DFW Home Prices Decline the Least of Any City on S&P Index

Despite significantly lower values compared to 2007’s peak, Dallas News considers why this year Dallas-Fort Worth has seen the lowest home price declines of any city. Using the Case-Shiller index, analysts are able to track the recent shift in home prices to higher levels, admitting that the upswing may be attributable to the first time … read more

Fannie Offers Hand to Investors

From an article by Harry Terris: “Fannie Mae is replacing a forbearance program for troubled borrowers with one that will make the breaks available to property investors and owners of second homes. In a forbearance, the government-sponsored enterprise reduces the monthly payment on a mortgage for up to six months. The current program only provides … read more

Texas Cities Dominate List of Top 10 Economies

It gave me chills to read that BusinessWeek put 5 Texas cities it it’s Top 10 Strongest Economies in America. The article citied a steady real estate market that never got “too hot or too cold”. BusinessWeek.com used research from the Brookings Institutions new MetroMonitor to rank the nations top 40 strongest economies. Texas dominated … read more

Fire Sale: Investing In Distressed Assets

A Reprint from Tierra Grande, a publication of The Real Estate Center at Texas A&M University By Mark G. Dotzour Distressed assets are investments that are in trouble. Some euphemistically call them investments “with a story.” In business lingo, a distressed deal is an investment that “has hair on it.” In a typical investment, an … read more

Austin: Best Job Market in U.S. – DFW: Most Undervalued Real Estate

Two major articles were published today further emphasizing the fact that Texas is where you want to be placing your money. The Austin-American Statesman reported that Austin Leads U.S. in Big-City Job Growth. Real estate values are heavily influenced by the job market. The Dallas Morning News reported that Dallas Homes are Among Most Undervalued … read more

Real Estate Developer Pushes Forward in Katy Despite Economy

PRESS RELEASE Thursday, May 21, 2009 New Home Construction Revived in Morton Ranch (Houston) A local consortium of developers, builders and suppliers is re-awakening new home construction in Katy’s popular Morton Ranch Section-3 this Summer with a series of houses designed to offer custom features, heightened efficiencies, and enhanced equity. Wallace Bajjali Development Partners, U-Build-It, … read more

Austin Ranked No. 2 on List of Cities Where Americans are Relocating

In the face of the recession, people are moving to places with jobs and a low cost of living. That means Texas. Big employers and low unemployment pushed Austin’s population up 3.77% in 2008 to almost 1.7 million. Read the whole article at MSN here.

Central Texas Foreclosures Up Big From Last Year

According to the Addison-based Foreclosure Listing Service Inc., which tracks foreclosures in urban counties across the state, San Antonio and Austin are seeing a 40% and 52% increase in foreclosures for the first half of 2009 as compared to 2008. Read the articles here: The Austin Business Journal: Foreclosure postings up 52% in first half … read more

DFW Foreclosures Jump 31% from Last Year

The number of Dallas-Fort Worth area homes scheduled for foreclosure next month jumped by almost a third from a year ago. But foreclosure filings inched down a bit from the record highs recorded last month. Article printed in the Dallas Morning News. Read it here.

Another Wave of Foreclosures Expected as Moratoriums Expire

From the article at DSNews.com: “Foreclosure floodgates may soon give way as the nation’s leading mortgage lenders lift their recent foreclosure suspensions and move those borrowers that are ineligible for federal programs on through the property repossession process…” Read the entire article here.