Following a sharp drop in the months immediately after expiration of the homebuyer tax credit, pending home sales have modestly risen, according to the National Association of Realtors.
The Pending Home Sales Index,* a forward-looking indicator, rose 5.2 percent to 79.4 based on contracts signed in July from a downwardly revised 75.5 in June, but remains 19.1 percent below July 2009 when it was 98.1. The data reflects contracts and not closings, which normally occur with a lag time of one or two months.
Lawrence Yun, NAR chief economist, cautioned that there …

The GHBA announces the launch of its new green building program, Green Built Gulf Coast (GBGC). Under GBGC, the GHBA is now an adopting entity of the National Green Building Standard® ICC 700-2008.
GBGC is a voluntary green building program in which all GHBA members can participate.
This is the first Builder Training Education Course and it will review the components of the program, instruct builders regarding the interpretation of the Green Built Gulf Coast (GBGC) program, and outline what is necessary in order for the builder to be in compliance …

International real estate investment and services company Kennedy Wilson  today announced that its auction division offered and sold 26 units of Edge condominiums at an auction that it conducted on Sunday, August 29, 2010 at Hilton Americas-Houston. Gross sales totaled $6 million, and prices averaged 204% of starting bids, exceeding the seller’s expectations.
“The seller chose a Kennedy Wilson auction over a number of other options, including an extended traditional sales program,” Rhett Winchell, …

Friday , September 17
Heritage at Town Lake Lodge
9:00 am – Noon
19201 North Canyon Lake Springs Drive
Cypress, Texas 77433

Enjoy gourmet coffee, continental breakfast and a full lunch.
Make a donation to support animal adoption and rescue group “Purr Paws” and receive a FREE t-shirt from Friendswood Development Company.
Mimi’s Jewelry  will also be there with the latest bling.

RSVP online
For more information please call the Heritage at Town Lake Lodge at 281.373.0970.

RE/MAX has further broadened its international reach into two new countries: Bolivia and Tunisia.
New Region Owners Tarek Thabet of RE/MAX Tunisia and Oliver Viera of RE/MAX Bolivia said the brand’s strong global visibility and credibility were prime reasons they chose to purchase a RE/MAX master franchise. Both of the new owners predicted that the entrance of RE/MAX into their countries would increase the level of professionalism in their national real estate markets.
“Despite the recovering economies around the world, RE/MAX continues to attract enthusiastic entrepreneurs,” said William Soteroff, Senior Vice President, …