2010 May | Houston Real Estate Journal

Pending home sales report gives hope to Houston real estate market
After multiple reports showed a decrease in sales following the expiration of the first-time homebuyer credit, the latest figures from the National Association of Realtors says that sales may soon be on the upswing.The NAR's Pending Home Sales Index rose 5.2 percent compared to last month, surprising many analysts who had predicted a continued decline. […]
Community nonprofits to get first look at foreclosed properties
Some of the country's biggest mortgage lenders have now reached an agreement with the Department of Housing and Urban Development to give local nonprofit organizations the ability to purchase foreclosed homes before investors have an opportunity to bid on them.The nonprofits have been operating under HUD's Neighborhood Stabilization Program, which […]

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Houston Real Estate Journal