for lease in houston, detail 2017

Houston's lease market had a mixed performance in December. Single-family home leases fell 3.6 percent and townhome/condominium leases rose 7.3 percent. The average rent for single-family homes increased 3.3 percent to $1,745, while the average rent for townhomes/condominiums rose 2.4 percent to $1,532.

Houston Real Estate Highlights for December and Full-Year 2017

• Despite the devastation caused by Hurricane Harvey, 2017 proved to be a record year for Houston home sales with 79,117 single-family homes sold versus 76,450 in 2016, the last record-setting year. That represents an increase of 3.5 percent;
• Total dollar volume for single-family homes in 2017 rose 6.5 percent to $23 billion;
• December single-family home sales climbed 4.1 percent year-over-year with 6,875 units sold;
• Total December property sales increased 3.5 percent to 8,125 units;
• Total dollar volume for December increased 2.8 percent to $2.3 billion;
• At $230,000, the single-family home median price rose 1.7 percent to a December high;
• The single-family home average price declined 0.6 percent to $292,174;
• Single-family homes months of inventory declined slightly to a 3.2-months supply;
• Townhome/condominium sales rose 3.2 percent, with the average price down 5.5 percent to $199,197 and the median price down 9.3 percent to $158,250;
• Leases of single-family homes fell 3.6 percent with average rent up 3.3 percent to $1,745;
• Leases of townhomes/condominiums climbed 7.3 percent with average rent up 2.4 percent to $1,532.

Houston Housing Market- for rent, for sale houston

As 2017 began, the high end of the Houston real estate market was showing welcomed signs of recovery from the effects of the weakened energy sector, and inventory levels in all housing categories finally began to rise. Strong employment numbers translated to an influx of home buyers and renters to the Houston area from across the country and around the world. However, Harvey’s late August rampage interrupted hiring and forced those whose homes and apartments were damaged or destroyed to seek immediate housing anywhere they could, causing inventory to shrink.

Fortunately, the setbacks resulting from this historic weather catastrophe were much shorter-lived than anticipated. By the end of September – just four weeks after Harvey hit – the “Houston Strong” housing market saw home sales rebound and the greatest rental activity of all time. The positive momentum continued through the final months of 2017.

By the end of December, a record 79,117 single-family homes had sold. That represents an increase of 3.5 percent from the previous record of 76,450 in 2016.

On a year-to-date basis, the average price rose 2.9 percent to $291,340 while the median price increased 3.8 percent to $229,900. Total dollar volume for full-year 2017 jumped 6.5 percent to $23 billion.

The strongest one-month sales volume of 2017 was recorded in June with 8,362 single-family homes sold. By contrast, the lightest one-month sales volume took place in January with 4,104 sales.

Houston House Market, for rent,buy houston

HOUSTON — (January 10, 2018) — Despite the devastating assault that Hurricane Harvey waged on the greater Houston area last summer – from which many property owners are still recovering – the Houston real estate market set new records by the time the sun set on 2017. Single-family home sales for the full year rose 3.5 percent compared to 2016, the previous record year. However, as 2018 gets underway, the supply of housing remains constrained. Inventory had begun to reach more balanced levels when Harvey’s widespread flooding sent affected residents scrambling for whatever undamaged rental and sales homes were available to provide safe shelter for themselves and their families.

According to the latest report produced by the Houston Association of Realtors (HAR), sales of all property types in 2017 totaled 94,726 units, a 3.5-percent increase over 2016’s volume, which was 91,530. Total dollar volume for single-family homes sold in 2017 rose 6.5 percent to $23 billion.

"No one could ever have imagined 2017 turning out to be a record-setting year for the Houston real estate market, which had weathered the effects of the energy slump only to have Harvey strike such a devastating blow,” said HAR Chair Kenya Burrell-VanWormer with JP Morgan Chase. “We know that many are still working tirelessly to rebuild their lives after Harvey, but overall, this clearly illustrates the incredible resilience of the people and the economy of Houston, Texas. We also know that some neighborhoods are performing better than others, so it’s always advisable to consult a Realtor when thinking about buying or selling a home."

