Cynthia Guest's Real Estate Blog

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For the lowdown on the latest real estate news!
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Welcome to my blog created to provide you with the latest lowdown on Houston and Texas real estate! I'll be sharing as well timely trends in decor, market statistics, tips for homeowners, and pertinent news articles. Be my guest!

The downtown skyscraper planned for 1000 Main in the downtown Houston business district has sold for $435M to the runner- up bidder after the original bidder,of Chicago, backed out. You'll find  more of the details in this article from the Houston Business Journal.


According to this recent article in the Houston Business Journal, Houston's luxury home market is the largest in Texas, and 1,200 million dollar homes were sold in Houston  between January and October of 2014.  To see the most expensive new homes built and sold in Houston in 2014, and the names of the builders, be sure to read this informative article.


According to this recent article in The Wall St. Journal, Houston is offering tax abatements and other incentives to developers to encourage more appartment buildings in downtown Houston. Right now 4,200 units are planned for the downtown area; construction has already begun on some.  Once completed, these units should triple the amount of available apartments for downtown city living. With all the traffic congestion from the city's recent growth spurt, many more people may be wanting to just walk to work.


According to Olivia Pulsinelli, Web producer- Business Journal, The "Emerging Trends in Real Estate 2015" report ranked Houston the country's No. 1 market to watch next year. That's up from No. 2 in 2014 and No. 5 in 2013.

Houston ranked No. 1 in both investment and development prospects, and it came in second to Austin for homebuilding prospects.

When looking at specific property types, the Bayou City also took the top spot in the industrial and retail sectors, and it ranked No. 2 for office and multifamily. Its hotel sector ranked No. 4 nationwide. 

Not surprisingly, investors cite the energy industry as a major driver of Houston's growth in 2015.

So we all need to keep our eyes on what happens in our market early next year!

The Houston housing market resumed its upward trajectory in September after a slide downward in July and August.  Sales for October look very strong as well.  Read how the upper tier market is outpacing the lower-priced housing for the moment: 
According to this Sept. 2, 2014  article in the Dallas Business Journal, Texas has the highest mortgage closing costs in the nation.  The author's suggestion is to get at least three quotes from  lenders and try to negotiate for lower costs.
Demand for urban living in high-density areas of Houston ramps up. According to this article in the Houston Chronicle, more buyers in the first five months of 2014 sought out condos and town homes in close-in urban areas than single family homes.
According to this article in  the Houston Business Journal, Forbes has named Houston the best city in the country for manufacturing.  Evidently, with the boom in the oil industry has come the need for infrastructure such as pipelines and refineries, and the jobs in manufacturing are increasing as well. Now the Houston-Sugar Land-Baytown metropolitan area is at the top for growth in jobs in manufacturing!
According to this article in The Houston Chronicle,  a noted economist has just revised his estimate upwards to predict 85,000 new jobs for the Houston area in 2014, an increase of 30% over his original estimate. in
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