Lake Houston - Humble - Kingwood | July 2020

LAKE HOUSTON HUMBLE KINGWOOD EDITION

REAL ESTATE

ONLINE AT

2020EDITION

VOLUME 5, ISSUE 3  JULY 6AUG. 2, 2020

LakeHouston-area real estatemarket steady despitepandemicdecline

RESILIENT REAL ESTATE Home sales in the Lake Houston area saw a 2.63% year-over-year increase since January.

Total home sales in Lake Houston area

2019

2020

1,000 1,200

1,042 1,013

BY KELLY SCHAFLER

0 600 800

703

Experts said the real estate market in the Greater Houston area has taken a signicant hit during the economic crisis caused by the coronavirus pandemic. Suburban areas, such as the Lake Houston area, how- ever, are holding steady. Luis Torres, a research economist at the Real Estate Center at Texas A&M University, said the national, state and Houston-area economies, including factors such as job loss, play a role in the Greater Houston area’s real estate market. Torres said single-family home sales in the Houston region fell by 16.8% in April. However, May’s 7.6% drop year over year was

630

Jan. 1-March 16 March 17-June 4

SOURCES: HOUSTON ASSOCIATION OF REALTORS, DEBORAH ROSE REALTYCOMMUNITY IMPACT NEWSPAPER

KELLY SCHAFLERCOMMUNITY IMPACT NEWSPAPER

not as drastic as April’s, Torres said. “You can kind of see an improvement, though there is still a drop o,” he said. While home sales in the Lake Houston area also

dipped amid the pandemic, local real estate brokers said they believe themarket is promising, as home sales between Jan. 1- June 4were down almost 5%compared CONTINUED ON 20

COVID19 case count discrepancies raise questions inHumble nursing home

EACH CASE AND ESPECIALLY EACHDEATH ARE NOT JUST NUMBERS. THEY ARE PART OF OUR COMMUNITY.

BY KELLY SCHAFLER

positive for the coronavirus, with Har- ris County Public Health reporting 14 coronavirus-related deaths at the nurs- ing home as of June 26. Humble City Manager Jason Stuebe said in an emailed statement that the city has been closelymonitoring the sit- uation at Oakmont since April. “We ... continue to work closely with our partners at Harris County Public Health as well as the state to ensure that proper protocols are implemented CONTINUED ON 21

A nursing home in Humble came under the scrutiny of Harris County health ocials in June for an outbreak of COVID-19 cases among its elderly residents. However, as more data on the status of COVID-19 in long-term care facilities becomes available in the county, discrepancies between various entities are visible. Data shows almost 80% of residents in Oakmont Healthcare and Rehabil- itation Center of Humble have tested SPONSOREDBY • Fountainwood at Lake Houston • The Groves • Kingwood Emergency Hospital MARKET AT AGLANCE 13 2020 EDI T ION REAL ESTATE

UMAIR A. SHAH, EXECUTIVE DIRECTOR OF HARRIS COUNTY PUBLIC HEALTH

A nursing home in Humble came under scrutiny in early June for an outbreak of COVID19 cases among its elderly residents. (Kelly Schaer/Community Impact Newspaper)

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