HOUSING & REAL ESTATE
During a June 8 meeting, Houston City Council approved an ordinance that increases the property tax exemption from $160,000 to $260,000 for city residents who are age 65 or older and certain residents with disabilities. (Courtesy Adobe Stock)
Houston increases property tax exemption amount for disabled residents, seniors
Houston's median single-family home value has risen 16% since last May and is now the highest on record at $351,000. (Courtesy Houston Association of Realtors)
HAR: Houston home values continue to climb despite a slowdown in property sales
The price of homes sold rose year over year in all Lake Houston-area ZIP codes. (Courtesy Fotolia)
See how the Lake Houston-area real estate market fared in March 2022
Located near the intersection of FM 1960 and Cypresswood Drive, Cypresswood Point comprises 574 single-family homes and is zoned to Aldine ISD. (Ronald Winters/Community Impact Newspaper)
Check out May's featured neighborhood in the Lake Houston area: Cypresswood Point, 77338
Along with rising apartment prices in the U.S., the median price of homes also rose this year due to inflation, coming in at an average of $450,00. When looking at the housing market in Texas, the median price hovered at around $350,000. (Carson Ganoong/Community Impact Newspaper)
Housing market, economy starting to recover in Houston
New Caney ISD’s student population has grown by roughly 13.8% since the 2017-18 school year with growth expected to continue as more housing opportunities are developed, according to a Population and Survey Analysts report. (Ronald Winters/Community Impact Newspaper)
Projections estimate New Caney ISD will add roughly 5,600-9,600 new students by 2031
Total property sales in the Houston area have stagnated following increases in housing prices and mortgage rates. (Courtesy Houston Association of Realtors)
HAR: Single-family home sales decline year over year, prices continue to rise
The Houston housing market follows national trends, as fewer households can afford rising costs. (Courtesy Visit Houston)
HAR Housing Affordability Index: Less than half of Houston-area residents can afford a median-priced home
Harris County property taxpayers face a May 16 deadline to file appraisal protests with HCAD. (Courtesy Fotolia)
What Harris County homeowners need to know as the appraisal protest deadline approaches
Located near the intersection of West Lake Houston Parkway and Madera Run Parkway, Lakeshore comprises 1,151 single-family homes and is zoned to Humble ISD. (Ronald Winters/Community Impact Newspaper)
Check out April's featured neighborhood in the Lake Houston area: Lakeshore, 77044
According to ownership, the company first opened the new location this February and held a grand opening in mid-March. (Courtesy of Plano Antique Mall)
CI TEXAS ROUNDUP: Plano Antique Mall relocates to new west-side location; Local Table relocating to a larger space in Katy area and more top news
The median prices of homes sold rose year over year in all Lake Houston-area ZIP codes. (Courtesy Fotolia)
See how the Lake Houston-area real estate market fared in February 2022
Magnolia Village is a 60-acre mixed-use development proposed at FM 1488 and Spur 149 in Magnolia. (Rendering courtesy Gulf Coast Commercial Group)
CI TEXAS ROUNDUP: Construction to start on Magnolia Village retail center May 2; Stranger Things Store to open in Grapevine Mills and more top news
A request made by residents in the southwest corner of Franz Road and Avenue D to change the encircled area from residential, single-family properties to a commercial property zone was denied by Katy City Council on April 11. The city's Planning and Zoning Commission recommended the denial, and many residents spoke in opposition to this request at a public hearing. (Screenshot courtesy City of Katy)
CI TEXAS ROUNDUP: Katy City Council denies request to rezone 17 acres of residential land for commercial use; Round Rock Crossing shopping center acquired by B.H. Properties and more top news
A new report shows a continued increase in property sales despite rising prices. (Courtesy Houston Association of Realtors)
Houston-area property sales rise in March year over year despite fewer listings, increase in mortgage interest rates
Preleasing at The Gregory Apartments in Porter is now open with the first residents expected to move into the new complex in May. (Courtesy The Gregory Apartments)
Preleasing now available at The Gregory Apartments in Porter
Sal-O-Mon owner Oscar Gomez stands with his son Angel. They relocated the restaurant in February. (Photos by Warren Brown/Community Impact Newspaper)
CI TEXAS ROUNDUP: Authentic Mexican fare eatery Sal-O-Mon moves to New Braunfels; Fuddruckers burgers to return to Frisco with ghost kitchen and more news
Montgomery County reported increases in average, median and total household incomes in the 2016-20 American Community Survey five-year estimates released March 17. (Jishnu Nair/Community Impact Newspaper)
Data: 42% of Montgomery County faces rent burden
Five of the Lake Houston area’s seven ZIP codes experienced a drop in the number of homes sold in January compared to January 2021, while ZIP codes 77044 and 77365 experienced an increase. (Courtesy Fotolia)
See how the Lake Houston-area real estate market fared in January 2022