Chris Thorpe Real Estate

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 ...

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 ...

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, ...

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 ...

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 has been slow for the past year or more as the credit markets have priced those mortgages ...

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, will provide a total of $8.7 billion to borrowers, $8.4 billion of which will be through ...