Houston Real Estate | Houston Real Estate News | Houston Realtors
2M Realty is your has over 20-years experience in all aspects of the Houston real estate market. Whether you are buying, selling, renting or leasing property in Houston, we are knowledgeable Houston Realtors you can rely upon.
Search the Houston MLS to view over 50,000 Houston Properties for sale or lease. Find homes for sale, condominiums, townhomes, high rises, and homes for rent. Locate and research Houston commercial property, including retail centers, office buildings, industrial sites, warehouse space, commercial pad sites and other Houston land for sale.
The greater Houston Texas real estate market includes surrounding cities such as Baytown, Sugar Land, Galveston, Richmond, Katy, Missouri City, Pasadena, Kingwoood, Tomball, Cypress and the Conroe real estate market, as well as all areas encompassed by Harris County and the nine adjacent Texas Counties.
Data from the Commerce Department this week showed a sense of hesitancy in the home construction market, as both building permits and housing starts fell off sharply.
The report found that housing starts fell more than 22 percent in February compared to the previous month, falling to a seasonally adjusted annual rate of 479,000 homes. That number was the second lowest since the government began tracking it.
Building permits - an indicator of future demand - also slid sharply, dropping 8.2 percent from the previous month to a new record low.
"In an already-fragile market where credit for building and buying homes remains extremely tight, additional concerns about energy costs, interest rates and other factors are contributing to an atmosphere in which many have adopted a very cautious stance," said Bob Nielsen, chairman of the National Association of Home Builders.
However, new homes in the Houston real estate market have performed far better than in other parts of the country. According to Metrostudy, starts of new Houston homes increased last year following three straight drops, but a higher level of sales led to a roughly balanced inventory.
Downtown Houston real estate bustles with activityActivity in the downtown Houston real estate market surged in recent years as demand from younger residents wanting to be close to nightlife and business centers remains elevated.November 29th, 2012 9:40am