Category Archives: Houston Condos

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 …

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Gas Prices Swaying Home Buyers

Houston is a city of cars. If you’re outside the downtown Metro Rail service area, the city is simply too sprawling (and for six months out of the year, too hot) to use public transportation if you can afford not to. There are 2.46 million commuters in Houston, and 91% of these people use their own car.
That’s a lot of gas! And these days, a lot of gas means a lot of money. So what does this mean in terms of real estate?
According to a Coldwell Banker survey of real …

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Lap Dogs and Luxury

The Westin Hotel Memorial City has just developed a program fit for only the most pampered pets. Culinary-institute-trained head chef Dagan Lynn is preparing gourmet pet meals to order: according to the Houston Business Journal, “Fido will be able to order room service, selecting from a handful of dishes to tickle his taste buds when hunger strikes.”
In addition: “Spot will get a doggie treat at check-in. And he will get to lay his head down in his own Heavenly Dog bed, a version of the hotel chain’s soft, …

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Houston Condo Rentals Increase 27%

The housing market continues to be the subject of speculation, as statistics rise and fall. April single-family home sales fell 14.2 percent compared with a year earlier, says the Houston Association of Realtors. (If you’re curious, that means that a little over 4,000 single-family homes were sold last month). However, don’t be alarmed: last year’s home buyer’s tax credit is skewing the statistic.
According to the Houston Chronicle, “sales of townhouses and condominiums also fell last month. They dropped 15.2 percent to 419 properties compared to a year earlier. The …

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Eat Your Way Through Montrose

Looking to buy property in or near Montrose? Have you been intrigued by listings on CondoDomain? I suggest driving around the neighborhood, one of Houston’s most vibrant and diverse. Ask yourself if you like what you see. Check out the local nightlife, shopping, and restaurants. Here are a few suggestions for Houston’s best inner-loop gems, but beware: if you visit the following places, you just might find yourself swayed into a purchase!
The Mockingbird Bistro on Welch Street is an upscale French delight. There, you can enjoy their Kobe burger, the …

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The Best Lending Landscape in the Country

Ashley Furness, writing for the Austin Business Journal, recently reported that “about 1.89 percent of residential mortgages in Texas were in foreclosure during the first quarter this year.” This statistic, from the Texas Mortgage Bankers Association, ranks Texas as having the sixth lowest rate in all of America.
1.89% isn’t too shabby, compared with the national average of 4.52%. And we can always be grateful that we’re not living in Las Vegas, where one in every 9 homes is up for foreclosure.
“Texas loan delinquencies decreased to 7.91 percent of mortgages in …

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