2016 Houston Real Estate Defies Energy Slump

by Nicole Brende

Despite the slowdown that economists predicted as falling oil prices and resulting energy industry layoffs carried over from 2015, the Houston housing market held steady throughout 2016 and gained momentum in the final months of the year to set a new record for home sales. Homes priced at $500,000 and up, which experienced declining sales from August 2015 through October 2016 as a result of the energy slump, achieved an impressive turnaround with double-digit sales increases in November and December.

Full-year 2016 single family home sales totaled 76,449, according to the latest report produced by the Houston Association of Realtors (HAR). That represents an increase of 3.0 percent from 2015 and is 1.3 percent above the previous record of 75,470 homes sold in 2014. Total dollar volume for properties sold in 2016 rose 4.2 percent to $24.5 billion. Continue reading

ExxonMobil Spurs Growth: New Tomball & Klein ISD Schools + Master-Planned Communities

Northwest Houston is seeing incredible community growth. Tomball has seen a population increase of nearly 23% in 15 years, and things seem to be just ramping up. The influx of new residents has necessitated the building of new schools, shopping centers, roads, and neighborhoods, including some luxury residences that are absolutely stunningly. Continue reading

Real Estate: North American Title Expands Tomball Location, Names Jeff Pate As Business Consultant

North American Title Company, a real estate settlement organization and one of the largest in the country at that, has recently expanded their Tomball offices. They have also named Jeff Pate as their newest business consultant. Jeff has over 20 years in sales, including new home sales and commercial sales for a masonry materials distributor. Continue reading