Blog entries tagged new homes

New vs Resale Stats: More of My Case

Nick Will — Wed, 04 Nov 2009 01:18:04 +0100

The inestimable Lucia Mutikani reports for Reuters that existing home sales rose to a 2-year high in September. These numbers are more meaningful than how, in two posts ago as I mentioned, new home builders have just been messing all over themselves. From Mutikani's article:
The National Association of Realtors said sales of existing homes jumped 9.4 percent in September to an annual rate of 5.57 million units, the highest level since July 2007. Financial markets had expected sales to rise to aRead More...

Rules on Choice of Title Company - Buyer Be(A)ware

Nick Will — Tue, 03 Nov 2009 01:24:14 +0100

The Real Estate Settlement Procedures Act was passed by the U.S. Congress in 2008 to govern certain aspects of closing most residential transactions in the United States. RESPA had a giant impact on how business is conducted in certain segments of the real estate industry, especially in title/escrow companies and mortgage lending companies.

The Housing and Urban Development Agency is the regulator of the Act, as it is the closing statements used in most residential transactRead More...

New Home Sales Stats: Some Truth to Power

Nick Will — Mon, 02 Nov 2009 00:41:56 +0100

Okay so new home sales numbers weren't reported to be up last week. So? First of all, the housing market is local in nature. If all politics is local as Tip O'Neill said, then real estate and housing is darn near skin-tight.

Here's what Deutsche Bank said in the linked article above: "Overall, we think today's weak number supports our contention that based on waning government stimulus the housing recovery could end up being W-shaped..." What blather.

&nbsRead More...

Top Luxury Builder Debuting in The Woodlands

Nick Will — Thu, 24 Sep 2009 11:04:09 +0100

If you think I've been overly optimistic, please note this. It needs no commentary. From The Houston Chronicle Tuesday:
Toll Brothers, a publicly traded home building company, has earned the industry's top three awards, including America's Best Builder from the National Association of Home Builders, the National Housing Quality Award and Builder of the Year.

It plans to offer its luxury homes in the high $400,000 to $500,000 price range in Tupelo Woods in Creekside Park and PlayerRead More...