Real Estate News

  • Mortgage rates reach record lows once again Mortgage rates have once again reached record lows. New data shows that mortgage rates have once again reached their all-time lows, as Houston homes, and those around the country, remain at the most affordable levels in years. September 30th, 2010 11:11am
  • Reduced demand for Texas foreclosures in second quarter Houston foreclosures have seen reduced buyer demand. A new report says that the number of foreclosure sales in Texas fell in the second quarter of this year, countering the national trend, which saw foreclosure sales increase by 5 percent. September 30th, 2010 11:10am
  • Japanese developer to expand Cinco Ranch community A Japanese developer plans to expand Cinco Ranch. The Japanese residential development firm Sekisui House has partnered with the Newland Real Estate Group to purchase nearly 500 acres of undeveloped land in west Houston for the expansion of the Cinco Ranch master-planned community. September 30th, 2010 11:06am
  • Houston home values show modest growth since '03 While home values have fallen recently, long-term growth in Houston has been strong. Nearly every market across the country experienced rising home prices in the early part of the decade, only to see them fall away over the past few years. But a new study shows that homeowners who rode out the rise and fall have seen new growth over the p September 30th, 2010 11:02am
  • Montgomery County home sales drop again Home sales in Montgomery County dropped for the second straight month. Homes sales in Montgomery County saw their second consecutive monthly decline in August, although the decline wasn't as steep as the previous month. September 30th, 2010 10:54am
  • Texas economy adds 133,000 jobs A rise in jobs should boost the Texas real estate market. The Texas economy has added more than 133,000 jobs over the past 12 months as most cities saw improved job growth, and job losses in Houston have now stopped, according to the Texas Workforce Commission. September 29th, 2010 6:42am
  • Report: Foreclosures rise, but delinquent mortgages continue to decline The foreclosure rate in Houston has risen. While the rate of Houston foreclosures reached its highest point in the last 19 months in July, future indicators show that homeowners in the city are doing a much better job of paying off their mortgages, according to a new report by CoreLogic. September 29th, 2010 6:38am
  • National home prices continue to rise The prices of homes nationwide have continued to grow. A new report on home values around the country shows that while home prices in many cities across the country have continued to grow, the declining rate of growth may suggest that prices are beginning to level off. September 28th, 2010 7:11am
  • Houston continues to show drop in construction jobs The Houston construction economy has shed a number of jobs in recent months. Faced with a poor market for the development of new Houston properties, construction companies in the city shed another 11,200 construction jobs over the last year, according to the Associated General Contractors of America. September 28th, 2010 7:09am
  • Houston to see largest growth in home prices over the next year The value of Houston real estate is expected to show strong growth in the coming months. A new study says that the Houston real estate market will see the best improvement in home prices over the next 12 months, while other cities in Texas are also expected to show strong returns. September 28th, 2010 7:04am
  • Compromise appears near on Houston NASA layoffs A compromise on NASA funding and jobs may be reached soon. A compromise on potential NASA layoffs appears to be close, as Senate leaders have now passed a bill that would save approximately 350 of the 1,100 contractor jobs at Houston's Johnson Space Center that were due to be eliminated. September 28th, 2010 7:01am
  • Nearly 30 percent of buyers won't qualify for a mortgage Many potential homebuyers may be unable to get a mortgage. As home sales continue to struggle, a new report says that tightened lending standards will disqualify most potential borrowers from getting a loan. September 28th, 2010 6:58am
  • GMAC controversy may delay housing recovery Analysts say the GMAC foreclosure controversy could seriously set back the economic recovery. Economists say that if the controversy over foreclosures by GMAC continues, it may delay the eventual recovery of the housing market by keeping home prices from bottoming out, Bloomberg reports. September 27th, 2010 7:36am
  • Houston named among best communities for youths Houston has been named one of the top places in the country for young people. A new study has named Houston one of the best communities in the country for young people. September 27th, 2010 7:33am
  • First-time buyers leading movement towards smaller homes First-time buyers are trending towards smaller homes. A new study shows that first-time homebuyers are leading a trend in the housing market towards smaller - and less expensive - homes. September 27th, 2010 7:29am
  • Delinquent Texas mortgages fell in second quarter A new report finds that Texas homeowners are getting better at paying their mortgages. Data from the Federal Reserve Bank of Dallas shows that the number of foreclosures in the state may continue to fall in the coming months. September 27th, 2010 7:25am
  • Steady rate of new home sales hides regional decline Sales of new homes have continued to be slow. While the nationwide sales of new homes failed to show further declines last month, they also failed to improve, and a closer look reveals significant drops in some parts of the country, including locally. September 24th, 2010 6:28am
  • Texas AG investigating GMAC foreclosures Texas officials are investigating the foreclosure practices of GMAC. Texas Attorney General Greg Abbott has launched an investigation into the controversial foreclosure practices at GMAC that forced the company to issue a notice last week suspending foreclosure evictions and sales. September 24th, 2010 6:24am
