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The company announced its newest program, Opendoor Home Loans, on Thursday. and was initially tested in Texas. Aziz said.
In parts of Texas, the luxury real-estate market is hotter than a billy goat in a pepper patch. median home prices appreciated as much as around 10% from late 2013 to late 2014 in the state’s top.
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Texas’s reluctance to embrace home equity loans is well-known; it was not until 1997 that Texas voted, through a ballot initiative, to amend the Texas Constitution to allow such loans. But, when.