TEXAS – The Texas comptroller has released the latest estimate of statewide property values, which show a 1.3 percent increase from $1.67 trillion in 2010 to $1.69 trillion in 2011. The difference will save the state $300 million to $400 million by reducing its obligation to school districts, according to Joe Wisnoski of Moak Casey [...]

Sales of previously owned homes came in 18.6 percent higher last month when compared to August 2010, according to data just released by the National Association of Realtors. Completed transactions rose 7.7 percent on a month-over-month basis to a seasonally adjusted annual rate of 5.03 million. The latest numbers far surpassed market expectations. Many analysts [...]