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The 2021 State of Housing in Harris County and Houston

Details: The Kinder Institute’s second annual “State of Housing” report comes as Houston—and much of the country—remains in the midst of a residential real estate bonanza. A yearlong buying spree, fueled by a combination of factors, is driving the country to historically low inventory levels and propelling prices ever higher.

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As affordability wanes, Houston and Harris County renters

Details: The Kinder Institute’s second annual “State of Housing” report comes as Houston—and much of the country—remains in the midst of a residential real estate bonanza. A yearlong buying spree, fueled by a combination of factors, is driving the country to historically low inventory levels and propelling prices ever higher.

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If they build it, will gentrification come

Details: Rapid urbanization is transforming the Houston area both with more far-flung development and dense housing in close-in communities. While redevelopment can mean improved housing conditions, increased supply and stable home prices, it can also acutely affect under-resourced communities with older homes and long-term residents who have low or fixed incomes.

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› Url: https://kinder.rice.edu/urbanedge/2021/04/06/houston-real-estate-housing-development-gentrification-affordability Go Now

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Race determines home values more today than it did in 1980

Details: But fully addressing racism in real estate will require reshaping the very foundations of the U.S. housing market. Junia Howell is an assistant professor of sociology at the University of Pittsburgh. Elizabeth Korver-Glenn is an assistant professor of sociology at the University of New Mexico.

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› Url: https://kinder.rice.edu/urbanedge/2020/09/24/housing-racial-disparities-race-still-determines-home-values-America Go Now

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Study: When Looking For and Buying a House, Racial

Details: Pretty much everyone who wants to buy a home ends up on HAR.com, the listing site of the local real estate board, where users can search by neighborhoods. Listing a property here is a typical first step for real estate agents selling a home and the site automatically sorts properties into uniquely drawn market areas.

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› Url: https://kinder.rice.edu/2018/07/11/study-when-looking-and-buying-house-racial-inequality-and-discrimination-compound Go Now

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Welcome to Acres Homes. Acres Home. Acreage Homes

Details: Real estate developers and residents of expensive private housing use toponymy to legitimise their privileged positions, while public housing residents experience the same toponymic change as a form of symbolic displacement,” he writes.

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Buoyed by a suburban shift, the pandemic housing market

Details: Real estate experts and research indicate the uptick in moves to suburban areas was a trend that began before COVID-19, and has only been accelerated by the pandemic. “We believe that the strong housing market is more the result of historically low-interest rates and longer-term demographic trends,

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› Url: https://kinder.rice.edu/urbanedge/2020/12/17/covid-19-houston-suburban-shift-housing-market-continues-soar Go Now

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Thomas G. Bacon The Kinder Institute for Urban Research

Details: Thomas G. Bacon. Tom Bacon is cofounder of Civicap Partners, a real estate investment firm focused on investing in the supply and demand imbalance in workforce housing. Civicap Partners is delivering workforce housing solutions, at a cost structure that works for developers, investors and renters in …

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6 post-pandemic predictions about how cities will be

Details: Real estate experts are predicting that most office workers won’t come back full-time — perhaps only three or four days a week. That’s likely to lead to a 10–20% drop in demand for office space. At the same time, before the pandemic, we did see a long-term trend of downtown living, as people who wanted to …

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It seems like all of California is moving to Texas. Is

Details: That’s because of two seemingly conflicting pandemic-induced trends we have seen in expensive real estate markets on both coasts: a rush to buy bigger homes has driven prices up even higher than before (the median home price is currently around $700,000) and a desire to leave expensive, crowded markets, both of which have led to a flight to

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› Url: https://kinder.rice.edu/urbanedge/2021/03/03/californians-moving-to-texas-covid-migration Go Now

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What Millennials Think of Homeownership (and why it

Details: The results were included in a ULI-commissioned study of millenials’ attitudes toward housing issues, co-authored by real estate consultants Deborah Brett and M. Leanne Lachman. There are 78.6 million adult millenials in the U.S., so their attitudes and opinions about housing are poised to have a major effect on the development of the country

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Who owns the single-family rentals and what do we know

Details: A Real Estate Investment Trust (REIT) is sort of like a mutual fund: investors pool their money into a managed trust, which then invests in assets and gives returns to investors. The difference is that a REIT invests solely in real estate and often issues rent-backed securities for additional income.

