LGI Homes Inc. (NASDAQ: LGIH) announced the opening of Cypress Trails, a master-planned community in the Houston suburb of Hockley, Texas. According to the company, Cypress Trails will bring more than 500 new single-family homes to the area, ranging from two-bedroom...
Ginnie Mae announced that it issued $57.3 billion in mortgage-backed securities (MBS) during April, resulting in net portfolio growth of $18.9 billion. As of the end of last month, its MBS portfolio outstanding grew to $2.93 trillion. The April issuance included $55.3...
A new chairman at the Federal Reserve, a new real estate tax to bite Big Apple homebuyers, and London’s most famous rooftop will open to the public. From the wild and wooly world of real estate, here are our Hits and Misses for the week of May 11-15. Hit: A New...
Florida recorded 24,129 closed sales of existing single-family homes last month, up 2.4% year-over-year, while existing condo-townhouse sales totaled 9,309, up 6.9% year-over-year. According to data from Florida Realtors, new pending sales of existing single-family...
The NRP Group and the Housing Authority of Travis County have broken ground on Sanara, a new 348-unit affordable housing community in Southeast Austin. The new development All of the units are reserved for households earning up to 60 percent of the Area Median Income...
Texas Attorney General Ken Paxton has notified more than 130 localities across the Lone Star State that they were prohibited from raising ad valorem taxes above the no-new-revenue tax rate. According to a statement issued by his office, Paxton notified the localities...
Hits and Misses for the Real Estate Week of June 8-12
