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Builder offers to buy homes in Texas landslide The Associated Press via The Austin American-Statesman Share     The builder of a San Antonio development partially evacuated after a landslide in January has offered to buy back 27 homes. Spokeswoman Valerie Dolenga said Wednesday that Dallas-based Centex Homes is offering to buy back the homes because homeowners will likely need to remain evacuated for six more months. The homeowners had to leave Jan. 24 when a landslide began and a retaining wall split. More
Averitt announces resignation, Sibley considering seeking former seat The Waco Tribune Share
State Sen. Kip Averitt, R-Waco, announced Monday he will be resigning March 17, setting the stage for a May special election to fill out the remainder of his term. Last week, Averitt won his Republican primary with 60 percent of the vote, despite a decision in January to shutter his campaign because of recent health concerns. More U.S. foreclosures drop second straight month Reuters Share
U.S. mortgage foreclosure filings dropped for a second straight month in February, and notched the smallest annual increase in four years as housing-rescue efforts contained activity, a recent report showed. Foreclosures are by far one of the biggest threats to the U.S. housing market, which remains highly vulnerable to setbacks and heavily reliant on government intervention. If foreclosures keep dropping, it will be one of the strongest signals yet the market is on the path to recovery. More
Study: Texas quakes linked to post-gas drilling proces The Associated Press via The San Antonio Express-News Share
A wastewater disposal process done after natural gas extraction — and not the drilling itself — is a plausible cause for the surprising series of minor earthquakes in north Texas, according to a new study. Researchers believe that when wastewater from the gas extraction process was injected into that disposal well, it could have affected a nearby and relatively inactive fault line. More Texas January job growth overstated The Austin Business Journal Share
The Texas Workforce Commission today said its initial January job growth estimate was inflated and Texas actually added 14,800 jobs, rather than the 30,300 reported earlier this month. The commission primarily revised estimates related to growth in the professional and businesses services sector. More
Texas Democratic governor hopeful White duels with Houston critic over bonds The Dallas Morning News Share
A legislative hearing suddenly gave way Wednesday to second-guessing of Bill White's fiscal management of Houston, and a swift rebuttal from the Democratic nominee for governor. A longtime critic testified that during White's six years as mayor, Houston masked an operating deficit by issuing hundreds of millions of dollars' worth of pension bonds. White, though, said he cut unfunded liabilities in city pensions by more than $1 billion with reduced benefits for newly hired employees and higher city contributions. More Texas sales tax deduction is extended The Fort Worth Star-Telegram Share
The Senate vote Wednesday approving a bill extending numerous tax breaks included a provision important to Texas that continues the deductibility of state sales taxes on income tax returns for another year. The Senate vote was 62-36. Both Republican Texas senators, John Cornyn and Kay Bailey Hutchison, voted against the bill. More
Texas' social studies fight in national spotlight The San Antonio Express-News Share
Scores of Texans brought their conflicting versions of history before the State Board of Education on Wednesday, and before national news media drawn to the board's months-long struggle to define how religions and human actors shaped the nation and world — or shaped them enough to mention in public school textbooks. The 15-member board debated high school world history late into the night, sometimes showing the frustration evident at a public hearing earlier in the day. More Houston mayor doubts funding for Uptown, University rail lines The Houston Chronicle Share
Houston mayor Annise Parker cast doubt Wednesday on whether the Metropolitan Transit Authority has the money to pay for two planned light-rail lines that proponents say are critical to the success of the agency's plans. Parker said members of her transition team have "drilled down" into Metro's finances and she now feels comfortable only with the funding plans of three rail lines: the East End, North and Southeast. Construction on those lines is under way. More
Austin mayor, council reverse stance on November rail election The Austin American-Statesman Share
Austin Mayor Lee Leffingwell, who during his 2009 campaign pledged to push for a bond election this year on an urban rail system, said Wednesday he no longer supports a November 2010 rail vote because too many important questions remain unanswered. The City Council's six other members quickly took the same position, effectively ending the chance that voters this year will be asked to approve an electric light rail or streetcar system. More McAllen's real estate market still sluggish The McAllen Monitor Share
Buying a house in the Rio Grande Valley will be much harder by this summer - and it's not easy now. Buyers have until April 30 to sign a contract to qualify for the homebuyer tax credit, up to $8,000 for first-time buyers and up to $6,500 for repeat buyers. More
GOP Sen. Cornyn calls Democrat Bill White 'serious candidate for governor' The San Antonio Express News Texas on the Potomac Blog Share
Even though he's a high-profile Republican, Texas Sen. John Cornyn is sounding like a veteran diplomat in his assessment of the rival candidates in the upcoming battle for governor between Republican Gov. Rick Perry against Democratic challenger Bill White. "You have to start with premise that Texas still leans Republican," said Cornyn, who has run repeatedly statewide for the state supreme court, state attorney general and twice as for the Senate. "That doesn't mean any Republican candidate can take it for granted." More 
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