houston real estate boss: Luxury Condos Coming to Rice Village: The Chaucer - 04/15/24 11:29 AM
Luxury Condos Coming to Rice Village: The Chaucer
Rice Village is getting a brand new luxury condo development! The Chaucer, planned by Randall Davis Co., will be a 12-story mid-rise with only 29 residences, offering an exclusive feel. Prices will start at a cool $1.5 million and go up to a whopping $4.5 million.
Construction is expected to begin in September 2023 and be completed within two years. The development will take shape at 2360 Rice Blvd., right next to Hungry's restaurant. This prime location puts residents within easy reach of Rice Village, the Medical Center, Southampton, and West University.
Designed for a walkable … (1 comments)

houston real estate boss: Historic Structures Are Getting New Life - 04/15/24 10:44 AM
Historic Structures Are Getting New Life Houston used to favor demolition for old buildings, but a shift is happening! Historic structures are getting new life through adaptive reuse.
The Astrodome may be a rodeo storage unit, but it's still standing. The River Oaks Theatre dodged demolition threats. Project Row Houses has a long history of transforming homes into art.
Even more adaptive reuse projects are on the horizon:
Sugar Land's historic Imperial Char House will become a mix of offices, stores, and restaurants.                    Katy is exploring ways to turn its rice dryers into an … (1 comments)

houston real estate boss: Houston Embraces High-Rise Living: A Legacy and a New Chapter - 04/05/24 11:10 AM
Houston Embraces High-Rise Living: A Legacy and a New Chapter
Houston, a sprawling metropolis known for its love of single-family homes, is seeing a shift towards vertical living. Pelican Builders, a pioneer in this movement, is leading the charge with luxurious high-rise condos.
Pelican's Pioneering Role:
The company built Houston's first-ever residential highrise, The Woodway, in 1974. Over five decades, they've established themselves as a multifamily housing leader, developing thousands of condo units, townhomes, and apartments.
The Hawthorne: Bringing Luxury Living to Tanglewood:
Pelican recently unveiled the Hawthorne, a 17-story condo building with 67 units in Tanglewood, just a stone's throw from The Woodway. These upscale … (1 comments)

houston real estate boss: Houston's Empty Hilton to Get a $40 Million Makeover - 03/22/24 06:37 AM
Houston's Empty Hilton to Get a $40 Million Makeover
The former Hilton Houston Galleria is getting a new lease on life! The vacant 13-story building will be transformed into a modern apartment complex thanks to a Los Angeles developer.
Why the Change?
There are two main reasons behind this shift:
Empty Hotel: The Hilton closed its doors in 2022 and hasn't found a new tenant. Houston's Hot Housing Market: With many Houstonians working remotely and a growing city population, there's a high demand for apartments. Project Details:
Cost: The conversion will cost an estimated $40 million. Start Date: Construction is expected to begin in April 2024. Completion Date: The … (2 comments)

houston real estate boss: Houston Downtown: A Thriving Destination - 03/21/24 07:20 AM
Houston Downtown: A Thriving Destination
Houston's downtown is booming! A recent report reveals a surge in visitors since the pandemic. This vibrant area offers a variety of attractions, including:
Bayou Trails: Perfect for exploring Houston's scenic waterways. Exciting events: From concerts and holiday celebrations to thrilling sports games featuring the World Series Champion Houston Astros (winners in both 2022 and 2017!). Thriving hospitality scene: The number of downtown hotel rooms is on the rise, with nearly 500 new units joining the existing 8,600. Exciting additions include: The 100-room Moxy Hotel, housed in the historic State National Bank Building. A dual-branded hotel project is under construction, … (0 comments)

houston real estate boss: Texas Ranks High for Luxury Tiny Homes, Offers Opportunity and Investment Considerations - 03/11/24 10:27 AM
Texas Ranks High for Luxury Tiny Homes, Offers Opportunity and Investment Considerations
A recent Architectural Digest report highlights a growing trend in Texas real estate: luxury tiny homes. The state boasts the second-highest number of luxury tiny homes available for sale in the US, following California at number one.
For this study, a lluxury tiny home was defined as a pre-built dwelling priced at $75,000 or more and listed on specific tiny home platforms. As of January 2024, there were 81 listings for luxury tiny homes in Texas, compared to 252 non-luxury options.
While California has the most overall listings (both luxury and non-luxury), … (3 comments)

