Texas Foreclosure Rate Still Far Below National AveragePosted: November 15, 2011 at 6:33 AM by Deron TuckerOne in every 988 housing units in Texas had a foreclosure filing on it in October, according to statistics from foreclosure-data aggregator RealtyTrac. Nevada continues to occupy the undesirable top spot on this list, where one in every 180 houses has a foreclosure filing. The national average for the month was one in 563.For sheer numbers of foreclosures, California exceeded all other states in October, with 55,312. By comparison, Texas logged 9,845 foreclosure notices during the m read more |
Home prices rise statewide in TexasPosted: August 05, 2011 at 8:37 AM by Deron TuckerThe Texas Association of REALTORS® provides media outlets with the Texas Quarterly Housing Report, which reflects what's going on in 47 of the state's markets.The latest report shows that real estate prices during the second quarter of 2011 indicate strength in the Texas market: The median price was $150,400, 1% higher than the same quarter of 2010. The average price in 2011-Q2 was $201,288, 4.6% higher than 2010-Q2.The increase in the average price of Texas homes indicates more activity among read more |
Pending Home Sales Rise in JunePosted: August 05, 2011 at 8:35 AM by Deron TuckerPending home sales increased in June following a wide swing down in April and then up in May, according to the National Association of Realtors®. Activity increased in the West and South but declined in the Midwest and Northeast; all regions show strong double-digit gains from a year ago.The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 2.4 percent to 90.9 in June from 88.8 in May and is 19.8 percent above the 75.9 reading in June 2010, which was the read more |
Pending Home Sales Rise Again in MarchPosted: May 03, 2011 at 7:06 AM by Deron TuckerMarch saw another increase in pending home sales, with contract activity rising unevenly in six of the past nine months, according to the National Association of Realtors®.The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 5.1 percent to 94.1 in March from a downwardly revised 89.5 in February. The index is 11.4 percent below 106.2 in March 2010; however, activity was at elevated levels in March and April of 2010 to meet the contract deadline for the home buy read more |
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