Over 200 new homes are coming to the 1,730-acre Hockley development

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1. Keller Williams' KW Command targeted in a phishing attack

Keller Williams recently stopped a phishing attack similar to one previously targeting AnnieMac. The company confirmed the incident in an email to Inman on Tuesday, stating that no system infiltration occurred and that the affected accounts had been secured.

Although the attack was unsuccessful, it prompted the company to temporarily lock some features of the KW Command platform and introduce multi-factor authentication for added security.

The attack highlights the ongoing risk of phishing in real estate, a threat made evident by the recent breach at AnnieMac, where scammers accessed the personal information of 170,000 customers.

2. Home values are now rising faster in areas with lower climate risks

For the first time since 2010, homes in areas with low risk from natural disasters are rising in value faster than homes in high-risk areas, according to a new report from Redfin.

• The total value of homes facing low risk of extreme heat is up 7% year-over-year, reaching $17.7 trillion. Meanwhile, the total value of homes facing high risk of extreme heat is up 6.3%, reaching $29.7 trillion.

• The total value of homes facing low flood risk is up 6.7% year-over-year, reaching $40.2 trillion. Meanwhile, the total value of homes facing high flood risk is up 6%, reaching $7.2 trillion.

• The total value of homes facing low fire risk is up 6.6% year-over-year, reaching $39 trillion. Meanwhile, the total value of homes facing high fire risk is up 6.4%, reaching $8.4 trillion.

While these differences are small, they are notable because this year marked the first time since 2010 that low-risk homes across all three categories—heat, flood, and fire—rose in value faster than high-risk homes.

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3. Catch up quick

🛐 Texas leaders have advanced plans for biblical lessons in public schools. (AP)

👨‍👩‍👧‍👦 1 in 3 U.S. adults ages 18 to 34 live in their parents’ home. (CNBC)

🏈 20% of NFL fans say team loyalty affects their home search. (Yahoo)

🏠 M/I Homes offers Black Friday deals on a new home. (M/IHomes)

🤝 76% of home sellers say real estate agents are worth it. (clever)

👵 10.5 million borrowers at or over age 65 still have forward mortgages. (LendingTree)

🎭 Fun read: A Glen Powell lookalike contest is happening in Austin this weekend. (Spectrum)

4. Over 200 new homes are coming to the 1,730-acre Hockley development

Construction is underway on more than 200 new homes within The Grand Prairie, a 1,730-acre master-planned community developed by Ember Real Estate Investment and Development in Hockley, Texas.

Called The Highlands, the community’s newest village will have 400 homes at buildout.

The designs range from 1,325 to 3,240 sq. ft., and the homes are priced from $250,000 to $370,000.

5. Existing home sales post their biggest gain since January 2022

According to a new report from Redfin, existing home sales surged 1.6% month-over-month in October, marking the strongest monthly growth since January 2022, with a seasonally adjusted annual rate of 4,179,346.

• On a year-over-year basis, sales increased by 1.7%, marking the first annual increase since November 2021.

• Home sales, including both existing and newly built homes, rose 1.6% month-over-month and 3.4% year-over-year, reaching their highest level in over a year and a half on a seasonally adjusted basis.

• The median home sale price increased 5.2% year-over-year to $435,313 in October, marking the largest annual gain in six months.

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