Real Estate News

  • Foreclosure auctions, REO sales increased in October Foreclosure auctions and REO sales increased in October. Sales of distressed and foreclosed homes increased on both a monthly and year-over-year basis in October, a scenario that may help free up strained inventory in many areas of the country. November 27th, 2013 2:32am
  • Houston housing inventory continues to shrink amid strong sales The Houston real estate market continues to boast high sales volume. Houston home sales in October climbed 13.5 percent year-over-year, representing 29 consecutive months of positive gains, according to the Houston Association of Realtors. November 26th, 2013 5:13am
  • 'Hot' housing markets show signs of slowing Rising mortgage rates and home prices may reduce demand for new homes. Many real estate markets, such as those in San Francisco, Phoenix and Las Vegas have shown improvements in recent months, but rising mortgage rates and home prices are beginning to temper the pace of housing market gains. November 25th, 2013 6:17am
  • National negative equity rate drops to lowest level since peak Many homeowners returned to a positive equity position during the third quarter. The U.S. negative equity rate fell to 21 percent during the third quarter of 2013, plummeting at its fastest quarterly pace ever since the negative equity peaked during the first quarter of 2012, according to Zillow. November 22nd, 2013 4:31am
  • Distressed home sales on the decline Distressed home sales decline as foreclosures fall in some regions. Existing homes sales, including distressed properties, fell nationally in October, due in large part to limited inventory, according to a new report. November 21st, 2013 9:15am
  • All Texas markets to be stable in 2014 All Texas real estate markets are expected to see growth in 2014. Housing market recovery among states typically varies by city and county. November 20th, 2013 9:01am
  • Job growth closely linked to recovering real estate market A dip in the employment market may negatively impact recent housing gains. A strong correlation between the job sector and the housing market exists, and some analysts are concerned that slow employment gains may begin to negatively impact recent real estate gains. November 19th, 2013 9:32am
  • Builder confidence unchanged in November Builder confidence remained at elevated levels for November 2013. Home builders remain largely confident about the state of the housing market, particularly with regard to newly built, single-family homes, a new survey reveals. November 18th, 2013 9:13am
  • Bidding wars subside as supply opens up Buyers have more options when it comes to purchasing a home. The bidding wars that once dominated the real estate market have begun to taper off as a greater supply of homes have become available and home buyers have more options from which to choose. November 15th, 2013 5:54am
  • Foreclosure filings increase 2 percent in October Foreclosures climbed 2 percent during October. Foreclosure filings - defined as default notices, scheduled auctions and bank repossessions - increased 2 percent during the month of October, driven in large part by an increase in judicial foreclosure auctions, a new report revealed. November 14th, 2013 7:38am
  • Mortgage delinquency rates drop to five-year low The number of homeowners falling behind on their mortgage payments has declined nationally. National delinquency rates have fallen to their lowest level since 2008, signaling that homeowners are in stronger financial positions and are prioritizing their home loan payments, a new study indicates. November 13th, 2013 9:01am
  • Commercial real estate market set to grow Commercial real estate is expected to grow on a national level. The commercial real estate market has experienced stops and starts in recent years, but is expected to get back on pace and demonstrate signs of stability. November 12th, 2013 7:02am
  • Houston ranks No. 2 in housing markets to watch in 2014 The Houston real estate market has been elevated to one of the top spots for market growth next year. A recent report listed the Houston real estate market as one of the top 5 housing markets analysts should keep an eye on in 2014, especially as home prices and sales continue to make notable gains. November 11th, 2013 4:44am