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Texas State Overview

Naomi M — Sat, 29 Sep 2007 23:04:22 -0500

Capital: Austin

Estimated 2004 population: 22,490,022

Change from 2000: +1,638,202

2004 housing units: 8,846,728

Housing units change from 2000-2004: +648,679

Top Texas Cities

Texas Economy

Texas Attorney General Proposes Plan to Reduce Foreclosures

Tue, 23 Oct 2007 14:45:20 -0500

With the looming number of foreclosures hitting the state along with the rest of the nation, Texas state leaders are working on ways to reduce foreclosures.

Texas Attorney General, Greg Abbott, proposed a series of foreclosure prevention measures to three of the largest mortgage lending and loan servicing companies doing business in the state: Countrywide Mortgage, Houston-based Litton Loan Servicing and Dallas-based EMC Mortgage.

Denton Texas foreclosures rates continue to rise

Sun, 21 Oct 2007 00:00:00 -0500

Denton County foreclosures as of mid-2007 were the 9th highest among 10 counties in the Dallas-Fort Worth region. This is a 9-percent increase over last year.

The 10-county region includes Dallas, Tarrant, Collin, Rockwall, Ellis, Johnson, Grayson, Parker and Kaufman. Parker County tops the list with a 56-percent increase from 160 mid-2006 to 249 mid-2007.

Dallas-Fort Worth home prices are stable, study shows

Naomi M — Tue, 09 Oct 2007 00:00:00 -0500

A study released Tuesday by home mortgage insurer PMI Group predicts there is less than a 10 percent chance Dallas-Fort Worth prices will fall during the next two years. Nationwide, the odds are more than 30 percent of a decrease in home prices.

Houston low-end housing market cold, high-end homes hot

Sun, 17 Jun 2007 00:00:00 -0500

The Houston Association of Realtors reported that the Houston market may not be able to keep pace with the expansion it has shown in the last three years.

In the current HAR statement, the data shows that the cause of the market slow-down is the decrease in activity in lower-priced homes.

The great news for the real estate market is that the high-end homes are still moving so the median price is also increasing.

Compared with May of 2006, the Months of Inventory has increased by 12% to 6 full months.

El Paso Texas housing market in big slump

Wed, 13 Jun 2007 00:00:00 -0500

Last year at this time homes were selling in El Paso in record time, but now things are quite different.

The number of homes on the market has more than doubled this year -- and that's not including homes under construction or for sale by owner.

Real estate agent Barbara Berliner says the difference is clear in the Kern and Rim areas, where homes that once sold in weeks are now staying on the market for several months.

Prices aren't falling yet, but Berliner expects they will if things continue this way for the next few months.

Houston inventory of homes up nearly 18% despite rebound

Mon, 21 May 2007 00:00:00 -0500

Houston inventory of homes up nearly 18% despite rebound

According to the Houston Association of Realtors, the April 2007 numbers show a 2.7% increase in the number of homes sold from the same period a year ago.

However, during the same period of time, inventory has grown by 17.6%. Last year at this time, Houston had some 42,000 homes on the market. At the end of April, that figure had climbed to 50,000.

The "Months of Inventory" statistic has jumped from 5.2 months to 5.8 months.