| M AY
281.582.3987
14340 Memorial • Houston, TX 77079
Amanda Walsh
Brandey Heckeroth
Brandey@HeritageTexas.com
Marilyn Jay
Marilyn@MarilynJay.com
Susan Chumchal Bishop
SusanCB@HeritageTexas.com
Featured Cover Property
ST D JU STE LI
2 Corwin • Hunters Creek • Houston
J U N E
LUXE
www.HeritageTexas.com
Amanda@HeritageTexas.com
LUXE LIVING AND
2 0 1 6
Your personal real estate group for wherever life takes you.
The Mane Event Off to the Races!
11503 Royal Portico Path Royal Oaks Courtyard Villas • Houston
G IN D N PE
5117 Tangle • Tanglewood • Houston
11006 Holly Springs • Lakeside Forest • Houston
G IN D N PE
2109 Bancroft
1219 Hunters Park Way Hunters Park Garden Homes • Houston
12503 Woodthrope • Memorial Meadows • Houston
G IN D N PE
G IN D N PE
11407 Noblewood Crest • Royal Oaks • Houston
2726 Stuart Manor • Royal Oaks • Houston
Immaculate home located within a private gated community in an amazing location! 3 / 3-1 / 2 IMMACULATE home with generous amenities and amazing location! Private gated enclave with guest parking and great outdoor living space! Control 4 Smart Home system, gourmet kitchen with steam convection oven, Asko dishwasher, Koehler Stages Chef sink, sub-zero wine fridge, white oak floors, elevator, guest suite and living area at first floor. Flex plan with expansive living and dining room, sprawling master retreat with spa-like bath including Bain Ultra tub, custom closet, shutters, window treatments, surround sound. Stunning home!
www.HeritageTexas.com If your home is currently listed, this is not a solicitation for that listing.
Produced by DLP Marketing • (877)660-0996 • DLPmarketing.com
Supply & Demand
2016 Real Estate Market Update
Rainbow Lodge’s Divine Spring Salad
Luxe Living Cover Home
Featured Exclusively by Heritage Texas Properties
Event Calendar MAY | JUNE 2016 NRG Park | May 22 HouBBQ.com | 832.454.6106 The Houston Barbecue Festival continues to showcase the best that Houston barbecue has to offer to a growing and diverse audience of barbecue lovers. “Houston continues to be the hottest barbecue market in Texas,” says J.C. (Chris) Reid, festival co-founder and Houston Chronicle barbecue columnist. “We expect to see a lot of Houston-inspired dishes this year along with the Texas trinity of brisket, ribs and sausage.”
Beautiful – The Carole King Musical: National Tour Broadway at the Hobby Center | May 31- June 5 Houston.Broadway.com | 800.952.6560 Beautiful – The Carole King Musical tells the inspiring true story of King’s remarkable rise to stardom, from being part of a hit songwriting team with her husband Gerry Goffin, to her relationship with fellow writers and best friends Cynthia Weil and Barry Mann, to becoming one of the most successful solo acts in popular music history. Along the way, she wrote the soundtrack to a generation.
Jimmy Buffet The Cynthia Woods Mitchell Pavilion | June 4 WoodlandsCenter.org | 281.363.3300 Jimmy Buffet returns to Houston with The Coral Reefer Band. Buffett translated his easygoing Gulf Coast persona into a recording career and ever-popular tour that has spanned more than four decades. Join the rest of the Parrotheads in Margaritaville where it’s more than a state of mind – it’s a state of being!
Carnival Houston Downtown | June 9-12 CarnivalHouston.com 832.614.9337 Carnival Events include Masquerade Bash, Paint Party, Street Parade, Festival, After Party. It’s a blend of different cultural backgrounds ranging from Latin America, the Caribbean, and New Orleans. The event highlights the diverse cultures in Houston and is an exciting explosion of music, cuisine, revelry, costume parade and performances.
The Secret of the Hanging Egg: Salvador Dali The Menil Collection | through June 19 Menil.org | 713.525.9400 On loan from the Dalí Museum in St. Petersburg, Florida, the artist’s 1932 painting, Eggs on the Plate Without the Plate, will greet viewers as they enter the first of three galleries reinstalled for this special exhibition. With a selection of works by artists such as Victor Brauner, Max Ernst, and René Magritte, the museum enjoys a reputation for having an exceptional representation of Surrealist art.
2016 Real Estate MARKET UPDATE
T
he 2016 housing market so far has been characterized by moderately rising prices in most cities, but the tight supply of homes on the market is the biggest factor holding the real estate sector back.
