Houston real estate resists Mother Nature to complete its strongest year ever

HOUSTON — (January 10, 2018) — Despite the devastating assault that Hurricane Harvey waged on the greater Houston area last summer – from which many property owners are still recovering – the Houston real estate market set new records by the time the sun set on 2017. Single-family home sales for the full year rose 3.5 percent compared to 2016, the previous record year. However, as 2018 gets underway, the supply of housing remains constrained. Inventory had begun to reach more balanced levels when Harvey’s widespread flooding sent affected residents scrambling for whatever undamaged rental and sales homes were available to provide safe shelter for themselves and their families.

The post-Harvey rebound continues despite constrained inventory.

HOUSTON — (December 13, 2017) — Home buyers and renters propelled Houston’s post-Hurricane Harvey real estate market into positive territory for a third straight month in November, even as the supply of homes remained constrained.

Home sales continue their positive momentum but constrain inventory levels in the process.

HOUSTON — (November 8, 2017) — The Houston real estate market showed continued resiliency in the aftermath of Hurricane Harvey, with home sales and rentals in positive territory for a second consecutive month in October. However, the strong demand combined with flood-damaged homes previously pulled off the market, constrained housing inventory which had finally reached more balanced levels before the storm struck in late August.

The retail and restaurant explosion on 34th Street continues. Last year The Leader visited with attorney Troy Blakeney, who put up for sale more than three acres at 1225 West 34th St., near the Harriet and Joe Foster YMCA. That ownership designation is now past tense because the property has been acquired by Houston-based Revive Development. And Bryan Danna, Principal at Revive, is envisioning big things for the space.

Primary indicators of a strengthening market shown in HAR's latest real estate snapshot, illustrating Houston's resiliency in its post-Harvey recovery.

Houston’s commercial real estate market is optimistic after grappling with Hurricane Harvey amid the continued energy recovery, according to quarterly market research compiled by Commercial Gateway, the commercial division of the Houston Association of Realtors (HAR.com).

A month after the devastating storm, September sees home sales rebound and rentals surge.

HOUSTON — (October 11, 2017) — Battered by Hurricane Harvey during the final week of August, the Houston real estate market demonstrated its ‘Houston Strong’ resiliency during the four weeks that followed with a rebound in home sales and the strongest rental activity of all time.

Historic storm slams the door on home sales during the last week of August

HOUSTON — (September 13, 2017) — Hurricane-turned-Tropical Storm Harvey's torrential rains and devastating floodwaters not only disrupted life and destroyed properties throughout the Houston area and Texas Gulf coast. It also dealt a heavy blow to a real estate market that, until now, was on track to set new records. However, the full effects of the historic storm may not be realized for weeks to come as the market rebuilds and recovers.