New Homes in Houston TX by Long Lake

Nationwide Homeownership Still Lagging but Not in Houston

The year 2013 is an exciting year for the real estate market, as it has experienced both ups and downs. New records are being set and old ones are being broken. Some things occurred for the good and some things did not have that great an effect on the entire market in general. Considering the homeownership situation, it has been …

New Homes in Houston TX by Long Lake

The Bulldozer Craze is Raging throughout Houston: What’s Building Will Go Down Next?

Teardowns are common in the residential real estate market, particularly in communities like Bellaire, the Heights and the West University Palace. The houses are completely demolished and replaced by better and bigger structures. What was now just being witnessed in the residential real estate sector, is also moving towards the commercial sector at a rapid pace.

New Homes in Houston TX by Long Lake

Naked Window Exteriors are Out!

On the “what’s in and what’s out” list for homeowners, naked window exteriors are definitely out. Easy-to-install decorative accents like mouldings, window crossheads and shutters are now trending for homeowners across the country. “With so many options for enhancing window exteriors using lightweight polyurethane products, even the most novice do-it-yourselfer can change a window exterior from boring to beautiful in …

New Homes in Houston TX by Long Lake

The Business State – Texas

Texas is the only state where the job market continues to grow and expand.  A number of cities in the state, including Houston and Austin, have seen a substantial increase in new jobs.  The energy sector can be attributed to the job growth in Houston, while the technology sector can be attributed to the job growth and Austin.  The large …

New Homes in Houston TX by Long Lake

Houston has a Booming Job Market

Houston’s job market continues to grow, and it’s doing it at a very rapid pace.  The Energy Sector in Houston is a large contributor to the job market.  The Medical Center and the Port of Houston also contribute to the Houston economy.  Walter Page, director of office research at Property and Portfolio Research in Boston said, “Houston is clearly a …

New Homes in Houston TX by Long Lake

Texas Housing Market Poised for Growth

According to a report from the Dallas Federal Reserve, the steady arrival of out-of-state transplants, along with the stronger than average employment growth, should keep the housing and apartment sectors in Texas going strong. Using data from the Census Bureau, D’Ann Petersen and Christina Daly, authors of the report, stated that Texas is the number one state for domestic in-migration.  …

New Homes in Houston TX by Long Lake

Citigroup Required to Pay $968 Million to Fannie Mae

Citigroup Inc. is required to pay $968 million to compensate the taxpayer-backed mortgage buyer, Fannie Mae, for over a decade of claims linked to faulty home loans.  In a recent statement Citigroup said that the agreement includes 3.7 million mortgages originated from 2000 to 2012 that were sold to Fannie Mae.  Even though payments are covered by existing reserves, Citigroup …

New Homes in Houston TX by Long Lake

Renovation Projects That Don’t Increase Value

A new bathroom or roof can add value to your home, but will not increase the value of your home.  A recent analysis by Remodeling Magazine and the National Association of Realtors (NAR) found that 35 upgrades will not increase your home’s value enough to cover the projects average price.  Judy Moore, a Boston real estate agent and NAR board …