Real Estate News

Here are some real estate news stories we thought were relevant to our clients. These articles were not written by RREA agents, brokers, or employees.

  • Fewer New-Builds for North Texas in 2009

    DALLAS (Dallas Morning News) – North Texas home builders posted more conservative home start numbers in 2009 than in previous years, but some still fared well.  Overall, builders started about 13,500 homes in the area last year, a more than 70 percent decrease from the market’s peak in 2006.  The 20 largest builders built 17 percent fewer homes in 2009 […]

  • Construction Outlook Negative

    HOUSTON (Houston Chronicle) – The Architecture Building Index remained negative in December as developers continued to struggle to attain financing.  The national index, an economic indicator of construction activity, rose slightly from 42.8 in November to 43.4 in December.  The index reflects the approximate nine- to 12-month time between architecture billings and construction spending.  Any score above 50 signifies an […]

  • More People Prep for Homeownership

    MIAMI (Associated Press) – More people were preparing to buy a home in December than in November, according to the National Association of Realtors’ seasonally adjusted index of sales agreements.  Agreements rose 1 percent between November and December to a reading of 96.6, a bit lower than the 97.1 level analysts expected.  The index has risen nine out of the last ten […]

  • FHA Flips Anti-Flipping Rule

    WASHINGTON, D.C. (Realtor.org) – The Federal Housing Administration (FHA) yesterday relaxed what is known as the “anti-flipping rule.”  FHA now provides mortgage insurance for some purchases in which the seller bought the property and held it for fewer than 90 days.  The change was made to speed up sales of renovated homes in communities with too many bank-owned and foreclosed homes, said […]

  • A Must Read for Land Owners!

    Shock Treatment: Negotiating Transmission-Line Easements Release No.9-0110 (COLLEGE STATION, Tex.) — Wind can generate electricity, but the electricity cannot go anywhere without power lines. One of the state’s experts on negotiating easements has some advice for landowners facing condemnation for transmission lines. “Very little information exists for landowners on how to negotiate transmission-line easements in lieu of condemnation because such […]

  • DFW Construction’s Ups, Downs

    DALLAS (Dallas Business Journal) – Residential construction is up in North Texas while commercial construction is down, according to the latest report from McGraw-Hill Construction.  The report, which covers future construction projects filed in the greater Dallas–Fort Worth–Arlington area, shows that the number of future construction contracts filed on home building projects was up 38 percent last month, reaching $290.5 million. […]

  • DALLAS HOME VALUES INCREASE

      DALLAS (Dallas Morning News) – Area home prices were positive in November for the first time since September 2007, according to Standard & Poor’s Case-Shiller Home Price Index, released today.  Dallas area residential values increased 1.4 percent in November from one year earlier, which was the best performance of the 20 cities tracked in the monthly survey.  However, Dallas home […]

  • 1,000 Texas Tax Credit Claims Flagged for Possible Fraud

    DALLAS (Dallas Morning News) – Nearly 1,000 first-time homebuyer tax credit filings in Texas have been flagged for possible ill-use of a taxpayer identification number primarily used by illegal immigrants, who are not entitled to the credit.  This number represents nearly one-third of the 3,200 suspicious homebuyer tax credit claims submitted by noncitizens around the country, the total of which […]

  • The Woodlands Mourns The Passing of Cynthia Woods Mitchell

    Cynthia Woods Mitchell, the driving force behind many artistic and humanitarian causes in The Woodlands and Galveston, died at her home on December 27 at the age of 87. She was married for more than six decades to George P. Mitchell, founder of The Woodlands and Mitchell Energy & Development Corp., forerunner of The Woodlands Development Company. “She was a […]

  • Builder Confidence Down

    LAS VEGAS (National Association of Home Builders) – Builder confidence in the new single-family home market dropped one point to 15 this month, according to the latest housing market index from the National Association of Home Builders (NAHB) and Wells Fargo.  Experts attributed the decrease to the poor job market and increasing number of home foreclosures.  “At this point, home builders […]