Real Estate News

  • Texas foreclosures fall, but more homeowners falling behind An increasing number of Houston homes may become distressed in the near future. The number of Houston homes currently in foreclosure may be falling, but future signs point toward a continued trend of distressed properties. August 31st, 2010 12:12pm
  • Buyers of Houston homes need to be aware of home transfer fees A reconveyance fee is usually added by a home's builder. There are a number of things to consider when purchasing a home. But one thing that home buyers in Texas need to be especially aware of is the issue of reconveyance and transfer fees. August 31st, 2010 11:59am
  • Texans remain financially stressed Texans are dealing with high levels of financial stress, particularly with housing. A new report says that Texas residents are dealing with increasing levels of financial distress. August 31st, 2010 11:59am
  • NAR: Commercial real estate is a "tenant's market" A new report says that commericial real estate is still slanted towards the tenant. The latest report by the National Association of Realtors says that while the commercial real estate market is beginning to show signs of stabilizing, it is still tilted towards the tenant. August 31st, 2010 11:38am
  • HUD chief says tax credit may return Officials are considering reinstating the first-time homebuyer tax credit. As he announced a pair of new government programs aimed at stemming foreclosures, Secretary of Housing and Urban Development Shaun Donovan said that the Obama administration remains open to the idea of reviving the first-time homebuyer credit, after its e August 30th, 2010 11:56am
  • New report highlights improving Houston schools A new report says that Houston schools are among the best in the nation. A new study on education systems in cities across the country says Houston has one of the most innovative programs in the nation. August 30th, 2010 11:55am
  • Many commercial borrowers now abandoning underwater properties Many commercial property owners have sent lenders their keys and walked away from their loans. It's not unusual to hear of homeowners who stop paying their mortgages for properties that aren't worth as much as their loans. But now, as the Wall Street Journal reports, many commercial property owners are also strategically defaulting on their propert August 27th, 2010 4:41pm
  • Twelve percent of Houston homeowners have upside down loans Twelve percent of local homes have underwater loans. A new study shows that a number of local homeowners are dealing with underwater mortgages. August 27th, 2010 4:31pm
  • Mortgage rates continue their record-setting drop Mortgage rates are now at a new low. Continually dropping rates are making a mortgage even more attractive for those looking at Houston homes for sale. August 27th, 2010 4:31pm
  • Clean energy could create a major boon for Houston real estate market A new report shows the potential economic impact of clean energy on the local economy. New research has shown that the development of wind and solar energy in the state could give a needed boost to the economy. August 27th, 2010 2:24pm
  • First few days of a listing are crucial A new study shows that online home listings generate the most buzz in their first week. Those trying to sell Houston real estate may want to pay attention. A new study shows that while you can lower your asking price later on, the first few days of a listing generate the most interest. August 26th, 2010 12:04pm
  • Texas home prices rise, beat national trend Prices for Texas homes are beating national trends. While home prices nationwide are decreasing, the price of Houston homes is growing. August 25th, 2010 5:16pm
  • Refinancing applications rise, but purchases drop again A growing number of mortgage applications are only for refinancing. While low interest rates are continuing to motivate homeowners to refinance their mortgages, they are still failing to significantly affect the number of loans for home purchases. August 25th, 2010 4:59pm
  • Industry changes lead to instability in local commercial markets Future plans for NASA will have a big impact on Houston's commercial real estate market. The traditionally stable market for Houston commericial real estate is now dealing with a great deal of uncertainty due to a number of industry changes, the Wall Street Journal reports. August 25th, 2010 12:04pm
  • Prices rise as July home sales see expected fall Both national and Houston home sales fell sharply for the month of July. The National Association of Realtors says that existing home sales dropped more than 27 percent in July following the expiration of the first-time homebuyer credit. August 24th, 2010 4:56pm
  • Percentage of first-time homebuyers plummets The percentage of home sales by first-time buyers is dropping. With the expiration of the federal tax credit, the percentage of first-time homebuyers making home purchases has seen a significant drop in the past month. August 24th, 2010 12:18pm
  • Study shows oil spill's effect on home sales The oil spill in the Gulf of Mexico has had a significant effect on the local housing market. A new study shows that the Deepwater Horizon Oil Spill has had a strong effect on home sales throughout the Gulf Coast, including inland regions. August 23rd, 2010 11:42am
  • Homeowners may be out of touch with value of Houston properties Many homeowners may be unaware that their home is worth less than they think. A recent survey shows that many homebuyers may not have a firm grip on the local Houston real estate market. August 23rd, 2010 11:42am
  • Drop in employment could exacerbate home sale issues Rising unemployment may make it tougher for many homeowners to pay their mortgage. After seeing job growth in Houston over each of the last five months, employers cut 17,000 jobs in July, according to statistics from the Texas Workforce Commission - which could lead to a rise in Houston foreclosures as homeowners struggle to pay their m August 23rd, 2010 11:39am
  • Banks loosening commercial lending standards Banks are easing commercial lendings standards. A new report shows that commercial lending standards are easing for the first time in four years, meaning that companies looking to purchase Houston commercial property may find credit more available. August 20th, 2010 12:45pm
  • Green features important for Houston homes Studies show that a home's green features are an added selling point. New research shows that home buyers are increasingly looking for energy efficiency while sorting through real estate listings. August 20th, 2010 12:44pm
  • Mortgage rates drop to record lows Mortgage rates have continued to reach record lows. Conditions for home buying are continuing to improve, as mortgage rates in the U.S. have continued their record-setting decline - setting an all-time low for the ninth-consecutive week, according to figures released by Freddie Mac. August 20th, 2010 12:44pm