December single-family home sales rose 4.1 percent to 6,875 versus December 2016. The strongest sales performance took place among homes priced between $250,000 and $500,000. Total property sales for the month climbed 3.5 percent to 8,125.

The single-family home median price (the figure at which half of the homes sold for more and half sold for less) rose 1.7 percent to $230,000. That marks the highest median price ever for a December. The average price declined 0.6 percent to $292,174.

Houston, Texas

Houston (/ˈhjuːstən/ ( listen) HYOO-stən) is the most populous city in the U.S. state of Texas and the fourth-most populous city in the United States, with a census-estimated 2016 population of 2.303 million[2] within a land area of 599.59 square miles (1,552.9 km2).[7] It is also the largest city in the Southern United States,[8] and the seat of Harris County. Located in Southeast Texas near the Gulf of Mexico, it is the principal city of the Greater Houston metro area, which is the fifth-most populated MSA in the United States.

Houston was founded on August 30, 1836, near the banks of Buffalo Bayou (now known as Allen's Landing)[9][10] and incorporated as a city on June 5, 1837. The city was named after former General Sam Houston, who was president of the Republic of Texas and had commanded and won at the Battle of San Jacinto 25 miles (40 km) east of where the city was established.[10] The burgeoning port and railroad industry, combined with oil discovery in 1901 and Houston's replacement of Galveston as Texas's primary port following a devastating hurricane, has induced continual surges in the city's population. In the mid-20th century, Houston became the home of the Texas Medical Center—the world's largest concentration of healthcare and research institutions—and NASA's Johnson Space Center, where the Mission Control Center is located.

Houston's economy has a broad industrial base in energy, manufacturing, aeronautics, and transportation. Leading in health care sectors and building oilfield equipment, Houston has the second most Fortune 500 headquarters of any U.S. municipality within its city limits (after New York City).[11][12] The Port of Houston ranks first in the United States in international waterborne tonnage handled and second in total cargo tonnage handled.[13] Nicknamed the "Space City", Houston is a global city, with strengths in business, international trade, entertainment, culture, media, fashion, science, sports, technology, education, medicine, and research. The city has a population from various ethnic and religious backgrounds and a large and growing international community. Houston is the most diverse city in Texas and has been described as the most racially and ethnically diverse major metropolis in the U.S.[14] It is home to many cultural institutions and exhibits, which attract more than 7 million visitors a year to the Museum District. Houston has an active visual and performing arts scene in the Theater District and offers year-round resident companies in all major performing arts.[15]

bitcoin sink sharply,, time to buy a house in houston

More than $200 billion has been wiped off the value of global cryptocurrencies at the peak of the recent sell-off, which extended into Wednesday morning.

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At around 7 a.m. London time on Tuesday, the total market capitalization or value of every digital coin stood at $653.8 billion, according to data from Coinmarketcap.com, a website that tracks the price of cryptocurrencies by taking into account the prices across different exchanges.

This was when the sell-off began to take hold. As the price of major cryptocurrencies including bitcoin, ethereum and ripple fell sharply, that market cap declined by Tuesday evening to a low of $450.5 billion. The market cap, and the price of some coins recovered slightly from that low, but are still significantly lower.

The sell-off appeared to be sparked by worries over tighter regulation in the key markets of South Korea and China.

Last week, South Korea's justice minister said that his ministry was preparing a bill that could ban trading via some cryptocurrency exchanges. Other ministers within the government later softened their stance.

On Tuesday, Reuters reported that the Chinese central bank urged authorities to ban the centralized trading of virtual currencies. 

apartment/house for rent or buy in houston report, november

HOUSTON — (November 8, 2017) — The Houston real estate market showed continued resiliency in the aftermath of Hurricane Harvey, with home sales and rentals in positive territory for a second consecutive month in October. However, the strong demand combined with flood-damaged homes previously pulled off the market, constrained housing inventory which had finally reached more balanced levels before the storm struck in late August.

