Real Estate News

  • Lawmakers say mortgage interest deduction to stay There likely won't be changes to the mortgage interest tax deduction. With the federal income tax deadline fast approaching, many people's minds are on their 1040s. Thursday, a pair of lawmakers said that homeowners' mortgage interest tax deduction won't be eliminated in any budget proposal, which should be a relief for tho March 31st, 2011 12:27pm
  • Report: Low inventories could cause shortage of new homes New home prices could rise in the coming months. While the sales and prices of new homes have continued to struggle, Fortune says that may soon change, as a relative shortage of homes will lead to quickly rising prices for those looking to purchase newly built Houston properties. March 31st, 2011 12:24pm
  • Housing market hurting job seekers The idea of moving is tougher for people having a hard time selling their homes. With low home prices in many parts of the country hindering many families who might try to sell, USA Today reports a domino effect is being seen throughout the jobs market. March 31st, 2011 9:23am
  • Shadow inventory drops slightly Many foreclosed homes haven't even been listed for sale yet. The national backlog of distressed properties that have not yet reached the market - dubbed the shadow inventory - dropped slightly in January, as the pace of foreclosure sales has continued to be strong. March 31st, 2011 9:21am
  • Mortgage applications drop as rates rise Mortgage rates have risen, causing applications to fall. The Mortgage Bankers Association says mortgage applications dropped off significantly last week as mortgage rates begin rising once again. March 31st, 2011 9:19am
  • Proposed mortgage rules may have limited immediate effect New proposed rules may not significantly impact consumers for a few years. While new mortgage rules may make it much more difficult for consumers to qualify for a mortgage a few years down the line, analysts say its immediate effects for those looking at Houston homes will likely be limited. March 30th, 2011 10:35am
  • Property appraisals drop for many local residents Property taxes have dropped for many Houston residents. Many Houston residents could see their property tax bills drop this year, as nearly 20 percent of local homeowners saw their properties appraise for less than last year. March 30th, 2011 10:33am
  • Pending home sales increase nationwide More buyers are looking to lock up affordable properties. While a number of reports have shown the real estate market has continued to struggle, the National Association of Realtors says its Pending Home Sales Index increased in February, which may preview rising sales numbers from March and April. March 29th, 2011 10:51am
  • "Vultures" boosting housing market Investors are turning around many foreclosures. With the widespread foreclosures found in many areas, Bloomberg reports a number of investors - dubbed vultures by some - have swooped in to purchase large numbers of foreclosed properties, rehab them and then put them back on the market for buyers or ren March 29th, 2011 10:48am
  • Lenders, builders offering job insurance to buyers An insurance program offered by some lenders will make a buyers mortgage payments if they are laid off. Some of the nation's largest homebuilders and banks are now offering potential buyers job-loss insurance that would make their mortgage payments if they suddenly found themselves laid off, the Washington Post reports. March 29th, 2011 10:43am
  • Economic stress dips nationwide, edges up in Harris County Economic stress may be holding many home sales. While economists say the economic recession technically ended last summer, the Associated Press says its Economic Stress Index still shows things aren't yet going smoothly. March 28th, 2011 10:55am
  • State Senate passes bill to stop active military foreclosures by HOAs A proposed law would help prevent homeowners associations from foreclosing on active military. The state Senate has now approved a bill that would prevent homeowners associations from foreclosing on active members of the military. March 25th, 2011 12:23pm
  • New home sales continue to fall nationwide Sales of newly built homes have struggled. A report from the Commerce Department Wednesday showed new home sales across the country had slowed to a record low pace, as mortgage issues continued to hold back borrowers looking to take advantage of low mortgage rates. March 24th, 2011 11:11am
  • National home prices continue to fade Home prices have continued to slide. The Federal Housing Finance Agency says home prices across the country continued to slide in January, as the national real estate market struggled to pick up speed. March 24th, 2011 11:05am
  • Prices near Bay City may struggle following Japanese nuclear crisis The crisis in Japan may make an impact here at home. Housing analysts say the prices of residential properties in and around Bay City may struggle over the next several months, as the recent Japanese tsunami and nuclear crisis may cause hesitation among some potential buyers. March 23rd, 2011 11:54am
  • Commercial real estate sector recovering Office prices should stabilize in most areas this year. While the national economy has been slow to pick up steam in some areas, the PwC Real Estate Barometer shows there is optimism in the commercial real estate sector. March 23rd, 2011 11:51am
