Houston Daily

The home at 5506 Fm 2977 Road, Richmond was sold on July 28 by Khorshed Hussein Amr, Lena Almasri, Said Saleh Billal and Billal Said Saleh for $113,870.

The buyer was Le Nhu Quynh.

The property tax paid for this property in 2020 was $1,523. This is 1.3% of the assessed value of the home.

This property is one of 69 sales in Richmond (Fort Bend County) from June 28 to July 28.

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.