Real Estate News

  • Job growth could start boost in housing Job growth for new home construction could start a housing market recovery. While the housing construction market has been one of the slower parts of the economic recovery this year, a jump in job growth could drive housing start levels to a three-year high next year. December 30th, 2010 12:27pm
  • Foreclosure inventories rise again The number of foreclosed homes has continued to grow. The impact of foreclosures should continue to be felt in real estate markets across the country in the coming months, as the number of distressed properties has risen. December 29th, 2010 7:29am
  • National home prices continue to slide Falling home prices could put homes into range of more buyers. Economists say home prices nationwide may soon be heading for a double-dip, as the latest S&P/Case-Shiller home price index showed that home values have continued to slump following the expiration of the first-time homebuyer tax credit. December 29th, 2010 7:27am
  • Report: Home prices have fallen following tax credit Buyers nationwide have found lower home prices over the last few months. Even though the national economy appears to be turning around, a new report finds that home prices nationwide have maintained a steady slide since the federal homebuyer tax credit expired earlier this year. December 28th, 2010 7:44am
  • Houston among the nation's strongest housing markets Home prices in Houston should continue to grow next year. While many areas across the country have seen prices fall this year, a new report says that Houston real estate market has been one of the strongest, and most stable nationwide. December 28th, 2010 7:42am
  • 2011 to see widened commercial real estate investment Commercial real estate may be much more active next year. While commercial real estate deals this year have been subdued in most areas, a survey of investors by PricewaterhouseCoopers finds that interest in secondary markets may return next year. December 28th, 2010 7:41am
  • New home sales show November improvement Sales of new homes picked up in November. After slipping last month, data from the Commerce Department shows that the sales of newly built homes rebounded slightly in November, as the overall economy continued to improve. December 27th, 2010 8:01am
  • Low mortgage rates a key factor in improved home sales National home sales figures improved in November. Data from the National Association of Realtors shows that following a slight hiccup in October, existing-home sales nationwide have resumed their upward trend, and are now pointing toward an improved real estate market next year. December 23rd, 2010 10:54am
  • Fannie Mae upgrades 2011 economic forecast Improving jobs figures may bring more potential buyers onto the market next year. Resurgent jobs numbers and other improvements in the overall national economy have led mortgage giant Fannie Mae to upgrade its forecast for next year. December 23rd, 2010 7:57am
  • Houston Real Estate Observer website launched The Houston Real Estate Observer will be another place for Houston residents to relevant and local real estate news. Mark W. Martin, the principal broker for local Houston real estate firm 2M Realty, has now launched a new website, the Houston Real Estate Observer, which will allow real estate agents from throughout area to voice their own opinions about what is going o December 22nd, 2010 11:50am
  • Rising interest rates actually motivating buyers Rising interest rates are helping many buyers get off the fence. While higher interest rates have made buying Houston homes and others around the country more expensive, a new report finds that they're also jarring quick action from potential buyers. December 22nd, 2010 7:48am
  • Local home prices set another monthly high Although sales have been slow, prices in Houston are still high. Home prices in the Houston real estate market continued to set records in November, despite a slow rate of sales that has persisted over the past few months. December 21st, 2010 11:40am
  • Houston's commercial real estate expected to flourish in '11 There is optimism for the commercial real estate sector next year. At an annual breakfast to discuss the progress of the commercial sector of the Houston real estate market, representatives from some of the major real estate and development companies who deal with Houston properties expressed optimism for 2011. December 20th, 2010 12:24pm
  • Foreclosures plummet due to lender freezes Foreclosures dropped nationwide in November. As many banks across the country halted their foreclosure processes this fall, the number of foreclosures dropped dramatically nationwide, according to a report from RealtyTrac. December 20th, 2010 12:23pm
  • New home sales show first rise since August New home construction has increased. Data from the Commerce Department shows that housing construction is improving, as builders remain optimistic about the oncoming spring season. December 17th, 2010 11:42am
  • Drive for homeownership true across races The desire to buy a home crosses cultural lines. A survey by Fannie Mae says that while the homeownership rates of minorities across the country lag behind the national average, the desire of those people to become homeowners in the future remains quite strong. December 17th, 2010 7:49am
  • Mortgage rates continue to climb Mortgage rates are continuing to rise. Driven by a strengthening economic picture, mortgage rates rose sharply last week, according to a weekly survey by the Mortgage Bankers Association. December 16th, 2010 7:46am
  • Consumers not shopping around for home loans Many borrowers are simply taking the first loan quote they are given. During this time of year, consumers are spending a lot of time shopping around, looking for deals. But a new study says that one thing people aren't shopping around for is their mortgage. December 15th, 2010 8:36am
  • Houston single-family home prices, inventory fall The number of single family homes still on the market has dropped. A new report says that while the values of Houston homes may have fallen in November, the decrease was accompanied by a drop in inventory that bodes well for the market's future. December 15th, 2010 8:35am
  • Economists call for mortgage standards to loosen Mortgage lenders remain very restrictive in terms of mortgages. A number of economists say that while they can understand why banks tightened their lending standards following the housing crisis, lenders have now tightened their grip too much, and are restricting the flow of mortgages so much that it's holding back th December 15th, 2010 8:33am
  • Negative equity rises slightly in Houston Negative equity statistics have gone slightly downhill locally. The latest data from CoreLogic shows a slight increase in the number of Houston homes that have "underwater" loans, which may lead to more foreclosures and make it harder for those homeowners to refinance. December 14th, 2010 9:39am