Moderately Rising Prices In 2015 home prices nationally rose 4%, compared to a 6.4% hike in 2014, according to Clear Capital, a provider of real estate data and analysis. Economists forecast that home prices will rise at a more moderate level in 2016, at approximately 3%.
Tight Supply Tight supply has been the deterrent so far in 2016 for many home buyers, as well as for sellers who want to trade up. Nationwide, inventory has been around five months’ supply (the time it would take to sell the current number of homes for sale at the current pace). But in many cities inventory is much lower and strongly favors sellers.
G
rab your mint julep, your brightest and biggest summer hat, and head off to the races. If you’re a fan of the equestrian lifestyle, May and June are the months you look forward to all year. It’s the start of the Triple Crown season, which includes the Kentucky Derby held at Churchill Downs on May 7; the Preakness Stakes, held at Pimlico Race Course in Baltimore on May 21; and the Belmont Stakes, held in Belmont Park on Long Island, New York, on June 11. And with all the excitement last year with the Triple Crown winner American Pharoah, this year is sure to be more anticipated than ever before. After all, American Pharoah is only the 12th Triple Crown winner in the history of the races. The previous winner, Affirmed, was all the way back in 1978. Talk about a long drought!
Of course, with the thrill of the actual racing comes the excitement of the parties, the fashion, and the history that comes along with the Triple Crown. For women, it’s time to don your prettiest summer dress with a coordinating summer hat, or perhaps a fascinator fit for a
princess (channel your inner Kate Middleton, the Duchess of Cambridge, for this look). For the men, it’s all about bright pants or blazers with coordinating bow ties and spiffy shoes. No color is too tropical or pastel. Some gentlemen also opt for lightweight fedoras or straw hats. (The overall look is very Vineyard Vines, which is in fact the “official style” maker of the event.) The Kentucky Derby—also known as “the run for the roses,” a nod to the garland of 400 red roses the winning horse wears—has historically been filled with socialites, celebrities, and politicians alike, which adds to the fun and excitement. Even if you’re not lucky enough to have a ticket to the race, it’s fun to throw a Derby party to kick off the season. Invite your friends and family to don their finest and head to your house for some mint juleps and fine southern foods (country ham & biscuits or bourbon balls, anyone?). So go ahead and mark your calendars for May 7, the kickoff of the 142nd annual Kentucky Derby in Louisville. That’s when all the fun officially begins. Just don’t walk away from the flat screen too long— the actual race lasts for only two minutes!
Millennials Drive Demand Demand for housing continues to be dominated by older millennials, aged 25 to 34. This demographic has the potential to claim a third of home sales in 2016 and represent 2 million home purchases. Two other demographics will also be strong buyers in 2016. The Gen-X buyer is in their prime earning years and with their improved economic circumstances will want to move-up in terms of housing. Older boomers are approaching, or are already in retirement and seeking to downsize or lower their cost of living. Together, these two generations will provide much of the suburban inventory that millennials desire.
Luxury Market Influences Interest from international buyers in U.S. luxury real estate could get a slight boost in 2016, as long as stock market volatility remains at bay. Nela Richardson, chief economist at Redfin, said she expects strong sales in the luxury segment in 2016. “I think that sales will outpace the rest of the market, however, prices will slow significantly.”
Houston Market The Houston real estate market managed to resist most of the effects of the energy downturn in February, with home sales up over two percent compared to the same month last year. “So far in 2016, the Houston housing market has remained healthy despite the ongoing strains facing the energy industry,” said HAR Chairman Mario Arriaga with First Group. “Sales are still down in the luxury home market, but, just as we saw in January, mid-range housing performed well and inventory levels grew.”
REAL ESTATE
corner
IN GOOD TASTE
4th Annual Houston Barbecue Festival
Horses & High Stakes
Shaved Fennel and Baby Kale Salad with Pistachio, Olive and Feta INGREDIENTS baby kale arugula young chard leaves 10 large Spanish green olives (pitted, rinsed and broken in half) 1 bulb shaved fennel ¼c Feta 1 plum or pluot (washed and sliced into crescents) 2 tbsp roasted and salted pistachios out of the shell 1/2 lemon 3 tbsp extra virgin olive oil PREPARATION In a large bowl, carefully toss all ingredients (except lemon, olive oil, and plum) together taking care not to break up the Feta. Drizzle salad with the juice of ½ lemon and 3 tbsp. extra virgin olive oil. Finish with fresh cracked black pepper and arrange the plums on top for presentation. Serves 4 people
Rainbow Lodge 713.861.8666 | Rainbow-Lodge.com
Event Calendar MAY | JUNE 2016 NRG Park | May 22 HouBBQ.com | 832.454.6106 The Houston Barbecue Festival continues to showcase the best that Houston barbecue has to offer to a growing and diverse audience of barbecue lovers. “Houston continues to be the hottest barbecue market in Texas,” says J.C. (Chris) Reid, festival co-founder and Houston Chronicle barbecue columnist. “We expect to see a lot of Houston-inspired dishes this year along with the Texas trinity of brisket, ribs and sausage.”
