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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
While bank-owned homes are still available in many markets, they aren’t always easy for a buyer to get. Foreclosure sell at bargain prices — sometimes at 35 percent discounts when compared to nonforeclosures. These ultra-low prices attract investors and all-cash offers, which makes it difficult for other buyers' bids to win out.  So how can you beat the competition to ...
Read Post [Posted on 01/31/2015 By John Askins]
Banks who spend the extra cash to rehab a foreclosed or REO property stand to sell the property much faster than a non-rehabbed REO, according to a study by Field Asset Services Inc., a property preservation and REO asset management company. For the last two years, the company has analyzed the number of days on market for remodeled foreclosure or REO properties versus those that are not re...
Read Post [Posted on 01/29/2015 By John Askins]
In recent years, many leaders in the real estate industry were looking to apartments and rental properties as the new hot market.  But is it the best course? Home prices and foreclosures that weighed down the home market seemed to be the driving force behind this trend. However, Dr. Mark Dotzour, chief economist for the Real Estate Center at Texas A&M University, sa...
Read Post [Posted on 01/27/2015 By John Askins]
Housing experts warn of a new concern for home owners: resetting home equity lines of credit. Home equity lines of credit often require low payments in the initial years as home owners only pay the interest on these loans at the onset. But later on, these loans reset with higher payments when home owners have to start paying down the principal. About 44 percent of home owners with home equit...
Read Post [Posted on 01/26/2015 By John Askins]
Hawai'i home owners tend to take on the most debt in their home purchases with an average home loan amount of $677,299, according to a study by LendingTree.com, which revealed the average loan amounts on residential real estate purchases. That means the average home owner in Hawai'i would have a monthly payment of about $3,234 for a 30-year mortgage, before taxes and insurance, accordin...
Read Post [Posted on 01/24/2015 By John Askins]
Wulfe & Co. projects just over 3.7 million sf of new retail shopping center space will be built and opened in the greater Houston area this year. According to the locally based real estate firm's 22nd annual retail survey, this represents a 56 percent increase over the previous years’ 2.37 million sf. Supermarkets will dominate new retail construction, representing 43 percent...
Read Post [Posted on 01/23/2015 By John Askins]
With new mortgage rules and regulations in place, buyers may face more obstacles when applying for a mortgage. “Buying a home is likely the biggest purchase anyone will make, and community bankers are an excellent resource to help guide consumers through the process,” says John Buhrmaster, chairman of Independent Community Bankers of America and president and CEO of 1st National Ban...
Read Post [Posted on 01/23/2015 By John Askins]
Women aren’t getting the best mortgage rate when getting a loan compared to men, but it’s not because of gender discrimination. It’s because women aren’t doing enough shopping when it comes to mortgage rates, a study published in the Journal of Real Estate Finance and Economics finds.  Women tend to rely on recommendations from their friends when it comes to mo...
Read Post [Posted on 01/23/2015 By John Askins]
Many home owners are contemplating reducing their homeowners insurance coverage since their property’s value may have changed. But experts warn that’s not a good idea and could leave home owners with insufficient coverage if a disaster ever strikes. “The market value of your home and its insurance value can vary widely because they are based on different assumptions ...
Read Post [Posted on 01/20/2015 By John Askins]
Foreclosure filings fell to 1.1 million in 2014, the lowest annual total since 2006, prior to the financial crisis, according to RealtyTrac's newly released Year-End 2014 Foreclosure Market Report. Foreclosure filings, which include default notices, bank repossessions, and auctions, were down 18 percent from 2013 and 61 percent from a 2010 peak of 2.9 million. They were at 717,522 in 2006. ...
Read Post [Posted on 01/19/2015 By John Askins]
The falling cost of oil has worked its way through the economy, according to reports on consumer and producer prices and retail sales. Meanwhile, most Federal Reserve districts also have reported modest to moderate growth for December. Fed districts reported growth remained mainly "modest" to "moderate" In its monthly Beige Book, the Federal Reserve reported that economic...
Read Post [Posted on 01/19/2015 By John Askins]
The time it takes for a home owner to be foreclosed on may be directly tied to the size of the potential loss that the bank might face. Defaulting home owners who live in houses worth more than $417,000 were found, on average, to be able to stay in their homes mortgage-free without fear of foreclosure for more than a year. However, home owners in homes worth less than that are often evicted in ...
Read Post [Posted on 01/19/2015 By John Askins]
Home owners have been duped out of an average of $4,000 to $5,000 from scams, but even five-figure losses aren’t uncommon for those who have fallen prey to fake loan modifications and other housing fraud. Forbes highlighted three of the most common real estate scams today: 1. Rental scams: Scammers illegally pull online listing information from a home for sale and re-post it as a ...
Read Post [Posted on 01/17/2015 By John Askins]
If lenders don't provide proper disclosures, home owners have the right to cancel their mortgages, the U.S. Supreme Court ruled this week. The judges unanimously sided with home owners who were seeking to back out of their mortgages because the lenders, the home owners say, failed to follow a federal "truth in lending" law requiring them to provide proper disclosure documents. ...
Read Post [Posted on 01/16/2015 By John Askins]
U.S. employers added 252,000 jobs in December, the U.S. Department of Labor said. A drop of 0.2% in the labor force participation rate mostly caused the unemployment rate to fall to 5.6%. For the year, employers added approximately 3 million workers to their payrolls. In addition to the strong year-end job numbers, the federal government revised its October and November figures to show an addit...
Read Post [Posted on 01/12/2015 By John Askins]
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