  • Investors dominate home sales in February Investors and foreclosures continue to color the housing market. Home sales across the country continued to be driven by investors, who made up nearly a quarter of property sales during the month of February, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. March 23rd, 2011 11:50am
  • Americans remain positive about homeownership Americans continue to see buying a home as a good decision. Despite the recent struggles of the housing market nationwide, a national poll by Allstate and National Journal finds that the vast majority of homeowners feel buying a home is a good decision. March 23rd, 2011 7:14am
  • National home sales drop in February National home sales fell in February. After three straight increases, the National Association of Realtors says existing home sales dropped in February. March 22nd, 2011 9:58am
  • Survey finds younger families looking to buy Younger families may be the most willing to buy a home. A recent survey finds that younger families are more likely to be willing to buy a home over the next few months, while real estate agents have found that baby boomers are willing to sit on the market. March 21st, 2011 10:30am
  • Interest rates plunge following Japanese earthquake and tsunami More borrowers may look to lock in mortgage rates. In the aftermath of the crisis in Japan, interest rates have fallen significantly across a wide range of markets, driving mortgage rates lower across the country. March 18th, 2011 11:52am
  • Nationwide housing starts drop in February Home construction nationwide slid in February. Data from the Commerce Department this week showed a sense of hesitancy in the home construction market, as both building permits and housing starts fell off sharply. March 18th, 2011 7:41am
  • Rent prices may be set to rise Rent prices may soon rise sharply. With many people looking to rent homes and apartments across the country, analysts told CNNMoney rent prices could rise 10 percent in some areas. March 17th, 2011 9:10am
  • Houston recovering well from recession Houston has recovered relatively over the past few years. While the ongoing national recovery from the recession has been uneven across much of the country, a report from the Brookings Institution says that the recovery in the Houston real estate market is among the strongest nationwide. March 17th, 2011 9:09am
  • Home prices continue to gain as sales slip Home sales in Houston slid slightly in February. The Houston Association of Realtors says while home sales slipped back below their levels from last year following a strong January, home prices have continued to improve. March 16th, 2011 8:31am
  • Banks becoming more open to fixing up foreclosures Some banks are sinking money into their foreclosures to increase sales. The Chicago Tribune says, in the past, most banks have been unwilling to spend money to spruce up their foreclosed properties. But with so many distressed properties available, some may be changing their tune. March 15th, 2011 9:52am
  • National home prices fall in January, Houston bucks trend Home prices in Houston have gone against the national real estate grain. A report from CoreLogic shows that national home prices continued to lose ground in January, although the Houston real estate market continued to outperform much of the country. March 15th, 2011 9:48am
  • Realtors urge action on flood insurance reform Realtors are urging quick action on the National Flood Insurance Program. While the latest extension to the National Flood Insurance Program isn't set to expire until the end of September, the National Association of Realtors is urging lawmakers to work on a long-term plan for the program. March 14th, 2011 11:47am
  • Home prices fall, but give reason for optimism Home price trends may soon be turning around. While home prices nationwide have continued to fall, a report from Clear Capital says that there are also signs of a turnaround in the real estate market. March 14th, 2011 9:35am
  • Interest rates hold below 5 percent Mortgage rates have remained steady. Steady jobs gains helped keep interest rates below 5 percent last week, providing strong opportunities for those looking to buy Houston homes. March 11th, 2011 11:30am
  • Realtors say homeownership vital to economy The National Association of Realtors says homeownership helps the economy. While the economy has begun to turn around in many respects, the National Association of Realtors says promoting homeownership will help stabilize the jobs market. March 11th, 2011 11:28am
  • Foreclosures slide across U.S. Foreclosures fell in Feburary nationwide. While the controversy over foreclosures continues across much of the country, data from RealtyTrac showed a significant decline in activity last month. March 11th, 2011 8:35am
  • Many people don't understand credit scores Many Americans don't understand their credit scores. While having a strong credit score can be the difference between getting a mortgage or being turned down, a recent survey finds that many people don't understand many of the basics about how those scores are created. March 10th, 2011 11:40am
