Real Estate News Archives
June 2011
- Low-end housing market experiencing rapid decline
A recent CNBC report, citing data compiled by Capital Economics, discussed a significant downward trend for the country's real estate market.June 29th, 2011 3:00am - Unemployment claims jump by 9,000
According to the Labor Department's recent data, the number of jobless claims increased significantly during the last week.June 28th, 2011 3:00am - Texas Governor signs bill eliminating real estate transfer fees
Recently, Texas Governor Rick Perry signed a bill into law that forbids private transfer fees on real estate.June 27th, 2011 9:45am - Strategic defaults show slight increase during first quarter
According to a report from credit bureau Experian, the number of strategic defaults increased slightly during the first quarter of 2011 after experiencing significant reduction recently.June 27th, 2011 3:00am - Inventory of foreclosed homes decreases during April
Recent data compiled by CoreLogic revealed a reduction in the country's pre-sale foreclosed inventory during April.June 24th, 2011 9:19am - Mortgage rates remain unchanged for second straight week
According to the most recent data released by Freddie Mac, the interest rate for 30-year fixed mortgages remained unchanged for the second-consecutive week - a sign that the downward trend for home loans could be over.June 23rd, 2011 10:17am - National home prices improve slightly during April
According to recent data released by the Federal Housing Finance Agency, home prices showed slight improvement during April, increasing for the first time in nearly a year.June 23rd, 2011 10:16am - Houston experienced increased number of renters
According to a recent report from My Fox Houston, the region is experiencing an uptick in home seekers opting for rental leases in place of mortgages.June 23rd, 2011 10:15am - Home sales for May still obscured by 2010's tax credit
The Houston Association of Realtors recently released new data regarding home sales in the region for May.June 22nd, 2011 5:32am - Existing home sales decline during May
According to recent data released by the National Association of Realtors, existing home sales for May declined, as several factors weighed heavily on potential buyers.June 22nd, 2011 5:30am - Texas now second-largest economy in the US
According to a recent report, the economy in Texas is now the country's second largest, moving ahead of New York.June 21st, 2011 9:13am - Housing market still reeling, recovery not expected until 2012
According to Moody's Analytics' chief economist Mark Zandi, the national real estate market is still reeling and is nowhere near recovery.June 21st, 2011 9:11am - Widened Panama Canal could mean more jobs for Houston
Soon, several Houston and Harris County, Texas, politicians will travel to Panama in hopes of reaching an agreement to widen the Panama Canal, KHOU.com reports.June 21st, 2011 9:09am - More rentals set to take place nationwide
A recent report in the Houston Chronicle relayed that renting might soon be the new trend, ahead of homeownership.June 20th, 2011 9:21am - Houston unemployment rate increases
According to a report from the Texas Workforce Commission, Houston was unable to continued its recent success in terms of job creation.June 20th, 2011 9:19am - Banks could need more than 60 years to clear repossession backlog
According to a recent report from LPS Applied Analytics, some homeowners in danger of having their home repossessed by their bank may not need to worry about any immediate action.June 20th, 2011 9:15am - Foreclosure figure down during May
The most recent data compiled by RealtyTrac discovered that national foreclosure activity decreased during May.June 17th, 2011 6:18am - Expert: U.S. home prices could continue to fall
As the national unemployment rate continues to fluctuate and has avoided significant improvement, the country's real estate market has suffered subsequently.June 17th, 2011 6:16am - Oil and gas industry improving in Houston
According to a recent report from Community Impact Newspaper, the capital industry in Houston - its oil and gas sector - is improving significantly, which could aid the local real estate market.June 17th, 2011 6:15am - Home construction picks up slightly
Data from the Commerce Department showed that new home construction increased 3.5 percent during the month of May, making up in part for a decline from April.June 16th, 2011 9:44am - Real estate company predicts 2011 could be the bottom for housing sector
While the previous several years have been incredibly troubling for many areas' real estate markets, RealtyPartner recently relayed that 2011 could be the worst year yet for the housing sector.June 15th, 2011 5:03am - Houston economy showing improvement
A recent report from the Federal Reserve Bank of Dallas, Houston Branch relayed that the region's economy heading in the right direction, showing significant improvement during April.June 15th, 2011 5:01am - Houston at pre-recession levels, says experts
