Following a week of year-over-year declines, new listings in Houston recovered from the impacts of Hurricane Beryl during the week ended July 22. The post New listings rebound in Houston appeared first on Houston Agent Magazine ..read more

Madrid will lead expansion of the company’s national builder joint-venture division. The post OneTrust Home Loans names Christine Madrid as SVP appeared first on Houston Agent Magazine ..read more

Model homes are open and sales are underway at The Trails, a new-home community situated along the Grand Parkway at Plum Grove Road. Chesmar Homes, Coventry Homes, Lennar, Village Builders and Westin Homes opened a total of seven model homes in the community. The models are open daily for tours. “The response to The Trails has been incredibly positive,” Tiffany McMillan, vice president of asset management for Castle Hill Partners, said in a press release. “Families are excited about the community’s unique combination of modern home designs, planned amenities and extensive natural spaces, all m ..read more

It’s still a strong sellers’ housing market, but optimism about increased buyer and seller traffic remains muted, the REALTORS® Confidence Index shows. The index from the National Association of REALTORS® (NAR) said days on the market are down, nearly one-third of homes are selling above list price, and sellers on average are receiving 2.9 offers for their homes. The June index said 29% of homes sold for above list price, which is in the same range as 30% the previous month and 33% in June 2023. Median days on the market was 22, down from 24 the previous month. Another sign of a robust sellers ..read more

More housing inventory and lower interest rates are on the horizon, which should give the real estate industry a jolt, Lawrence Yun, chief economist for the National Association of REALTORS® (NAR), said this week. Specifically, Yun expects a pre-election interest rate cut this fall — the first of six to eight rounds. So, what does this mean in the coming months? New and existing home sales Speaking at NAR’s Real Estate Forecast Summit on June 22, Yun stated that both existing- and new-home sales are both hovering around last year’s levels. But when you compare the numbers to pre-COVID data, ne ..read more

Even as greater Houston home sales increased 2.7% year over year, local inventory jumped 40.8% in June, according to the RE/MAX National Housing Report. Houston registered the third-highest number of closed transactions last month, with 7,518 homes sold compared to 7,322 in June 2023. Despite increased sales activity, inventory skyrocketed during the month thanks to a healthy influx of new listings. Realtors added 14,741 properties to the MLS in June, the second-highest amount behind New York, where over 15,000 properties were added to the market. A year prior, Houston Realtors added 13,023 pr ..read more

The average lease price for a Houston single-family rental reached a record high of $2,373 in June — a 1.3% increase year over year — according to the latest Rental Market Update from the Houston Association of REALTORS® (HAR). As prices reached all-time highs, the number of leased listings also rose 3.1% annually, with 4,358 leases signed compared to 4,225 in June 2023. Meanwhile, 6,698 new listings joined the rental market, an 8.5% increase year over year. “Houston’s rental market was a bright spot in the housing market as home sales slowed in June,” HAR Chair Thomas Mouton said in the repor ..read more

Several Houston-area builders and developers earned awards at the Pacific Coast Builder Conference (PCBC) Golden Nugget Awards, which were held last month at the Anaheim Convention Center in California. Among the top Houston-area award winners was Highland Homes, which won Best Single-Family Detached Home — 4,000 to 7,500 Square Feet for The Marcello at Fields Brookside in Frisco. Meristem Communities also took home a Golden Nugget award for Best On-the-Boards Site Plan for Indigo in Richmond. Additionally, The NRP Group ended the night with an Award of Merit, PCBC’s honorable mention award, f ..read more

Meadow Park, a new-home community from First America Homes, is now open in Conroe. Located at the intersection of Hwy 105 and Willis Waukegan, Meadow Park is zoned to Conroe Independent School District. The community features homes sized from 1,364 to 2,416 square feet with upgrades that include island kitchens and covered porches. Homes are priced from the $220,000s. “Meadow Park is the perfect community for first-time buyers and growing households,” Derrick Carlson, vice president of sales for First America Homes, said in a press release. “[It] offers residents quiet living in an area surrou ..read more

Thu-Lynn “TL” Nguyen joined Cornerstone Capital Bank and will serve as the company’s vice president of marketing. Nguyen formerly served as vice president of marketing for InterLinc Mortgage. Nguyen has 15 years of experience in the mortgage lending industry and has been recognized as a HousingWire Rising Star and a Houston Business Journal Woman on the Move. She’s also a member and panel speaker for the National Association of Minority Mortgage Bankers of America. “We’re thrilled to welcome TL to the Cornerstone family,” Kelly Zitlow, executive vice president of sales and marketing for Corner ..read more