $500,000 range. According to the latest [...]

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3 reasons the global stock market meltdown won’t hurt average Americans

3 reasons the global stock market meltdown won’t hurt average Americans.   The wealth of most Americans are tied to their homes, not stocks or mutual funds. On Monday, the world’s stock markets continued to fall after suffering steep losses the previous week. The Dow Jones Industrial Average, one of the most widely followed indexes, opened for trading by dropping more [...]

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Existing Home Sales up 1.2% in February!

Existing-home sales crept up 1.2% last month despite harsh winter storms, but they remain weaker than last year’s average, the National Association of Realtors said Monday. Sales rose to a seasonally adjusted annual rate of 4.88 million, a bit better than January’s 4.82 million. Last year’s monthly rate averaged 4.92 million, which was down from [...]

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It’s BACK! The return of the 3% down payment!

It is getting easier for some buyers to land a house with less money up front. More lenders are lowering down-payment requirements, allowing borrowers to commit 3%—or even less—of a home’s purchase price to get a mortgage. Many had been requiring down payments of at least 20% since the recession began. Some lenders also are [...]

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A look into home sales for the month of October!

A look into home sales for the month of October! * Happy Friday, everyone have a great weekend!

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A new High-Tech High School is Coming Soon!

An important piece of Houston’s past is making way for the future. Houston Independent School District plans to build a new DeBakey High School for Health Professions on the site of the storied Shamrock Hotel in the Texas Medical Center. The new 195,000-square-foot high school will give up to 1,000 students the opportunity to explore and study. HISD will tear down the existing [...]

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Tips for a Lower Summer Energy Bill

This week’s heat was just a preview of what’s to come in July and August. Houstonians aren’t strangers to triple-digit, summer heat. So when it happens, we sometimes forget that temperatures that high can be expensive, destructive and downright dangerous. Exercisers refuse to skip their evening runs–even if it’s still in the high 90s at [...]

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