News / Features

Unorthodox Strategies Emerge for Dealing with Foreclosures

States with the slowest foreclosure processes might see their federal funding suspended until conditions improve, according to HousingWire’s Jon Prior. During a House committee hearing Wednesday over bonuses paid to Fannie Mae and Freddie Mac executives, Edward DeMarco, Federal

October Scares More Homes off the Market

Year-over-year housing inventory was down 21 percent in October, according to a RE/MAX housing report cited by HousingWire. The decline is the 16th straight month of falling inventories. In addition, agents reported a 7.7 month supply of homes to

Homebuilders Adapting to the ‘Family’ Business

Apparently, academics and media outlets aren’t the only ones following Pew research polls. After releasing a study in October on multigenerational housing – which reported that in the last 30 years, 23 million Americans have transitioned to multigen housing,

Obama Administration Makes Housing More Affordable for Seniors and the Disabled

Thanks to $749 million worth of grants from the Department of Housing and Urban Development (HUD), thousands of very-low-income seniors and disabled persons will have access to affordable and supportive

‘High Density’ Ordinance Returns with a New Identity

The high-density ordinance, which was Houston’s attempt to stop tall buildings from being constructed near residential neighborhoods, is apparently back on the table, though it’s returning under a different name, according to the Houston Chronicle‘s Nancy

Housing Starts in Oct. 16.5 Percent over 2010

Housing starts increased in October by 16.5 percent, year-over-year, to a seasonally adjusted rate of 628,000, according to the most recent data from the U.S. Census Bureau and the Department of Housing and Urban

Could Fannie Mae Be Profitable Again?

Fannie Mae released its third quarter balance sheets a couple weeks ago, and the $5.1 billion loss – accompanied by a plea for $7.8 billion in additional government financing – chaffed more than a few observers, leading to further

NAR Documents Changes in Homebuyers and Sellers

The National Association of Realtors has released its 2011 Profile of Home Buyers and Sellers, a survey of 5,708 home buyers and sellers that studies the demographics and features of both the individuals involved and the properties they were

Realtors Give Thanks for Houston Home Sales

Housing in Houston just experienced its fifth straight month of positive sales, a development that has inspired the Houston Association of Realtors (HAR) to give thanks (great timing!). According to HAR’s most recent monthly data, single-family home sales rose

NAHB Index Builds Upon Recent Gains

The National Association of Home Builders/Wells Fargo Housing Market Index (HMI), which gauges home builder confidence for single-family home construction, rose for the second straight month, increasing by three points in November to a total of 20. With October’s

Houston Housing Authority Earns $8 Million from Auction

The auction of more than 170 leftover Scattered Sites properties this week raised $8 million for the Houston Housing Authority. The organization plans to invest the funds in local multifamily affordable housing projects. The properties—171 homes and three home

Single-Family Homes and Condos to be Auctioned Next Month

Houston will have a property auction for bank-owned properties on December 10. Properties to be auctioned includes single-family homes, condominiums, commercial buildings and land

Design Tour Showcases Houston’s Most Architecturally Interesting Homes

The Modern Outdoor Design Tour took place in Houston on November 12., which showcased a total of 13 homes that stand out from the rest for their architecture and design. For $30, attendees were able to view all 13

FICO Unveils New Credit Score to Counter ‘Strategic Defaults’

An Oct. 31 study by Moody’s recently pinpointed homeowners with jumbo loans as a greater default risk than any other type of borrowers, including even risky subprime mortgages. Basing its claims on an analysis of of the nation’s mortgage-backed bond portfolios,

FHA Contradicts Critics with Annual Financial Report

The Federal Housing Administration (FHA) released its annual financial report to Congress earlier today, and surprisingly, it boldly contradicts recent claims from academics and news outlets regarding the government agency’s solvency. According to a recent Wall Street Journal piece that

2012 Predictions from NAR’s Annual Conference Bring Good News to Homeowners and Buyers

Economists at the National Association of Realtors’ (NAR) annual conference, currently underway in Anaheim, California, expect to see gradual improvements in the housing market throughout 2012. Existing-home sales this year have risen 4 to 5 percent, and new home

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