Chris Thorpe Real Estate

NEW YORK CITY (New York Times) – New single-family homes sold at a seasonally adjusted annual rate of 300,000 in May, down 32.7 percent from the April rate of 446,000, according to the latest government figures. The May sales rate is 18.3 percent below that of May 2009 when the rate was 367,000. These numbers surpassed the 23.8 ...

SAN FRANCISCO (RealtyTrac) – The four major Texas metros had increases in residential foreclosures in the first quarter of this year, according to RealtyTrac statistics released yesterday. Austin–Round Rock fared best, although foreclosure filings increased to 2,908 properties and 0.44 percent of the area’s total housing ...

FORT WORTH (Fort Worth Star-Telegram) – For the second year in a row, Texas cities took half of the top ten spots in Newgeography.com's annual ranking of the best cities in the nation in which to find a job. Austin–Round Rock–San Marcos ranked first, San Antonio–New Braunfels second, Houston–Sugar ...

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 percent of homeowners, and the remaining 20 percent will see no change. While this will mean ...

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 ...

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. The median price was up 4 percent to $137,100 during the ...

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 to the Mortgage Bankers Association. A loan is considered delinquent if one or more ...

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 completed the application process as of last month and are making permanently reduced loan ...

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 homeowners in jeopardy should know these rules to protect their rights. "For example, ...

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 for forced sale in March are also 18 percent above the number of homes in this month’s ...