Lisa Kurrass, chairwoman of Real Estate Connection International, has been elected president of the International Real Estate Federation.
She is the first woman president in the organization's 60-year history.
Kurass will assume the top spot in May 2009 at a Beijing ceremony and will operate from her Houston offices.
Thursday, June 19, 2008
Saturday, May 10, 2008
Zoning's not the issue in Houston
Only 23 percent of residents think "more land-use planning would be bad for Houston because it will slow economic growth and increase the cost of housing." On the other hand, 61 percent say "More land-use planning would be good for Houston because it will improve the region's quality of life and long-term prosperity." That is, even considering possible negative outcomes, most of us consider planning beneficial.
But the question that has stirred debate was "Are you in favor or opposed to zoning in Houston — that is, citywide control over the uses of the land in different areas?" Fifty-four percent favored this idea, 29 percent did not. Almost twice as many favor zoning as oppose it.
But the question that has stirred debate was "Are you in favor or opposed to zoning in Houston — that is, citywide control over the uses of the land in different areas?" Fifty-four percent favored this idea, 29 percent did not. Almost twice as many favor zoning as oppose it.
Thursday, April 17, 2008
Harbor Group buys Houston land from baseball player
US-Israeli real estate investment firm Harbor Group International LLC has bought three residential communities located near the NASA Johnson Space Center in Houston for $41.2 million from a well-known baseball player. The company declined to disclose his name.
The communities have 920 homes altogether. Harbor Group will invest an additional $3.2 million in renovations. The company said that the seller had purchased the properties in 2006, but decided to sell them at a loss because he was unable to manage them.
The communities have 920 homes altogether. Harbor Group will invest an additional $3.2 million in renovations. The company said that the seller had purchased the properties in 2006, but decided to sell them at a loss because he was unable to manage them.
Sunday, April 6, 2008
Houston good for real estate investors
HomeVestors of America, Inc. has ranked Houston as the second-best market in the United States for real estate investing in the first quarter of 2008.
Dallas took the No. 1 spot while Fort Worth was ranked fourth and San Antonio was ranked seventh.
HomeVestors, the company famous for its "We Buy Ugly Houses" billboards, bought more than 34,000 homes in the U.S. over the past 11 years and based the findings on the number of houses bought in each market by the franchise network in the first quarter of 2008.
Dallas took the No. 1 spot while Fort Worth was ranked fourth and San Antonio was ranked seventh.
HomeVestors, the company famous for its "We Buy Ugly Houses" billboards, bought more than 34,000 homes in the U.S. over the past 11 years and based the findings on the number of houses bought in each market by the franchise network in the first quarter of 2008.
Tuesday, March 25, 2008
Inventory In Houston Real Estate Market Continues to Rise
Michael Levitin is set to preside over a dismal year in Houston Real Estate if For Sale signs keep popping up.
We assure you, its not his fault.
But the decline in sales continued for a sixth straight month in February according to the recent report released by the Houston Association of Realtors.
Sales are down but not as bad as they were last month.
We assure you, its not his fault.
But the decline in sales continued for a sixth straight month in February according to the recent report released by the Houston Association of Realtors.
Sales are down but not as bad as they were last month.
Monday, March 17, 2008
At some of downtown Houston’s most desired addresses, high-rise condos sit empty
Parts of suburban Houston and other outlying communities have also witnessed rising foreclosure rates and falling home prices.
For example, a 24,000-square-foot mansion in The Woodlands appraised at more than $7 million recently sold for roughly a third of that price.
For buyers like Dennis Murland, a long-time real estate investor, new foreclosures bring new opportunities.
For example, a 24,000-square-foot mansion in The Woodlands appraised at more than $7 million recently sold for roughly a third of that price.
For buyers like Dennis Murland, a long-time real estate investor, new foreclosures bring new opportunities.
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