David Weekley Homes is the third largest private home builder in the United States. They have communities in seven states and 18 cities with new homes starting in the low $100s. In Houston, David Weekley Homes just launched their Green Home Program that will help reduce the homes energy usage by as much as 50%.
A study from the University of Texas in Austin has revealed that house foreclosures, be they Citibank foreclosure homes or any other type, are symptoms and not direct causes of crimes.
Third quarter data for commercial and home foreclosures in Collin County and other areas of Texas, including Freddie Mac Foreclosures, presented a mix of positive and negative news.
Rules for vacant properties in El Paso, which could include residential properties, commercial buildings and manufactured homes, are set to undergo a change with the latest ordinance.
Despite the relatively high number of El Paso bank owned homes for sale, the city still achieved a ranking among the top metro areas in the U.S. considered as immune to the recession as revealed in the MetroMonitor report.
Austin foreclosures increased significantly from a year ago, but remained steady in terms of monthly data. June 2010 showed an almost 100% increase from June 2009, but only 6% from May 2010.
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Several homeowners have sued the appraisal district of Fort Bend County, arguing that foreclosed triplex homes for sale and other foreclosures should be part of home tax assessment.
Although Texas has its share of foreclosures and REO homes for sale, some of its cities are considered great places for real estate investors even with the housing market still in a downturn.
Austin recorded increased number of foreclosed property auctions for sale in August 2010. The increase came after foreclosure rates declined by over 20% in July compared with a year ago.
The entry of cheap foreclosure homes into the housing market of Houston will likely see some lull following several local mortgage service firms' decision to put foreclosures on hold.
Tax lien investments and foreclosure buying might pick up in Texas as further home price declines are predicted. Fort Worth prices are expected to drop in 2011.
Companies have become more conscious about the price of real estate and most are expected to relocate to cities where they can rent or purchase distressed properties at the cheapest rates.
The wave of foreclosed homes for sale in San Antonio is getting some competition from commercial properties in terms of rising numbers. A big number of commercial real estate in the area will be up for auction in May 2010.
Repossessed homes and non-foreclosed housing unit sales declined last year in most Texas areas. However, prices of houses increased slightly in 2010 from 2009.
New residential construction surges as the number of San Antonio bank owned homes drops. Among home builders pursuing home construction projects in San Antonio are TriStone Homes, LGI Homes and Centex.
The period following the tax credit deadline has created opposing trends in the Houston housing market, with home sales and prices both rising and the number of Houston repossessed homes and interest rates also rising. Most real estate analysts are still not sure which way the residential real estate market will go.
An analysis of the factors behind the housing crisis, including expanding government foreclosure listings, showed that the financial market downturn is not the only reason for the foreclosure problem and that a financial market recovery will not solve the housing crisis.
Bank owned homes and foreclosures might soon decline in Texas as delinquency numbers drop. The state posted a delinquency rate decline in the fourth quarter.
The first quarter of 2010 saw increases in the price and sales volume of Houston bank owned homes and other types of residential properties all around the state. The increases were largely attributed by market analysts to a significant boost during the month of March.
Recent foreclosure data showed that some Richardson distressed properties filings were not due to delinquent loans but were brought about by homeowners owing money to home equity lenders and homeowners' associations. The trend is happening in most areas of Texas, particularly in the northern area of the state.
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