While making presentations across Texas, Real Estate Center researchers frequently are aware of high-networth investors in the audience. These people may live in New York City, Miami or San Diego, but they invest in Texas real estate. Why do investors find Texas so attractive? Let’s count the Nine reasons to Invest in Texas: [...] Read more »
How Many Foreclosures Does the Government Own? A Lot, and Counting With the foreclosure machine starting to pick back up, many have wondered exactly how many government foreclosures are out there – distressed properties that have been lost by their former owners and are now owned by Fannie Mae, Freddie Mac, or a host of [...] Read more »
REO homes – or real estate owned homes – are properties that are owned outright by the bank after the original homeowner defaulted on the mortgage payments. These homes were repossessed by the bank and were placed up for sale at a foreclosure auction, but for some reason did not sell. Now, the bank is [...] Read more »
In what shouldn’t surprise anyone who has been following the housing market lately, mortgage delinquencies and foreclosure rates have both risen substantially this year, especially when compared to levels seen a year ago. Fitch, the global rating agency, stated yesterday that the national foreclosure rate for mortgage loans that have defaulted has virtually doubled from [...] Read more »
Taking a look ahead to what any market will do in the upcoming year is always tricky – especially in today’s economy. Doing so for the real estate market is less problematic than forecasting for the stock market because it is less volatile (and has been going in only one direction – down – for [...] Read more »