According to the latest monthly report prepared by the Houston Association of Realtors (HAR), single-family home sales rose 7.5 percent, marking a further recovery since Harvey’s assault. All segments of the housing market experienced gains except for homes priced below $150,000. The greatest sales volume was observed among homes priced at $750,000 and above. On a year-to-date basis, home sales remain 2.8 percent ahead of 2016’s volume even as some flood-ravaged neighborhoods continue to rebuild.

Housing inventory edged up from a 3.8-months supply in October 2016 to 3.9 months this October. However, that is down from the 4.3-months peak reached in the weeks immediately preceding Harvey.

The single-family home median price (the figure at which half of the homes sold for more and half sold for less) increased 3.9 percent to $226,491. The average price rose 2.7 percent to $285,858. Both figures represent records highs for an October.

"The overall Houston real estate market wasted little time recovering from Hurricane Harvey's devastation, but we’d like to see supply grow to meet ongoing consumer demand for housing," said HAR Chair Cindy Hamann with Berkshire Hathaway HomeServices Anderson Properties. "Hopefully, more balanced inventory levels can be restored by early in the new year."

October sales of all property types in Houston totaled 7,614, an increase of 6.6 percent versus the same month last year. Total dollar volume climbed 10.8 percent to $2.1 billion.

Lease Property Update

Still propelled largely by consumers displaced from housing as a result of Harvey’s destruction, demand for lease properties across Houston remained strong in October. Single-family home leases rose 13.6 percent while townhome/condominium leases shot up 34.8 percent. The average rent for single-family homes was up 2.8 percent to $1,776 while the average rent for townhomes/condominiums increased 2.9 percent to $1,533.

October Monthly Market Comparison

Houston's monthly housing market indicators yielded positive readings across the board in October, with single-family home sales, total property sales, median and average pricing and total dollar volume all up versus October 2016.

Month-end pending sales for single-family homes totaled 7,201, up 20.0 percent compared to last year. Total active listings, or the total number of available properties, increased 6.7 percent from October 2016 to 39,692.

Single-family homes inventory edged up from a 3.8-months supply to 3.9 months, but is down from a pre-Harvey (July-August) peak of 4.3-months that dwindled as demand for undamaged and repaired homes outpaced supply. For perspective, housing inventory across the U.S. currently stands at a 4.2-months supply, according to the latest report from the National Association of Realtors (NAR).

Houston for rent/buy reports for month of August 2017

HOUSTON — (November 8, 2017) — The Houston real estate market showed continued resiliency in the aftermath of Hurricane Harvey, with home sales and rentals in positive territory for a second consecutive month in October. However, the strong demand combined with flood-damaged homes previously pulled off the market, constrained housing inventory which had finally reached more balanced levels before the storm struck in late August.

According to the latest monthly report prepared by the Houston Association of Realtors (HAR), single-family home sales rose 7.5 percent, marking a further recovery since Harvey’s assault. All segments of the housing market experienced gains except for homes priced below $150,000. The greatest sales volume was observed among homes priced at $750,000 and above. On a year-to-date basis, home sales remain 2.8 percent ahead of 2016’s volume even as some flood-ravaged neighborhoods continue to rebuild.

Housing inventory edged up from a 3.8-months supply in October 2016 to 3.9 months this October. However, that is down from the 4.3-months peak reached in the weeks immediately preceding Harvey.

The single-family home median price (the figure at which half of the homes sold for more and half sold for less) increased 3.9 percent to $226,491. The average price rose 2.7 percent to $285,858. Both figures represent records highs for an October.

"The overall Houston real estate market wasted little time recovering from Hurricane Harvey's devastation, but we’d like to see supply grow to meet ongoing consumer demand for housing," said HAR Chair Cindy Hamann with Berkshire Hathaway HomeServices Anderson Properties. "Hopefully, more balanced inventory levels can be restored by early in the new year."

October sales of all property types in Houston totaled 7,614, an increase of 6.6 percent versus the same month last year. Total dollar volume climbed 10.8 percent to $2.1 billion.