houston real estate boss: Houston Housing Market Sees Sales Dip in 2023, But Eyes Recovery in 2024 - 03/09/24 07:26 AM
Houston Housing Market Sees Sales Dip in 2023, But Eyes Recovery in 2024
The Houston Association of Realtors (HAR) reported a challenging 2023 for the housing market, marking the second year in a row of decline. Here's a breakdown of the key points:
Sales Soften:
Single-family home sales dropped 12% in 2023 compared to 2022, totaling 83,854 units. Overall property sales mirrored this trend, falling 13% to 102,367 units. Market Value Stabilizes:
Despite the sales slowdown, the average price for single-family homes remained steady at around $408,000. The median price also showed stability, hovering around $330,000. Townhome and Condo Market:
This segment saw … (3 comments)

houston real estate boss: Good news for Home Buyers! Builder Confidence Is On The Rise As Mortgage Rates Fall. - 03/09/24 06:33 AM
Good news for Home Buyers! Builder Confidence Is On The Rise As Mortgage Rates Fall.
This positive trend follows two straight months of increasing optimism among builders. Lower borrowing costs are making homes more affordable, attracting buyers who were previously priced out. The National Association of Home Builders (NAHB) reports a jump in builder sentiment, exceeding expectations. Their index rose to 44, indicating a brighter outlook for the new single-family home market in 2024. However, challenges remain. Builders anticipate increased construction costs and potential material shortages, along with limitations on available land. While mortgage rates have ticked up slightly recently, they're still … (2 comments)

houston real estate boss: Houston and its surrounding areas dominate the list of the most walkable cities in Texas - 02/19/24 07:54 AM
Houston and its surrounding areas dominate the list of the most walkable cities in TexasHouston and its surrounding areas dominate the list of the most walkable cities in Texas, a surprising revelation for many. Redfin's latest ranking of the top 10 walkable cities in the Lone Star State highlights four neighboring locations along with Galveston as having the highest walkability scores.
Redfin calculates a "walk score" ranging from 0 to 100, aiding individuals in finding areas conducive to pedestrian navigation by analyzing various factors like proximity to amenities, population density, block length, and intersection density.
Though these Texas cities rank high within the … (2 comments)

houston real estate boss: Sorella, this upcoming community sprawls across 238 acres - 02/19/24 07:31 AM
Sorella, this upcoming community sprawls across 238 acres
A new development near Cypress is poised to introduce 838 new homes along the FM 2920 corridor.
Known as Sorella, this upcoming community sprawls across 238 acres near Mueschke Road and is gearing up for home sales this spring, with prices starting as low as $300,000.
The collaboration between M/I Homes and Johnson Development Services, announced in 2021, has brought forth this new community. Sorella's debut phase will include 278 homes, featuring single-family designs ranging from 1,295 to 2,825 square feet under M/I Homes' Smart Series.
With suburban areas in the vicinity witnessing continuous expansion, developers … (1 comments)

houston real estate boss: Here are some of the top restaurant picks for Valentine's Day 2024 - 01/22/24 08:38 PM
Here are some of the top restaurant picks for Valentine's Day 2024
… (1 comments)

houston real estate boss: Houston Real Estate Market Update! December 2023 - 01/18/24 09:45 AM
Houston Real Estate Market Update!December 2023
Did you know that the Months Supply of Inventory in Houston is currently at 2.87 months? That's great news for buyers as it indicates a balanced market! 📉 But hold on, over the last 12 months, the Months Supply of Inventory has increased by a whopping 25.88%! 📈
 List to Sold Price 
Here's a stat you'll love! The List to Sold Price percentage in Houston is an impressive 97.3%! 💯 This means that sellers are receiving a high percentage of their asking price, giving them confidence in the market. 
Median Days on Market 
Looking to sell your Houston property quickly? … (1 comments)

houston real estate boss: Nonprofit Capital Good Fund Is Providing Solar Loans To Low And Middle-Income Residents In Houston - 01/17/24 10:10 AM
Nonprofit Capital Good Fund Is Providing Solar Loans To Low And Middle-Income Residents In Houston
Nonprofit Capital Good Fund is providing solar loans to low and middle-income residents in Houston, addressing barriers like credit scores. The organization aims to make solar technology accessible, especially in Texas due to extreme heat, sunlight, blackout risks, and rising energy prices. The program offers 25-year loans with flexible interest rates and no prepayment penalty. The initiative targets households with incomes up to 120% of the area median income.
 
