October 2018 – Quinn Luong Realty

Monthly Houston Housing Stats

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Mortgage rates continue record-breaking streak to new lows
The average rate for a 30-year fixed-rate mortgage fell to 2.88 percent last year, according to the government-sponsored mortgage-finance company Freddie Mac.
LGI Homes builds luxe homes on half-acre lots in Magnolia
The Terrata Homes are designed with private offices, formal dining rooms and outdoor living spaces.
JLL hired to lease prominent Texas Medical Center office building
Texas Children’s Hospital plans to bring additional retail amenities and refresh the building's common areas.
Study finds minorities, women receive disproportionately few Harris County contracts
A study by the Harris County Commissioners Court found that Black-owned firms make up less than 1 percent of government and procurement contracts awarded in Harris County, a disparity the Greater Houston Black Chamber calls “unconscionable.”
Neil Armstrong's former Houston-area home near NASA hits market
The four-bedroom, three-bath house with a pool and decidedly 1960s character is now on the market for $375,000.
The Ion on track for Q1 opening in former Sears building
The project will convert the former department store into a 270,000-square-foot office and collaboration center designed to house startups, corporations, venture capitalists, business accelerator programs, academics and others.
Airbnb limits young adults renting homes to crack down on house parties
The issue first drew attention after people were killed in a shooting at a party hosted at an Airbnb. The company says limiting parties will also be a boon for public health during the pandemic.
Mortgage rates hit record low, could dip below 3 percent
The drift down is caused in large part by the economic uncertainty surrounding the path the novel coronavirus is charting.
Thousands of hotels facing foreclosure as pandemic persists
At special risk are hotels that were funded with mortgages that were bundled into securities.
Affordable housing project breaks ground in East End
New Hope Housing is developing the 100-unit Avenue J community east of downtown Houston.

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