Apartment, Housing for rent-sale Month of August Report

HOUSTON PROPERTY SALES DECLINE FOR A SECOND CONSECUTIVE MONTH FOLLOWING EXPIRATION OF THE HOMEBUYER TAX CREDIT

The average price of a single-family home continues to appreciate, reaching its second highest level for an August in Houston

HOUSTON — (September 21, 2010) — A post-homebuyer tax credit calm prevailed across the greater Houston area for the second straight month in August, with property sales volume down, though not as dramatically as it was in July. Despite the decline, the average price of a single-family home continued to climb.

According to the latest monthly data compiled by the Houston Association of Realtors® (HAR), August sales of single-family homes throughout the Houston market fell 16.7 percent compared to August 2009. Declines were recorded in all pricing segments.

The average price of a single-family home rose 2.2 percent from August 2009 to $216,522. The August single-family home median price—the figure at which half of the homes sold for more and half sold for less—dipped 0.6 percent from one year earlier to $159,000.

Foreclosure property sales reported in the Multiple Listing Service (MLS) dipped 2.4 percent in August compared to one year earlier. The median price of August foreclosure sales slid 1.1 percent to $85,000 on a year-over-year basis.

Sales of all property types in Houston for August totaled 4,977, down 15.3 percent compared to August 2009. Total dollar volume for properties sold during the month was $1.0 billion versus $1.2 billion one year earlier, representing a 13.9 percent drop.

“Our traditionally busy summer home sales months were much quieter because of the early spring home buying push that resulted from the tax credit, but Houston is still healthier than most other real estate markets around the country,” said Margie Dorrance, HAR chair and principal at Keller Williams Realty Metropolitan. “It’s hard to predict how our market will perform this fall, however consumers that have cash for a down payment and excellent credit who are considering purchasing a home can take advantage of record low interest rates and a selection of housing that suits every need and taste.”

August Monthly Market Comparison

The month of August brought Houston’s overall housing market largely negative results when all listing categories are compared to August of 2009. Total property sales and total dollar volume fell on a year-over-year basis while the average single-family home sales price rose and the median price dipped.

The number of available properties, or active listings, at the end of August rose 19.7 percent from August 2009 to 55,079. That represents 168 fewer active listings than one month earlier, in July 2010 and suggests that inventory levels are moving into balance.

Month-end pending sales for August totaled 3,281, down 15.9 percent from last year, suggesting the likelihood that sales will be down again in September. The months inventory of single-family homes for August extended to 7.8 months compared to 6.4 months one year earlier, but remains healthier than the national months inventory of single-family homes of 12.5 months, reported by the National Association of Realtors® (NAR).

Houston Texas Thanks giving deal for rental properties

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Deadly mass shooting at Texas church

Yahoo News Photo Staff

Deadly mass shooting at Sutherland Springs, Texas, church

Carrie Matula hugs a woman who lost her father in a mass shooting at the First Baptist Church in Sutherland Springs, Texas, on Sunday, Nov. 5, 2017. Matula said she saw and heard everything as it happened from the gas station where she works just a block away. (Nick Wagner / American-Statesman via AP)

At least 26 people were killed and 30 injured in a Texas church shooting Sunday morning, law enforcement sources told ABC News.

The alleged shooter is dead, and it appears there is no longer an active threat at the First Baptist Church in Sutherland Springs, about 40 miles southeast of San Antonio, police told ABC News.

A person who said she works at a gas station across the street from the church told ABC News she heard rapid gunfire at around 11:15 a.m., leading congregants from the church as well as customers at the station to run inside for cover.

“We heard several shots and we all started running inside the store,” she said.

“It lasted about 15 seconds. I yelled, ‘Get down! Get inside!’ and we all went into hiding,” said the woman, who said she is 49 but declined to give her name.

She said the gas station locked its doors. “We have not reopened,” she said.

She then that within minutes of the gunfire, emergency personnel had arrived at the scene.

“There were officers that were checking the wounded in here were asking them questions,” she said.

The FBI and ATF were headedto the scene, and at least six people from the church were taken to Connally Memorial Center in nearby Floresville for treatment.

By Sunday afternoon, police had formed a perimeter around the white clapboard church and flooded its grounds with emergency and police vehicles, according to KSAT.

A small group of people were seen clustered together outside the church, an unassuming building with a red door. They were holding hands as tears overtook an attempt to pray, a KSAT reporter said.