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    Real Estate Round-up

    Play Ball: Hitting home runs in Houston real estate

    Ralph Bivins
    Mar 1, 2010 | 6:00 am
    • Finger Furniture just reopened its historic flagship location on the site of theold Buff Stadium.
    • The Sugar Land City Council is exploring if a minor league stadium and team willboost the city's economy.
      Photo by WhisperToMe/Wikipedia
    • With Lance Berkman and the boys reporting to Astros training camp in Florida,it’s time for a quick look at baseball’s impact on Houston real estate scene.
    • Buffalo Stadium was located on the site of the Finger Furniture building on theGulf Freeway and was home to the Houston Buffs minor league baseball team from1928-1963.
    • Dell Diamond minor league park in the Austin suburb of Round Rock seems to be agood addition to the community.
      Photo by Jared Stump
    • The home plate entrance of the Dr Pepper Ballpark in Frisco, Texas.
      Photo courtesy of Frisco Roughriders

    Remember the advertising jingle: "Baseball, hot dogs, apple pie and real estate"?

    Of course you don’t remember...because the ad was about Chevrolet instead of real estate.

    It is interesting to note, though, how many real estate stories have some kind of baseball tie-in. And with Lance Berkman and the boys going through spring training camp, it’s time for a quick look at baseball’s impact on the Houston real estate scene.

    FIRST BASE: Finger Furniture Reopens

    After being out of business for about a year, Finger Furniture has just reopened its historic flagship location on the Gulf Freeway near the University of Houston. The massive store stands on the site of the old Buffalo Stadium, which was where Houston’s minor league baseball team played.

    Finger’s gives quite a nod to baseball history at the store with displays of museum-quality artifacts, such as pitcher Dizzy Dean’s old baseball glove. The historic home plate from Buff Stadium is another highlight.

    But the main thing at Finger’s, of course, is furniture: 200,000 square feet of showroom space, a 50,000-square-foot clearance center and a 250,000-square-foot warehouse. The latest reincarnation of Finger’s is led by Rodney Finger, a young member of the Finger clan, which has been selling furniture since 1927.

    Full disclosure: Before Finger’s was built, I went to kid’s baseball clinic at Buff Stadium. I was thrilled to get fielding tips from the great Bill Mazeroski of the Pittsburgh Pirates.

    SECOND BASE: New Sugar Land Stadium

    Minor league baseball works in suburban Austin, so why won’t it work in suburban Houston?

    The Sugar Land City Council wants to find out.

    Sugar Land city officials have signed an exploratory agreement with Opening Day Partners LLC, a group that develops minor league stadiums. Brooks Robinson, the famous third baseman who played for the Baltimore Orioles, is part of the development group.

    If all goes as planned, by 2012 a minor league stadium will be constructed and the new team will be playing at the intersection of U.S. Highway 59 and University Boulevard—near the University of Houston’s Sugar Land campus. A new hotel and a convention center would also be part of the package, which Sugar Land has designated as its Cultural/Entertainment District.

    And there will be the question, what shall we name the team?

    You might call the team “Sugarland Express,” which was the name of a 1974 Steven Spielberg movie starring Goldie Hawn. Or the Smart Growthers might suggest naming the team the "Sugar Land Sprawlers" in recognition of the fact that the stadium will be located—let’s phrase this nicely—a little bit outside the loop.

    The minor league ballparks aren’t huge—typically less than 10,000 seats. But the Dell Diamond minor league park in the Austin suburb of Round Rock and the Dr. Pepper Ballpark in Frisco (a suburb of Dallas) seem to be good additions to their communities.

    Full Disclosure: During the infamous major league baseball strike of 1981, when I was a young newsman, I covered a minor league baseball game in San Antonio where the San Antonio Missions played.

    THIRD BASE: My introduction to Kenneth Schnitzer

    Kenneth Schnitzer was a prolific developer who left his mark on Houston. He was also a baseball fan.

    Kenneth developed the 71-story Wells Fargo Plaza in downtown, Mexican resort property in Los Cabos and Greenway Plaza, the huge office park near the intersection of Buffalo Speedway and the Southwest Freeway. For years, I covered real estate for a Houston newspaper, so knowing him was important to me.

    And baseball gave me an early introduction to Kenneth. I had played baseball on the same team with his son.

    So Kenneth was good to me. He gave me tips about news stories and always took my phone calls. Playing baseball with a Schnitzer gave me something the other reporters didn’t have and I was grateful for it.

