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Residential Real Estate news
  • Alabama Power partners with homebuilders on Smart Neighborhood program
    Alabama Power Co. is expanding its Smart Neighborhood initiative and has partnered with three homebuilders to build smart neighborhoods across the state. The Smart Neighborhood Builder Program will promote energy efficiency through collaboration with homebuilders to build energy-efficient homes that feature advanced energy products and home automation. Alabama Power recently rolled out a Smart Neighborhood in Ross Bridge. Three homebuilders across the state have committed to the program, including…
  • ABQ home sales hit 12-year high
    Albuquerque's housing market continues its hot streak, hitting a 12-year high in October. Pending sales hit a 12-year high at the end of October, reports the Greater Albuquerque Association of Realtors, with both home sales and homes under contract surpassing 2017 year-to-date totals. Home inventory remains at historic lows with nearly 1,500 new listings added for October, according to GAAR. “Reduced levels of homes for sale has not slowed down the record sales activity we have seen going into…
  • New KB Home Houston president plans to double footprint by 2021
    He wants to see the national homebuilder rank among the top three in the city for home closings within the next few years.
  • Bastrop may extend construction moratorium due to flooding concerns
    Bastrop may extend a development moratorium another six months as it grapples with drainage and stormwater issues. While some development has continued during the moratorium because of exceptions by the city, the suburb east of Austin is still reviewing the ability of its development, zoning, permitting, subdivision and drainage regulations to handle floods. In August, Bastrop City Council passed an emergency ordinance that created a short-term freeze on the acceptance of subdivision applications…
  • Indications are housing market may be slowing down
    After a prolonged period of rising prices and low inventory, the housing market appears to be settling down, real estate officials say. The cool down comes as numbers for October are out from the Buffalo Niagara Association of Realtors, which again show higher prices and low inventory. The median price of a single-family home was $151,000 last month, a 4.2 percent increase in the past year. The average sale rose to $177,682, a 3.7 percent hike. Sales were down 8 percent to 1,130 year-over-year. Inventory…
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