  • National existing home sales bounce back National home sales rebounded in August. After a severe drop-off in July following the expiration of the federal tax credit, sales of existing homes nationwide rose significantly last month. September 23rd, 2010 12:49pm
  • Texas MLS listings remain below '09 levels Texas home sales have recovered from last month, but are still below last year's levels. Data from Texas Multiple Listing Services shows that statewide home sales showed a slight rebound compared with last month, but still significantly trail last year's figures. September 23rd, 2010 6:40am
  • Senate passes extension to flood insurance bill, House to follow soon An extension to the flood insurance bill would allow home sales in flood plains to continue unhindered. The Senate has passed an extension for the National Flood Insurance Plan, and House leaders have pledged similar action, meaning that the sales of Houston properties should be able to continue unhindered in a delicate housing market. September 23rd, 2010 6:33am
  • Houston properties remain relatively affordable Houston homes are very affordable compared to some real estate markets. A review of home listing data finds that Houston homes are among the most affordable in the state and in the country. September 23rd, 2010 6:27am
  • Analyst: Economy "turning the corner" A leading Texas economist says that talk of the recession ending may be premature. Local economists say that the economy is beginning to make headway in its slow recovery from the recession. September 22nd, 2010 6:15am
  • Houston home sales drop again in August Sales of Houston homes dropped again in August. For the second consecutive month, the sales of Houston homes have lagged behind last year's numbers, although August's drop was not nearly as drastic as July's 25 percent freefall, according to the Houston Association of Realtors. September 21st, 2010 12:44pm
  • Texas' rise in personal incomes among highest nationwide Growing incomes in the state could help prevent foreclosures. Residents in the Lone Star State have seen one of the largest increases in personal income in the country over the last quarter. September 21st, 2010 6:53am
  • CityCentre plans to add two more buildings Construction on two new CityCentre buildings is expected to start next year. The developers of the west Houston-based CityCentre project say that they are running out of space in their existing buildings, and they now plan to add two additional office towers to keep up with demand. September 21st, 2010 6:39am
  • Homebuilder confidence remains low Homebuilders remain unconfident about the current market. Confidence among homebuilders nationwide has remained low this month, according to the latest figures from the National Association of Home Builders. September 20th, 2010 6:04am
  • Statistics surrounding Houston foreclosures encouraging Distressed properties remain a lesser problem for Houston home prices. A new report says that while there are still a significant amount of foreclosured Houston properties on the market, the number of those homes should decline in the coming months. September 20th, 2010 5:59am
  • Commercial real estate strengthening While the national market is picking up, the office market in Houston remains uncertain. A new report says that despite the continued effects of the recession, the nationwide commercial real estate market is picking up steam. September 20th, 2010 5:56am
  • Home sales in Houston planned communities among best nationwide Homes in many Houston-area developments have showed quick sales. A new report says that while sales in master-planned communities have taken a big hit in recent months, several developments in the Houston real estate market are among the fastest-selling in the country. September 20th, 2010 5:53am
  • Houston is a popular location among artists Houston has become a popular residence for artists. While there are a number of factors which draw people to Houston, the website CultureMap says that the city has become a haven to a number of artists who decide to call it home. September 17th, 2010 1:21pm
  • Houston ranks in top 10 of recession-proof cities Houston's economy held up well during the recession. While nearly every area around the country has had serious issues over the last few years, a new study says that Houston area has weathered the storm much better than most. September 16th, 2010 11:13am
  • Foreclosed Houston properties on the rise Banks are foreclosing on a growing number of Houston homes. As the number of foreclosures nationwide continued to rise last month, that increase has only accelerated in the Houston real estate market, according to data from RealtyTrac. September 16th, 2010 11:12am
  • Fannie Mae changes course, predicts continued housing decline Fannie Mae is predicting a drop in overall home sales this year. Poor results in the year's second quarter has led Fannie Mae to adjust its estimates for the performance of the national real estate market for the rest of the year. September 16th, 2010 4:33am
  • Luxury markets countering trend of dropping sales The luxury homes market is performing significantly better than overall trends. While home sales overall have continued to drop, the situation seems to be much more stable in luxury markets. September 15th, 2010 11:40am
  • Report: Prices for Houston homes continue to fall A new report says home prices in Houston fell in August. A new report shows that the prices of homes in the Houston real estate market continued their fall last month, driven by a continuing rise in housing inventory. September 15th, 2010 11:37am
  • Price reductions hit highest levels of 2010, but some markets improve Many home sellers are cutting their prices in order to make a sale. The number of home listings with price reductions has now reached a new high for this year, according to a new report from California-based website Trulia. September 15th, 2010 11:17am
  • National home prices flat, but declines show in more areas Home prices in Houston are ahead of national figures. A new report says that while home prices nationwide have remained flat over the past year, declines are being found in more areas. September 15th, 2010 5:42am
