June Sales Data Continues The Trend

The average price of a single-family home in the Houston market has now reached a new high of $228, 448 according to the sales stats for the month of June 2008 from the Houston Assn of Realtors(HAR).  However and once again, we had a month of declining sales.  Sales of single-family homes was down 15% vs. [...]

Filed under: Buying, Home Sales, Selling by Dwight's Real Estate Update
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What’s Up with Fannie and Freddie

The sub-prime loan situation which has had a negative effect on banks, mortgage companies and other lending institutions has also put a financial strain on two of the nations largest suppliers of mortgage funds.  I am speaking specifically about the Federal National Mortgage Association (FNMA), better known as Fannie Mae; and the Federal Home Loan Mortgage Corporation [...]

Filed under: Investing, Mortgage and Lending by Dwight's Real Estate Update
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Texas Picked as No. 1 State for Business

CNBC chooses the top ranked states for Business in 2008 and Texas comes out on top. For more information about this year’s choice and details about the state’s economy, etc, go to the link below and see the video with all the details.
http://www.cnbc.com/id/15840232?video=789947678

Filed under: Investing, Relocation by Dwight's Real Estate Update
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