Tuesday, June 14, 2011
Monday, June 13, 2011
Picking the Right Production Builder
Residential construction in Houston's outer sphere is dominated by themed master planned communities with pretty lakes, family amenities and green spaces promising a picture perfect family life. That means fashionable people drinking wine around a fab kitchen while the kids play mischievously outside with the dog.
Model home "amusement parks" are becoming the norm, where homes of all sizes and price ranges appear one after the other in a row. It's a one-stop-shop for home seekers. But synthesizing the information and differentiating between builders can be daunting and overwhelming, if not outright impossible. >> More
Model home "amusement parks" are becoming the norm, where homes of all sizes and price ranges appear one after the other in a row. It's a one-stop-shop for home seekers. But synthesizing the information and differentiating between builders can be daunting and overwhelming, if not outright impossible. >> More
Former Country Club Burns Down
The Clear Lake Country Club, which was a part of Clear Lake City history for many years, burned to the ground Thursday as Houston Fire Department fought the blaze in vain while hundreds of residents looked on. >> More
Friday, June 10, 2011
Amid ups and downs, Houston real estate market has pockets of strength
Certain houses, if priced right, can attract a slew of buyers in today’s market. “This year, we’ve had many properties with multiple offers, which was unheard of last year,” says Tim Surratt of Greenwood King Properties. “Buyers are realizing that the window is closing on the opportunity that has existed since the 2008 market adjustment.” >> More
FHA Loan Limits Set to Drop
Buyers of new residential homes may want to race to complete deals as FHA loan limits are set to drop around the nation. According to an analysis by the FHA, loan limits on government-insured mortgages are likely to decline in 669 of the 3,334 counties or county equivalents when the ceilings revert back to the levels determined under the Housing and Economic Recovery Act of 2008. Unless Congress says otherwise, the shift will take place on Oct. 1. >> More
Proposed Government Program Requiring 20% Down
With all the mortgage reform news flying around these days, it can be difficult to keep up with the latest developments. There is, however, one issue of which consumers need to be very aware – a proposal from federal regulators mandating that private lenders require a 20 percent down payment on mortgages for all but the most credit worthy borrowers. >> More
Thursday, June 9, 2011
Housing Shortage Is Likely Coming - RealtorMag
Within the next decade, 16 million new housing units will be needed to meet population growth and shifting demands, according to Harvard Univerity's Joint Center for Housing Studies in the latest annual State of the Nations Housing Report. That means that housing growth which has dropped drastically in recent years, will need to greatly reverse it's trend to meet the forecasted spike in demand. >> More
Zillow Unveils Mortgage Marketplace App - DSNews
Zillow, a Seattle-based mobile and online real estate information company, launched its Zillow Mortgage Marketplace iPhone app Tuesday for a mobile loan shopping experience. The app combines personalized loan quotes with calculators and tools to help borrowers ascertain home affordability, monthly payment amounts, and whether refinancing makes financial sense. >>More
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