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 ...

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) – 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 loss of 2.6 percent. Over the same period, the U.S. economy lost more than four million jobs or ...

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 (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 and was off 7.8 percent from a year ago. However, the market has improved 22 percent from ...

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 ...