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.

  • 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 […]

  • Experts Predict Apartment Shortage

    LAS VEGAS (National Association of Home Builders) – The slowdown in multifamily housing construction is likely to create an apartment shortage in the near future, industry experts with the National Association of Home Builders (NAHB) said Tuesday.  New multifamily construction has been crippled by the credit crisis, leaving the industry unable to gear up for the increased need for market-rate […]

  • Market Street Announces Six New Hot Spots for 2010

    Market Street – The Woodlands has added  six new retailers including as Charming Charlie, LMD Boutique, All about Feet, Langford Market, Stadia Sports Grill & Bar and 1252 Tapas Bar, which join the center’s eclectic offering of dining options and men’s, women’s and children’s fashions. Founded in Houston, Texas in 2004, Charming Charlie is a unique fashion accessories house that […]

  • What Do Homebuyers Want in 2010? Builders Hope They Know!

    LAS VEGAS (Real Estate Center) – Smaller homes, lower prices. That’s the outlook for new home builders this year. In fact, 95 percent of those polled by the National Association of Home Builders (NAHB) say they will do one or the other, maybe both. Rose Quint, assistant vice president for NAHB’s Survey Research Economics and Housing Policy Group, told the media […]

  • Foreclosure Rate Slowing Nationwide

    The foreclosure data tracking company Realty Trac reports the national foreclosure rate declined 8% in November compared to October, but is 18% higher than in November 2008. According to the report, 1 in every 417 homes in the US received a foreclosure filing in November.  It was the 4th consecutive month of declines.  Hard-hit Nevada, Florida, and California continued to […]

  • Study Reveals What Older Homeowners Prefer

    LAS VEGAS (National Association of Home Builders) – A recent study by the National Association of Home Builders (NAHB) and the Metlife Mature Market Institute revealed what consumers age 55 and older are looking for in a home.  The data, which was presented this week at the International Builders’ Show, uncovered a strong similarity in housing preferences between consumers in […]

  • Harris County Tax Office is Hosting Town Hall Meetings

    The Harris County Tax Office will host a series of town hall meetings to help residents get the services they need more easily. “Most of the adult residents of Harris County deal with my office every year,” said Leo Vasquez, the Tax Assessor-Collector and Voter Registrar. “We collect property taxes, handle vehicle registrations and license plates and register voters. “We […]

  • State Land Prices, Sales Fall

    SAN ANTONIO (San Antonio Express-News) – Land prices fell 5 percent statewide last year for the first time since the early 1990s, according to data from the Real Estate Center at Texas A&M University.  The decline marked the end of an appreciation run that peeked in 2008, when the median price per acre was $2,359, 330 percent more than the […]

  • National 30 YR Fixed Mortgage Rate Remains Below 5% FOR 2nd Straight Week

    National Rate Falls Considerably Monday to 4.86%, According to Zillow® Mortgage Rate Monitor SEATTLE, Jan. 19 /PRNewswire/ — The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased five basis points last week to 4.94 percent, down from 4.99 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real […]

  • Austin Housing Market Braces for Recovery

    AUSTIN (Home Builders Association of Greater Austin) – The Austin area’s new home market could be headed toward a recovery, experts said Wednesday at the 2010 Economic Housing Forecast. “The resiliency of the job market and relatively stable home prices will translate to a more positive consumer confidence level locally,” said Eldon Rude, Austin director of Metrostudy, which tracks the new home market […]