This week’s Houston news relating to the real estate industry.
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Last week, Apartment List released its May 2016 rent report for Houston. Over the past month, Houston experienced rent decreases and continues to be one of the most budget-friendly places to rent in Texas.
Although known for more traditional homes, Houston’s Heights neighborhood receives a modern flair from On Point Custom Homes with three transitional style properties — each unit measuring approximately 2,753 square feet.
Throughout the nation, homes are being snatched up at a quicker pace so far this year than they were last year. According to a recent report released by Trulia, 66.6 percent of homes are still on the market after 30 days, representing a slight dip from 67.8 percent a year prior.
Houston recently added four more points to its walkability score, a rating system developed by Redfin company WalkScore. Although it didn’t quite place in the top ten list for most walkable cities, it did improve its score from 76 to 80. This could be because places like Parc at Midtown are recognizing the millennial demand for comfort close to home.