Odessa Real Estate News
Wednesday Apr 8 | 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?
Tuesday Apr 7 | 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?
Tuesday Mar 31 | 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?
12 hrs ago | via National Mortgage News
As low interest rates continue to pressure margins and net interest income, a spike in mortgage banking volume - fueled by refinancing activity - has provided a welcome boost for banks that sell their originations. Several bankers, pleased that refi activity padded first-quarter results, were quick to caution that they aren't counting on refinancing levels remaining elevated going forward. Comment?
Thursday | via Investor's Business Daily
Shares caved 7.7% to 20.03 in the stock market today , a fall likely compounded by the 11.4 % drop in U.S. new-home sales for March reported by the government Thursday. PulteGroup's gross margin on home sales fell to 22.7% from 23.8% a year earlier, partly reflecting last year's purchase of real estate lots from homebuilder Dominion Homes catered to entry-level customers. Comment?
Thursday | via Lucianne.com
"Will you take away my health insurance?" That question does not get asked often at Republican presidential forums. Yet it will be the most decisive question in the 2016 presidential election. Comment?
Wednesday | via Mortgage News Daily
Bottom Right Default State Name: State Name underscore: State Name dash: State Name lower underscore: State Name lower dash: State Name lower: State Abbreviation: State Abbreviation Lower: It is a continuously updated stream of news from around the web Visit throughout the day for the latest breaking news. SHANGHAI - China's factory activity contracted at its fastest pace in a year in April, a private survey showed, suggesting that economic conditions are still deteriorating despite increasingly aggressive policy easing by the central bank. Comment?
Wednesday Apr 22 | via Examiner.com
Texas is home for bigger and better homes and big mansions because we have large acres to build them. As per Commerce Department, the median size of a completed new home last year bloomed to a new record - 2,415 square feet. Comment?
6 min ago | via American Reporter
Take this guy: His wife works at McDonald's, pulling down $180 a week on $7.50 an hour, and he makes a solid $15 an hour and brings home $600 a week before taxes. That $2,960 is enough to let them borrow plenty - on a home mortgage, on an F-150, a boat trailer and a snappy-looking outboard, for a family vacation with her parents, for athletic gear and special training for the older two kids. Comment?
7 min ago | via American Reporter
While John McCain and Sarah Palin were refighting the culture wars of the 1960s, Obama turned his campaign into a referendum on deregulation, trickle down economics and tax giveaways to the wealthy and corporations. He offered a break with the policies that have dominated mainstream economic discourse since Ronald Reagan. Comment?
19 min ago | via Natl. Relocation & Real Estate
Coldwell Banker Howard Perry and Walston recently announced that its flagship Falls Office has been named the top office in the Coldwell Banker Southern region in closed adjusted gross commission income for Coldwell Banker offices with more than 100 sales associates and representatives. The Coldwell Banker system's Southern region spans 14 states. Comment?
19 min ago | via Natl. Relocation & Real Estate
Mortgage applications increased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending April 17, 2015. The Market Composite Index, a measure of mortgage loan application volume, increased 2.3 percent on a seasonally adjusted basis from one week earlier. Comment?
1 hr ago | via Wall Street Journal
Senator Charles Grassley on Friday sent a letter to the Department of Housing and Urban Development, challenging the method by which HUD Secretary Julian Castro installed a new head of the Federal Housing Administration. Traditionally, the FHA is led by a commissioner, who is nominated by the White House and confirmed by the Senate. Comment?
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