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Houston Home Prices Rolling Over In Sea Of Financialization

As Houston home prices roll over in many submarkets across the area, it is interesting to see the pundits and establishment players parade and endless supply of “fake news” to offer the impression that Houston’s real estate market is still a relative bargain. This weekend I came a across a rather humorous piece of “sponsored content” from a major real …

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Affordable Homes Vanishing In Houston Housing Hoax

While many in the main stream media continue to report the story of rising home prices in Houston, I thought I would take a few minutes to explain the Houston housing hoax. While your local appraisal district and local politicians may be happy to keep spreading this work of fiction, the fact is Houston home prices are softening in 2016. …

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Laugher Of The Week: How Sugar Land “Scored” Schlumberger

I have seen some hilarious posts at the HBJ covering our local “business development”, but a piece last week by Suzanne Edwards made my head spin. In the HBJ exclusive: ‘How Sugar Land Scored Schlumberger‘, she trots out the argument that Schlumberger’s choice of Sugar Land for their new corporate offices was achieved by the combination of Sugar Land and …

Million Dollar Shack: Insanity In Silicon Valley Drives Middle Class Families Out Of The Market

This is nice little documentary from Michelle Joyce, a middle-class mom living in Silicon Valley. Michelle does a nice job bringing the issues of our national housing policy into the public conversation. Michelle and her husband, like many of their friends, have been priced out of the neighborhood. Unfortunately current housing policy continues to favor wealthy tech titans and investors …

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Hovnanian Homes Lays An Egg, Stock Tanks Almost 10 Percent

Hovnanian Enterprises (aka Hovnanian Homes) laid a huge egg yesterday announcing second quarter earnings. The nation’s seventh largest home builder reported that their second quarter gross margin fell from 20.2% last year to only 16.% this year. Hovnanian reported a second quarter loss of $19.6 million, more than double the loss during Q2 2014. Hovnanian’s consolidated home deliveries of 1223 …

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City Of Katy’s Newest Master-Planned Community Has A Glaring Problem

Many Katy area homeowners had a case of sticker shock when they opened their 2015 property tax notices. There may soon be a new crop of homeowners within the City of Katy who also receive a warm welcome from the local central appraisal district. Cane Island, one of the newest master-planned communities in Katy offers some some wonderful new home …