Texas foreign home buys fall again

Foreign buyers snapped up almost 14,000 Texas homes last year.

During the 12 months ending in March, foreign buyers purchased $6.6 billion in Texas properties, according to the Texas Realtors association’s annual study.

That’s down significantly from the $7.8 billion in Texas housing purchased by foreigners in the 2019 report.

And home purchases in 2019 by international buyers fell 28% in Texas from 2018 levels.

Texas accounted for 9% of total U.S. foreign home purchases in the most recent study.

“Despite the slight drop in foreign buyers compared to the previous reporting period, Texas remained a top state for international buyers, particularly those coming from Latin America,” Cindi Bulla, chairman of Texas Realtors, said in the report. “Texas continues to enjoy strong international real estate sales activity.

“From relocations to commercial or residential, foreign buyers choose Texas because of our resilient economy, job availability, investment opportunities and friendly business climate.”

Read More Read more

Fall Parade of Homes highlights broad range of locations, styles and price points | Business News

Built on a 1.5-acre lot with panoramic views of rural Dane County, the $1.04 million home has five bedrooms, 4.5 baths and 5,200-square-feet of living space. The outside entryway is framed with 12 inch by 12 inch beams of Douglas fir, a bar in the basement is accented with two-inch-thick shelves made from cherry while beams on the living room ceiling are stained to match those on the entryway. The home offers up an elegant but clean and functional design from Bouril Design Studio, an architectural firm in Madison.

Fall Parade of Homes

Offices are popular among those considering a new home. Jason Kratochwill, founder of Jason Thomas Homes, has two offices in his home, which is part of the Madison Area Builders Association’s Fall Parade of Homes.

“What we’re seeing trend-wise in the market is a lot of modern takes on traditional styles,” Kratochwill said. “So, in this case,

Read More Read more

Rodrock offers a feast of fabulous homes for Fall Parade


During this year’s Fall Parade of Homes, Rodrock has more than 20 homes open for free tours from 11 a.m. to 6 p.m. daily. Among them is the award-winning Olympus II by Pyramid Homes in Red Fox Run at Sundance Ridge. This gorgeous 1.5 story is a must see, boasting an oversized walkthrough pantry, large laundry, and expansive mudroom, providing abundant spaces for busy lifestyles.

During this year’s Fall Parade of Homes, Rodrock is offering a veritable feast of homes for tour goers to try—all of which will tempt palates with enticing new floor plans and the most tasteful design trends. More than 20 fabulous homes are showcased in an appetizing array of styles and price points.

Now through the 25th, these gorgeous abodes are open to the public for free tours from 11 a.m. to 6 p.m. daily.

“Red Fox Run at Sundance Ridge starts

Read More Read more

Oil Prices Fall on U.S. Stimulus Impasse, Rising U.S. Crude Stockpiles | Investing News

SINGAPORE (Reuters) – Oil prices fell on Wednesday after U.S. President Donald Trump dashed hopes for a fourth stimulus package to boost the coronavirus-hit economy and on a larger-than-expected increase in U.S. crude inventories.

U.S. West Texas Intermediate (WTI) crude

oil futures declined 42 cents, or 1%, to $40.25 a barrel by 0648 GMT while Brent crude

futures fell 30 cents, or 0.7%, to $42.35 a barrel.

“Crude prices got hammered with one-two punch after President Trump sent all risky assets into freefall after ending negotiations on fiscal stimulus and after US crude stockpiles posted their first build in four weeks,” said Edward Moya, senior market analyst at OANDA.

President Trump, still being treated for COVID-19, ended talks on Tuesday with Democrats on an economic aid package for the United States, the world’s biggest oil consumer, with the U.S. presidential election only weeks away.

“President Trump’s decision to end fiscal

Read More Read more

Study: Solar farms reduce home values – News – The Herald News, Fall River, MA

PROVIDENCE — Opponents of the development of large solar installations in rural and suburban Rhode Island argue that sprawling tracts of photovoltaic panels mar the character of their communities.

They worry that in many cases construction of the industrial energy projects mean clear-cutting acres of woodlands or building in open fields, leading to a loss of prime green space.

Now, it looks like they have something else to be concerned about.

After analyzing thousands of property sales in Rhode Island and Massachusetts over a decade and a half, economists at the University of Rhode Island have concluded that solar development is having a negative impact on nearby home values.

Corey Lang, associate professor of natural resource economics, and doctoral student Vasundhara Gaur found that prices of homes within a mile of a solar installation declined by 1.7%. Homes within a tenth of a mile went down by 7%.

