Chris Thorpe Real Estate

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, gap financing, and a zero percent mortgage for potential homebuyers interested in single-family ...

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. The median price was up 2 percent to $141,100 during the ...

HOUSTON (Houston Chronicle) – Texas ranked 29th in state foreclosure rates for 2009, with 1.06 percent of the state’s total housing units receiving at least one foreclosure filing, according to a report by RealtyTrac. That calculation includes default notices, scheduled foreclosure auctions and bank repossessions. Overall, ...

AUSTIN (Austin Business Journal) – Two major Texas metros ranked among the top ten most overpriced home markets in the country, according to a study by Forbes.com. San Antonio ranked sixth and Austin–Round Rock tenth. Additionally, Houston ranked 17th and Dallas 21st. The study used data from California-based Altos Research ...

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 signed by President Obama as of this morning, would allow couples earning up to ...

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- and middle-income borrowers to purchase or rent homes that are affordable over the long ...

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 than they have started over the last two years, causing inventory ...

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 adjustable mortgage rate dropped a notch to 5.9 percent from 6 percent; and the ...