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› Url: https://kinder.rice.edu/urbanedge/2021/08/03/single-family-rental-housing-houston-flooding-foreclosure Go Now

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‘Detached townhomes,’ gentrifying the gentrifiers and

Details: In Houston, what the Kinder Institute calls the “detached townhome” is a real secret weapon for land-efficient, easy-to-build new housing, made with inexpensive wood-framed construction. It is a housing type that’s rare in most cities but close to 34,000 of them were built in Harris County from 2005 to 2018 (Table 1).

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› Url: https://kinder.rice.edu/urbanedge/2021/04/29/detached-townhomes-gentrification-houston-housing-growth-secret-zoning Go Now

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How Urban or Suburban Is Sprawling Houston

Details: Economist Jed Kolko conducted a survey of Trulia users to determine that a population density of over 2,213 households per square mile generally feels “urban;” between 102 and 2,213 is perceived as “suburban.”. By Kolko’s analysis of the 2010 Census, Houston is 63 percent urban and 37 percent suburban. Of the 10 fastest growing cities

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Despite the pandemic, Austin, Dallas and Houston all built

Details: The Kinder Institute’s second annual “State of Housing” report comes as Houston—and much of the country—remains in the midst of a residential real estate bonanza. A yearlong buying spree, fueled by a combination of factors, is driving the country to historically low inventory levels and propelling prices ever higher.

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› Url: https://kinder.rice.edu/urbanedge/2021/07/21/houston-austin-dallas-housing-permits Go Now

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Can city-owned vacant lots fill the need for park equity

Details: When a vacant lot that served as the home of the Third Ward Chess Club was sold to a developer, he found a local real estate developer who was willing to let the club use a piece of property at McGowen and Live Oak that volunteers transformed into the Third Ward Chess Park. Van Tubergen, who has lived in University Village since the mid-2000s

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Houston doesn’t have zoning, but there are workarounds

Details: Here’s how land use is addressed in Houston. The city is rife with plans, strategies, and other efforts to create more walkability, bring new investment into historically underserved communities, and protect the city against future flooding and other hazards.For many years, the region’s metropolitan planning organization, the Houston-Galveston Area Council, has conducted Livable Centers

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› Url: https://kinder.rice.edu/urbanedge/2020/01/09/no-zoning-in-Houston-there-are-workarounds Go Now

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Mapping Montrose's Gay History The Kinder Institute for

Details: For real estate folks, the narrative of Montrose being formerly gay -- but not anymore -- could help them add a bit of historical character and a trendy narrative to the area, while still sanitizing the present image of the neighborhood, which sometimes was at odds with gay bars in the area, Riedel said.

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Rent prices are up in Houston as they’ve fallen in many US

Details: Of all of those, it may be real estate, and specifically housing, that has undergone one of the biggest shifts. Every year, the Apartment Guide’s Rent Report provides insights into rent trends and affordability in cities across the country, including where the highest and lowest rents are found and where the biggest increases and decreases

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› Url: https://kinder.rice.edu/urbanedge/2020/11/17/covid-rent-increase-houston-and-other-texas-cities-millennials Go Now

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Houston’s historic Black neighborhoods see significant

Details: Han "John" Park is a research fellow in the Urban Development, Transportation and Placemaking program at Rice University's Kinder Institute for Urban Research. His research fields are affordable housing programs, real estate economics, transportation planning, and …

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Luis Guajardo The Kinder Institute for Urban Research

Details: The Kinder Institute’s second annual “State of Housing” report comes as Houston—and much of the country—remains in the midst of a residential real estate bonanza. A yearlong buying spree, fueled by a combination of factors, is driving the country to historically low inventory levels and propelling prices ever higher.

