Houston’s office market show signs of stabilization, the latest report shows. Most of the transactions were registered in the category of Class A buildings, with an overall negative absorption of only 35,531 square-feet in the third quarter. These numbers were revealed these days and they were compiled by Commercial Gateway the commercial division of the [...]
There are only seven states with a residential foreclosure below 1.85% for the third quarter and Texas was one of them. According to Texas Mortgage Bankers Association the foreclosure rate on residential mortgages in the state fell to 1.82% for Q3 which is down 0.13% from the third quarter a year prior. Regarding the national [...]
The Houston real estate market is giving strong signs of recovery. According to the latest reports home sales are down, but prices are continuously stable for the forth consecutive month. Despite the 120 days of down sales the market enjoyed another boost in the average price and a nudge in the median price for single-family [...]
When your daughter and your in-law hit financial rough spots I am sure you will do anything to help them. This is what Juventino Mireles has done, but it put him $7,500 behind on his own mortgage payments, so in the end his home was posted for foreclosure. Suddenly – when everything seemed so dark [...]
A woman thought her dream came true after buying her home at an auction months ago. But now she’s being evicted – caught in a foreclosure mess that could leave her homeless. According to the Homeowners’ association they sold the home at auction when it wasn’t theirs to sell. The association president claims they had [...]
While there was a time, when it looked like Houston’s economy was recovering the momentum seems to stall and many companies raised questions concerning uncertainties over government regulations, taxes and even political direction. However, the Houston housing sector escaped the dramatic plunge in value that affected so many cities, but still, the question is what [...]
The case of Jose and Maria Perez is good example to see how mortgage holders and lenders cut corners and fill foreclosure documents. The couple bought a home outside Seguin three years ago and in 2009 they decided to take advantage of lower interest rates and refinance their mortgage. They paid off the original loan [...]
According to the latest market study reports revealed these days for 2010, 80 percent of Houston foreclosures and other foreclosures in the state of Texas are valued at $200,000 or less. The study was conducted by the housing tracking firm, Foreclosure Listing Service Inc. and it shows that most of the residents who suffer from [...]
Throughout the foreclosure crisis Houston acted better than most cities when it comes to people losing their homes. But the new numbers show the situation may be changing in a bad way. The new survey made public its result these days and they don’t show a very positive picture of the Houston housing market. The [...]
