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    remembering martha turner

    Houston's empress of real estate Martha Turner passes away at 81

    Steven Devadanam
    Apr 8, 2022 | 2:22 pm
    Martha Turner headshot
    Martha Turner turned a fledgling real estate business into a $2.5B empire.
    Photo courtesy of Martha Turner Sotheby’s International Realty

    Houston’s matriarch of real estate has passed away. Martha Fuller Turner, the pioneering, self-made, consummate local success story, died in Houston, surrounded by her family. She was 81.

    “We are heartbroken over Martha’s passing,” Robin Conner, president of Martha Turner Sotheby’s International Realty, tells CultureMap. “She was a deeply respected leader in the Houston real estate community and an inspiration, friend, and mentor to us all. Last year, Martha Turner Sotheby’s International Realty celebrated 40 years of excellence, and, in her honor, we will continue her legacy by upholding the values she established so many years ago. We are so fortunate to live out her vision and I will be forever grateful for the opportunity she gave us all to be successful.”

    The real estate icon who watched her empire grow to $2.5 billion in sales (as of 2021) was born in the East Texas town of Hemphill in 1940. She credited her young days of helping in her parents’ feed store — Fuller's Dry Goods, Feed, Seed, and Fertilizer — for developing her work ethic — for which she was legendary. The graduate of North Texas University married and launched a 15-year career as a teacher, often supplementing her income by selling wigs and even encyclopedias door-to-door.

    Her teaching post at River Oaks Baptist School was her longest; here, she would begin building and selling houses, generating a passion for real estate. She retired in 1979, secured a real estate license, and sold her first house that year for $78,000. Two years later, the unflinching Turner launched the fledgling Turner Owens Real Estate company in a harsh local economic climate. That company would become the familiar Martha Turner Properties in 1986.

    “I have a God-given talent and it is a gift that I was given,” Turner once said. “The gift of communication first, and the gift of selling.” Both gifts served Turner well as she grew her independent firm, stressing “excellence” as a company brand pillar, attention to detail, and ultra-personalized customer service. Her mantra: “The more you listen, the more houses you will sell.”

    A keen networker and master of word-of-mouth referrals, Turner applied a simple formula to her work: “As I began to get more listings, whether it was for a $70,000 house or one for $200,000, I gave the client the same service,” she explained to the Houston Business Journal. “I gave exceptional service and stayed in touch. My clients in turn referred their friends to me. It is the cheapest advertising you can do, and my business started to multiply.”

    It didn’t take long for the industry to notice such multiplying success, and in 2009, Turner was inducted into the Texas Business Hall of Fame — at that time, she was one of only seven women to be so honored. Five years later, she sold her firm to Sotheby’s International Realty for an undisclosed price, creating what is now the Martha Turner Sotheby's International Realty brand.

    Turner stepped down from day-to-day management in 2015 and embraced her chairman emeritus role, but never stepped away from civic, philanthropic, and social work. She was a familiar face at A-list social events and an ardent advocate for women (especially in business), the arts (she minored in music in college), and, fittingly, education. Socially, Turner was gracious, kind with a word, and displayed trademark humility that belied her local, regional, and national success.

    Nurturing 40 years of business growth, a household brand, $2.5 billion in sales, and an army of colleagues, coworkers, devotees, satisfied customers, and fans might not have been the future the young teacher from Hemphill may have envisioned, but it’s one she crafted with her immovable core values.

    “To be successful,” Turner once said to Conner, “you have to love what you do, love the people around you, make everyone feel special, and realize that you are the only person in charge of your life.”

    deaths
    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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