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Gap between income growth and housing cost increases

Details: File under "The Increasing Precarity of the Economy," "Housing Unaffordability" and "Yikes," yet another assessment documenting the spreading gap between adjusted incomes and housing costs was released earlier this month, this time from Eyul Tekin, a doctoral candidate currently working in the research department over at Clever Real Estate. "After adjusting for inflation over time," Tekin

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Can Texas afford to lose its housing affordability

Details: Having virtually halted the real estate market for the moment, the COVID-19 crisis will almost certainly drive down the cost of both raw land and market-rate housing. However, when prices go down, developers often cannot make their projects “pencil out” — and the …

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‘Mixed-use’ is popular, but what does it mean

Details: That we can even ask these questions demonstrates just how pervasive the concept has become in both real estate development and urban planning. As urban and suburban residents call for more walkable neighborhoods – replete with homes, recreation, and work places – developers are responding with more and more mixed-use projects.

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Here’s where rent relief is helping Harris County

Details: The Kinder Institute’s second annual “State of Housing” report comes as Houston—and much of the country—remains in the midst of a residential real estate bonanza. A yearlong buying spree, fueled by a combination of factors, is driving the country to historically low inventory levels and propelling prices ever higher.

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› Url: https://kinder.rice.edu/urbanedge/2021/08/12/housing-eviction-ban-pandemic-rent-relief-harris-county-houston Go Now

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These dams needed replacing 15 years ago. Now Texas will

Details: Other homes are likely to experience similar problems if the dams aren't fixed soon, area real estate agents said. Lack of funding for repairs is largely to blame. Because the dams aren't use for flood control, the river authority isn't eligible for state funding to maintain them and has struggled for decades to scrape together the cash to do so.

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› Url: https://kinder.rice.edu/urbanedge/2019/09/11/these-dams-needed-replacing-15-years-ago-now-texas-will-drain-four-lakes-instead-%E2%80%94 Go Now

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Community Bridges: Partners The Kinder Institute for

Details: The Fifth Ward CRC coordinates a variety of programs to fulfill its mission, including real estate development, homeownership promotion and preservation, asset management, and community and supportive services. Notably, this past year, Starbucks Coffee Company partnered with the Fifth Ward CRC to provide thousands of volunteers to the community

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The Eight Elements of a Successful Innovation District

Details: They encourage city departments, real estate developers, business leaders, universities and foundations to coordinate policies and investments. At the same time, an innovation district that is geographically bounded can’t be a closed campus. It must also be open to encourage random interaction. 8.

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A vacant lot in Third Ward is filled with life after chess

Details: A local real estate developer is letting the community use a piece of property at McGowen and Live Oak for the new Third Ward Chess Park, which opened in January. Building a chess park is a …

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Why homelessness is going down in Houston but up in Dallas

Details: It is difficult to separate this reality from the soaring Dallas real estate market, something that Houston is experiencing, but not to such intense degree. In the recently published Harvard report The State of the Nation’s Housing , the Dallas metro area is mentioned as having the highest volume of home sales in 2018 ($9.2 billion, the same

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How Are Young Adults' Housing Moves Affecting Neighborhood

Details: Given the legacy of government-backed segregation and ongoing discrimination in real estate and lending, decisions about where to live are as much reflections of choice as they are of constraints. Still, it's worth understanding the movements of young adults to better understand mobility and neighborhood change.

