HOUSING & REAL ESTATE
The gap between the median sales price of homes sold and the purchasing power of the median renter surpassed $135,000 in Harris County in 2021. (Courtesy Adobe Stock)
Report: Affordability gap growing in Houston, Harris County
Located near the intersection of Atascocita Road and Timber Forest Drive, Eagle Springs comprises 4,005 single-family homes and is zoned to Humble ISD. (Ronald Winters/Community Impact Newspaper)
Check out June's featured neighborhood in the Lake Houston area: Eagle Springs, 77346
Located near the intersection of Louetta and Old Louetta roads, Estates at Windrush comprises 86 single-family homes and is zoned to Klein ISD. (Ronald Winters/Community Impact Newspaper)
Check out June's featured neighborhood in Spring, Klein: Estates at Windrush, 77379
David Ramos, executive director of the Harris County Office of Management and Budget, explains the exemption increase in Commissioners Court on June 14. (Screenshot courtesy of Harris County Commissioners Court)
Harris County commissioners approve higher property tax exemption for seniors, residents with disabilities
Construction is underway for Wingspan, the first build-to-rent neighborhood in Bridgeland. (Rendering courtesy The Howard Hughes Corp.)
Bridgeland breaks ground on build-to-rent neighborhood in Cypress
Homes in seven ZIP codes in The Woodlands increased in value in May 2022. (Andrew Christman/Community Impact Newspaper)
97 homes worth $1M or higher sold in The Woodlands area in May 2022
At its June 20 meeting, the Jersey Village City Council unanimously approved raising the residential homestead exemption from 14% to 20% of the appraised value. (Courtesy Fotolia)
Jersey Village City Council increases residential homestead exemption to 20%
Office vacancies reach 17.2% in The Woodlands area as of June commercial real estate report
Bold Fox Development will begin construction of La Segarra—a 215-acre, Spanish-inspired community—in about 18 months. (Courtesy Pexels)
215-acre Brookshire community La Segarra to begin construction in 2024
Artist renderings of the townhomes highlight modern design features. (Rendering courtesy The Howard Hughes Corp, and Highland Homes)
The Howard Hughes Corp. announces townhome plans for Bridgeland Central
Property values spike across The Woodlands area in 2022
A River Oaks home in Houston for rent at 5,219 square feet. Rental of single-family homes across Greater Houston jumped 25% in May. (Courtesy Houston Association of Realtors)
HAR: Single-family rentals jumped 25% year over year in May
Greenwood at Katy will finish construction on its last building June 15. Aside from conventional units, the apartment community offers designated housing for Katy's critical workforce, which includes teachers and first responders. (Courtesy Greenwood at Katy)
Greenwood at Katy apartment community to finalize construction in June
During a June 8 meeting, Houston City Council approved an ordinance that increases the property tax exemption from $160,000 to $260,000 for city residents who are age 65 or older and certain residents with disabilities. (Courtesy Adobe Stock)
Houston increases property tax exemption amount for disabled residents, seniors
Houston's median single-family home value has risen 16% since last May and is now the highest on record at $351,000. (Courtesy Houston Association of Realtors)
HAR: Houston home values continue to climb despite a slowdown in property sales
The tax cut sits at 12% and would be increased to 13%, going into effect for the 2022 tax year. (Beth Marshall/Community Impact Newspaper)
Sugar Land approved homestead exemption increase
Learn about Wilderness Trails, June's featured neighborhood
Occupancy rates in Cy-Fair’s office and retail sectors have remained relatively steady year over year while the industrial vacancy rate is less than half of what it was in the second quarter of 2021. (Courtesy Canva)
See how Cy-Fair’s commercial real estate sector performed in May
Occupancy rates increased year over year for office, industrial and retail properties. (Courtesy Adobe Stock)
Real estate at a glance: Vacancy down year over year for commercial real estate in Tomball, Magnolia