NEW YORK – SmartAsset’s list of the nation’s best housing markets for growth and stability in 2020 named Midland as the top metro. The report stated that in Midland there was a 0 percent chance of a 5 percent loss in home price a decade after it was purchased. Overall home price growth was 287.8 percent […]
We’re in the ultimate sellers’ market right now. If you’re a homeowner thinking about selling, you have a huge advantage in today’s housing market. High buyer demand paired with very few houses for sale makes this the optimal time to sell for those who are ready to do so. Whatever the move you want to […]
HOUSTON – As construction costs and demand increase due to low interest rates and out-of-state buyers, the local median home cost rises as well. In May 2021, the median price of single-family homes jumped 21.7 percent to $304,000, according to the Houston Board of Realtors. The average price rose 29.7 percent to $387,000. Sales increased […]
ODESSA – San Antonio-based Braustin Homes has broken ground on its second West Texas hybrid mobile home dealership. The location at 3079 E. SH 80 will open in July. Although Braustin conducts most of its sales virtually, the dealership will give customers the opportunity to walk through units while still interacting with sales representatives via […]
DALLAS – Fortress Investment Group LLC has signed for 47,850 sf at Weir’s Plaza. The 12-story office building is being developed by Four Rivers Capital on the former location of Weir’s Furniture store at 3219 Knox St. The development broke ground in July 2019 and will open in November 2021. CBRE represented Four Rivers Capital. Colliers International […]
DALLAS – The 321-unit Alexan Henderson apartments have been sold to an affiliate of New York-based Nuveen. The four-year-old community was built by Trammell Crow Residential near the intersection of Henderson and Ross Avenues. The Texas Real Estate Research Center has more multifamily news online for free: Texas Quarterly Apartment Report Dallas-area multifamily news Source: Dallas Morning […]
COLLEGE STATION – Initial jobless claims in Texas have reached pre-pandemic levels after decreasing to 17,700 claims the week ending June 5. This marks four straight weeks of drops and the lowest level of claims since before the pandemic. About 5.2 million unemployment claims have been filed since March 21, 2020, according to U.S. Department of Labor (DOL) data. Continuing unemployment claims decreased to […]
The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. A normal market has a 6-month supply of homes for sale. Anything over that indicates it’s a buyers’ market, but an inventory level below […]
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SAN ANTONIO – The San Antonio Housing Authority (SAHA) has partnered with developers to build two apartment projects just north of Texas A&M University-San Antonio’s South Side campus. Locally based Streamline Advisory Partners is planning a $61.1 million, 336-unit project called Palo Alto Apartments. It will be on 16 acres on the southeast corner of Palo Alto Rd. and Loop […]
