Real Estate News

  • Appraisals derailing many home sales nationwide Low appraisals are derailing many home sales. In addition to the tighter lending standards banks are now requiring from those looking to buy Houston homes, multiple reports have highlighted the problems the appraisal process is causing across the country. January 31st, 2011 7:28am
  • Houston foreclosures increase sharply in 2010 Foreclosures in Houston picked up in 2010. Although the Houston real estate market largely avoided the waves of foreclosures across the country in recent years, a report from RealtyTrac shows that it hasn't been able to escape them completely. January 28th, 2011 11:59am
  • Pending home sales show continued improvement Home sales continue to pick up. The National Association of Realtors' Pending Home Sales Index continued to show gains in December, showing that the housing market may finally be gaining momentum. January 28th, 2011 11:55am
  • New home sales show record gains in December New home sales rose in December. A sharp increase in new home sales in December gave an unexpected boost to the real estate market, although analysts say some of the improvement may actually be misleading. January 28th, 2011 7:47am
  • Texas' tax laws leading to population growth Taxes may be the reason some people are moving to Texas. Texas is one of a few states whose advantageous tax laws have resulted in a significant influx of residents looking to escape from higher taxes in other states. January 27th, 2011 9:21am
  • Houston homes affordable on global scale Houston homes are very affordable. A new report says that Houston homes aren't just some of the most affordable in the country, the Houston real estate market is also among the most affordable in the English-speaking world. January 27th, 2011 9:18am
  • Getting a mortgage may now cost more Loan applicants may be forking over more money to get a mortgage. While buying Houston homes remains very affordable, a new series of fees instituted by Fannie Mae may increase the cost of getting a mortgage for many people. January 27th, 2011 9:16am
  • National home prices continue to falter Homes in many parts of the country have lost value. As foreclosures and other distressed properties continue to dominate the national real estate market, home prices continued to slide during the latter part of 2010. January 26th, 2011 11:01am
  • Foreclosure sales pick up Foreclosure sales increased in December. The sales of distressed properties picked up significantly in December, as more first-time homebuyers entered the market during the month. January 26th, 2011 10:59am
  • Houston homes remain more affordable than paying rent Buying a home in Houston is likely cheaper than continuing to pay rent. A study by the website Trulia finds that those buying Houston homes are getting a better financial deal than those who are still paying monthly rent. January 25th, 2011 11:44am
  • Houston jobs numbers increase The jobs market in Houston is improving. As many analysts have pointed to jobs as the catalyst for an improved housing market, a new report from the Texas Workforce Commission finds that the Houston real estate market should continue to outperform the rest of the country. January 25th, 2011 11:43am
  • Americans still feel homeownership makes financial sense Americans remain interested in buying a home. Despite lingering instability in the national real estate market following the recession, a survey from the National Association of Realtors finds that most Americans still feel that buying a home makes sense. January 24th, 2011 11:57am
  • Fate of Fannie Mae and Freddie Mac remains uncertain Lawmakers will soon debate the future of Fannie Mae and Freddie Mac. After being kept afloat by the federal government for the past two years, officials are preparing to lay out a plan to overhaul mortgage giants Fannie Mae and Freddie Mac. January 24th, 2011 11:56am
  • Fixed-rate loans dominating market Economists say wary homebuyers are using fixed-rate loans to avoid interest rate increases. Even though adjustable-rate mortgages generally start with a lower interest rate than fixed-rate loans, a report from Freddie Mac shows that people looking to buy Houston homes are generally staying away from them. January 24th, 2011 7:22am
  • Affordability continues to drive sales Home prices are one of the main factors driving many home sales. With interest rates remaining near record lows, homes have reached historic levels of affordability. Those conditions are such that they are the driving force behind many home purchases. January 24th, 2011 7:20am
  • National home sales show significant gains Home sales picked up in December. The National Association of Realtors says home sales picked up significantly during the month of December, creating optimism among economists about the future of the housing market. January 21st, 2011 11:41am
  • Building permits rise sharply Building permits rose sharply in December. While home construction figures are still well below normal levels, data from the Department of Commerce shows that many of the country's home builders are expecting this upcoming spring to be the start of a turnaround in the market for new homes. January 20th, 2011 11:47am
  • Most Americans feel it's a "good time" to buy a home A new poll finds most Americans feel the market leans towards buyers. With low interest rates continuing to dominate the national real estate scene, a new report finds that most Americans feel that it's a buyer's market. January 19th, 2011 11:47am
