SAN ANTONIO – Area home sales and prices broke records in 2021, according to Texas Realtors. Buyers purchased 42,053 homes in the metro last year, a 4.7 percent increase from 2020. The median price increased 14.5 percent to $284,995. Local inventory dropped from 1.7 to 1.4 months. The Texas Real Estate Research Center (TRERC) considers six to […]
Key Takeaways: Oil and gas prices are the highest in United States history! Individuals and families are shifting how they think about housing, from suburban versus urban to downsizing or going multigenerational. It’s critical to work with an agent who understands the right fit for you and your family. Record-high oil and gas prices are […]
Every year, many renters ask themselves the same question: Should I continue renting, or is it time to buy a home? If you’re a renter, chances are you’ve asked yourself that question at least once, and it’s likely because you’ve faced an increase in your monthly housing costs over time. After all, according to Census […]
AUSTIN – Intracorp Texas is developing Conrad Residences and Hotel, a 65-story residential and hotel tower at E. Second and Trinity Streets. The building will be the tallest residential and hotel tower in the city. It will include 136 condos, 330 hotel rooms, and 11,000 sf of ground-floor retail and restaurant space. The condos will be […]
HOUSTON – A 39,445-sf warehouse at 5606 Harvey Wilson Dr. in the Second Ward neighborhood has been sold. Built in 1955, the building has 10- to 14-ft clear heights. NAI Partners represented the seller while PrinGroup Commercial represented the buyer. Get more Houston-area industrial news on the Texas Real Estate Research Center’s website: Texas Quarterly Commercial Report Houston-area industrial […]
HOUSTON – Area home sales scored double-digit gains in February, partly because of the deadly Texas freeze from February 2021 halting real estate activity. According to the Houston Association of Realtors, single-family home sales increased 22.9 percent from February 2021 to 7,321 units sold. Sales were up 23.3 percent over February 2020, the last February with […]
ROUND ROCK – Link Logistics Real Estate LLC is developing Settlers Grove, a 631,000-sf warehouse development at 2200 Chisholm Trail. The four-building property will have 32- to 36-ft clear heights. Construction begins in May and will be complete in 13 months. Powers Brown is the architect. The Texas Real Estate Research Center has more industrial news for Austin-Round Rock: Texas […]
TYLER – St. Louis-based McCarthy Building Cos. has topped out the Northeast Texas Cancer and Research Institute, an 85,000-sf healthcare project. The center is on the CHRISTUS Mother Frances Hospital campus. It will have specialized areas for Texas Oncology, including 30,000 sf of clinic space for medical, radiation, and gynecologic oncology services and nearly 3,000 sf of research space. […]
DALLAS – Lang Partners has purchased four acres on Hall St. along the Katy Trail. The two-block site is home to the 200-unit Carlisle apartment building, which was built in the 1960s. It is one of the oldest rental communities in the area. GFF is designing a mixed-density apartment community for the site. It will be three […]
COLLEGE STATION – Increased migration to Texas, particularly from higher-income states like California, has prompted concerns of diminished housing affordability as newcomers search and compete for housing. However, new analysis by the Texas Real Estate Research Center (TRERC) indicates migration patterns offer little explanation for the recent runup in home prices. “There is essentially no correlation […]
