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Urban Living: It’s Not Just the Gas

Our last post was prompted by a recent Coldwell Bankers survey of real estate professionals: 75% of which have seen gas prices effect their customers’ decisions when choosing a new place to live, and 93% of which state that, if gas prices continue to rise, people will choose to move closer to their jobs.
56% of these agents said they’ve seen an increase in interest in urban living compared to market conditions five years ago. Gas prices are the most commonly cited reason for this, but also, “according to those who …

Posted in → Headline, Houston Condos
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A Smaller Downtown

Developers once dreamed that downtown Houston would house 20,000 residents by 2025. But the Houston Chronicle and the Houston Business Journal recently reported that only about 4,500 people live in the city core.
Why is this? Houston has long had a trend towards outward sprawl and single-family homes. However, in the last decade, high-rise and apartment living has seen a big upswing, and $4 billion has been devoted to improving Houston downtown. With new parks, hotels, stadiums, Discovery Green, and the rail system, the area is prime for development. And indeed, …

Posted in → Houston Condos
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Houston’s Value

According to Trulia, the percentage of Houston condos with price reductions is 17 percent. This compares with 31 percent for single family homes. While the news is not encouraging, it certainly does not indicate a price dive for Houston condos.

Houston is a city that holds its value, since it is growing and job opportunities are growing with it.

Capitol lofts

Capitol Loft building was gutted and upgraded to include two new elevator cabs, a granite and glass curtain wall on the front elevation, and new windows throughout. Other features of Capitol Loft include controlled access to the first floor lobby and the underground reserved parking area. One- and two-story units are on levels three through nine, and there are seven innovative floor plans ranging in size from 906 square feet to 2,000 square feet. Penthouse residences are on the tenth floor. The Capitol Loft offer high grade finishes in …

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