Real Estate News

  • Pending home sales jump in March More homes may be selling in the coming weeks. The National Association of Realtors says its Pending Home Sales Index rose in March, marking the sixth increase over the past nine months as the housing market continues to recover. April 29th, 2011 10:45am
  • Mortgage rates slip again Mortgage rates have fallen again. In its weekly mortgage market survey, Freddie Mac says mortgage rates dropped again over the past week, with some rates hitting new lows for this year. April 29th, 2011 10:39am
  • Houston homes becoming more affordable Trulia says buying a home is more affordable than renting. With mortgage rates remaining low, and rents rising across the country, a report from Trulia finds that homeownership in Houston, and in many other cities across the country, has become more affordable. April 29th, 2011 6:10am
  • National homeownership level falls Fewer Americans are becoming homeowners. In the wake of the recession and foreclosure crisis, data released by the Commerce Department Wednesday showed homeownership in the U.S. had fallen to its lowest level in more than a decade. April 28th, 2011 10:48am
  • Houston dubbed a "city of the future" for foreign investment Houston is a top location for foreign investment. Likely due to its steady economy and strong growth prospects, a recent report has ranked Houston as one of the top 10 American cities of the future for foreign direct investment. April 28th, 2011 10:46am
  • Despite affordability, buyers having trouble While prices are low, getting one accepted may be difficult. Low mortgage rates and home prices have created record housing affordability for those looking to buy. However, many of those potential buyers told the Wall Street Journal the market remains challenging. April 27th, 2011 11:01am
  • Price-reduced homes remain widespread nationwide Many properties for sale have price cuts. A report from California-based ZipRealty finds homesellers in many parts of the country continue to cut their asking prices, providing affordable options for those looking to buy Houston homes. April 27th, 2011 11:00am
  • Research finds lower homebuyer activity, increased distress Distressed properties remain prevalent. Distressed properties make up nearly half of the housing availability in the U.S., according to research from Campbell's HousingPulse tracking survey. April 27th, 2011 2:52am
  • New home sales jump in March New home sales improved in March. After a very slow pace in February, the government says new home sales rebounded in the month of March, showing significant gains at the start of the spring homebuying season. April 26th, 2011 10:59am
  • Determining the damage from one missed payment Missing one mortgage payment can send a credit score tumbling. For those looking to buy a home, one of the most important things is having a strong credit score. However, just one missed mortgage payment can have a significant impact, the New York Times reports. April 26th, 2011 9:42am
  • Better hurricane preparation should help Houstonians Researchers are now determining how the area can prepare for another storm like Hurricane Ike two years ago. A grant from the Houston Endowment will allow the Rice University Severe Storm Prediction, Education and Evaluation from Disasters Center to continue its research into the area's hurricane patterns, potentially leading to safety improvements for Houston p April 26th, 2011 8:00am
  • Report: Home solar panels result in sunny sales prices Solar panels provide a solid rate of return in terms of home prices. With energy prices continuing to rise, many homeowners or potential buyers may be considering the use of home solar panels. A recent study by from the Department of Energy’s Lawrence Berkeley National Laboratory found that solar-powered homes in Califor April 25th, 2011 8:47am
  • Mortgage rates fall again Mortgage rates have fallen once again. After rising for four straight weeks, the latest weekly survey by Freddie Mac has found that mortgage rates have slid backwards again, increasing affordability for those looking at Houston homes. April 22nd, 2011 3:01pm
  • National home prices still sliding Home prices nationwide are continuing to fall. While many parts of the economy appear to be picking up steam, a report from the Federal Housing Finance Agency says home prices are still not among them. April 22nd, 2011 9:57am
  • Survey finds Houstonians are optimistic Local residents feel Houston is a good place to be. A new survey of local residents finds that the overwhelming majority of those living in Houston properties feel they are better off than those in other parts of the country. April 21st, 2011 10:38am
  • National home sales rise in March Home sales nationwide picked up last month. The National Association of Realtors says the sales of existing homes increased in March as more homebuyers began moving last month. April 21st, 2011 10:36am