  • Growing number of Americans don't ever plan on home ownership More Americans are content with renting, rather than becoming a home buyer. More Americans are souring on the idea of home ownership amid the current real estate market. August 19th, 2010 12:23pm
  • Houston property bargain-hunters may be left waiting Prices on Houston homes drop much less than the national average. A new study shows that while many home sellers around the country are slashing prices in order to get their homes to sell, those waiting for prices on Houston homes to drop may be better off pulling the trigger. August 19th, 2010 12:23pm
  • Houston home sales slow, but prices rise Home sales felt an anticipated drop in July as federal tax credits expired. Houston real estate sales dropped across all segments in July, according to the Houston Association of Realtors, a situation many expected after the expiration of the federal homebuyer tax credits which brought many prospective buyers into the market. August 18th, 2010 11:49am
  • Texas Association of Realtors launches new homebuyer education program A new website will help residents understand local homebuyer assistance programs/ The Texas Association of Realtors is launching a new online initiative aimed at improving awareness of the state's various housing-assistance programs. August 18th, 2010 11:46am
  • Missouri City named one of the country's best places to live Houston suburb Missouri City has earned a spot on a list of America's best small cities. One Houston suburb has earned its way onto a prestigious national list of cities. August 17th, 2010 5:40pm
  • Home-shoppers need to be aware of 'digital staging' Homebuyers need to be aware of possible alterations to online photos. Staging a home for sale - moving in attractive furniture to make it look nicer - is nothing new in the real estate industry. But as the Washington Post reports, many people are now running into the problem of "digital staging." August 16th, 2010 1:45pm
  • Texas accounts for many of country's short sales Texas homebuyers are taking advantage of short sales. Short sales have become an increasingly common way for homeowners to avoid foreclosure and get rid of underwater homes. A recent report has found that Texas residences, along with three other states, make up over half of these home sales in the U.S. August 12th, 2010 11:16am
  • Underwater homeowners get more refinancing options A new government program will help homeowners with underwater mortgages. Refinancing a mortgage for many homeowners is the opportunity to lock in a low fixed interest rate and make smaller monthly home loan payments. But for some people, it now means being given the chance to swim out from underneath their underwater home loan August 11th, 2010 9:59am
  • Home values falling across the country Home values keep on falling. Although experts say the economy is experiencing modest gains, it may be hard to see them in the real estate market. A recent report found that home values keep on dropping. August 10th, 2010 4:38pm
  • Home security system solicitors making rounds in The Woodlands A burglar alarm is something everyone should consider. Summer is the busy season for home security door-to-door salespeople because this time of the year is a high-crime time. However, recent reports from a local watch organization indicates that people owning The Woodlands real estate should take some precau August 10th, 2010 4:31pm
  • Home sales slowing down nationally U.S. home sales are slowing down. The spring was a busy season for home buying, but the normally busy summer months have experienced an unexpected slowdown in sales. August 10th, 2010 3:09pm
  • Insurance risks come with vacant homes Vacant homes are more likely to be broken into. Home selling has been quite the challenge for some people due to the down economy. Even though some homeowners haven't been able to find a buyer, they leave their properties vacant, increasing the home's insurance risk. August 10th, 2010 3:02pm
  • Another resource for struggling homeowners A new website will help homeowners struggling financially. Although there are numerous resources available for homeowners who are struggling to make their mortgage payments, it's been difficult for them to separate what's really going to help them from the many fraudulent offers that have popped up recently. August 9th, 2010 3:40pm
  • Texas home sales keep on rising Home sales in Texas keep improving. Further proof that the Texas economy is looking up is the latest Texas Quarterly Housing Report. August 9th, 2010 10:58am
  • Neighborhoods benefit from mortgage assistance programs Receiving mortgage assistance helps some families buy a home. The last few years have not been financially kind to consumers, making it all the more difficult to secure a mortgage loan. Housing prices have suffered, as have the neighborhoods they are located in. August 6th, 2010 11:20am
  • Houston economy more on par with nation's Houston's housing market experienced setbacks recently. While the Houston real estate market has fared relatively well compared to other parts of the country, recent reports indicate it may be starting to experience similar downfalls. August 5th, 2010 1:41pm
  • Commercial real estate market needs more credit options The commercial real estate market needs more lenders to extend credit. The National Association of Realtors is pleading with government officials to open up more credit options for commercial real estate. August 5th, 2010 8:38am
  • Too few homeowners know about federal mortgage modification program To reduce foreclosures, more homeowners need to learn about the government's Making Home Affordable Program. Even though it began in February 2009, the number of homeowners taking advantage of the federal government's Making Home Affordable Program has been dismal compared the amount that are struggling to make their monthly payments. August 4th, 2010 10:05am
  • Housing finance will be reliant upon mortgage insurance Private mortgage insurers want to help the lending industry. The lending industry has seen better days, but those working in the mortgage insurance sector are confident that they can help bring it back to life. August 3rd, 2010 3:23pm
  • Making sure a mortgage modification application is reviewed Paperwork for mortgage modifications must be filled out correctly. In an attempt to avoid foreclosures and short sales, many homeowners throughout the country are trying desperately to get a mortgage modification for their home. However, it's been much more difficult than many had anticipated. August 3rd, 2010 11:13am
  • Check is still most popular form of rent payment Most people still write checks to pay their monthly rent. With the advent of online bill paying for everything from credit cards to electricity bills, it may be surprising to some that the majority of people leasing a place still pay their rent every month with a paper check. August 2nd, 2010 10:38am
  • Houston great city for young adults Houston is a great city for recent college graduates. Houston has recently been named one of the top 10 cities in the country for young adults to live. August 1st, 2010 6:26pm