Houston Real Estate Blogosphere
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Property Management

The most recently published posts in the Property Management category
Many former home owners displaced by foreclosure are being left with no other option but to rent. They’re increasingly turning to renting single-family homes, which is the fastest growing segment of the rental market, according to Fannie Mae research.Three million former home owners from the foreclosure crisis will likely rent single-family homes by 2015, according to estimates by John Burns Real ...
Read Post [Posted on 07/30/2014 By John Askins]
As the number of foreclosed homes dries up in some markets, some investors are looking elsewhere for properties to turn into rentals. With the rental market still strong, some investors are either buying finished single-family homes that they can use as rentals or even developing vacant lots to turn into rentals from the ground up, The Wall Street Journal reports.  Last year, 5.8 percent of ...
Read Post [Posted on 07/29/2014 By John Askins]
 Houston a top market for residential real estate investingEnlarge PhotoPeter HansenHouston’s healthy job market and relatively affordable home prices have landed the city on a list of the best markets in which to buy a single-family home as a rental property."" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" style="margin: 0px; padding: 0px; outline: 0px; border: 0px cur...
Read Post [Posted on 07/24/2014 By Rina Camhi]
Five to six million new renter households may be created within the next 8 years, caused from low inventories of homes available and tight credit conditions, according to the Bipartisan Policy Center. Rental demand is expected to particularly increase among seniors looking to downsize their homes, as well as young adults and a growing immigrant population. “We expect to see an increase in househol...
Read Post [Posted on 07/23/2014 By John Askins]
Texas Governor Rick Perry has directed the Texas Land Office to be the lead agency for the management of the state's hurricane recovery efforts.The land office, which is responsible for managing public lands, administers U.S. Department of Housing and Urban Development grants to disaster areas, bringing more accountability to the state's hurricane relief efforts.During hurricanes ...
Read Post [Posted on 07/21/2014 By John Askins]
When a Walmart comes to town, critics have long argued that the big-box discount retailer has the potential to lower nearby home values. Researchers decided to test that theory to see if there really is a “Walmart Effect” when it comes to home values. What they found: Nearby Walmart stores can actually drive up home prices. Economists Devin Pope at University of Chicago and Jaren Pope at Brigham Y...
Read Post [Posted on 07/13/2014 By John Askins]
The commercial real estate outlook in Texas continues to look bright, with modest gains in leasing, rents, and pricing forecasted in PwC US and the Urban Land Institute’s latest report, “Emerging Trends in Real Estate.”The commercial market is moving forward “bit by bit,” says Stephen Blank, ULI’s senior resident fellow for real estate finance. “Nothing indicates a quick turnaround for commercial ...
Read Post [Posted on 07/08/2014 By John Askins]
More lenders are allowing home owners in default to stay-put in their homes longer--and even negotiating special arrangements with them, such as the lender paying the home insurance if the home owner pays the utility costs, The New York Times reports.  Why the postponement? Banks don’t want the cost of maintaining more homes on their books. Many municipalities are forcing banks to better mai...
Read Post [Posted on 07/06/2014 By John Askins]
Despite continued rental demand and apartment construction boom, a report from UCLA’s Ziman Center for Real Estate suggests that the increase in apartment construction likely only has another year before it starts waning. Previously falling home prices and a rise in foreclosures caused demand in the single-family housing market to shrink in recent years while demand for rental units soared. T...
Read Post [Posted on 06/28/2014 By John Askins]
More home owners who are afraid that they won't be able to afford getting back into a certain hot market if they sold today, are opting to rent out their homes. But some “accidental landlords” are now having regrets.  The number of formerly owned-occupied homes turned into rentals has soared in recent years, according to Harvard's Joint Center for Housing Studies. Nearly 25 percent...
Read Post [Posted on 06/25/2014 By John Askins]
As it continues to boost its Houston-area presence, Chevron Corp. has signed an agreement to buy 103 acres off the Grand Parkway and Clay Road in Katy. The land  gives the company “future research and development facilities flexibility,” spokesman Justin Higgs said. “No specific use or employee decisions have been made,”  he added. The deal cements Chevron’s commitment to...
Read Post [Posted on 06/12/2014 By John Askins]
Exxon Mobil Corp. has sold a Greenspoint office building to a joint venture between Stream Realty Partners and New York-based AllianceBernstein U.S. Real Estate Partners. The building, Eight Greenspoint Plaza, contains 198,257 square feet, and the new owner will lease the building back to Exxon Mobil for a time. Stream declined to say how long the company...
Read Post [Posted on 06/08/2014 By John Askins]
With explosive job and population growth in the area north of Houston, a $100 million medical facility will be developed near the Exxon Mobil campus.CHI St. Luke's Health has announced it will develop a $110 million medical facility near the Exxon Mobil campus and just south of its hospital in The Woodlands, a testament to the explosive job and population growth in Houston. ...
Read Post [Posted on 06/07/2014 By John Askins]
Transwestern has been hired to market a 203,316-square-foot office building to be developed at Mid Main, a mixed-use project slated for a burgeoning site along the light rail line in Midtown Houston. Once tenants are secured, the project will break ground at 3501 Main, Transwestern announced. The building, which will include a 545-space parking garage with 9,716 square feet of ...
Read Post [Posted on 06/04/2014 By John Askins]
A study from Biz2Credit.com has ranked Houston at No. 15 in its 2014 list of The 25 Best Small Business Cities in America report. Biz2Credit used average annual revenue, credit score and age of business to create an index of the 100 largest metropolitan statistical areas. Houston beat out other Texas cities in the overall ranking, but lost out to Dallas — No. 18 — in average annual r...
Read Post [Posted on 06/03/2014 By John Askins]
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