A multifamily project led by The Dinerstein Cos. and Coventry Real Estate Advisors will be moving forward now that the partners have closed on the acquisition. The project has been named Millennium High Street and will be located inside

The Galveston Housing Authority has announced its plans to rebuild some of the 569 public housing units devastated in Hurricane Ike three years ago. Under federal regulations, only half of the destroyed units can be

In a recent announcement, Mayor Annise Parker revealed plans to purchase the old Rufus Cage Elementary School, located at the intersection of Telephone Road and Baird Street. The building, which was built in 1910, is named after Rufus Cage,

The  Attorney’s Office of Harris County, Houston is prepping for a potential lawsuit with the Mortgage Electronic Registration Systems (MERS), alleging that the noted company owes the county upwards of $11 million in unpaid mortgage filing

Two senators are proposing a remarkably simple idea to to foreigners to spur housing investment – buy a house, get a visa. It may seem coy, but the proposal by Sens. Charles Schumer (D., N.Y.) and Mike Lee (R., Utah) really

In a late hour vote, the Senate approved by a 60-38 margin a measure to expand federal loan limits and return government-backed loans to the $729,750 that had been in effect the last three

Dallas fared reasonably well in the latest Case-Shiller Home Price Indices, the monthly report by Standard & Poor’s (S&P) that is the leading measure of U.S. home prices. The newest report, which surveys home prices for August, found monthly prices

After literally months of deliberation, the Federal Housing Finance Agency (FHFA) has announced that it is eliminating several restrictions to the government’s Home Affordable Refinance Program (HARP) to allow more delinquent homeowners to refinance their mortgages. Beginning with passive references

Standard & Poor’s will release its much-followed Case-Shiller Home Price Indices tomorrow, and if any rival indices are an indication, it will most likely post year and monthly declines in home prices. Riding high on a summer buying mini-boom,

For years, renting was seen as the more cost-effective alternative to owning, and generally, the viewpoint made sense. Renting lacks the property taxes, upkeep and other fees that often come with owning a home, and the skyrocketing prices of

A new Senate bill introduced Wednesday hopes to add another factor in the underwriting process in the form of energy costs, according to a new reportfrom Housing Wire’s Jon Prior. Introduced by Senators Michael Bennet (D-Col.) and Johnny Isakson

The Federal Housing Finance Agency (FHFA), the government body that oversees federal lenders Fannie Mae and Freddie Mac, has ordered the two financial bodies to phase out their network of foreclosure attorneys in the wake of the robo-signing foreclosure

After increasing almost 8 percent in August, existing-home sales fell back to earth in September, decreasing 3 percent from August but retaining strong year-over-year gains, according to new data released by the National Association of Realtors (NAR) today. Total sales

Who knew something so popular could receive such scorn? Since mid-September, when the mortgage interest tax deduction (MID) was floated as a possible casualty of the Congressional “Super Committee” charged with lowering the federal deficit, the famous deduction has

Freddie Mac Chief Economist Frank Nothaft released the October 2011 Economic Outlookyesterday, reporting a decrease in homeownership but increase in rental demand. On one hand, Nothaft reported an increase of 1.4 million households that have moved to rental properties

The Federal Reserve approveda new policy on Monday that aims to clarify how larger financial institutions would handle another systemic shock to the banking sector, though some critics still say the new policy falls short. The plan, which was