  • Mortgage applications surge again as rates slip Mortgage rates have slid away from the 5 percent mark. The latest weekly survey from the Mortgage Bankers Association reported an increase in mortgage applications as interest rates fell to their lowest level in weeks. April 21st, 2011 6:35am
  • Many reasons a mortgage application could be rejected More applicants are seeing their loans rejected. In the wake of the housing market crash, banks have been much tougher about who they give mortgages to, rejecting one out of every four applications. CNNMoney says there are a number of reasons a loan may be turned down. April 21st, 2011 6:33am
  • Building permits, housing starts bounce back Home construction numbers rebounded in March. After record low home construction figures were reported last month, data released by the Commerce Department this week showed a rebound for the industry, supporting renewed consumer demand in the Houston real estate market and the nation at large. April 20th, 2011 10:39am
  • Houston home prices staying positive Home prices in Houston have remained steady. The latest monthly report from the Houston Association of Realtors shows that while home sales have continued to trail levels seen one year ago, prices have shown consistent gains. April 19th, 2011 10:25am
  • Homebuilder confidence slips Homebuilders' confidence remains low. After inching up last month, the National Association of Home Builders says builders across the country continue to be frustrated by a lack of improvement in the housing market and the high numbers of foreclosures. April 19th, 2011 6:47am
  • Mortgage buyers facing stiff competition Experts say cash buyers have a better chance of getting the home they want. In the current real estate market, MarketWatch reports buyers who need to take out a mortgage are actually at a significant disadvantage compared to people buying a home with cash. April 18th, 2011 10:59am
  • Houston sellers wait before making price cuts Many sellers are waiting months to cut their asking prices. With low mortgage rates and home prices well below their levels from a few years ago, many analysts have said that buyers have the upper hand in the current housing market. But as a report from Trulia finds, some sellers in many parts of the country are r April 15th, 2011 10:42am
  • Economic stress in Houston area drops While the levels have improved, the nation's economic stress remains high. The Associated Press' economic stress index dropped in February both across the country and in the local real estate market, which could allow more families the economic flexibility to buy Houston homes. April 15th, 2011 10:40am
  • Mortgage rates rise for fourth straight week Low mortgage rates may motivate buyers. After falling in the aftermath of the earthquake in Japan, mortgage rates now have steadily risen for four consecutive weeks, according to Freddie Mac, giving added urgency for those looking at Houston homes. April 15th, 2011 10:38am
  • House bill would give short sale deadline Officials hope a new short sale bill will reduce foreclosures. A bipartisan bill introduced in the U.S. House this week would work to speed up the short sale process and keep many of those properties from going into foreclosure. April 15th, 2011 7:11am
  • Landlords regaining power over tenants Many renters' bills will be going up in the coming months. With foreclosures continuing to be prevalent in many parts of the country and mortgages becoming tougher to get, more people have turned to renting. But as the Associated Press reports, those waves of renters have driven up apartment prices across the cou April 15th, 2011 7:08am
  • Foreclosures drop to lowest level since 2008 Foreclosures have fallen sharply nationwide. A report released by RealtyTrac Thursday found that foreclosure activity during the first quarter of the year dropped to its lowest level in three years. April 14th, 2011 12:39pm
  • Freddie Mac predicts sales increases in April Home sales may pick up in the coming weeks. While the Houston real estate market has remained relatively subdued so far this year, a report from Fannie Mae says that home sales should start to pick up nationwide this month, as the national economy continues to recover. April 14th, 2011 10:54am
  • Housing analysts remain unsure about sales climate Real estate agents remain unsure what this spring will bring. The tight restrictions put in place by many of the country's mortgage lenders continue to be a cause for concern for many real estate agents and brokers, who are unsure what they will mean for the spring selling season in the Houston real estate market, M April 13th, 2011 10:35am
  • Houston listings, prices increase More homes are entering the Houston real estate market. As interest in the Houston real estate market heats up along with the spring weather, a report from Altos Research finds that home prices have continued to appreciate even as the number of available Houston properties continues to increase. April 13th, 2011 10:32am
