News / Features

Realogy sues Compass over alleged illegal business practices

On the same day, Compass settled a lawsuit against one titan of the real estate industry while finding itself at the center of a new, explosive complaint from another competitor. In a summons filed in the Supreme Court of

Most consumers would wait up to 3 months before cutting the price on their home

Home prices across the U.S. have been rising faster than inflation and average wages for several consecutive years, although in some cases, that trend is beginning to slow or even reverse. That may be due to homeowners getting more

Mortgage delinquencies hit historic lows

Loan delinquency rates hit their lowest level in 20 years this past April, according to a new report from real estate data firm CoreLogic. The report shows that nationally in April, about 3.6 of household mortgages were in some

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Midyear job gains encouraging, particularly for construction

While casual observers might have been expecting dismal numbers in the latest jobs report from the Bureau of Labors Statistics following expectedly soft figures in May’s report, Friday’s jobs report was actually pretty encouraging. The total nonfarm job count

How a big fee hike turned into a break for vets

This Fourth of July, the mortgage industry has good news for veterans in high-cost real estate markets. Thanks to the Blue Water Navy Vietnam Veterans Act, recently signed into law by President Donald Trump, veterans who secure loans through

Loosening inventory a good sign for Houston’s housing market

Houston’s real estate market showed that it’s on a roll heading into summer with new figures available from the Houston Association of Realtors. The June numbers, based on available data from the local MLS, show that new single-family listings,

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Zillow home value estimate adds new AI capabilities

Zillow’s trademark “Zestimate” feature, which lets homeowners and prospective buyers see the estimated value of almost any residence, has been upgraded to incorporate artificial intelligence and machine learning capabilities that the company says will improve accuracy. According to a

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This week in Houston real estate: Chase Tower deal, post office plans unveiled, and more

New York firm to buy Houston’s tallest skyscraper According to Real Estate Alert, New York based company Cerberus plans to purchase Downtown’s iconic Chase Tower along with the adjacent Chase Center. Cerberus is working with Hines, a local developer

Mortgage update for the week of June 24

Mortgage application activity remains strong The number of mortgage applications submitted during the week ending June 21 grew 1.3 percent compared to the prior week, according to the Mortgage Bankers Association’s weekly survey. Growth in refinance applications was somewhat stronger

Real estate in brief: Executive orders, home values and more

Trump prioritizes affordable housing with executive order President Trump signed an executive order June 25 to propose “eliminating regulatory barriers to affordable housing.” Secretary Ben Carson of the U.S. Department of Housing and Urban Development will chair a new

These are the top issues impacting real estate in 2019

The Counselors of Real Estate, an international organization for commercial real estate professionals, ranked what its membership body recently voted on as the current and emerging issues it expects to have the most significant impact on real estate.  Topping

May pending sales report adds to positive summer housing forecasts

Less than a week after the National Association of Realtors reported stronger than expected existing-home sales for the month of May, there’s more good news for the U.S. housing market. NAR’s Pending Home Sales Index for May came in

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Latest commission-free real estate platform comes to Texas

A new company is opening up shop in Houston and other Texas cities to sell homes, joining an influx of companies using technology to shoot holes in the traditional agent commission business model.  Colorado-based Blue Match says it provides

How inequality is distorting the housing market

The Joint Center for Housing Studies at Harvard University (JCHS) recently released its annual State of the Nation’s Housing report for 2019. For more than 30 years now, JCHS has put out a comprehensive report on trends in the

High-end home sales decline nationwide

In March, the luxury home market saw the largest drop in sales since 2010 with an 8.3 percent year-over-year decrease in closings, according to data gathered by Realtor.com. There were just 8,343 sales in excess of $1 million across

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This week in Houston real estate: Post office redevelopment, influx of educated workers, and more

Plans unveiled for longstanding post office building Downtown’s Barbara Jordan Post Office, originally opened in 1962, will undergo a long-anticipated redevelopment. The 550,000 square foot building was purchased by Lovett Commercial in 2015 and has served as a multipurpose

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