Category Archives: Real Estate

“Problems are the price of progress.”–Charles F. Kettering, American inventor

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Better News

After weeks of coming in higher than expected, initial jobless claims settled back to more recovery like levels last week, and payroll processor ADP reported a net gain of 157,000 jobs in the private sector, the only place job growth really … Continue reading

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Changes Won’t Put Crimp in FHA’s Task?

Lowering the Federal Housing Administration’s current loan limits will not prevent the agency from helping to provide home financing to first-time and low- to moderate-income borrowers, according to a study just released by George Washington University. The report finds that … Continue reading

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OBAMA NOW SAYS YOU MAY NOT HAVE TO PAY YOUR MORTGAGE FOR A FULL YEAR

The Obama administration is making it easier for out-of-work homeowners to stay in their homes, as it tries to revamp its troubled foreclosure-prevention program. Starting Aug. 1, the Federal Housing Administration will extend the period for unemployed homeowners to miss … Continue reading

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New-home sales down 26 percent in DFW

New-home sales in Dallas-Fort Worth continue to decline, according to the latest quarterly market report from Metrostudy, released Wednesday. Builders closed sales on 3,505 new homes from April to June, 26 percent less than the second quarter of 2010, when … Continue reading

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Permits for housing construction climbed

(CNNMoney) — Permits for housing construction climbed in May, signaling a glimmer of optimism among homebuilders about the future of the housing market. The number of permits for future housing construction jumped to a seasonally adjusted annual rate of 612,000 … Continue reading

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Homebuilder Confidence in U.S. Slides to Nine-Month Low on Sales Outlook

Confidence among U.S. homebuilders slumped in June to the lowest level in nine months as executives turned more pessimistic on the outlook for sales, a sign that any pickup will take time to develop. The National Association of Home Builders/Wells … Continue reading

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Behind the rocky housing figures

RALEIGH — Trying to predict the future of the Triangle’s housing market has been tough the past few years. Economic uncertainty and conflicting news coverage regarding new home sales can drive anyone to throw their arms up in disbelief. Housing … Continue reading

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From Bad to Badder

If you’ve been following the news over the past 24 hours, you’ll get this new take on the old saw: Beware Greeks bearing bricks. Here’s another old saw: There but for the grace of God goes us. If you’ve seen … Continue reading

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New FHA loan limits

Try and wrap our arms around what the upcoming new GSE and FHA loan limits mean for home building. Earlier this week, we tackled the fallout of the GSE loan limit resets, identifying the 10 counties where new-home building would be most … Continue reading

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