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February 2010 - Posts
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TEXAS (Real Estate Center, Reuters, CNNMoney.com) – A total of 10,217 existing single-family homes were sold in Texas last month, a 5 percent drop from January 2009, according to MLS data compiled by the Real Estate Center at Texas A&M University. Read More...
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DALLAS ( Dallas Business Journal ) – By the end of 2009, 10.3 percent of Texas home loans were delinquent — up 0.5 percent from the third quarter — but the number of loans 30-60 days delinquent fell 11 basis points to 4.43 percent, according Read More...
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WASHINGTON ( Associated Press ) – After one year of activity, the government’s mortgage relief plan has helped about 12 percent of borrowers who signed up for the program. According to the Treasury Department, about 116,000 homeowners had Read More...
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COLLEGE STATION (Real Estate Center) – Texas is experiencing its highest residential foreclosure rate since the late '80s. All residential foreclosures are governed by strict statutory rules, and Real Estate Center attorney Judon Fambrough says Read More...
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DALLAS ( Dallas Morning News ) – After a 4 percent year-over-year fall in February foreclosure postings, March postings increased 30 percent from the same month last year, according to Addison-based Foreclosure Listing Service. The 5,548 postings Read More...
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NEW YORK (McGraw-Hill) – The value of Texas construction starts will advance 16 percent to $52.5 billion this year, according to the 2010 Texas Construction Outlook from McGraw-Hill Construction. Growth is expected for each of Texas' major metropolitan Read More...
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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 Read More...
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AUSTIN ( Austin Business Journal ) – RealtyTrac’s annual foreclosure report, released yesterday, revealed Texas metro rates to be under the national average of 2.21 percent. Austin and Round Rock area foreclosure rates increased 39.5 percent Read More...
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CARROLLTON (ALNsystems.com) – The number of apartments rented statewide dropped 2.4 percent between December 2008 and December 2009, according to the latest figures from ALN. Meanwhile, rents fell by an average of 2.5 percent. Here's how select Read More...
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CEDAR PARK ( Austin Business Journal ) – Schlitterbahn Waterparks plans to build a $360 million resort development and convention center in this city north of Austin. The city will provide $6 million for the 95-acre project’s infrastructure Read More...
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COLLEGE STATION (Real Estate Center) – The nation’s labor market hit bottom in August 2009, but the Texas labor market has not yet hit that mark. The Texas economy lost 277,400 nonfarm jobs from December 2008 to December 2009, an annual job Read More...
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FORT WORTH ( Fort Worth Star-Telegram ) – A growing number of Texas homeowners are filing for bankruptcy to avoid losing their homes, according to a recent study by Foreclosure Listing Service. Unfortunately, bankruptcy may not offer the protection Read More...
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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 Read More...
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DALLAS ( Dallas Morning News ) – Still-rising mortgage delinquencies and a stock of bank-owned homes have not finished leaving their impact on the housing industry, warn economists at this week’s National Association of Home Builders’ Read More...
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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 Read More...
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