News / Features

Mortgage Lenders Deny 23.5 Percent More Loans in 2010

In 2010, the nation’s 10 largest mortgage lenders denied 26.8 percent of loan applications, up an additional 23.5 percent from the amount denied in 2009, said the Wall Street

Houston Notes Trend Toward Apartment Rentals

The market for single-family homes was down 11.9 percent last month, said the Houston Chronicle, adding to the belief that apartment rentals are gaining market

Monthly Data Expected to Track Increase in Pending Sales, but Nearby Recovery Still Unlikely

On Wednesday, NAR will report on pending home sales for May; data from housing economist, Thomas Lawler, shows that the increase in pending sales for May will probably create a double-digit gain from April, said the Wall Street Journal.

NAHB Poll Finds Hopeful Statistics – Many Still Value Owning a Home

A recent poll from NAHB has proved that, according to the 2,000 likely voters who were polled, one thing remains consistent in the housing market: owning a home is still

Heritage Texas Properties Donates Effort and Portion of Commissions To “Go Red” Campaign

Starting last month, many open houses around the Houston area were accompanied by heart shaped balloons, a token signifying the unusual unity of the real estate and health

New Home Sales Fall for the First Time in Three Months

Fewer people bought new homes last month. New-home sales fell 2.1 percent in May to a seasonally adjusted annual rate of 319,000 homes, the Commerce Department said. That’s far below the 700,000 homes per year that economists say must

CoreLogic Shines Light on Shadow Inventory

All across the nation, people are affected by foreclosures. Now, with foreclosures declining, the number of bank-owned houses is,

Anticipated Impact of QRM Proposal Increasingly Glum

The proposal of a 20 percent down payment under the Dodd Frank Act has been regarded as potentially detrimental, with many lawmakers worrying that first-time homebuyers will be locked out from buying a home; new information, presented at Capitol

Real Estate Cycle Expected to Push Buyers Toward Renting

As buyers hesitate to invest in a time when loans are hard to obtain and many homeowners are finding themselves underwater, rentals are becoming a desirable

Emergency Homeowners’ Loan Program Offers Window of Opportunity for Unemployed

The Emergency Homeowners’ Loan Program (EHLP) is a new $1 billion Obama administration program which is estimated to assist 30,000 unemployed borrowers, who are otherwise straining to avoid foreclosure, reports the Wall Street

Panelists Work to Establish Future of Mortgage Market

Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo, which combined hold 70 percent of the private mortgage origination market, may soon fill the void Fannie Mae and Freddie Mac leave behind, said Housing

Houston Real Estate Market Numbers Obscured by 2010 Tax Credit

The 2010 home buyer tax credit continues to obscure an accurate gauge of how the Houston real estate market is performing, according to the Houston Association of Realtors

Marcus & Millichap Seeks Commission Costs

The Southeast Texas Record reported that a lawsuit between Marcus & Millichap Real Estate Investment Services of Texas and Prime Income Asset Management has emerged, as the latter has supposedly failed to pay commission for the sale of the

Google and SolarCity Collaborate to Create a $280 Million Solar Project Fund

Texas will be one of nine states, accompanied by the District of Columbia, to be eligible for a lease project catering to the alternative energy market, which was recently made public

More Lawmakers Join Anti-QRM Proposal

A force of approximately 240 lawmakers have now joined the argument against the qualified residential mortgage (QRM) down payment, hoping to reduce the currently proposed rate of 20 percent, said Housing

Are Real Estate Videos Reaching the Right Market?

Web-savvy consumers may not typically desire commercial videos for brands, products, etc. while browsing the web, but data from comScore demonstrates that 83 percent of all Americans watched an online video in May, racking up over 5.6 billion viewing

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