Texas is Looking Good for Continued Growth

The overall news is still good.  Economic growth in Texas is estimated to continue.  On the most recent update, the future of Texas is steady growth for another 30 years.  This past July, the state’s population reached 23,904,380.  This population growth gives Texas three of the largest cities in the nation.  Out of the top [...]

Filed under: Uncategorized by Dwight's Real Estate Update
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HAR Reports on March Sales

The Houston Association of Realtors reports that total property sales declined for the 7th month in a row in March.   Sales of all property types for March 2008 totaled 6,098, which represents a 17.3 perceent drop compared to March of 2007.  However, the average price of a single-family home increased by 2% to $208,105.  The [...]

Filed under: Home Sales by Dwight's Real Estate Update
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Zero Down Loans Phasing Out

Easy financing to buy a home is not so easy anymore.  Up until just a few months ago, lenders were willing to finance up to 100% of the purchase price.  In many cases you could finance up to 103% of the purchase price.   That means you could fiance all of the purchase price plus another [...]

Filed under: Mortgage and Lending by Dwight's Real Estate Update
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