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Opportunity Zones: Gentrification on Steroids

Details: The program is seen as extremely favorable to real estate investments in particular. But unlike most other federal revitalization programs, opportunity zones come with no government funding sources and no government qualification criteria. Other tax credit programs – such as, for example, Low Income Housing Tax Credits – come with an upper

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Large Sun Belt Metro Areas Continue To Drive Growth The

Details: (It’s interesting to note that Austin and Nashville are among the hottest real estate markets in the country not located on the coasts.) Interestingly, Atlanta – often viewed anecdotally as a major destination for domestic in-migration – is well behind these other metro areas …

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America is more diverse than ever, but diversity doesn’t

Details: In the time since the Immigration and Nationality Act was signed in 1965, the demographics of Houston have changed dramatically. In 1980, the city was 55% white, 28% Black and 17% Hispanic. Today, the population is 25% white, 22% Black, around 7% Asian and nearly 45% Hispanic. Despite Houston’s high level of diversity, the city’s neighborhoods are segregated to a large degree.

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Transit Adjacent Development and Neighborhood Change in

Details: Listen: Rail lines and real estate. Houston Chronicle . Jan 21, 2020. Related Urban Edge. Atlanta resident survey shows similar concerns Houstonians face including transportation, housing and crime. Each year, the Atlanta Regional Commission and its partners conduct the …

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In Phoenix and Houston, Effort to Attract Millennials Is

Details: Our report, “Cementing Millennials Downtown: Expressions and Impacts,” reveals how real estate developers are helping to attract and retain Millennials in the downtowns of two central cities, Phoenix and Houston, which are emerging sites of Millennial migration. We draw findings using data from the U.S. Census, regional media, and

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At one year, Houston's Community Land Trust charts

Details: By Sunday, she said, "I had developers calling and asking to purchase for cash," showing just how competitive the speculative real estate market can be and, at least in part, why housing costs continue to rise. It's been roughly one year since the nonprofit formed, working in partnership with the city's housing and community development department.

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Mitigating Gentrification: How Several Sun Belt Cities Are

Details: Real estate speculation, high-end businesses and luxury condos are edging out family-owned business and making rent and monthly housing costs unreachable. Neighborhoods such as Wynwood and Edgewater have seen unwanted neighborhood change that is destabilizing surrounding communities like Little Haiti and Allapattah. Little Haiti is coveted for

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Iconic Sears Set to Close, What Should Happen Next for

Details: Though Rice University's Management Company has owned and leased the property out for decades, it decided to buy out the remaining 28 years on the store's lease and move ahead on a still fuzzy but seemingly ambitious plan for the 9.4 acres of real estate the company now owns.

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What We Mean When We Talk About Equitable Recovery The

Details: Addressing housing requires discussions about public safety, education, access to goods and services, speculative real estate development and transportation. Confronting inequities in the recovery process requires examining existing processes of inequity that have undergirded development and neighborhood change in Houston for a century.

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California Developers, Stymied by Regulation, See Promise

Details: Real estate agents aren’t as tightly regulated as in the U.S. A publication from the Arizona Department of Real Estate, “Buying Real Estate in Mexico,” advises U.S. buyers to verify anything a Mexican real estate agent says, for example, and warns that down payments or …

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How Foreign Investment Fuels Hyper-Gentrification The

Details: Not only has the number of cross-border real estate deals grown, but the value has too -- from $65 billion in 2009 to $217 billion in 2015, according to the report, representing more than half the value of all global assets. The value, estimated at $217 trillion, is difficult to …

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Forget What You’ve Heard, Houston Really Does Have Zoning

Details: To be more precise, Houston doesn’t exactly have official zoning. But it has what Festa calls “de facto zoning,” which closely resembles the real thing. “We’ve got a lot of regulations that in other cities would be in the zoning code,” Festa said. “When we use it here, we just don’t use the ‘z’ word.”

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Houston among the most politically-polarized cities in

Details: Through years of ethnographic fieldwork and more than 100 in-depth interviews, Kinder scholar Elizabeth Korver-Glenn found real estate agents, mortgage lenders and appraisers all play a role in housing inequality in Houston.

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