Houston Sees 15 Percent Drop in Mortgage Apps, Thanks to Hurricane Harvey – CandysDirt.com

Over on CandysDirt.com, Candy takes a look at the impact Hurricane Harvey has already had on the real estate market when it comes to mortgage applications. Take a look here, and weigh in – will it pick back up, and when?

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Houston’s foreclosure activity was up even before Harvey. Houston reported a 44 percent increase in total foreclosure activity, per the report. In terms of foreclosure starts, specifically, Houston saw a 67 percent increase compared to a year ago. So far in 2017, nearly 5,000 Houston-area homes have started the foreclosure process, up 28 percent compared to the first eight months of 2016.

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The BBA said mortgage repayments were also particularly strong during April, as banks actively encouraged borrowers to use their spare cash to pay down their loan. But economists have speculated that.

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Houston’s home sales dip in March for first time since hurricane harvey. Meanwhile, the average and median price of a single-family home reached their highest levels ever for a March in Houston. The average price was up 3 percent year over year to $292,756, and the median price increased 2.4 percent to $233,500. Total dollar volume of property sales in March inched up 0.7 percent year over year to nearly $2.29 billion.

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AN Abaco man was charged in the Freeport Magistrate’s Court on Monday with the murder of a woman whose partially decomposed corpse was discovered last Thursday on that island.