    Taking a reporter’s phone calls wasn’t always easy for Kenneth in the 1980s when the real estate market was in shambles and the Schnitzer empire was under financial pressure. Schnitzer’s S&L—the BancPlus Savings Association—was taken into conservatorship by federal banking regulators and I was always calling Kenneth about it, asking more questions.

    One morning, after I had written another brutal BancPlus story that led the newspaper’s business section, Kenneth called me at my desk in the newsroom.

    “You’d better call the cops,” he barked.

    It was kind of an unusual greeting, and I was surprised to hear Kenneth sounding so gruff, angry — and threatening. "Kenneth, is that you?"

    "You’d better call HPD right now because I’ve got my shotgun and I am coming down there to get you,” he said.

    It was the first time a major developer had threatened to blow my head off, but I had to laugh. Then Kenneth started laughing, too.

    He always took my calls, even on the day he was convicted by a federal jury on bank fraud charges. It was a great interview—he was open and authentic. And happily for Kenneth, the conviction was later thrown out by a federal judge and Kenneth was acquitted.

    In his office, there was a framed photo of Kenneth in his high school baseball uniform stepping on home plate.

    Kenneth was a great news source for me as a reporter. Without our baseball connection, it wouldn’t have been the same.

    Full Disclosure: Kenneth Schnitzer’s son was a lousy baseball player.

    Ralph Bivins, former president of the National Association of Real Estate Editors, is editor-in-chief of realtynewsreport.com.

    unspecified
    news/real-estate

    THE AMERICAN DREAM

    How long it takes to save for a home down payment in Houston

    Brandon Watson
    Dec 30, 2025 | 12:30 pm
    Home for sale sold sign
    iStock
    Houstonians don't have to save long to afford a down payment.

    Saving for a down payment remains one of the biggest barriers to homeownership nationwide, but a new report from Realtor.com shows San Antonio area buyers face a far shorter wait than most Americans.

    According to the real estate site’s 2025 analysis, the typical U.S. household needs seven years to save for a standard down payment, a notable improvement from the 12-year peak in 2022. Still, the timeline remains roughly double the pre-pandemic norm, reflecting higher home prices, larger down payments, and lower household savings rates.

    Houston, however, stood out as one of the most accessible major metros in the nation. The Houston-Pasadena-The Woodlands metro boasted one of the shortest time sto save for a down payment among the nation’s 50 largest markets, with households needing just 3.5 years to reach a typical down payment, according to the study.

    The report found that Houston’s median down payment from January through November was $14,927. A median household income of $83,452 was estimated to produce an annual savings of $4,228. Notably, San Antonio, the only other Texas city included in the report, had the shortest time to save for a down payment at just 1.3 years.

    Nationally, the time needed to save has shortened as home price growth cooled and affordability modestly improved. Still, saving for a down payment takes significantly longer than it did before the pandemic.

    “Higher home prices and intensified competition have pushed typical down payments higher, at the same time that inflation and rising household expenses have reduced savings rates,” said Danielle Hale, chief economist at Realtor.com, in a release. “Although conditions have improved since 2022, today’s timeline shows that saving for a home takes meaningfully longer than it did before the pandemic, especially in high-cost markets.”

    Lower savings rates have played a key role. The U.S. personal savings rate has averaged 5.1 percent of income so far in 2025, down from the pre-pandemic norm of 6.5 percent, limiting how quickly households can build funds for upfront housing costs. Meanwhile, the typical down payment has more than doubled over the past six years — rising from about $13,900 in the third quarter of 2019 to $30,400 in the third quarter of 2025.

    In high-cost coastal metros, the impact is far more severe. Saving for a down payment can take 20 to more than 35 years in California cities like San Francisco, San Jose, Los Angeles, and San Diego, effectively sidelining many first-time and moderate-income buyers.

    “In high-cost markets, the typical down payment alone exceeds a full year of household income,” said Hannah Jones, Realtor.com senior economic research analyst. “That reality makes homeownership feel unattainable for many buyers, particularly younger households trying to enter the market for the first time.”

    Despite those challenges, the report notes that roughly three-quarters of Americans still consider homeownership part of the American dream. Realtor.com says easing rents could help first-time buyers save more, while repeat buyers may use accumulated savings to reduce loan balances and manage higher monthly payments.

    “Saving consistently, even in small amounts, is a meaningful first step toward homeownership,” Jones said. “In today’s market, building that financial cushion can make a real difference when buyers are ready to act.”

    home marketeconomydown paymentshome ownershipreal estate
    news/real-estate
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