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 ...

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 ...

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, ...

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 areas: Austin is expected to climb 30 percent, Houston 17 percent, Dallas ...

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 between 2008 and 2009. About 1.25 percent of all housing units, or one in every 80 homes, ...

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 they're hoping for. The Addison-based firm analyzed post-bankruptcy cases of homeowners in ...

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 number represents nearly one-third of the 3,200 suspicious homebuyer tax credit claims ...