News / Features

Existing Home Sales May Shine in August

Existing home sales in August are projected to increase 5.4 percent from July and 15.8 percent year-over-year, according to the most recent projections from Tom Lawler, a noted analyst of the housing market. Lawler said he based his estimates

Cypresswood Leads the Way for Energy-Efficient Senior Housing

Cypresswood Estates, a housing community for active adults over the age of 55, is a finalist for this year’s Multifamily Pillars of the Industry award by the National Association of Home Builders (NAHB). The grounds for the nomination: the

Oct. 1 the Day of Defeat for Federal Loan Limits

Despite efforts by politicians and housing professionals, federal housing limits will likely decrease on Oct. 1, a development that could hamper homeownership in some markets. The limit to loans by Fannie Mae, Freddie Mac and the Federal Housing Authority

Declining Debts an Economic Delight for 12th Straight Quarter

Household debt declined for the 12th straight quarter, as a decrease in mortgages pushed total debt down by a seasonally-adjusted 0.6 percent and mortgage debt by 2.4 percent, according to data from the Federal Reserve. John Wasik, a columnist

Households Seeing Double in Descending Numbers

“Doubled-up” homes, or, homes that include at least one additional adult who is neither a student nor the homeowner’s spouse/partner, decreased by 0.4 percent in 2011, though the total number of doubled-up homes remains far above its 2007 totals.

NAR Recommends Modifying the Nation’s REO Speedwagon

The National Association of Realtors has responded to a request from the U.S. Department of Housing and Urban Development, the Federal Housing Finance Agency and the U.S. Department of the Treasury for input on recommendations for selling real estate

Indian Summer Surge for Home Sales

August home sales defied seasonal trends and rose 18 percent from last year, according to new data from RE/MAX. Historically, June is the highest-selling summer month, but in 2011, both July and August exceeded June’s sales

Houston Builder Soars in August with 47 Percent Increase in Closings

LGI Homes, a Texas builder with operations in Houston, had a record-breaking August with 84 closings, a 47 percent increase over July. Ironically, July in itself was a record month for the developer, when it sold 57 properties. August

Senate Flanked with Housing Ideas

The seemingly never-ending debate on housing policy continued on Wednesday in Washington, as economists and policy analysts from a myriad of organizations testified before a Senate subcommittee on what to do about housing, particularly the 11 million borrowers who

Prudential Gary Greene Announced New Multicultural Division

Prudential Gary Greene, Realtors announced its new Multicultural-International Real Estate Division today. The division will be focused on servicing the needs of Houston’s growing multicultural population. “With the Asian and Hispanic population growing at three times the rate of

KeepSum Brings Coupon Euphoria to Real Estate

KeepSum, a website that attempts to bring the same bright, zany style of the gloriously successful Groupon to real estate, has just formally launched, beckoning Realtors to “save some, keep sum.” Functioning more on a business-to-business basis than business-to-consumer,

Honesty, Accountability the Goal for New Texas Real Estate Laws

Consumer confidence is the name of the game for recently-implemented laws in Texas, which place new rules and restrictions on several areas of real estate with more to follow in 2012. The product of two laws passed earlier by

Competition in YOY Forecast

Early reports on Augusts’ Year Over Year (YOY) forecast have lead to competing forecasts between financial and economic analysts. The National Association of Realtors (NAR) estimated that home sales this July ran at a SAAR of 4.67 million, a

Housing “Disturbia” for Rihanna

Pop star Rihanna is a good girl gone bad – at least when Beverly Hills real estate is concerned. The chart-topping singer is suing Prudential California Realty, the company that sold her a 10,000-square-foot mansion for $6.9 million in

Hidden Housing Help in Obama’s Jobs Bill

Housing experts were none too kind to President Obama after his non-specific mention of housing in a major jobs speech last week, but it appears that his jobs bill, the more heavily promoted policy of the speech, does contain aid

HAR Brings Historical Edge to New MLS

The Houston Association of Realtors (HAR), in collaboration with the city of Houston, is launching the “Houston Historic Districts Homefinder,” a new MLS that allows homebuyers to search for homes in a decidedly historical manner. “As a potential homebuyer,

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