  • Houston home sellers not slashing prices Compared to the rest of the country, sellers in Houston aren't having to cut their prices. The number of price-reduced homes across the country have risen sharply in the last month, but the sellers of Houston homes aren't cutting prices as much as those in many other cities. December 14th, 2010 9:37am
  • Lenders say medical debt issues hurting borrowers Neglecting to pay even a small medical bill can have serious credit score consequences. Mortgage bankers say that medical debt issues - sometimes unknown to consumers - are throwing a monkey wrench into many potential home sale and refinance applications, as they drag down borrowers' credit scores, according to the Wall Street Journal. December 13th, 2010 9:20am
  • Houston prices remain steady despite nationwide drops Home prices in Houston are staying relatively strong. Despite a higher than normal level of foreclosure sales over the past few months, a report from Clear Capital shows that the prices on Houston homes have still remained relatively strong compared to the overall national trend. December 10th, 2010 8:56am
  • Texas job numbers remain strong Improved job numbers could help more families looking to move into a new home. Another drop in the number of initial jobless claims across the country continues to give credence to the notion of an improving national economy. December 10th, 2010 8:53am
  • Americans desire for homeownership tempered by economy The decision to rent or buy continued to be affected by the economy. A new survey by Fannie Mae finds that while many homeowners still feel strongly about buying a home, they also remain realistic about the current state of the market. December 10th, 2010 8:51am
  • Report: U.S. homes have lost $9 trillion Homes across the country have lost a staggering amount of value in the last few years. A report by the Seattle-based real estate website Zillow says that by the end of this year, homes across the U.S. will have lost a total of $1.7 trillion in value this year alone and $9 trillion compared to peak levels. December 10th, 2010 8:48am
  • Mortgage rates hit four-month high Mortgage rates are continuing to rise. After approaching all-time lows just a few weeks ago, the latest report from the Mortgage Bankers Association finds that interest rates for Houston homes are now back up to levels last seen over the summer. December 9th, 2010 11:28am
  • Polls finds Americans don't see housing recovery coming soon Foreclosures are playing a major role in consumers' poor opinions of the housing market. A new Harris Interactive survey conducted for RealtyTrac and Trulia finds that many Americans are very pessimistic about the state of the housing market, and most feel that a recovery is still years away. December 9th, 2010 11:25am
  • Speed building for commercial real estate recovery Commercial real estate may soon be on its way up. A new report by Deloitte says that the national commercial real estate market is showing continued signs of turning around, and a recovery may be around the corner. December 8th, 2010 11:44am
  • Houston housing inventory continues decline The number of available homes in Houston continues to fall. The number of Houston homes on the market continues to dwindle, according to a new report, reducing the backlog of available properties and moving the local real estate market closer to balance. December 8th, 2010 11:42am
  • Report: Real estate market to improve in 2011 A forecast by Freddie Mac's chief economist paints an optimistic real estate picture. The Houston real estate market has seen slow home sales over the past few months following the expiration of the first-time homebuyer tax credit. But Frank Nothaft, the chief economist at Freddie Mac, says that continued housing affordability should help December 7th, 2010 8:43am
  • Commercial property prices rebounding Commercial property prices are showing strong improvements. A new report says that while commercial property prices still haven't made up for all of the value that they lost during the recession, they have rebounded sharply over the past year and a half. December 6th, 2010 12:07pm
  • Toll Brothers reports buyers continue to wait Home builder Toll Brothers is tempering its expectations. As the economy continues its slow recovery, luxury home builder Toll Brothers - which specializes in move-up buyers and others with high levels of financial security - says that low interest rates aren't enough for some buyers who remain skittish about th December 6th, 2010 12:05pm
  • Some Glenbrook Valley residents fighting historic preservation ruling Residents in one Houston neighborhood are arguing over whether it should become a historical district. Some residents in the Glenbrook Valley neighborhood are protesting a petition for historic designation, saying that many of the signatures on the petition are invalid or residents were told to sign it under false pretenses, KTRK-TV reports. December 6th, 2010 11:56am
  • Elimination of mortgage interest deduction remains hot topic The mortgage interest deduction remains in place, at least for now. A proposal to eliminate the mortgage interest tax deduction will not be passed along to Congress, after the budget plan, which the Mortgage Bankers Association says would be a major blow to the Houston real estate market and the economy as a whole, failed December 3rd, 2010 11:42am
  • Report: Home prices to remain stable through 2011 Economists at the University of Chicago expect home prices to remain steady. A report from the University of Chicago's Booth School of Business says that home prices will likely remain stable throughout 2011 - without gaining or losing much value - as the economy continues relatively stagnant growth. December 3rd, 2010 11:40am
  • Texas home sales fall in October Home sales in Texas have slowed. Statewide home sales struggled during the month of October, according to the Texas A&M Real Estate Center, falling well below levels from last year. December 3rd, 2010 11:37am
  • Houston foreclosures skyrocket in third quarter Foreclosures made up 12 percent of homes sold in Texas. Almost 12 percent of residential properties sold in Texas in the third quarter of this year were in some stage of foreclosure, according to a recent report from RealtyTrac. December 2nd, 2010 11:11am
  • Purchase activity gains steam while refinancing slows Refinancing activity has slowed significantly. Interest rates have continued to linger relatively close to their all-time lows, which has continued to motivate home sales throughout the country over the last few weeks, according to the latest weekly survey by the Mortgage Bankers Association. December 1st, 2010 11:11am