Real Estate News
The National Association of Realtors recently released its data regarding April's real estate market, which revealed a negative trend for Houston properties.Nationally, existing home sales were down 0.8 percent from March, reaching an annual rate of 5.05 million. Year-over-year, the decline was even greater, falling by 14.8 percent. In...
According to Campbell/Inside Mortgage Finance's HousingPulse Tracking Survey, the number of first-time homebuyers looking for properties is not enough to reduce the current market's inventory.The survey revealed that 35.7 percent of those looking for new homes or properties are doing so for the first time, which is down from 43.4 percent...
Texas legislators recently approved a bill that looks out for active military personnel who also own a home.Senate Bill 101, which was passed by the House and Senate this week and now must be signed by the governor to make it official, would amend the current Service Member's Civil Relief Act to protect these active members against potential...
According to the most recent data released from the Texas Workforce Commission, the state's unemployment rate continued to improve, declining for the third consecutive month.Overall, the seasonally adjusted rate settled at 8 percent, a 0.1 percent fall from March and 0.2 percent year-over-year decline. The rate is also well below the 9...
A recent article for the Express-News discussed how the declining foreclosure rate, both nationally and specifically in San Antonio, might not necessarily be a positive sign.While fewer foreclosures would signal a return in consumers' financial strength, it could also mean that the foreclosure process has changed and become more strictly...
Recently, Texas legislators came to an agreement on a two-year, $80.6 billion budget for the state.While no further details regarding the deal were relayed, many expect the new budget to include a "massive amount of state layoffs," the Associated Press stated.
The state had been attempting to resolve its multi-billion dollar gap in...
A recent report from TransUnion discovered that those who defaulted on their mortgage as a result of the economic recession are not as likely to be credit risks as others with multiple past-due accounts.To conduct its research, TransUnion compared auto and credit card loans between those with mortgage-only delinquencies and those who have more...
A report from the National Association of Realtors relayed that one result of the recent increase in jobs nationally could mean more demand for commercial real estate."Job growth creates demand for commercial space, and the economy should be adding between 1.5 million and 2 million jobs annually both this year and in 2012, with the...
According to the most recent information released by the Houston Association of Realtors, home sales in the region during April did not reflect the improvement experienced across the country.While transactions for new single-family homes increased by 7.3 percent during April nationwide, sales for similar Houston properties fell 14.2 percent. The...
Home Price Index falls 0.3 percent during March
The Federal Housing Finance Agency's home price index declined for March, revealing that property prices throughout the country were 0.3 percent lower than February.
Overall, the HPI was down 2.5 percent during the first quarter of 2011 compared to the last quarter of 2010....
The Federal Housing Finance Agency's home price index declined for March, revealing that property prices throughout the country were 0.3 percent lower than February.Overall, the HPI was down 2.5 percent during the first quarter of 2011 compared to the last quarter of 2010....
