Odessa Real Estate News
Real Estate news for Odessa, TX continually updated from thousands of sources.
Apr 8, 2015 | via Housing Wire
With oil prices trending down again , the impact of the oil's new normal will soon be felt throughout the housing industry, especially in cities whose economy is dependent from oil and gas drilling. According to a new report from real estate analytics firm HouseCanary , oil price changes are a leading indicator of home values in many markets in the U.S. Failing oil prices will dampen growth in areas where the local economies are heavily based on the production of oil, HouseCanary said in the study. Comment?
Apr 7, 2015 | via Business Wire
According to HouseCanary Chief of Research & Co-founder, Chris Stroud: "Strength in oil prices from 2014 are still fueling market conditions, but if low oil prices persist, the impact to home values will be more material." )--HouseCanary released a study today on the impact of recent oil price drops on the real estate market. Comment?
Mar 31, 2015 | via El Paso Times
GSF Mortgage, a national home mortgage lender, has opened its first El Paso office, the Wisconsin-based company announced Tuesday. Marcos Garcia, 38, who previously was a loan officer at Rocky Mountain Mortgage in El Paso, and has 10 years in the mortgage lending business, is the branch manager and sole employee of the new office. Comment?
Feb 6, 2015 | via Mortgage News Daily
The National Association of Home Builders said today that nationwide metropolitan area markets are improving at a constant pace and are nearing normal economic and housing activity. The Association's Leading Market Index issued in conjunction with First American Title Company rose slightly to .90 in the fourth quarter of 2014. Comment?
Dec 18, 2014 | via Business Journal
Cullen/Frost Chairman and CEO Dick Evans was excited to move forward with the merger with WNB Bancshares Inc. in the Permian Basin region of West Texas. The year 2014 saw banks in and around San Antonio continue their slow but steady recovery from the financial crisis that rocked the nation in 2008-09. Comment?
5 hrs ago | via MarketWatch
The fact that "Generation Rent" - 25- to 34-year-olds in the U.S. - isn't getting off the fence when it comes to buying homes has been well documented. Even with near record-low interest rates, just 38% of this cohort - also known as millennials - owned homes in 2012, according to CoreLogic, compared with nearly 52% of the same age group in 1980, when mortgage rates were in the double digits. Comment?
6 hrs ago | via WTHR-TV Indianapolis
The National Association of Realtors releases its January report on pending home sa... The Army's top general says human error probably was not a factor in the inadvertent shipping of live anthrax to research laboratories. Human error probably was not a factor in the Army's mistaken shipment of live anthrax samples to numerous U.S. government and commercial laboratories in the U.S. and in South Korea, the Army's top general said... While the barrage of deadly thunderstorms that hit Texas has tapered off, several cities aren't out of danger, as officials warn about possible flooding as the week goes on from rivers swollen by rainfall. Comment?
9 hrs ago | via Credit.com
In most of the country, buyers have the advantage over sellers in the housing market. In April, 59% of counties in RealtyTrac's monthly Home Sales Report reported that homes sold at less than market value, on average. Comment?
Aug 22, 2011 | via American Reporter
I am a believer in dreams, and when I had a waking dream a few days after the S&P downgrade of our national debt of President Obama packing his bags and leaving the White House, I was saddened for him and for my country. But the great thing about dreams, if they are truly predictive, is that they give you time to change the future, and I'm going to try doing that with this advice. Comment?
Yesterday | via Automotive News
Will a Supreme Court ruling in a Texas civil rights case alleging the state's housing practices resulted in a disparate impact on African-Americans set a precedent that could affect the CFPB's crackdown on auto lending? It depends on who you ask. Dealership attorneys say the Consumer Financial Protection Bureau won't benefit from the decision, but government officials believe the ruling could lead to a change in the Consumer Financial Protection Bureau's use of the disparate impact theory in the long-term. Comment?
5 min ago | via Long Island Business News
A Bohemia-based heavy construction company that plans to move to a larger facility in a nearby town and double its permanent workforce received a $150,00 aid package from the Suffolk County Industrial Development Agency on Thursday. The IDA board members voted unanimously to secure for J. Anthony Enterprises a sales-tax exemption of $12,506, a mortgage recording tax exemption of $14,700, and a $122,383 savings on a 10-year payment in lieu of taxes. Comment?
6 min ago | via Inside Bay Area
Tucked away in a warehouse here is a startup working to overhaul one area of the housing market not already shaken up by Airbnb and Zillow. HomeSuite, a 5-month-old startup, is using the Web to overhaul the short-term rental market, trying to take the agony and uncertainty out of finding a month-to-month, furnished rental in the hottest real estate market in the country. Comment?
6 hrs ago | via Seeking Alpha
Where did the sellers from Tuesday go? Why did they not come out on Wednesday and sell? "Then you realize that yesterday's sellers were simply of the hit-and-run variety, blasting out of the S&P futures because the dollar was too strong, commodities too weak, the euro on Greece-related death throes, and the Fed too vocal about a shake-and-bake tightening," said Cramer. None of these happened on Wednesday though, which makes Tuesday's action a case of misguidance from the S&P 500 futures which gave a wrong sell signal to investors. Comment?
12 min ago | via Fox News
Selling your home isn't easy, especially if you live in a very competitive or saturated market. How can you make your home stand out? Fortunately, some home improvements hold universal appeal for potential buyers. Comment?
16 min ago | via Warrnambool Standard
TWO months after fleeing Timboon, alleged conman Dene Broadbelt has re-emerged as a mental health advocate hoping to visit schools to talk about his experiences with bullying and depression. TWO months after fleeing Timboon, alleged conman Dene Broadbelt has re-emerged as a mental health advocate hoping to visit schools to talk about his experiences with bullying and depression. Comment?
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