Houston Real Estate Blogosphere
Houston Real Estate Blogosphere brings together all the blog posts of REALTORS from the Houston area in one place
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Affordable Housing

The most recently published posts in the Affordable Housing category
Many retirees have been struggling to qualify for a mortgage, finding their post-retirement monthly incomes aren’t sufficient enough to get a loan under today’s tough underwriting standards. The problem was particularly pronounced for retirees who were still making payments on car loans, credit cards, or home equity lines of credit and who found they were unable to qualify under today’s low “debt-...
Read Post [Posted on 10/20/2014 By John Askins]
The average price for a home in Houston has increased by nearly $94,000 over the past decade.In 2004, the average price for a Houston home was $175,800. Today, that price has increased more than 50 percent to $269,440, according to data from the Houston Association of Realtors and the Real Estate Center at Texas A&M University.In recent years, home prices have skyrocketed in Houston, squeezing...
Read Post [Posted on 10/15/2014 By Susan Arnoldy]
After a lifetime of living and working among people of all age groups, many retirees move to communities where they can live primarily among their peers, seeking towns where those age 65 and older make up the largest percentage of the population. We then narrowed the search to one place in each state to give the list some geographic diversity.Karen Lovegrove, 71, lives almost exclusively among oth...
Read Post [Posted on 10/15/2014 By John Askins]
Owe more on your Fannie Mae- or Freddie Mac-guaranteed mortgage than your home is worth? Uncle Sam is giving you until the end of 2015 to use the federal Home Affordable Refinance Program to refinance your underwater home loan.HARP, part of the Making Home Affordable Program, was set to expire Dec. 31, 2013. U.S. Treasury Department officials extended the program until Dec. 31, 2015, c...
Read Post [Posted on 10/14/2014 By Marla Lewis]
“It doesn’t matter how good you are in the property management business, there’s always something you’re can get sued for,” Lori Burger, CPM and the Institute of Real Estate Management’s 2014 president. Part of it is just the nature of the business: Balancing relationships and contractual agreements with both property owners and renters can leave property managers open to litigation fro...
Read Post [Posted on 10/14/2014 By John Askins]
If income growth is key for greater household formation, housing analysts say some recent progress on the salary front may soon unleash pent-up housing demand among younger adults.While all age groups, except for those above age 65, continue to experience lower incomes than in 2007, according to a U.S. Census Bureau Current Population chart, analysts say a notable change that started last year is ...
Read Post [Posted on 10/11/2014 By John Askins]
Apartment rents and occupancies are near record highs as demand increases, particularly among former home owners who have faced foreclosure and are now forced to rent than buy. Rising rents are appearing even in the hardest hit cities, such as Orlando, Detroit and Phoenix, that have faced some of the highest unemployment rates and biggest losses in housing values, The Wall Street Journal reports...
Read Post [Posted on 10/11/2014 By John Askins]
More than half of renters who wish to buy a home say they are unable to because they’re not able to save enough for a down payment, according to Trulia’s American Dream survey. Lack of a down payment proved to be the biggest obstacle for young adults (18-34 year olds), as 62 percent cite it as the reason they have been unable to buy a home. Among those aged 35-54, the bigger concern was qualifyin...
Read Post [Posted on 10/11/2014 By John Askins]
Home prices continue to rise nationwide, albeit at a slowing pace. Including distressed sales, home prices rose 6.4 percent year-over-year in August, according to CoreLogic's latest Home Price Index.All 50 states showed year-over-year home price gains, with nine states soaring to new highs. Those states were: Texas Colorado Iowa Louisiana Nebraska North Da...
Read Post [Posted on 10/10/2014 By John Askins]
Renters are increasingly saying that if a rental unit doesn’t allow a pet, they don’t want it. A survey by Apartments.com found that 43 percent of those surveyed say they are current pet owners and more than a quarter say they plan to get a pet within the next year. Even among those who aren’t pet owners, 34 percent still say they want to have the option and enjoy living in a pet-friendly building...
Read Post [Posted on 10/10/2014 By John Askins]
First-time buyers are increasingly turning to their parents to help fund their home purchases. Twenty-seven percent of first-time home buyers last year received a cash gift from relatives or friends for a down payment, according to the National Association of REALTORS®. That's up from 24 percent in 2014, and it also marks the highest share since NAR began tracking such data in 2009.Young ...
Read Post [Posted on 10/07/2014 By John Askins]
Yes you can finally Rent to Own.Clear cut guidelines.Ask me how to get you approved.It's really here.
Read Post [Posted on 10/06/2014 By Gerald Page]
Extensively remodeled with new wood looking flooring, new kitchen counter tops, new bath cabinets, new paint throughout. Large living area with vaulted ceilings and a fireplace. Large bedrooms and ample closet space throughout. 2 car garage with private entrance. Washer/dryer hook-ups. Seller is a licensed real estate broker. MLS#:86798983Call 409-771-1526 for more information...
Read Post [Posted on 10/05/2014 By Elyse Mayer]
As the number of foreclosed homes dries up in some markets, some investors are looking elsewhere for properties to turn into rentals. With the rental market still strong, some investors are either buying finished single-family homes that they can use as rentals or even developing vacant lots to turn into rentals from the ground up, The Wall Street Journal reports.  Last year, 5.8 percent of ...
Read Post [Posted on 10/05/2014 By John Askins]
The real estate market has turned some very popular retirement destinations into bargains.To determine where the prices are most attractive, U.S. News & World Report examined price-to-income data for 384 metropolitan statistical areas. This expresses the relationship between owner income and home values. Here are 10 retirement havens where homes are most affordable by this measure:Be...
Read Post [Posted on 10/02/2014 By John Askins]
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