Beautiful – The Carole King Musical: National Tour Broadway at the Hobby Center | May 31- June 5 Houston.Broadway.com | 800.952.6560 Beautiful – The Carole King Musical tells the inspiring true story of King’s remarkable rise to stardom, from being part of a hit songwriting team with her husband Gerry Goffin, to her relationship with fellow writers and best friends Cynthia Weil and Barry Mann, to becoming one of the most successful solo acts in popular music history. Along the way, she wrote the soundtrack to a generation.
Jimmy Buffet The Cynthia Woods Mitchell Pavilion | June 4 WoodlandsCenter.org | 281.363.3300 Jimmy Buffet returns to Houston with The Coral Reefer Band. Buffett translated his easygoing Gulf Coast persona into a recording career and ever-popular tour that has spanned more than four decades. Join the rest of the Parrotheads in Margaritaville where it’s more than a state of mind – it’s a state of being!
Carnival Houston Downtown | June 9-12 CarnivalHouston.com 832.614.9337 Carnival Events include Masquerade Bash, Paint Party, Street Parade, Festival, After Party. It’s a blend of different cultural backgrounds ranging from Latin America, the Caribbean, and New Orleans. The event highlights the diverse cultures in Houston and is an exciting explosion of music, cuisine, revelry, costume parade and performances.
The Secret of the Hanging Egg: Salvador Dali The Menil Collection | through June 19 Menil.org | 713.525.9400 On loan from the Dalí Museum in St. Petersburg, Florida, the artist’s 1932 painting, Eggs on the Plate Without the Plate, will greet viewers as they enter the first of three galleries reinstalled for this special exhibition. With a selection of works by artists such as Victor Brauner, Max Ernst, and René Magritte, the museum enjoys a reputation for having an exceptional representation of Surrealist art.
2016 Real Estate MARKET UPDATE
T
he 2016 housing market so far has been characterized by moderately rising prices in most cities, but the tight supply of homes on the market is the biggest factor holding the real estate sector back.
Moderately Rising Prices In 2015 home prices nationally rose 4%, compared to a 6.4% hike in 2014, according to Clear Capital, a provider of real estate data and analysis. Economists forecast that home prices will rise at a more moderate level in 2016, at approximately 3%.
Tight Supply Tight supply has been the deterrent so far in 2016 for many home buyers, as well as for sellers who want to trade up. Nationwide, inventory has been around five months’ supply (the time it would take to sell the current number of homes for sale at the current pace). But in many cities inventory is much lower and strongly favors sellers.
G
rab your mint julep, your brightest and biggest summer hat, and head off to the races. If you’re a fan of the equestrian lifestyle, May and June are the months you look forward to all year. It’s the start of the Triple Crown season, which includes the Kentucky Derby held at Churchill Downs on May 7; the Preakness Stakes, held at Pimlico Race Course in Baltimore on May 21; and the Belmont Stakes, held in Belmont Park on Long Island, New York, on June 11. And with all the excitement last year with the Triple Crown winner American Pharoah, this year is sure to be more anticipated than ever before. After all, American Pharoah is only the 12th Triple Crown winner in the history of the races. The previous winner, Affirmed, was all the way back in 1978. Talk about a long drought!
Of course, with the thrill of the actual racing comes the excitement of the parties, the fashion, and the history that comes along with the Triple Crown. For women, it’s time to don your prettiest summer dress with a coordinating summer hat, or perhaps a fascinator fit for a
princess (channel your inner Kate Middleton, the Duchess of Cambridge, for this look). For the men, it’s all about bright pants or blazers with coordinating bow ties and spiffy shoes. No color is too tropical or pastel. Some gentlemen also opt for lightweight fedoras or straw hats. (The overall look is very Vineyard Vines, which is in fact the “official style” maker of the event.) The Kentucky Derby—also known as “the run for the roses,” a nod to the garland of 400 red roses the winning horse wears—has historically been filled with socialites, celebrities, and politicians alike, which adds to the fun and excitement. Even if you’re not lucky enough to have a ticket to the race, it’s fun to throw a Derby party to kick off the season. Invite your friends and family to don their finest and head to your house for some mint juleps and fine southern foods (country ham & biscuits or bourbon balls, anyone?). So go ahead and mark your calendars for May 7, the kickoff of the 142nd annual Kentucky Derby in Louisville. That’s when all the fun officially begins. Just don’t walk away from the flat screen too long— the actual race lasts for only two minutes!
