News / Features

Case-Shiller Declines 3.9 Percent in January

The Case-Shiller Home Price Indices, which measure the 10 and 20 largest metropolitan areas via composites, showed monthly and yearly declines in the latest release from Standard & Poor’s. The 10-city composite showed an annual decline of 3.9 percent,

Pending Sales Maintain Yearly Gains in February

The National Association of Realtors’ (NAR) Pending Home Sales Index increased from 88.4 in February 2011 to 96.5 in February of this year, an uptick that suggests some of the strongest existing-home sales in years. A leading indicator for

Chow Ng has Joined Weichert Realtors-Waynne Murray Team

Chow Ng has joined the sales team at Weichert Realtors-Wayne Murray Properties and will serve buyers and sellers in the Greater Fort Bend County. Ng is a resident of Stafford. “We are always gratified when a new agent sees

Homebuilder Stocks Hits Highest Point in Two Years

Investors say they are  “cautiously optimistic,” about the housing market as home builder stocks have hit their highest point in two years after a six month rising period. According to an article by the New York Times, the market

Waller Team Expending to Bring Residents to Small Towns

Prudential Gary Greene, Realtors’ Cypress office is expending and restructuring its Wallace office to better serve dwellers who are looking for a small town experience. According to Rich Guderyon, manager of Prudential Gary Greene, Realtors’ Cypress office, a team

Homebuyers Headed to Smaller Homes in Bigger Cities

By: Chelsea Lameira A recent study shows that new homebuyers are finding small living spaces in urban areas more attractive than in previous years. According to an article by Housing Wire the Urban Land Institute of North Texas’ executive vice

New Home Sales Increase 11.4 Percent From 2011

For the second month in a row, new home sales were down monthly but up yearly, increasing 11.4 percent from February 2011 but decreasing 1.6 percent from January 2012’s revised rate of 318,000, according to data just released today

Demand Remains High for Design Services in February

The Architecture Billings Index (ABI), a leading economic indicator of future construction activity, reported positive numbers yet again in February, marking the fourth straight month that the index has been in such territory, according to the most recent press release from the American Institute of

CoreLogic Brings Shadow Inventory Into the Light

Research firm CoreLogic released its latest residential shadow inventory study yesterday, reporting that the ever-nebulous sector of housing in January 2012 stood at 1.6 million units, or a six months’

Construction Start-ups the Latest Indicator of an Industry Recovery

The news cycles have been been abound with positive developments in construction the past couple weeks, but the Wall Street Journal has just reported on perhaps the most encouraging detail of all – of the many sectors of the economy, construction is one

Are Mortgage Rate Scares Overblown?

The continuing decline of mortgage rates was a welcome sign of consistency in an increasingly chaotic market. Amidst foreclosures, settlements, REOs and shadow inventories, we all seemed to grow comfortable with the fact that come Thursday, Freddie Mac would

The Shifting Foreclosure Landscape

Two developments in the foreclosure market this week, one involving completions and the other construction, have shown that housing is slowly but surely working its way through the distressed inventories that have long plagued the

February Existing-Home Sales Up 8.8 Percent over 2011

Existing-home sales continued their strong year-over-year increases with the latest data for February, as sales rose 8.8 percent from last year to a seasonally-adjusted annual rate of 4.59 million, according to the National Association of

Default Rate Declines the Newest Chapter in Improving Homeowner Finances

Standard & Poor’s continued what has been an entire month of credit-friendly news with its reports on first-time default rates, which declined on consumer credit for the second straight month while nonpayments on second lien mortgages hit a new

FHA Delinquencies Remain Foreground Topic

Throughout most of 2011, the finances at the Federal Housing Administration (FHA) received considerable media attention, with analysts and politicians alike predicting the end of the agency. An recent infusion of funds was thought to have alleviated those concerns, but new

New Construction Data Points to Flourishing Spring

The U.S. Census Bureau and the Department of Housing and Urban Development released hugely promising data on February building permits earlier today, reporting a 5.1 percent increase from January and 34.3 percent increase from last year at an annual rate

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