Houston Daily

The home at 6505 Fm 723 Road, Richmond was sold on July 3 by D. R. Horton-Texas Ltd. and Dr Horton Texas Ltd. for $587,120.

The buyers were Khurram Munawara and Mona Mukaty Munawara.

The property tax paid for this property in 2020 was $13,128. This is 2.2% of the assessed value of the home.

This property is one of 68 sales in Richmond (Fort Bend County) from June 3 to July 3.

This story was found on BlockShopper.com.

The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.