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    Real Estate Round-up

    Mammoth Texas Medical Center set to grow even more: Look south, young doctors

    Ralph Bivins
    Jul 11, 2011 | 11:27 am
    • The $65 million Menninger Clinic will be completed in 2012.
      Photo by Ralph Bivins
    • Master plan for the Menninger Clinic
      Rendering courtesy of Menninger Clinic
    • Patient unit at the Menninger Clinic
      Rendering courtesy of Menninger Clinic
    • The Mennginer Clinic campus is under construction in southwest Houston.
      Photo by Ralph Bivins

    The ambitious new Menninger Clinic construction project — billed as the nation’s “epicenter for mental health” — is stretching the boundaries of the Texas Medical Center.

    The Texas Medical Center, already the biggest in the world, is going to grow a lot more in the years ahead. And Menninger is making a $65 million bet that the growth is going to spread to the south.

    The Menninger Clinic, recognized as one of the finest psychiatric treatment organizations in the world, is building a 50-acre campus out South Main, near South Post Oak Road. It sounds like it’s a long way from the Medical Center, but it’s really not. With overpasses and freeway-like improvements out on Main Street/ Highway 90, you can drive from the Menninger site to the Medical Center in five minutes.

    The beginnings of several buildings are already standing on the Menninger property, a huge piece of scraped dirt that is not much to look at in its present state. But by next summer, the site will have a 120-bed hospital in a low density, landscaped setting. And over the next decade that will be followed up with outpatient services buildings, a depression center, education center and an office building to house the headquarters of various mental health organizations.

    Thinking Texas Big

    The Menninger Clinic relocated from Kansas to Houston in 2003. Menninger has adopted a Texas-style appetite for growth, harkening back to the pre-Alaska days, when Texas was the biggest state in the union.

    The Texas Medical Center, already the biggest in the world, is going to grow a lot more in the years ahead. And Menninger is making a $65 million bet that the growth is going to spread to the south.

    “Our goal is to transform Houston into the nation’s epicenter for mental health treatment, research, education and advocacy,” Menninger Clinic president Ian Aitken says. “We intend to do for mental illness what M.D. Anderson has done for cancer.”

    Of course, the Menninger Clinic has the credentials to back this up. Menninger is consistently rated among the top 10 psychiatric hospitals in the nation by the annual U.S. News & World Report rankings. It is affiliated with Baylor College of Medicine and Methodist Hospital and Menninger staffers are on the faculty at Baylor.

    So when Menninger aims to become the nation’s “epicenter of mental health,” you get the feeling it’s not typical Texas braggadocio.

    Menninger officials had hoped to build the facility years earlier, but the recession pushed back the timetable. Construction is going at full-speed now with scores of workers on the site daily.

    The Footprint Gigantic

    The Menninger Clinic wanted a large campus with ample room for buildings and grounds. Mental health treatment can be conducted outdoors as patients and therapists stroll around the campus — keeping physically active is ideal for patients.

    But large pieces of affordable property are hard to find in the existing Medical Center. So Menninger went to the south where land was more plentiful and affordable, says Menninger spokeswoman Nancy Trowbridge.

    Plus the future growth of the Medical Center will be going to the south, Trowbridge says.

    The Medical Center is blocked from growth to the west by Rice University. Hermann Park and the Houston Zoo hem it in from the north. The west has Highway 288 and existing neighborhoods. So growth to the south — where there is still a lot of vacant and underutilized acreage — is the best option.

    It’s highly unlikely that the Texas Medical Center will ever go — with official or unofficial boundaries — as far as the Menninger site. But the Menninger Clinic will serve as a southwestern anchor for the Medical Center and Menninger will influence more medical growth on the south side of the Medical Center in years to come as a magnet pulling more medical related development to the south.

    Ralph Bivins, founding editor of RealtyNewsReport, is a past president of the National Association of Real Estate Editors.

    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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