Some of

Read More Read more

Is the Fall a Good Time to Buy a House? This Year, Things Have Changed.

Text size

for sale sign


Coronavirus sent the U.S. housing market for a spin this summer as demand outstripped supply—and the highly competitive environment appears to have continued into the fall.

“Normally, this last week of September is sort of a buyers’ sweet spot,”
Danielle Hale
, chief economist at Realtor.com, told Barron’s. In a typical year, September is when buyer demand decreases as home listings remain on the market, resulting in more options and less competition, she said.

But that was not the case this year. Homes spent an average of 54 days on the market nationally in September, 12 fewer days than the same month last year and three fewer than in August 2020, according to a Realtor.com study. That’s an unusual occurrence during a month when market activity normally begins to slow. This was the first year since at least 2016 when homes spent less

Read More Read more

Mortgage rates fall as demand for home loans rises

The 15-year fixed-rate average reached 2.36 percent, down from 2.40 percent, with an average 0.7 point. The five-year adjustable-rate average at 2.90 percent, with an average 0.2 point, was unchanged from the previous week. The 15-year rate was 3.14 percent and the five-year was 3.38 percent a year ago.

“Mortgage rates are in a holding pattern because we have lots of big things looming and investors are waiting to see what happens,” said Danielle Hale, chief economist with Realtor.com. “Obviously, they’re waiting on the election results, but also on the next stimulus plan, which seems to start and stall. I expect mortgage rates to stay stable and not go up or down much until we get some of this big news.”

Freddie Mac’s Primary Mortgage Market Survey, from which the averages are derived, is confined to rates on conventional home loans for borrowers who make a 20 percent down payment

Read More Read more

Australian home prices fall for sixth month, dragged lower by Melbourne, Sydney

SYDNEY (Reuters) – Australian home prices eased for a fifth straight month in September, weighed down by the two largest cities of Sydney and Melbourne, though the other six capital cities enjoyed an upturn in both values and listings.

FILE PHOTO: Residential homes can be seen in the inner west suburb of Enmore in Sydney, Australia, July 19, 2015. REUTERS/David Gray

Data from property consultant CoreLogic on Thursday showed home prices across the nation slipped 0.1% in September from a 0.4% decline in August and 0.6% in July.

The pace of monthly declines has been slowing as coronavirus-driven mobility restrictions have lifted across much of the country.

Prices were up 4.8% on September last year, reflecting the strength of the market ahead of the pandemic.

Values in the capital cities fell 0.2% in September, but were 4.9% higher on the year.

Melbourne was the major loser, with a monthly drop

Read More Read more

Australia Home Prices Fall, Dragged Down by Sydney, Melbourne

(Bloomberg) —

a boat sitting on top of a sandy beach: A residential property stands under construction at a housing development in Melbourne on Sept. 1.

© Bloomberg
A residential property stands under construction at a housing development in Melbourne on Sept. 1.

Australian house prices fell for a fifth month, as declines in Sydney and Melbourne outweighed a nascent recovery in the rest of the country.


Load Error

House values in major cities dropped 0.2% last month, CoreLogic Inc. data released Thursday showed. Prices in Melbourne, which is in its third month of lockdown after a resurgence in coronavirus cases, declined 0.9% last month, to be down 5.5% since the pandemic started.

In Sydney, prices fell 0.3% in September. Home values rose in the rest of the country, where virus restrictions are not as stringent, led by a 0.8% gain in Adelaide and a 0.5% increase in Brisbane.

“Unsurprisingly, the markets where the virus has been well contained and economic activity is less restricted are faring the best,” said Tim Lawless, head of

Read More Read more

Indian House Prices to Fall 6% This Year, Risk to Downside: Reuters Poll | Investing News

BENGALURU (Reuters) – Indian house prices will fall more sharply this year than expected just three months ago amid surging coronavirus cases which are hurting demand in an economy fighting its deepest recession on record, a Reuters poll showed.

Even before the pandemic struck, house prices had declined nearly 1% during the January-March period from the previous quarter, according to Reserve Bank of India data. That is with consumer inflation averaging 6.67% during that same period.

Most new housing projects are either unsold or delayed due to the coronavirus spreading in the country at the fastest rate in the world – causing massive job losses, pay cuts in almost every sector and migration of labour out of top-tier cities.

That gloomy job market was likely to hurt demand and already-slowing housing market activity, suggesting a recovery would not come any time soon, according to the Sept. 16-28 Reuters poll of

Read More Read more