Sellers making concessions to buyers has doubled since 2022

Houston Agent Magazine 5/26 9:47A Liz Hughes

The number of home sellers making concessions to buyers has nearly doubled since last year, according to a new Redfin report . More than two in five home sellers have had to make concessions during the selling process to attract buyers. In the...

PulteGroup appoints Kevin Henry chief people officer

Houston Agent Magazine 5/26 8:11A John Yellig

PulteGroup appointed human resources veteran Kevin Henry as executive vice president and chief people officer, effective June 20. He previously held the same positions at BlueLinx Corp., a wholesale distributor of residential and commercial...

The top 10 most expensive new listings in Texas

Houston Agent Magazine 5/26 8:00A Emily Marek

Lots of luxury homes have sold in the Lone Star State in the past month — the most expensive being a 16-bedroom mansion in the Crespi Estates subdivision in Dallas. Here are the most expensive new listings added to the Multiple Listing Service in...

Sierra Vista begins construction on new amenity village

Houston Agent Magazine 5/26 3:00A Emily Marek

The Pearland community of Sierra Vista broke ground on its latest project, Island Amenity Village, which will include a new amenity not yet seen in the Houston residential market: a heated lazy river. Anchored on one end to a white sand beach,...

Bonterra at Woodforest near full close-out

Houston Agent Magazine 5/25 10:33A Emily Marek

Bonterra at Woodforest, Taylor Morrison ’s active-adult community, is nearing a full close-out. Sales in the 700-acre neighborhood first began in 2014, and now less than a dozen homes are still available on the market. “ Bonterra at Woodforest was...

NAR: Limited supply keeps pending-home sales flat in April

Houston Agent Magazine 5/25 7:19A John Yellig

April pending-home sales were flat compared to March but down 20.3% from a year earlier as low inventory continued to cramp would-be homebuyer ambitions, the National Association of REALTORS®...

Pelican Builders’ Westmore mid-rise now open to residents

Houston Agent Magazine 5/25 6:15A Emily Marek

Pelican Builders celebrated the ribbon cutting at its Upper Kirby mid-rise condominium building, Westmore, on May 23. Located at 2323 W. Main Street, the 33-residence building broke ground in February 2021. The mid-century modern-style project...

Property showings surge ahead of year-ago and pre-pandemic levels

Houston Agent Magazine 5/24 9:49A Emily Marek

Traffic at property showings has increased both year over year and from 2019, according to the latest Weekly Activity Snapshot from the Houston Association of REALTORS® . Over 46,000 potential buyers attended property showings during the week...

Kids R Kids preschool coming to Bridgeland

Houston Agent Magazine 5/24 6:58A Emily Marek

Howard Hughes Corporation announced that early childhood education provider Kids R Kids will open a preschool at its Bridgeland master-planned community. The two-story, 20,000-square-foot early-childhood education facility will be located at the...

Houston the top city for real estate development

Houston Agent Magazine 5/23 8:24A Emily Marek

Houston ranks as the No. 1 city for real estate development over the past decade, according to a new report from StorageCafe . Ample residential, industrial and commercial construction make the Texas city the country’s hottest hub for real estate...

New-home sales rise for fifth month in a row

Houston Agent Magazine 5/23 6:12A John Yellig

New single-family home sales rose for the fifth month in a row in April, climbing 4.1% month over month and 11.8% year over year to an annual rate of 683,000 homes, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development...

Fewer first-time homebuyers in Texas

Houston Agent Magazine 5/22 7:33A Emily Marek

The share of first-time homebuyers is down in Texas, according to Texas REALTORS®. The association’s 2023 Texas Homebuyers and Sellers Report reveals first-time homebuyers made up less than a quarter of all buyers during the time period from July...

New home sales up in Houston

Houston Agent Magazine 5/22 7:27A Emily Marek

New home sales increased in April, according to the New Home Sales report from HomesUSA Chief Executive Officer Ben Caballero . New home sales are up month over month, with 1,888 new homes sold in April versus 1,702 in March. Meanwhile inventory...

Houston ranked one of the top cities in the nation to buy vs. rent

Houston Agent Magazine 5/19 7:26A John Yellig

Houston is among 18 of the 50 largest U.S. cities where it s better to buy a home than rent one, according to a new analysis . Houston’s price-to-rent ratio puts it at No. 15 among the 50 most-populous cities in the study from real estate data...

Nancy Almodovar named agent of record for DeMontrond estate

Houston Agent Magazine 5/19 6:35A Emily Marek

Nancy Almodovar, founder and chief executive officer of Nan and Company Properties , was named the exclusive agent of record for the DeMontrond estate in Tanglewood. The $3.9-million mansion spans 7,000 square feet and includes four bedrooms and...