  • Americans still view homeownership favorably Most people still think buying a home is a good investment. Despite the effects of the recent housing crisis, a recent survey finds that the vast majority of Americans still think buying a home is a strong investment. April 13th, 2011 5:20am
  • Some foreclosure buyers could get closing cost assistance Foreclosure buyers could get additional financial help. Potential homebuyers looking to purchase Houston foreclosures may be able to get some help paying for their closing costs under a revamped program from Fannie Mae. April 12th, 2011 9:51am
  • HDI reveals continued price decline in U.S. Western regions Property sales in the western region of the U.S. are showing continued decline. According to Clear Capital's Home Data Index, prices for properties in the Western region of the United States are still in decline, falling 5.2 percent year over year. April 11th, 2011 6:45am
  • Would-be borrowers experiencing difficulty securing loans, despite low interest rates Loans are becoming harder to receive, despite low rates. According to a recent CNN Money article, despite low interest rates, potential borrowers are still experiencing severe difficulty in securing loans. April 11th, 2011 6:44am
  • Report: Positive employment figures lead to better mortgage rates Mortgage rates showed slight improvement with employment rates on the rise. According to Freddie Mac's recent Primary Mortgage Market Survey, mortgage rates increased slightly for the third consecutive week. April 8th, 2011 7:15am
  • Year-over-year home prices decline for seventh straight month Home prices declined year-over-year for the seventh consecutive month. According to CoreLogic's Home Price Index, the year-over-year value in February for the market showed decline - the seventh straight month for this trend. April 8th, 2011 7:13am
  • National office sector showing stability Office properties in Houston are in demand. Despite the impact of rising oil prices, which have made a significant impact on the nation's economy, a report from Cassidy Turley finds that the U.S. office market continues to show improvements. April 7th, 2011 11:09am
  • Rental prices continue to rise nationwide Higher rents may lead many to rethink buying a home. Demand for rental apartments continued to surge nationwide, reducing vacancy rates and driving up prices across the country. April 7th, 2011 8:22am
  • State Senate passes HOA restrictions Rules passed by the state Senate would place restrictions on HOAs. The state Senate has now passed a bill that would place a number of restrictions on homeowners associations in the state. April 6th, 2011 10:56am
  • Federal budget talks could affect mortgages The federal budget talks could make an impact on housing. The potential shutdown of the federal government could have a number of impacts across the country. However, one side effect of a shutdown could make it tougher for those looking at Houston properties. April 6th, 2011 7:23am
  • Texas continues to show strong jobs growth Home values in Houston could continue to grow if the city continues to add jobs. Helping to boost the Houston real estate market and others across the state, Texas has continued to experience some of the strongest job growth nationwide. April 6th, 2011 7:19am
  • Many homeowners having mortgage trouble Some homeowners are having trouble making their mortgage payments. A recent poll finds that while many homeowners are still having trouble making their monthly mortgage payments, the number people having difficulties has fallen. April 5th, 2011 11:03am
  • Houston remains a healthy housing market New home construction in Houston has remained strong. The Houston real estate market has been one of the steadiest in the country over the past several months, a fact noted by Builder magazine. April 5th, 2011 8:18am
  • FHA taking criticism for extra interest payments Some of those with FHA mortgages are being forced to make interest payments even after their loan is closed. The Federal Housing Administration is taking criticism from some lawmakers for charging some homeowners for interest costs after they sell or refinance their homes. April 4th, 2011 9:39am
  • Young workers focusing on urban centers Younger people are increasingly moving into urban areas. A new study finds that over the past several years, younger workers and recent college graduates have increasingly looked to live in large urban centers instead of more outlying areas. April 4th, 2011 9:37am
  • Interest rates rise for second straight week Mortgage rates have risen slightly again. As the economy continues to pick up steam, Freddie Mac says interest rates jumped again over the last week, increasing mortgage costs for those looking to buy a home. April 1st, 2011 10:15am
  • Texas largely unscathed by housing market's troubles Texas' housing market has fared relatively well. While the national real estate market continues to show signs of weakness, Texas has weathered the recent storms relatively well, according to an economic update from Texas Comptroller Susan Combs. April 1st, 2011 10:11am