According to a recent BizJournals report, Houston's economy is reaching pre-recession levels.June 15th, 2011 5:00am - American Dream still includes homeownership
A recent survey conducted by the National Association of Home Builders revealed that homeownership is still very much part of the American Dream.June 14th, 2011 9:12am - Houston tops list for retail growth
According to a recent report from the U.S. Bureau of Labor Statistics, Houston ranks chief among the country's major metropolitan cities in terms of job growth in the retail sector.June 14th, 2011 9:10am - Houston not among best places for summer jobs
According to a recent article in The Daily Beast, Houston is not an ideal spot to relocate to for a summer job.June 14th, 2011 9:08am - Houston real estate market erratic
A recent article in CultureMap Houston detailed how the region's real estate market is showing signs of strength despite recent fluctuations.June 13th, 2011 5:04am - NASA to lay off 1,000 workers in Houston area
According to a recent report from The Friendswood Journal, Houston will continue to experienced fluctuations in its job market.June 13th, 2011 5:02am - Houston to lose 1,500 jobs after new airline merger
When United Airlines and Continental Airlines agreed to merge companies last May, many involved with the move were optimistic.June 13th, 2011 5:01am - Houston's job market experiences fluctuations
Recently, the job market in Houston experienced fluctuations, as many workers in the financial sector lost their jobs, while the region's retail industry added more positions.June 10th, 2011 5:39am - Houston real estate market to receive boost from healthcare facilities
According to a recent Biz Journals report, Houston's real estate market could soon be assisted by a rising number of commercial properties.June 10th, 2011 5:37am - Houston home to new energy-efficient campus for ExxonMobil
Officials from ExxonMobil recently relayed that the company is moving to a new energy-efficient campus located on a 385-acre site in Houston.June 9th, 2011 5:15am - Latest Home Index Data reveals quarterly prices showing improvement
According to Clear Capital's most recent Home Index Data, property values throughout the U.S. are showing quarterly improvement.June 9th, 2011 5:14am - Household debt major reason for struggling economy
According to a recent CNNMoney report, one major reason for the continued struggles of the U.S. economy is the large average amount of household debt.June 9th, 2011 5:12am - South heavily represented in list of best markets for real estate investors
According to a recent report issued by Inman News, the South is the place to invest in real estate.June 8th, 2011 4:33am - Negative equity affecting 22.7 percent of homes nationwide
According to a recent report conducted by CoreLogic, a significant number of homes throughout the country are suffering from underwater mortgages.June 8th, 2011 4:31am - Inventory slows during May, but median prices up
The latest report from Altos Research discovered that the median prices of homes nationwide increased during May, while inventory slowed slightly.June 8th, 2011 4:30am - Home prices down in Houston thanks to distressed properties
Due in part to the increased number of distressed estates being sold during the month, home prices for Houston properties during April declined year-over-year.June 7th, 2011 4:46am - National real estate market still reeling
While optimism has increased for the nation's real estate market, a recent report from RealtyPartner's Research & Development team explains that the sector isn't improving just yet.June 7th, 2011 4:45am - Low-end homes affected most by recession
According to recent information, the hardest hit sector of the real estate market during the recession was low-end properties.June 7th, 2011 4:43am - Mortgage rates fall for seventh consecutive week
For those interested in Houston real estate, there's no time like the present to begin the process, as Freddie Mac recently revealed a continued decline in interest rates for mortgages.June 6th, 2011 7:45am - Fewer consumers concerned with gas prices
A recent Kelley Blue Book report relayed that fewer consumers are worrying about the price of gas when considering purchasing a new vehicle.June 6th, 2011 7:44am - Houston most affordable place for business
According to a recent report released by PricewaterhouseCoopers, Houston is the most affordable location for business.June 6th, 2011 7:42am - Real incomes high in Houston area
Local residents appear well equipped to purchase Houston real estate given the findings of a recent analysis comparing median incomes with the cost of living.June 3rd, 2011 7:37am - Texas law provides stringent rules for eminent domain
Governor Rick Perry signed into law legislation that seeks to protect the rights of those who own Houston real estate, enacting stricter requirements of governments that seek to obtain ownership of private property through eminent domain.June 2nd, 2011 7:34am
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