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Harris County, TX Real Estate News

By inboundREM Market Updates
(InboundREM)
Katy, Texas, a vibrant suburb located just 30 miles west of downtown Houston, embodies the perfect blend of urban convenience and suburban tranquility. As part of the larger Houston-The Woodlands-Sugar Land metropolitan area, Katy offers a unique lifestyle that is both connected and distinct from the hustle of city life. This blog post delves deep into the world of master-planned communities in Katy, TX, showcasing why they are not just residences but gateways to a planned and fulfilling lifestyle.Katy master planned communities are renowned for their meticulous design and comprehensive amenities, which cater to the needs and aspirations of their residents. From lush green parks to state-of-the-art security features, these communities provide an all-in-one living solution that promises ...
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By Leslie Don Wilson, REALTOR ABR ALHS CIPS CRS GREEN GRI MCNE SFR SRE
(281-804-2291)
Houston Bark Park - Dog Park
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By Leslie Don Wilson, REALTOR ABR ALHS CIPS CRS GREEN GRI MCNE SFR SRE
(281-804-2291)
Luxury Condos Coming to Rice Village: The ChaucerRice 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 lifestyle, The Chaucer will appeal to a variety of residents. From busy medical professionals to those looking to downsize from a large home to a lock-and-leave op...
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By Leslie Don Wilson, REALTOR ABR ALHS CIPS CRS GREEN GRI MCNE SFR SRE
(281-804-2291)
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 entertainment district. One rice dryer, JV Cardiff and Sons, is already being converted into a mixed-use space with a beer garden. On Harrisburg Street in Houston's East End, warehouses are being renov...
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By Leslie Don Wilson, REALTOR ABR ALHS CIPS CRS GREEN GRI MCNE SFR SRE
(281-804-2291)
Houston Embraces High-Rise Living: A Legacy and a New ChapterHouston, 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 residences cater to those seeking a vibrant city lifestyle, wi...
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By Leslie Don Wilson, REALTOR ABR ALHS CIPS CRS GREEN GRI MCNE SFR SRE
(281-804-2291)
Houston's Empty Hilton to Get a $40 Million MakeoverThe 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 new apartments should be ready by September 2025. National Trend:Houston isn't alone in this trend. Across the country, many off...
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By Leslie Don Wilson, REALTOR ABR ALHS CIPS CRS GREEN GRI MCNE SFR SRE
(281-804-2291)
Houston Downtown: A Thriving DestinationHouston'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, offering a combined 275 rooms under the Holiday Inn Express and Staybridge Sui...
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By Leslie Don Wilson, REALTOR ABR ALHS CIPS CRS GREEN GRI MCNE SFR SRE
(281-804-2291)
Texas Ranks High for Luxury Tiny Homes, Offers Opportunity and Investment ConsiderationsA 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), Texas offers potential financial advantages for tiny home ownership. The report ranked Texas 15th nationally for return on investment (ROI) in tin...
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By Leslie Don Wilson, REALTOR ABR ALHS CIPS CRS GREEN GRI MCNE SFR SRE
(281-804-2291)
Houston on Two Wheels: Top Spots to Explore by BikeHouston's reputation as a car-centric city is rapidly changing. Thanks to a growing network of bike lanes and dedicated trails, cycling has become a fun and viable way to explore the Bayou City. Whether you're a seasoned cyclist or a curious newcomer, Houston offers a variety of routes to suit your skill level and interests.Urban Adventure: Greater East End & Harrisburg Hike and Bike Trail: Discover Houston's East End with its vibrant murals and revitalized streets. The Harrisburg Trail, a converted railway line, offers a safe and scenic path through the neighborhood. Downtown & White Oak Bayou Trail: Explore Houston's bustling core with ease. Dedicated bike lanes lead you past Discovery Green and iconic landmarks, while the White Oak B...
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By Leslie Don Wilson, REALTOR ABR ALHS CIPS CRS GREEN GRI MCNE SFR SRE
(281-804-2291)
Home Builder Expands in Booming Texas MarketTaylor Morrison Homes of Texas, a major U.S. home builder, has secured a large plot of land for new development. They purchased 165.7 acres near Houston, strategically located close to a major highway and a planned community.This acquisition reflects the ongoing strength of the Texas housing market, especially in the Houston area. Texas has been a popular destination for people relocating from other states, fueling demand for new homes.Meeting the Demand"We're excited to expand in this high-growth market," said a Taylor Morrison representative. Their new development will feature modern farmhouse designs, catering to current trends in home-buyer preferences. They'll offer flexible living spaces and two-story homes with downstairs bedrooms, popu...
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By Leslie Don Wilson, REALTOR ABR ALHS CIPS CRS GREEN GRI MCNE SFR SRE
(281-804-2291)
Houston Revs Up for Transportation TransformationHouston, the nation's fourth-largest city, is tackling its growing pains head-on with a series of transformative transportation projects. These initiatives aim to ease congestion, improve infrastructure, and prepare the city for its booming population.Addressing Traffic Woes I-69 Southwest/610 West Loop Interchange: This six-year project nearing completion will revamp a major traffic chokepoint. It involves reconstructing lanes on both highways and expanding connectors to improve flow. I-45 Downtown Houston: The North Houston Highway Improvement Project (NHHIP) is a massive undertaking set to unfold in phases. This year, expect drainage work to kick off for a downtown I-45 expansion. The entire project will ultimately reroute and reconstr...
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By Leslie Don Wilson, REALTOR ABR ALHS CIPS CRS GREEN GRI MCNE SFR SRE
(281-804-2291)
Houston Housing Market Sees Sales Dip in 2023, But Eyes Recovery in 2024The 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 a smaller decline in sales, with December numbers dropping 7% year-over-year. However, average and median prices experienced a rise of...
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By Leslie Don Wilson, REALTOR ABR ALHS CIPS CRS GREEN GRI MCNE SFR SRE
(281-804-2291)
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 significantly lower than last year's highs. Currently, 30-year fixed rates are around 6...
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By Leslie Don Wilson, REALTOR ABR ALHS CIPS CRS GREEN GRI MCNE SFR SRE
(281-804-2291)
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 state, their scores pale in comparison to cities like New York and San Francisco, which boast scores in the high 80s....
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By Leslie Don Wilson, REALTOR ABR ALHS CIPS CRS GREEN GRI MCNE SFR SRE
(281-804-2291)
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 are actively unveiling new housing projects. Johnson Development Services President Michael Cox expressed optimism a...
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By Leslie Don Wilson, REALTOR ABR ALHS CIPS CRS GREEN GRI MCNE SFR SRE
(281-804-2291)
Houston Area Dog Parks Mapped  
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Harris County, TX Real Estate Professionals