11/10/2009 2:28:00 PM
CONGRESS APPROVES, EXPANDS TAX CREDIT
WASHINGTON ( Bloomberg News , Associated Press ) – The Senate and the House have approved extending the first-time homebuyer tax credit, settling on an April 30 close date and expanding it to benefit more homebuyers. The plan, which had not been signed ...
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11/10/2009 2:24:00 PM
NEW HOME SALES FALL, PRICES RISE
WASHINGTON ( Associated Press ) – Nationwide, sales of new homes fell 3.6 percent to a seasonally adjusted annual rate of 402,000 from August to September, according to the Commerce Department. Last month’s decline was the first since March and ...
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10/29/2009 5:27:00 PM
NEW INITIATIVE SEEKS STABLE HOUSING MARKET
WASHINGTON (U.S. Department of Housing and Urban Development) – The Obama Administration yesterday announced a new initiative for state and local housing finance agencies (HFAs). It will help support low mortgage rates and expand resources for low- and ...
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10/29/2009 5:25:00 PM
TEXAS FORECLOSURES UP 17 PERCENT
HOUSTON (Houston Business Journal) – Texas foreclosures rose 17 percent between August and September, with 13,216 default notices, scheduled auctions and bank repossessions filed last month. Year over year, foreclosures were up 43.7 percent in September, ...
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10/29/2009 5:21:00 PM
WHEN WILL RECESSION END?
COLLEGE STATION (Real Estate Center) – Three things have to happen before the current recession can be declared ended. One is underway, said Dr. Mark Dotzour, chief economist for the Real Estate Center at Texas A&M University. "I think the economy ...
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10/13/2009 10:55:00 AM
NORTH TEXAS HOUSING SHORTAGE IN 2010?
DALLAS ( Dallas Morning News ) – Even with new home sales in North Texas continuing to slow, cutbacks in new home construction over the past couple of years could result in a new-home shortage come 2010. Builders have sold almost 13,000 more houses than ...
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10/13/2009 10:54:00 AM
DFW APARTMENT DEMAND UP; OCCUPANCY, RENTS DOWN
DALLAS ( Dallas Morning News ) – North Texas apartment occupancy fell in the third quarter, as did its average rent when compared with October 2008 figures, according to Carrollton-based MPF Research Inc. The apartment analyst firm reported a 4.1 percent ...
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10/13/2009 10:52:00 AM
BLACKSTONE ADOPTS SHAMU
SAN ANTONIO ( Associated Press ) – Anheuser–Busch InBev has sold SeaWorld San Antonio — along with the nine other theme parks under Busch Entertainment Corp. — to private equity firm Blackstone Group for $2.3 billion in cash. Busch ...
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10/8/2009 1:25:00 PM
STUDY NOTES BENEFITS OF NET-ZERO HOMES
DALLAS ( Associated Press ) – An Environment Texas Research and Policy Center study released last week found that if 10 percent more “net-zero” houses were built each year for the next decade, and all new homes were built that way by 2020, ...
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10/8/2009 1:24:00 PM
CONSTRUCTION FINDS ARTS DISTRICT
DALLAS ( Dallas Morning News ) – The Arts Apartments by Jefferson is currently under construction in the Arts District. The six-story apartment building at Ross Ave. and Routh St. is next door to the One Arts Plaza tower and across from the AT&T ...
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