Capital Good Fund has expanded its solar lending efforts to Texas, offering subsidies and grants. Challenges include high-interest rates, … (0 comments)

houston real estate boss: Tax Breaks for Houston High-rise Office Conversion To Residential - 01/12/24 06:09 AM
Tax Breaks for Houston High-rise Office Conversion To Residential
Houston has a lot of empty office buildings, and city leaders want to turn them into homes. A company called AECOM suggested a plan to give tax breaks to encourage this change. Right now, 25% of offices in downtown Houston are empty.
The city already gives money to developers who build apartments in downtown through a program called the Downtown Living Initiative. They can get up to $15,000 in tax rebates for each apartment. But changing offices into homes is a bit trickier.
AECOM came up with two ideas for tax incentives. One idea is … (1 comments)

houston real estate boss: Need A Job?   Come to Houston - 01/12/24 05:37 AM
Need A Job?   Come to Houston
More and more people are finding work here compared to the rest of the country. In November, there were 3% more job opportunities in Texas than the same time last year, way better than the national average of 1.8%.
 
Houston is expected to add around 60,000 new jobs in 2024. Patrick Jankowski, who's good at figuring out job stuff, thinks the job market will keep growing, just not as fast as before. Last year, he predicted we'd add between 60,000 and 80,000 jobs, and it looks like we're going to be around 70,000-72,000 jobs. He also said … (0 comments)

houston real estate boss:  Navigating Divorce and Real Estate - 01/11/24 03:10 PM
 Navigating Divorce and Real Estate 
Divorce is undoubtedly a challenging and emotionally charged process. I understand the need for precision, efficiency, and a strategic approach, especially when it comes to selling your home amid such a significant life change. Here are some tips to help individuals going through divorce seamlessly navigate the real estate market while maintaining control and focus.
 
Set Clear Objectives:
Before embarking on the journey of selling your home during a divorce, it's crucial to define your goals clearly. Whether it's achieving a quick sale, maximizing profits, or minimizing stress, having a set of well-defined objectives will guide your decisions and … (1 comments)

houston real estate boss: Houston's Inner Loop Is Set To Welcome The Pinnacle Of Luxury Living - 12/19/23 06:33 AM
 Houston's Inner Loop Is Set ToWelcome The Pinnacle Of Luxury Living
Houston's Inner Loop is set to welcome a new pinnacle of luxury living with the announcement of The St. Regis Residences, Houston, a 35-story high-rise development by Satya and Marriott International. Boasting a coveted location along Buffalo Bayou in Asbury Place, the project promises unobstructed views of River Oaks, Memorial Park, and downtown Houston. With groundbreaking expected in 2025 and completion slated for Q4 2027, this exclusive residence will offer a host of amenities, including private access to the Buffalo Bayou Trail, a pool, fitness center, and personalized services such as … (0 comments)

houston real estate boss: Houston MacGregor Park To Undergo a $54M Transformation - 12/18/23 07:22 AM
 Houston MacGregor Park To Undergo a $54M Transformation
 Steeped in history, MacGregor Park has been immortalized in hip-hop songs, with references spanning three decades. Initially recognized as "the place to be" by an L.A. Rapper in 1985, and later hailed as "the sweetest park" by Fat Tony in 2015, MacGregor Park now stands at the brink of its centennial, prompting discussions not only about its storied past but also about the future it will embrace.
 
In a significant move, the Houston City Council recently approved a monumental proposal for the park's renovation, backed by a generous $27 million contribution from the Kinder Foundation. … (0 comments)

houston real estate boss: Luxurious Mini-Ranches Are Being Developed in Gates Crossing - 12/18/23 06:20 AM
Luxurious Mini-Ranches Are Being Developed in Gates Crossing
A1,899-acre gated community northwest of Houston. Once home to Amos Gates, a key figure among Texas's early settlers, this historic site in Washington County is undergoing transformation by Houston's Frankel Design Build and U.S. Capital Advisors. With lots ranging from 14 to 160 acres, the community offers turnkey solutions, including infrastructure, design, and additional services.
Presales are underway, featuring prices from $600,000 to $4.8 million. The first residents are expected to move in by early 2025, enjoying exclusive access to a 600-acre preserve along the Brazos River. Gates Crossing blends luxury living with historical … (0 comments)

houston real estate boss: Houston's Housing Market Saw a Modest Uptick In New Listings - 11/28/23 10:01 AM
Houston's Housing Market Saw a Modest Uptick In New Listings
Houston's housing market saw a modest uptick in new listings last week, but it wasn't enough to offset declines in pending sales and closings.
New listings on the Multiple Listing Service (MLS) increased by 6.9% during the week ending November 20, according to the Weekly Activity Snapshot from the Houston Association of REALTORS®. However, pending listings fell by 3% year-over-year, while closings dropped by 5.3%.
Despite the decline in sales, consumer interest remained strong. Traffic at property showings increased by 4% compared to the same week last year.
The increase in new listings is a … (2 comments)