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Real Estate News ~

Distressed Properties

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New foreclosure regulations to keep Houston homeowners informedNew mortgage standards for major lenders are due to take effect starting January 2012, Marketwatch reports.October 17th, 2011 10:15am
Harris County preparing to file suit against major lendersThe major settlement between major banks and many of the state attorneys general may not absolve banks of all liability over problems with the mortgage process.October 13th, 2011 9:40am
Residential vacancies, homeownership both down during second quarterAccording to a recent report from the U.S. Census Bureau, the rates for both residential vacancies, including rentals and houses, and homeownership declined during the second quarter.August 1st, 2011 4:05am
Price-reduced homes remain widespread nationwideA 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 distressDistressed 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
House bill would give short sale deadlineA 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
Some foreclosure buyers could get closing cost assistancePotential 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
Year-over-year home prices decline for seventh straight monthAccording 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
Shadow inventory drops slightlyThe 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
"Vultures" boosting housing marketWith 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 renMarch 29th, 2011 10:48am
Banks becoming more open to fixing up foreclosuresThe 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
Foreclosures slide across U.S.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
Survey finds problems linger with short salesWith 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
Texas foreclosure sale rates below the 2010 national averageThe Texas real estate climate continues to be better than the national market, as the sales of Houston foreclosures continue to be lower than average.February 24th, 2011 11:44am
Experts say drug ring bust could make almost a dozen Houston properties availableA large-scale bust of 15 suspected members of a nationwide drug smuggling operation may result in 11 Houston real estate parcels going on the market if their forfeiture is approved.February 18th, 2011 7:33am
Houston foreclosures increase sharply in 2010Although 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
Foreclosure sales pick upThe 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
Foreclosure inventories rise againThe impact of foreclosures should continue to be felt in real estate markets across the country in the coming months, as the number of distressed properties has risen.December 29th, 2010 7:29am
Foreclosures plummet due to lender freezesAs many banks across the country halted their foreclosure processes this fall, the number of foreclosures dropped dramatically nationwide, according to a report from RealtyTrac.December 20th, 2010 12:23pm
Negative equity rises slightly in HoustonThe latest data from CoreLogic shows a slight increase in the number of Houston homes that have "underwater" loans, which may lead to more foreclosures and make it harder for those homeowners to refinance.December 14th, 2010 9:39am
Houston foreclosures skyrocket in third quarterAlmost 12 percent of residential properties sold in Texas in the third quarter of this year were in some stage of foreclosure, according to a recent report from RealtyTrac.December 2nd, 2010 11:11am
Stream of Texas foreclosures to continue in coming monthsA number of new Houston foreclosures may enter the market in the coming months, adding to the properties already on the market. But as time moves forward the number of new REO properties should fall, according to the mortgage firm Lender Processing ServicNovember 30th, 2010 7:36am
Buyers now steering clear of foreclosed homesA new report says that the recent foreclosure documentation controversy has had the effect of driving many potential buyers away from Houston foreclosures, and either driven them towards non-distressed properties or out of the housing market altogether.November 30th, 2010 7:34am
Shadow inventory to drag housing recoveryWhile the nation's housing inventory has continued to show modest improvements over the past few months, a report from CoreLogic says that a severe backlog of distressed homes waiting to hit the market will act like an anchor for some future improvements.November 24th, 2010 7:22am
Texas foreclosures rise despite lender freezesThe Houston real estate market may continue to see high levels of distressed properties, as the number of foreclosures in Texas continued to grow in October, despite the nationwide freezes put in place by many mortgage lenders across the country.November 11th, 2010 12:06pm