  • Future trends point to greener, smaller homes New homes are expected to include greener technologies. A survey completed by the National Association of Home Builders shows that many of them feel that smaller, more energy-efficient homes will play a much larger role in the market in the coming years. March 10th, 2011 11:39am
  • Negative equity grows nationwide Negative equity in many areas has made moving into new homes difficult. Home price declines in many parts of the country at the end of last year left more borrowers with "upside-down" or "underwater" mortgages. March 9th, 2011 10:36am
  • Survey finds problems linger with short sales Short sale transactions may take months to work through. With a large number of distressed Houston properties on the market, a number of potential buyers may be looking at local short sales. However, a recent survey says those looking at short sales should be prepared to be patient. March 9th, 2011 10:35am
  • Changes to HISD magnet program postponed Changes to the HISDs magnet program have been put on hold. With a significant budget deficit to deal with, the Houston Independent School District says it is tabling all discussion about changes to the district's magnet program until later this fall, after the budget for the next school year has been adopted. March 9th, 2011 4:08am
  • Historic preservation rules causing controversy again Some residents are against the city's historic neighborhood desiginations. While the city's tougher historic preservation rules were passed into law six months ago, the owners of many Houston homes are still upset about the rules, which they say have stripped them of their rights. March 9th, 2011 3:18am
  • High-end homes selling quicker Higher-end homes are selling relatively quickly. While home sales across much of the country have continued to take place at a somewhat subdued pace - including the Houston real estate market - a report from DataQuick Information Systems finds that those looking at high-priced homes have been much more March 8th, 2011 8:04am
  • Tough mortgage requirement would stall housing recovery It may soon take a higher down payment to get a mortgage approved. As regulators discuss significant changes to the mortgage market, a recent report says making high down payment requirements part of the deal will lock out many people looking to buy Houston homes. March 8th, 2011 8:03am
  • New home prices in Houston fall, supply rises Home sellers are hoping for an active spring. A new report says many sellers of Houston homes are cutting prices and increasing their number of listings, looking to seize on a heightened level of buying activity as spring continues to approach. March 7th, 2011 8:01am
  • Some buyers becoming too picky Potential buyers are becoming more detail-oriented in today's market. With the prevalence of foreclosures, low home prices and affordable mortgage rates, it may be one of the strongest buyers' markets in a number of years. However, real estate agents told the Washington Post that some first-time buyers' demands are becoming March 4th, 2011 11:23am
  • Home listing word choice makes a big impact The words in a real estate listing can make a big difference. A recent Canadian study finds that the actual words real estate agents and home sellers use to advertise their properties has a significant impact on how quickly the home will sell, and what price it fetches. March 4th, 2011 8:40am
  • Texas housing market shows improvement Housing figures in Texas are improving. A report from the Federal Reserve Bank of Dallas says that the Texas real estate market showed notable improvements in January, as home sales increased. March 4th, 2011 8:38am
  • Effects of government's mortgage overhaul to start early The winding down of Fannie Mae and Freddie Mac will make a big impact in the next few months. While lawmakers in Washington are working to wind down Fannie Mae and Freddie Mac over the next five or seven years, real estate experts say the impact from those decisions will be felt well before those changes become final. March 4th, 2011 8:37am
  • Houston ranks second nationwide for corporate relocation More companies are moving to Houston. Texas was the top state in the country last year for corporate relocation and expansion, winning the Site Selection Governor's Cup. March 3rd, 2011 11:43am
  • Mortgage rates fall sharply Mortgage rates have fallen again. After rising to start the year, mortgage rates have declined once again, giving those looking at Houston homes more flexibility when looking to buy properties. March 3rd, 2011 11:41am
  • New loan rules to promote 20 percent down payment Borrowers may soon need to put more money down up front. A number of media reports have said that new mortgage regulations, which are expected to be officially proposed soon by government regulators, may result in additional fees for borrowers who don't put 20 percent down. March 2nd, 2011 10:40am
  • Texas ranked among top job creation states Houston's job market remains strong. Affirming its place as one of the top-performing states in the country in the aftermath of the recession, a recent Gallup poll finds that Texas has one of the top job markets in the country. March 1st, 2011 11:00am