Need news in a flash? Here’s what’s happening in your community

Houston’s home market continues to move towards a healthy state from the recession, according to Freddie Mac’s Multi-Indicator Market Index, which measures a metro’s mortgage status, home payment-to-income and employment.

After halting plans because of dropping oil prices in 2014, developer Ron Lozoff says his Topaz Villas community residential project will begin construction and plans to finish by the fall of 2017.

Although it saw a drop in year-over-year foreclosure inventory of 14 percent, Houston’s decrease in foreclosure was the least of 10 metros studied in CoreLogic’s May 2016 National Foreclosure Report.

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