Local News

Real estate news in Atlanta

2012 NAR Profile of Home Buyers and Sellers: FSBO Sellers

By Peter Ricci The for-sale-by-owner (FSBO) market is one of untapped potential, like an oil reserve that real estate agents haven’t quite reached yet. After all, these are consumers who are looking to sell their homes, but are not

Top 10 Cities By Closings

By Stephanie Sims Wonder what Houston-area cities have the most closings? Here is a list of the top 10 cities by total transaction closings in

Ben Milam Hotel Will Be Imploded This Sunday

By Natalie Terchek The old Ben Milam Hotel will be imploded this Sunday at 12:30 p.m by demo firm, D.H. Griffin of Texas. The 10-story building across from Minute Maid Park will be replaced with a luxury residential complex,

3 Reasons Houston Real Estate Will Avoid the Fiscal Cliff

By Peter Ricci The last month, we’ve been devoting quite a bit of coverage to the fiscal cliff, analyzing its implications for the housing market and specific pieces of housing policy, most notably the mortgage interest tax deduction. A

Asking Prices Continue to Improve in Trulia Price Monitor

By Peter Ricci Asking prices continued to show improvement in the Trulia Price Monitor, a leading indictor of market activity that studies the asking prices of new property listings on the real estate website. Overall, the Trulia Price Monitor found

CoreLogic Home Price Index Posts Best Month in Six Years

By Peter Ricci Home prices rose 6.3 percent year-over-year in October according to the latest Home Price Index from CoreLogic, which is the biggest yearly increase since June 2006 and the eighth consecutive month of yearly increases. This is the

Clock is Ticking for Mortgage Forgiveness Debt Relief Act

By Peter Ricci The fiscal cliff, and its implications for the U.S. economy, may be receiving all the attention from the media, but the National Association of Realtors (NAR) is doing its darnedest to ensure that another, equally potent

Gary Greene Opens New Marketing Center in Magnolia, Texas

  By Natalie Terchek Better Homes and Gardens Real Estate Gary Greene is pleased to announce the opening of its Magnolia Marketing Center, which will serve the fast-growing community in south Montgomery

2012 NAR Profile of Home Buyers and Sellers: Selling Experience

By Peter Ricci For the last two weeks, we’ve taken a detailed look at the homebuyers side of the National Association of Realtors’ 2012 Profile of Home Buyers and Sellers, analyzing demographics, the home search process, what kinds of

Monthly Mortgage Payments Average in Texas, Finds Lending Tree

By Peter Ricci Monthly mortgage payments in the Lone Star State are pretty average, according to an expansive study by Lending Tree of the various states’ mortgage payments in the last 12 months. As Lending Tree found, monthly mortgage payments

2012 NAR Profile of Home Buyers and Sellers: Lending Standards

By Peter Ricci Now that the real estate markets have begun a slow, steady recovery, it’s become commonplace for analysts to debate what factors are holding back housing from the rollicking, surging recovery we all dream about. From negative

Texas Home Prices Remain Strong, Rise 4.4 Percent in Dallas Case Shiller

By Peter Ricci Texas home prices continued their 2012 surge, with prices in Dallas rising 4.4 percent year-over-year in September in the latest Case-Shiller Home Price Indices from Standard & Poor’s. The Case-Shiller does not track home prices in Houston, but

2012 NAR Profile of Home Buyers and Sellers: Home Searching

By Peter Ricci Real estate has undergone a radical change in the last 15 years, but perhaps no area of the industry has changed more dramatically than that of how prospective homebuyers search for properties. What used to be

Skyrocketing Housing Demand Pushes Houston Housing Inventory to Lowest Level in Decades

By Peter Ricci Single-family home sales surged in Houston in October, rising 32.7 percent from the year before and pushing the Bayou City’s housing inventory to just a 4.4 month-supply, a level not seen since December 2001. It was

Census Bureau: October Housing Starts Rise to Four-Year High

By Peter Ricci Privately-owned housing starts in October rose 3.6 percent from September to an annual rate of 894,000, which is the highest rate since July 2008, according to new numbers from the U.S. Census Bureau. That total was

Fannie Mae’s “Housing Insights” Examines Homeowner and Rental Markets

By Natalie Terchek Fannie Mae’s Economic & Strategic Research Group released a new edition of its Housing Insights survey that examines how the recession affected homeownership and rental markets. Interestingly, even with rents rising, homeownership rates are on a

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