Want to stay up-to-date on REO developments in your state, county, and city? Explore the data offered by these sites. These easy to search databases will provide you with insight on real estate trends. By analyzing the scope and magnitude of foreclosure trends you will be able to make informed buying decisions OCC Mortgage Metrics Report www.occ.treas.gov/publications LPS Mortgage Monitor www.lpsvcs.com Local area Unemployment Statistics (LAUS) www.Bls.gov/lau Housing Price … [Read more...]
HOA changes passed by the Texas Legislature
An estimated 4.8 million Texans live in neighborhoods with homeowners associations (HOAs). That means that nearly 20% of all Texans' property rights may be affected by rules set by entities that have been largely unregulated ... until now.Last session, the Texas Legislature passed several bills designed to better balance the interests of property owners and HOAs. These laws change how homeowners associations are governed, what HORs can and cannot do regarding penalties and foreclosures, and provide more rights to … [Read more...]
Best schools in Greater Houston 2012
Children at Risk ranked 1,196 public elementary, middle, and high schools in the Greater Houston area. The rankings were based on TAKS scores, attendance, SAT scores and other factors. HISD swept the top three positions for elementary, middle and high schools. Among the largest districts in the area, Katy, Clear Creek and Pearland ISDs performed the best, with at least 78 percent of their campuses ranked in the top half. Bob Sanborn, the president of Children at Risk, said "To get the best out of public … [Read more...]
FHA 203K loan is perfect for foreclosures
The FHA 203k loan was written in 1978 with the revision of the National Housing Act (NHA). In the first 30 years of the program only 1,700 FHA 203(k) loans were written in the US. The loan was rewritten to become a direct process endorsement making the lender responsible for all steps in the process. FHA 203(k) grew rapidly between 1996 and 1997 but started declining because of the abundance of new housing with easy financing available. The FHA 203 (k) loan had all but disappeared when HUD in 2005 introduced … [Read more...]
Things to consider when buying Investment property
1. LOCATION. The location will determine the tenants who will occupy your property. More desirable properties will appreciate faster than those with undesirable locations. The average time the property is on the market vacant will be less. 2. PROPERTY CONDITION. If the property has major structural problems such as a cracked foundation, major rook leak, and sheet rock damage everywhere let us find you a property in better condition. These homes are money pits and will continually need expensive repairs … [Read more...]
Buying Rental Property
Houston continues to provide a great return on investment for investors who own rental property. Only 53% of Houstonians own their home. New homes sales are expected to reach over 20,000 homes in 2012. That number is far below sales in 2006 when builders built 49,543 homes. The current median price of a home is down 25.8% from 2006. According to the Kinder Institute at Rice University, Houston gained an astounding 1,200,000 people between 2000 and 2010, according to census figures, averaging 123,000 people each … [Read more...]
Where the jobs are in Houston
The Texas Workforce Commission’s goal is to improve the way Texans make career and education decisions by providing useful and reliable information about careers, educational training options and jobs. Using data about labor trends, business investment patterns and educational requirements of workers as a base, Business Specialist, Michael “Mick” Normington said Houstonians have the highest wages in Texas. PRODUCTIVITY IS KING! The United States is making more with fewer workers. The good news is a recovery in … [Read more...]
Sharpstown
Sharpstown is a 4,000 acre tract of land located in southwest Houston off Highway 59. The subdivision was developed by Frank Sharp and his partners who bought the land in 1954 for a housing development of 15,000 homes. Frank Sharp offered to donate a 300-foot-wide right-of-way strip through Sharpstown for the construction of the southwest freeway. The crown jewel of Shsarpstown was to be an air-conditioned Shopping Mall. The freeway was the heart of Sharpstown as it would provide a way for customers to come to … [Read more...]
Lakes of Savannah
The Pearland area has experienced unprecedented growth over the past several years and Lakes of Savannah has quickly become one of the area's most popular new home communities. Lakes of Savannah is conveniently situated just south of downtown Houston and the Texas Medical Center. Less than three miles from SH 288, Lakes of Savannah residents enjoy easy access to virtually every area of Houston, which translates into a shorter daily commute. Location Southwest Houston - Hwy. 6, 2.3 miles west of Hwy. 288 and 1.5 … [Read more...]
Leland Woods Subdivision
Leland woods was created as reinvestment zone number twenty two for the purpose of development within the area of the city generally referred to as the Leland Woods area. The purpose is to provide at least partial funding for new basic infrastructure (water, sanitary sewer, storm sewer, streets, major thoroughfare sound barriers, and public open space/recreation facilities for a new affordably-priced, single-family residential subdivision in northeast Houston that will consist of 373 … [Read more...]
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