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Home sales weaken as buyers back off

Increased inventory and declining prices were not enough to seal the deal for some prospective homebuyers in September. Sales of both new and existing homes were down from August's rather lackluster performance. Although demand remains high, concerns about rising mortgage...

source: By Michael J. Berens
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Elvira and Bobby Guerra spent three years searching for a home to buy in southern Texas, but their real-estate agent repeatedly showed them houses that were too expensive and still in need of work.

source: The Wall Street Journal via Live Mint

Gov. Greg Abbott announced that he has approved $4 million for the Texas secretary of state’s office to create an “election audit division." “Ensuring the integrity of our elections is critical to our democracy,"...

source: Houston Public Media

Electricity outages in Texas could occur this winter if the state experiences a cold snap that forces many power plants offline at the same time as demand for power is high, according to an analysis by the Electric...

source: The Texas Tribune

Longtime U.S. Rep. Eddie Bernice Johnson, D-Dallas, announced she is not running for reelection after serving nearly three decades in Congress. “I have gone back and forth … the whole time because of the pleading...

source: The Texas Tribune

Instant buying (iBuying) accounts for only a small percentage of real estate transactions, but some buyers and sellers are turning to technology to avoid escrow periods and hurdles in the closing process. Companies known as iBuyers like Opendoor and Offerpad use algorithms...

source: Pro Builder

In the third quarter of 2021, effective interest rates increased on all four categories of loans tracked in NAHB’s Survey on Acquisition, Development & Construction (AD&C). This result reverses a general downward trend that had prevailed...

source: Eye on Housing


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