Archive

FHFA Delays Principle Reduction Decision

After tacitly supporting the policy and hinting at a definitive approach, the FHFA has delayed its decision on principal reductions. Facing mounting support for the policy, Acting Director Ed DeMarco reversed himself somewhat in early April when he came

Vacancy Rates Fall for Rentals and Homes

Rental vacancies and the homeownership vacancy rate both fell in 2012’s first quarter, according to new data from the Census Bureau. For rentals, vacancies have been on a steady decline since 2010, when the rate was 10.6 percent in

Glass Half Full for Houston Housing Market

  A new survey by Prudential Real Estate says that American optimism  for homeownership has significantly risen over the past year. According to the national survey, 60 percent of Americans have a positive outlook on homeownership, which is up

U.S. Mortgage Bond Program Wraps; Gains $25 Billion

The U.S. Treasury Department says it has sold off the final portion of $225 billion in mortgage-backed securities it purchased during the height of the financial crisis, and in addition, the sales of securities issued, primarily by troubled mortgage

Psychoanalysis in the New Home Market

Real estate is an industry of hyper-local interests, and few sectors of the market better demonstrate that than construction. Though some builders are growing, and raising prices as a result, others are still pursuing incentives, such as price cuts,

How To Take Advantage Of The Foreclosure Settlement

Starting today, the $25 billion Robo-Signing (or Foreclosure) settlement will begin to go into effect. The settlement, put together between the US government and five major banks (Ally Financial Inc/GMAC Mortgage, Bank of America, Citigroup, JP Morgan Chase and

Do You Know How To Help Your Clients Avoid The Four Most Common Mistakes Made When Buying A Home?

Buying a home is one of the biggest purchases of your client’s life, and they want to be cautious that they don’t make any mistakes that they’ll regret later on. Here are the top four most common mistakes made when buying

Houston Goes Gated

By: Chelsea Lameira They say everything’s bigger in Texas, and apparently that even goes for gated communities. According to the Houston Business Journal, the demand for high-end homes in gated communities in Houston, Texas has prompted the development of

Stewart Title Guaranty Company Starts Community of Sharing Initiative

Stewart Title Guaranty Company announced a new charitable giving program as part of its Community of Sharing initiative. Stewart has partnered with HelpingaHero.org to help wounded veterans attain sustainable home

Brookfield Residential Property Services Purchases Prudential Real Estate & Relocation

Global real estate company Brookfield Residential Property Services has recently acquired Prudential Real Estate & Relocation Services. The acquisition has combined two powerful companies and has created what may become a global real estate

Houston City Council Proposes Expansion of Urban Area

It has been two years since the people of Houston expressed concern for a proposal which would have expanded the city’s urban area to Beltway 8, but the issue has resurfaced in the city

Buffer Ordinance Proposed to Keep High-Rises and Neighborhoods Separate

A proposal regarding the proximity of high-rise structures to single-family residential areas was presented to the city council development and regulatory affairs committee, which offers three buffer options. The proposal will be presented to the Super Neighborhoods Alliance

Housing Affordability Only Improves in Latest NAHB Index

Housing affordability displayed slight improvements in the third quarter of 2011, with interest rates at their lowest levels and  affordability near the highest levels it has been in over twenty years, according to the National Association of Home Builders

Congress Finds Middle Ground for Federal Loan Limits

After weeks of deliberation and endless hours of lobbying from the National Association of Realtors and other interest groups, Congress has finally agreed upon a resolution for raising the limits of federal conforming home loans, according to a new

Avison Young in Houston Welcomes Two New Principals

Avison Young’s Houston office principal and managing director recently announced the addition of two new principals to the Avison Young Houston Team: Harry Holmes and Rob

Luxury-Home Designation Awarded to Prudential Gary Greene’s Mary Kiesewetter

Mary Kiesewetter, a real estate agent with Prudential Gary Greene, Realtors, was given the Accredited Luxury Home Specialist (ALHS) Designation by the Luxury Home

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