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TEXAS ( PRNewswire ) – The Texas Department of Housing and Community Affairs (TDHCA) allocated Enterprise Community Partners Inc. $5.7 million in Neighborhood Stabilization Program (NSP) funding to provide down payment and closing cost assistance, Read More...
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DALLAS ( Dallas Morning News ) – Sixty percent of Dallas County homeowners will see a decrease in their home values this year, according to the Dallas Central Appraisal District. Last year, that number was 55 percent. Values will increase for 20 Read More...
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TEXAS (Real Estate Center, Reuters, CNNMoney.com) – A total of 13,064 existing single-family homes were sold in Texas last month, a 2 percent drop from February 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) – 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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WASHINGTON ( Bloomberg News , Associated Press ) – The Senate and the House have approved extending the first-time homebuyer tax credit, settling on an April 30 close date and expanding it to benefit more homebuyers. The plan, which had not been Read More...
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WASHINGTON ( Associated Press ) – Nationwide, sales of new homes fell 3.6 percent to a seasonally adjusted annual rate of 402,000 from August to September, according to the Commerce Department. Last month’s decline was the first since March Read More...
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WASHINGTON (U.S. Department of Housing and Urban Development) – The Obama Administration yesterday announced a new initiative for state and local housing finance agencies (HFAs). It will help support low mortgage rates and expand resources for low- Read More...
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DALLAS ( Dallas Morning News ) – Even with new home sales in North Texas continuing to slow, cutbacks in new home construction over the past couple of years could result in a new-home shortage come 2010. Builders have sold almost 13,000 more houses Read More...
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Freddie Mac reports a drop in the 30-year fixed mortgage rate to 5.94 percent during the week ended Oct. 9, marking the first decrease in three weeks. The 15-year fixed rate slipped to 5.63 percent from 5.78 percent the previous week. Meanwhile, the five-year Read More...
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DALLAS ( Dallas Morning News ) – High-end home sales have taken a hit from the stumbling mortgage market, with million-dollar-plus home purchases falling about 12 percent in the Dallas–Fort Worth area through August. "The high-end market Read More...
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NEW YORK ( New York Times ) – Countrywide Financial, in an effort to resolve lawsuits against it, has launched the largest program ever to help struggling homeowners in Texas and ten other states. The lender, recently acquired by Bank of America, Read More...
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