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?
Jan 9, 2015 | via Live Charts
UK equities were in negative territory on Tuesday as poor manufacturing data out of China, the UK and the US weakened sentiment. The official purchasing managers' index for Chinese manufacturing activity fell to 49.7 in August from the previous month's reading of 50. A figure below 50 signals a contraction in the sector while a level above that indicates expansion. Comment?
Jan 9, 2015 | via Live Charts
London stocks declined on Tuesday after disappointing Chinese and UK manufacturing data. The official purchasing managers' index for China manufacturing activity fell to 49.7 in August from the previous month's reading of 50. A figure below 50 signals a contraction in the sector while a level above that indicates expansion. Comment?
Aug 21, 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?
Monday | via The New York Observer
I had worked out what we could afford, but in terms of what house, where and what style, I wanted whatever she wanted. and so everything seemed bigger in Texas. Comment?
Monday | via Dallas Observer
In 2007, Downtown Dallas' JP Morgan Chase tower sold for nearly $290 million, according to Real Values for Texas. It's currently valued by the Dallas Central Appraisal District at $192 million. Comment?
1 hr ago | via JD Supra
If there is anything that galls servicers of government-insured loans, it is the forfeiture or curtailment of all accrued interest from mortgage insurance claims resulting from the failure to foreclose fast enough within artificially created state time lines. At first glance, the U.S. Department of Housing and Urban Development listened to the complaints of servicers who argued that they should not be penalized for pursuing foreclosure avoidance options or experiencing delays in the legal system beyond their control. Comment?
3 hrs ago | via Mortgage News Daily
Wells Fargo Funding's clients received a note yesterday that is of use to the entire industry involving a scam impacting the mortgage settlement process . "On January 22 the Federal Bureau of Investigation issued a Public Service Announcement - Alert Number I-012215-PSA titled "Business Email Compromise" . Comment?
9 min ago | via The Washington Post
U.S. lenders earned a record $43 billion in profits for the second quarter -- a 7.3 percent increase from a year ago, the Federal Deposit Insurance Corp. said Wednesday. Higher revenue at more than two-thirds of banks and lower litigation costs pushed net income to a level that exceeded the previous mark set in 2013 by $2.6 billion, the agency said in its report on industrywide performance. Comment?
11 min ago | via Boston Herald
The stock market's sharp downturn in recent weeks has pulled the three major U.S. stock indexes into what is known as a "correction." But when does a market correction effectively end a bull market and usher in a full-blown bear market? A correction is a Wall Street term for when an index like the Standard & Poor's 500, the Dow Jones industrial average, or even an individual stock, falls 10 percent or more from a recent high. Comment?
18 min ago | via Globe and Mail
The August sales figures for Vancouver's real estate market show a nearly 18% jump in the price of a single-family home, while the oil-affected city of Calgary saw a plunge of as much as 27 percent. Greg Bonnell reports. Comment?
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