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New bill may have lenders eyeing energy bills

2M Realty — Wed, 19 Oct 2011 15:12:10 +0000

A new piece of legislation may force lenders to factor in a borrower's anticipated energy costs when underwriting a government-backed mortgage, says the Institute for Market Transformations.The Sensible Accounting to Value...

New bill may have lenders eyeing energy bills PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

Housing starts increased in September

2M Realty — Wed, 19 Oct 2011 14:41:34 +0000

According to new data, housing starts rose in the month of September, says a report from the U.S. Census Bureau and the Department of Housing and Urban Development.Nationally, housing starts were up 15 percent in September ove...

Housing starts increased in September PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

Houston housing market shows promising increases

2M Realty — Tue, 18 Oct 2011 15:02:16 +0000

Data from a recent report shows sales in the Houston real estate market have risen for the fourth consecutive month, finds the Houston Association of Realtors.The sales of single-family homes has risen 16.9 percent from Septem...

Houston housing market shows promising increases PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

New foreclosure regulations to keep Houston homeowners informed

2M Realty — Mon, 17 Oct 2011 15:15:28 +0000

New mortgage standards for major lenders are due to take effect starting January 2012, Marketwatch reports.The new rules have been in effect for months, but only on a voluntary basis. Starting in 2012, these regulations will b...

New foreclosure regulations to keep Houston homeowners informed PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

Key indicators may mean it’s time to buy

2M Realty — Fri, 14 Oct 2011 15:03:05 +0000

Home prices have declined more than 30 percent in the past five years, but two key indicators might be saying its a good time to buy again, reports The Wall Street Journal.The first indicator is the restoration

Key indicators may mean it’s time to buy PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

Houston’s best community recognized

2M Realty — Thu, 13 Oct 2011 14:58:40 +0000

This year Houston's Best Community award from the Greater Houston Builders Association went to The Falls at Imperial Oaks, reports The Woodlands Villager.The award, designed to recognize Houston's best residential mast...

Houston’s best community recognized PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

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Harris County preparing to file suit against major lenders

2M Realty — Thu, 13 Oct 2011 14:40:33 +0000

The major settlement between major banks and many of the state attorneys general may not absolve banks of all liability over problems with the mortgage process, Bloomberg reports.Iowa Attorney General Tom Miller is leading a s...

Harris County preparing to file suit against major lenders PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

Foreclosure rates are slowly stabilizing

2M Realty — Wed, 12 Oct 2011 14:29:23 +0000

The nation's fragile housing market may start to stabilize after another year or two, reports the Wall Street Journal.While gathered at the Mortgage Banker Associations annual conference, chief economist at Moody's Ana...

Foreclosure rates are slowly stabilizing PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

Jeb Bush offers advice on housing market

2M Realty — Tue, 11 Oct 2011 15:05:20 +0000

Former Florida Governor and Texas native Jeb Bush has recently shown doubt that President Barack Obama will take a firm stance on the country's current housing crisis, HousingWire reports.Bush is currently the head of his ...

Jeb Bush offers advice on housing market PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

Former senior advisor Axelrod calls for mortgage finance fix

2M Realty — Tue, 11 Oct 2011 15:01:54 +0000

Creating a fairer mortgage system and repairing the housing market will ease the frustration the country has with Wall Street, former senior adviser to President Obama, David Axelrod told the Mortgage Bankers Association, acco...

Former senior advisor Axelrod calls for mortgage finance fix PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

Government reducing role in mortgage industry

2M Realty — Mon, 10 Oct 2011 15:13:02 +0000

The US government recently began to pullback the assistance it has been providing to the mortgage market to see if private lenders can pick up the slack, reports The Wall Street Journal.Critics are concerned the move will

Government reducing role in mortgage industry PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

Number of homeowners declines

2M Realty — Mon, 10 Oct 2011 15:05:31 +0000

The amount of Americans who own their homes has seen its largest drop since the Great Depression, says the US Census Bureau.Home ownership fell to 65.1 percent in 2010, 1.1 percent lower than a decade earlier. In

Number of homeowners declines PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

Report: Significant number of prime mortgage borrowers have negative equity

2M Realty — Fri, 07 Oct 2011 11:22:12 +0000

A recent report from Fitch Ratings revealed that a significant number of prime mortgage borrowers nationwide are experiencing troubles with their loan.The report relayed that more than one-third of all prime borrowers in priva...

Report: Significant number of prime mortgage borrowers have negative equity PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

Number of improving housing markets nearly doubles, says NAHB

2M Realty — Fri, 07 Oct 2011 11:20:45 +0000

According to the National Association of Home Builders' second edition of its First American Improving Markets Index, the number of improving housing sectors nearly doubled.The company's IMI showed that 23 individual h...

Number of improving housing markets nearly doubles, says NAHB PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

Interest rate for 30-year fixed loans sinks to record low

2M Realty — Thu, 06 Oct 2011 10:36:11 +0000

According to Freddie Mac's Primary Mortgage Market Survey, October has started with a bang for prospective homeowners.For the week ending October 6, the average rate for a 30-year fixed loan sunk to 3.94 percent, down from...