Millennials Drive Demand Demand for housing continues to be dominated by older millennials, aged 25 to 34. This demographic has the potential to claim a third of home sales in 2016 and represent 2 million home purchases. Two other demographics will also be strong buyers in 2016. The Gen-X buyer is in their prime earning years and with their improved economic circumstances will want to move-up in terms of housing. Older boomers are approaching, or are already in retirement and seeking to downsize or lower their cost of living. Together, these two generations will provide much of the suburban inventory that millennials desire.
Luxury Market Influences Interest from international buyers in U.S. luxury real estate could get a slight boost in 2016, as long as stock market volatility remains at bay. Nela Richardson, chief economist at Redfin, said she expects strong sales in the luxury segment in 2016. “I think that sales will outpace the rest of the market, however, prices will slow significantly.”
Houston Market The Houston real estate market managed to resist most of the effects of the energy downturn in February, with home sales up over two percent compared to the same month last year. “So far in 2016, the Houston housing market has remained healthy despite the ongoing strains facing the energy industry,” said HAR Chairman Mario Arriaga with First Group. “Sales are still down in the luxury home market, but, just as we saw in January, mid-range housing performed well and inventory levels grew.”
REAL ESTATE
corner
IN GOOD TASTE
4th Annual Houston Barbecue Festival
Horses & High Stakes
Shaved Fennel and Baby Kale Salad with Pistachio, Olive and Feta INGREDIENTS baby kale arugula young chard leaves 10 large Spanish green olives (pitted, rinsed and broken in half) 1 bulb shaved fennel ¼c Feta 1 plum or pluot (washed and sliced into crescents) 2 tbsp roasted and salted pistachios out of the shell 1/2 lemon 3 tbsp extra virgin olive oil PREPARATION In a large bowl, carefully toss all ingredients (except lemon, olive oil, and plum) together taking care not to break up the Feta. Drizzle salad with the juice of ½ lemon and 3 tbsp. extra virgin olive oil. Finish with fresh cracked black pepper and arrange the plums on top for presentation. Serves 4 people
Rainbow Lodge 713.861.8666 | Rainbow-Lodge.com
| M AY
281.582.3987
14340 Memorial • Houston, TX 77079
Amanda Walsh
Brandey Heckeroth
Brandey@HeritageTexas.com
Marilyn Jay
Marilyn@MarilynJay.com
Susan Chumchal Bishop
SusanCB@HeritageTexas.com
Featured Cover Property
ST D JU STE LI
2 Corwin • Hunters Creek • Houston
J U N E
LUXE
www.HeritageTexas.com
Amanda@HeritageTexas.com
LUXE LIVING AND
2 0 1 6
Your personal real estate group for wherever life takes you.
The Mane Event Off to the Races!
11503 Royal Portico Path Royal Oaks Courtyard Villas • Houston
G IN D N PE
5117 Tangle • Tanglewood • Houston
11006 Holly Springs • Lakeside Forest • Houston
G IN D N PE
2109 Bancroft
1219 Hunters Park Way Hunters Park Garden Homes • Houston
12503 Woodthrope • Memorial Meadows • Houston
G IN D N PE
G IN D N PE
11407 Noblewood Crest • Royal Oaks • Houston
2726 Stuart Manor • Royal Oaks • Houston
Immaculate home located within a private gated community in an amazing location! 3 / 3-1 / 2 IMMACULATE home with generous amenities and amazing location! Private gated enclave with guest parking and great outdoor living space! Control 4 Smart Home system, gourmet kitchen with steam convection oven, Asko dishwasher, Koehler Stages Chef sink, sub-zero wine fridge, white oak floors, elevator, guest suite and living area at first floor. Flex plan with expansive living and dining room, sprawling master retreat with spa-like bath including Bain Ultra tub, custom closet, shutters, window treatments, surround sound. Stunning home!
www.HeritageTexas.com If your home is currently listed, this is not a solicitation for that listing.
Produced by DLP Marketing • (877)660-0996 • DLPmarketing.com
Supply & Demand
2016 Real Estate Market Update
Rainbow Lodge’s Divine Spring Salad
Luxe Living Cover Home
Featured Exclusively by Heritage Texas Properties