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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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Foreclosures & Investments

The most recently published posts in the Foreclosures & Investments category
U. S. economic data out this week was mixed, with GDP, the housing market and inflation showing some slippage, while consumer confidence and durable goods orders rose. Consumer confidence at a 7-year high After a modest increase to 93.1 in December, the Conference Board's Consumer Confidence Index surged to 102.9 in January. A greater number of U.S. consumers surveyed expected business c...
Read Post [Posted on 03/01/2015 By John Askins]
As home prices rise, lenders are showing less willingness to grant short sales, RealtyTrac reports.  The number of short sales has been gradually dropping the last few months. “After a surge in short sales in late 2011 and early 2012, the favored disposition method for distressed properties is shifting back toward the more traditional foreclosure auction sales and bank-owned sal...
Read Post [Posted on 02/27/2015 By John Askins]
Home buyers showed the money in 2014. The share of buyers using low down payment loans plunged to an 11-year low last year, according to a new analysis of nearly 20 million purchase loans for single-family homes and condos nationwide. In 2014, 25 percent of home buyers using conventional or Federal Housing Administration loans put less than 3 percent down when purchasing a home – that&rsq...
Read Post [Posted on 02/26/2015 By John Askins]
The Consumer Financial Protection Bureau is developing new forms simplifying the paperwork that borrowers receive when applying for loans will go into effect in August, 2015. The forms are to make it easier for consumers to shop for a mortgage as well as clearly lay out the terms and costs of loans for home buyers so they know the risks and their financial obligations to repay the loan at the fore...
Read Post [Posted on 02/24/2015 By John Askins]
The U.S. economy continues to expand at a steady pace, according to minutes from the Federal Open Market Committee (FOMC) meeting in late-January. Inflation, which is currently below the Fed's 2% goal, remains a concern, as does the rocky global economy. Fed officials continue to monitor economic developments closely in anticipation of an interest rate increase. Minutes from the FOMC m...
Read Post [Posted on 02/22/2015 By John Askins]
The home ownership rate among college graduates is less than non-grads, according to the New York Federal Reserve.  College graduates are facing increasing obstacles to home ownership, mostly due to high debt levels and weak job prospects. The delay in Millennials entering into home ownership could be a drag on the housing industry for years to come, CNNMoney reports.  The average ...
Read Post [Posted on 02/22/2015 By John Askins]
I know at times life throws you a curve ball and either we hit it or not. Like my mom states, "Roll with the punch or get knocked out". Your home is one of your biggest investments you will ever make. If you have experienced a transition in your life that has now resulted in a change in income and now has caused your mortgage to fall behind, take a deep breath. Let's explore you...
Read Post [Posted on 02/20/2015 By LaWanda Lendsey]
Thieves are continuing to prey on foreclosed and bank-owned properties, removing copper, appliances, and other fixtures, and leaving behind a mess for those who have to sell it. Foreclosures often become prime targets since they are vacant. The Memphis Area Association of REALTORS® recently warned its members of scams involving thieves who remove “For Sale” signs from yards and ...
Read Post [Posted on 02/16/2015 By John Askins]
About 20 percent of all properties with a mortgage – or 11.3 million -- are now considered “equity rich,” with home owners who have at least 50 percent positive equity in their properties. The number has been steadily climbing, up from 9.1 million a year ago, according to RealtyTrac’s U.S. Home Equity & Underwater Report for the fourth quarter of 2014. “Median ...
Read Post [Posted on 02/10/2015 By John Askins]
Demand for office space is expected to remain at post-recession highs for the next two years, according to the CoStar Portfolio Strategy analysts. Vacancies continue to fall, mixed with rising rents, in a growing number of markets. "2014 was a great year for the office market," Walter Page, director of office research, said during CoStar's State of The U.S. Office Market 2014 Revi...
Read Post [Posted on 02/08/2015 By John Askins]
After years of sluggish growth, home remodeling is strong and more home owners are tackling long-delayed house projects to spruce up their homes. The growth in remodeling is coming at a time when more home owners are once again seeing equity in their homes as the overall housing market picks up. “Home improvements can further boost home values and help sustain both the housing recove...
Read Post [Posted on 02/08/2015 By John Askins]
More home owners who lost their homes to foreclosure may be eligible to recoup thousands of dollars in cash due to rising home prices. Many foreclosures are selling for more because of the general uptick in home prices, and some are even fetching more than what the original borrowers owed on their mortgages. Typically in a foreclosure sale, the amount owed to the lender gets paid from the proce...
Read Post [Posted on 02/05/2015 By John Askins]
All-cash offers accounted for around 33 percent of home sales, with the majority of those all-cash offers are coming from investors and international home buyers.  All-cash offers can represent stiff competition for traditional buyers. For example, first-time home buyers, who are already facing low inventories and rising home prices, view all-cash offers as one of their biggest competition...
Read Post [Posted on 02/05/2015 By John Askins]
Boomerang – are Buyers Ready, Willing, and Able?   Jan 27 2015, 9:26AM Are you ready for The Boomerang Buyer?  That is the latest wrinkle in the seemingly endless foreclosure saga and there are apparently a lot of them who are now potentially able to affect the trajectory of housing. Boomerang buyers are former homeowners who lost their homes over the last few years, ei...
Read Post [Posted on 02/02/2015 By Tonya Haugen]
Many U.S. cities are still playing catch up to their pre-recession levels, according to a new MetroMonitor report released by the Brookings Institution, which ranks the economic health of 300 cities globally based on employment and gross domestic product per capita. Indeed, the report shows that 60 percent of U.S. cities still lag their pre-recession levels. Notably, cities focused on technolog...
Read Post [Posted on 02/02/2015 By John Askins]
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