Interest rate for 30-year fixed loans sinks to record low PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

NAR president pushes for housing sector help

2M Realty — Thu, 06 Oct 2011 10:34:37 +0000

Speaking at a recent forum, National Association of Realtors president Ron Phipps relayed that the struggling housing sector needs to remain the nation's top priority.Phipps explained that homeownership affects all America...

NAR president pushes for housing sector help PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

Economists: Interest rates have to rise soon

2M Realty — Thu, 06 Oct 2011 10:32:32 +0000

A recent article in The Wall Street Journal explained that many economists are predicting a rise in the nation's mortgage rates soon."It's hard to imagine how long-term, 30-year fixed-rate mortgages could go lower...

Economists: Interest rates have to rise soon PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

Houston Airport System helping to boost area’s economy

2M Realty — Tue, 04 Oct 2011 11:33:54 +0000

Roughly $27 billion was put into the Houston economy by the Houston Airport System in 2010, with hundreds of thousands of jobs created through HAS, a report by Aviation News Today states.According to the source, a study

Houston Airport System helping to boost area’s economy PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

Mortgage application volume increases, reports MBA

2M Realty — Fri, 30 Sep 2011 08:44:17 +0000

The Mortgage Bankers Association's most recent Weekly Mortgage Applications Survey showed a significant increase in home loan submissions, as more borrowers attempted to refinance their loans.The Market Composite Index, wh...

Mortgage application volume increases, reports MBA PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

FHFA: Average mortgage rate declines during August

2M Realty — Fri, 30 Sep 2011 08:42:46 +0000

According to the Federal Housing Finance Agency, the average interest rate of mortgages sold to government-sponsored enterprises fell during August, representing the fifth-straight month of declines.Overall, the interest rate ...

FHFA: Average mortgage rate declines during August PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

Texas continues to lead country in job creation

2M Realty — Fri, 30 Sep 2011 08:40:41 +0000

According to a recent report from the Real Estate Center at Texas A&M University, the state continues to lead the nation in terms of job creation, more than doubling the country's pace during the last year.The report

Texas continues to lead country in job creation PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

Fixed-rate mortgages remain at or near historic lows

2M Realty — Fri, 23 Sep 2011 11:40:46 +0000

Freddie Mac's most recent Primary Mortgage Market Survey revealed that mortgage rates continued to remain close to historic lows for the second-straight week, which may prompt more potential homeowners into action.For the ...

Fixed-rate mortgages remain at or near historic lows PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

MBA: Mortgage application volume up as refinancings increase

2M Realty — Fri, 23 Sep 2011 11:38:19 +0000

The Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending September 16 revealed the volume of home loan submissions increased as more homeowners attempted to refinance their mortgages.The M...

MBA: Mortgage application volume up as refinancings increase PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

Mortgage delinquencies down, foreclosures steady in August

2M Realty — Thu, 22 Sep 2011 09:45:03 +0000

A recent report from Lender Processing Services may serve as a point of optimism for the national real estate market, which has been marred by distressed properties and late mortgage payments in recent months.Overall, the repo...

Mortgage delinquencies down, foreclosures steady in August PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

Homeownership still part of the American Dream for many

2M Realty — Thu, 22 Sep 2011 09:43:33 +0000

According to a recent survey conducted by an online real estate company, owning a home remains a priority for many consumers who still consider it part of the American Dream.More than 2,000 adults over the age of

Homeownership still part of the American Dream for many PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

Housing starts, completions down on monthly basis

2M Realty — Tue, 20 Sep 2011 10:18:43 +0000

According to data released by the U.S. Department of Commerce, the pace of residential construction during August showed fluctuations in all areas.During August, the rate of building permits issued for privately owned homes in...

Housing starts, completions down on monthly basis PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

More consumers opting for 15-year loans to refinance

2M Realty — Tue, 20 Sep 2011 10:17:07 +0000

According to recent data, an increasing number of consumers have begun applying for 15-year home loans in place of the normal 30-year terms to refinance their mortgages.During August, according to figures accumulated by a mort...

More consumers opting for 15-year loans to refinance PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

NAHB: Builder confidence unchanged during September

2M Realty — Tue, 20 Sep 2011 10:15:17 +0000

According to data recorded by the National Association of Home Builders/Wells Fargo Housing Market Index for September, confidence among builders in the new single-family market remained virtually unchanged during the month.Ov...

NAHB: Builder confidence unchanged during September PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

NAHB: Builder confidence relatively unchanged in September

2M Realty — Mon, 19 Sep 2011 11:32:23 +0000

Homebuilder confidence was stagnant in September from the month before, according to the National Association of Home Builders' Housing Market Index for September.The NAHB's report indicates a HMI of 14 during the mont...

NAHB: Builder confidence relatively unchanged in September PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.

Houston home builders upset with new fees and regulations

2M Realty — Fri, 16 Sep 2011 12:50:43 +0000

According to a recent report from The Community Impact Newspaper, homebuilders in Houston have remained busy lately, but many are becoming upset with new fees and regulations, which could threaten their business.Overall, the H...

Houston home builders upset with new fees and regulations PattiMace.com - Your full service real estate agent specializing in Harris County; Houston, Spring, Humble, Kingwood, Atascocita, Magnolia, Tomball and The Woodlands areas, this is your Real Estate Blog.