  • Texas releases more funding for homebuyer tax credit program A state program will give tax breaks for first-time homebuyers. The Texas Department of Housing and Community Affairs has released $45 million in funding for the Texas Mortgage Credit Program, which provides tax credits for many first-time buyers in the state. January 18th, 2011 11:47am
  • Home prices continue rising Even though sales are still down from a year ago, home prices in Houston are still up. Despite the ongoing trend of slow home sales in the Houston real estate market in the month of December, the Houston Association of Realtors says the continued strength of home prices is an optimistic sign. January 18th, 2011 11:44am
  • Officials to extend suspension of anti-flipping rule The FHA's decision will affect the resales of many foreclosures. In an effort to maintain the momentum gained by the housing market, the Los Angeles Times reports the Federal Housing Administration has decided to extend its suspension of government anti-flipping rules to increase FHA lending. January 17th, 2011 12:07pm
  • Growing demand for housing for older Americans Older Americans are putting more emphasis on the price of their homes. As the country's baby boomer generation continues to approach retirement, their housing needs will create a growing demand for homes in 55+ communities across the Houston real estate market and the country as a whole. January 17th, 2011 7:09am
  • Houston real estate market escapes national trends Sellers have cut the prices of many homes currently on the market. California-based ZipReality says because of continued high demand in the area, home sellers in Houston aren't cutting their prices as much as those in other parts of the country. January 14th, 2011 8:29am
  • Number of Houston homes for sale falls The number of homes for sale in Houston has dropped. Despite being well above numbers from last year, the number of available homes in the Houston real estate market trailed off in December. January 13th, 2011 8:38am
  • Houston home prices gain most nationwide Home prices in Houston have showed great strength. While home price declines have been widespread on a national level, the same trend has not been seen in the Houston real estate market. A new report from CoreLogic says that local home values have risen again. January 12th, 2011 11:42am
  • Houston homes more affordable than renting Homes for sale may be more affordable than renting. With low mortgage rates and relatively low home prices, a new report says that buying Houston homes may make more financial sense than renting apartments. January 12th, 2011 7:47am
  • Commercial real estate sector to see slow recovery The resurgent economy should boost commercial real estate. While the last year has been relatively rough sledding for the commercial real estate market, gains in underlying economic factors should lead to a gradual improvement in the coming months. January 12th, 2011 7:43am
  • Lack of demand for home lots Low demand for home lots has created excess supply. With the housing market still trying to get back on its collective feet, consultants say that there's very little demand for home building lots across most of the country. January 11th, 2011 11:40am
  • Court ruling voids two Mass. foreclosures A court ruling Massachusetts has voided a pair of foreclosures. A ruling by Massachusetts' highest court has voided two foreclosures over documentation issues in what could be the next step in the ongoing robo-signing controversy. January 10th, 2011 11:53am
  • Houston expected to see rising home prices in 2011 Home prices in Houston should grow in 2011. While the national real estate market may continue to struggle in 2011, a new report says that the prices of Houston homes should continue to show strong growth throughout the year. January 7th, 2011 11:31am
  • Texas economy continues to lead the pack The Texas economy continued to outperform the country as a whole. As the national economy works to pick up steam, a new report says that the Texas economy continues to outperform many other states. January 6th, 2011 11:38am
  • Home insurance rate increases based on region Some companies are hiking home insurance bills state-wide. Though the location always affects the price of Houston properties, it also has an impact on the price of a property's insurance. Robert Hartwig, president of the Insurance Information Institute, told MSNBC reporters that the price of homeowners insurance January 5th, 2011 11:29am
  • Green construction trend to expand The use of green building techniques should grow this year. While much of the housing market languishes, the green building industry is set to flourish in 2011. January 5th, 2011 11:27am
  • Despite conditions, now may be the time to sell Sellers may be luckier now than over the coming months. While most reports say that current conditions may favor buyers instead of sellers, some housing experts say that now may be the best climate sellers may see for some time. January 4th, 2011 11:34am
  • NAR: Pending home sales continue rise More homes are set to be sold in the upcoming months. Home sales nationwide may slowly be picking up, as the National Association of Realtors says its Pending Home Sales Index has risen for the second straight month. January 3rd, 2011 11:08am
  • Interest rates climb again Mortgage rates have continued to climb. Freddie Mac says interest rates increased again last week, resuming their slow ascent after dipping slightly during the previous week. January 3rd, 2011 11:07am