  • Houston remains country's largest housing market Houston home builders continue to outpace the rest of the country. Despite a significant drop in building permits for Houston homes, the city has retained its top spot as the largest housing market in the country. September 15th, 2010 5:32am
  • Green building practices gaining more momentum Green construction is becoming much more prevalent. New home builders are increasingly turning to green building practices. September 14th, 2010 6:06am
  • Report says real estate double dip unlikely this year A new report says a double dip in the Houston real estate market is unlikely. The recent drop in the Houston real estate market - along with those across the country - has fueled speculation that the housing market could be heading for a "double dip," where prices fall below their 2009 lows. But a new study says that tren September 13th, 2010 1:57pm
  • Mortgage expert proposes government "value gap coverage" A proposed mortgage plan would help underwater borrowers reduce their costs. It's not news that the housing crisis has left a number of homeowners - through no fault of their own - stuck paying off mortgages that are now worth more than their homes. As Fortune Magazine reports, the idea of "value gap coverage," proposed September 10th, 2010 4:15pm
  • Fed reports modest economic expansion, but slow sales for Houston homes Home sales were one of the few areas which have showed a decline in the region. The latest "Beige Book" survey by the Federal Reserve says that the Dallas Region - which contains the entire state of Texas along with parts of Louisiana and New Mexico - showed modest growth over the past six weeks, although housing continued September 9th, 2010 4:29pm
  • HUD announces $3.3M to purchase Houston foreclosures Additional funding will allow local nonprofits to rehabilitate foreclosed homes in the area. As part of its third round of grants for its Neighborhood Stabilization Program, the Department of Housing and Urban Development has announced an additional $1 billion in funding for the purchase of foreclosed homes across the country. September 9th, 2010 12:04pm
  • Realtors seeing increase in Houston-area land deals Real estate agents say they're seeing an uptick in Houston land deals. A number of Houston real estate agents say that they are seeing a growing number of residents who are looking to get out of the city, and move into more rural communities in the region, such as Conroe, the Woodlands-based magazine The Paper reports. September 9th, 2010 11:59am
  • Houston is the most popular moving destination Last year, Houston had more inbound movers than any other U.S. city. Statistics show that people are moving to Houston homes more frequently than any other U.S. city. September 7th, 2010 10:28pm
  • Houston MLS listings fall in August The Houston real estate market showed a reduction in inventory last month. A new report says that the number of Houston homes for sale fell last month. September 7th, 2010 10:27pm
  • New tool allows homebuyers to research availability of public transit A new online tool helps homebuyers look for nearby public transit. A new online tool can help potential homebuyers research the availability of public transit near any of the Houston homes for sale they may be considering. September 7th, 2010 10:26pm
  • Price-reduced homes continue to increase A growing number of home sellers are dropping their prices. As sellers continue to compete for what appears to be a shrinking market of prospective buyers, more home sellers are continuing to drop their asking prices. September 7th, 2010 12:52pm
  • Houston employers still hesitant to hire A lack of job growth would hinder the Houston real estate market. A new report shows that while the local economy is faring much better than many across the country, Houston employers are not ready to hire many new workers, which could keep the Houston real estate market in a depressed state in the coming months. September 7th, 2010 12:52pm
  • Report: Second half of 2010 holds "significant challenges" for housing market The housing market will face continuing challenges this year. While the prices for Houston homes and those across the state have stabilized over recent months, the local housing market will face a challenging environment over the next few months, according to a new report by the Real Estate Center at Texas A&M U September 7th, 2010 12:51pm
  • Interest rates continue freefall Interest rates have continued to reach record lows. The latest data from Freddie Mac shows that mortgage rates have continued their historic fall, making it easier than ever for prospective buyers to afford Houston homes. September 7th, 2010 12:51pm
  • Pending home sales report gives hope to Houston real estate market A new report shows that pending home sales have increased. After multiple reports showed a decrease in sales following the expiration of the first-time homebuyer credit, the latest figures from the National Association of Realtors says that sales may soon be on the upswing. September 3rd, 2010 1:00pm
  • Community nonprofits to get first look at foreclosed properties An agreement with major lenders will give nonprofits increased opportunities to renovate foreclosed or vacant homes. Some of the country's biggest mortgage lenders have now reached an agreement with the Department of Housing and Urban Development to give local nonprofit organizations the ability to purchase foreclosed homes before investors have an opportunity to bid on September 2nd, 2010 3:09pm
  • Construction jobs tumble in Houston Reduced demand for new Houston homes has led to a reduction in available jobs. As the nation's housing economy continues to struggle, one of the biggest effects has been seen in the construction industry, which has been forced to cut thousands of jobs in the Houston area. September 2nd, 2010 3:09pm
  • Refinancing applications continue to rise Mortgage applications increased for both refinancing and purchases. Record-low interest rates are continuing to fuel increased numbers of consumers looking to refinance their mortgages, and purchase activity also showed slight growth for the second consecutive week. September 1st, 2010 12:37pm