CORPUS CHRISTI – Fuso Investment Inc. has sold Buccaneer Apartments, a 342-unit multifamily community, to Buccaneer Redevelopment LLC. The property spans 28.7 acres and has one- and two-bedroom units. Cravey Real Estate represented the seller. read more…
Archives: January 2024
Galveston Bay Foundation embarks on $1M wetlands conservation project
GALVESTON – The Galveston Bay Foundation has acquired 63 acres for a $1 million private land conservation project to protect against future development. Known as Redfish Cove, the property is on the western region of the island and includes about 40 acres of estuarine and tidal wetlands. The project is being funded through a $1 million […]
Aubrey community leads DFW new-home sales for second year
AUBREY – The Silverado residential community has led DFW in new-home sales for two years in a row according to Maryland-based real estate consulting firm RCLCO. Silverado, which was was built by D.R. Horton, had 721 total sales in 2023 with homes starting at $300,000. Windsong Ranch in Prosper came in second in DFW with 551 home sales, and McKinney’s Painted […]
2024 Texas Real Estate Forecast predicts more inventory, increased rents
COLLEGE STATION – More single-family homes and office spaces are expected to be delivered across the state in 2024, according to a new report by the Texas Real Estate Research Center. The center’s 2024 Texas Real Estate Forecast examines big-picture trends that may affect the market. Highlights from the report include: Residential market Single-family inventory is expected to increase […]
The Dramatic Impact of Homeownership on Net Worth
If you’re trying to decide whether to rent or buy a home this year, here’s a powerful insight that could give you the clarity and confidence you need to make your decision. Every three years, the Federal Reserve releases the Survey of Consumer Finances (SCF), which compares net worth for homeowners and renters. The latest […]
No guarantee property tax cuts will benefit renters
AUSTIN – Texas’ multibillion-dollar property tax cut package will provide homeowners $18 billion in property tax relief over the next two years, but some lawmakers and policy experts say there is no guarantee that the package will reduce housing costs for renters, reports the Houston Chronicle. The question of whether renters will see any property tax […]
35-story condo tower could 'luminate' downtown Austin
AUSTIN – Developer Northland Living is planning a 35-story condo tower at the northwest corner of 14th and Guadalupe Streets. The Luminary will have 286 one- to three-bedroom residences ranging from about $600,000 to more than $3 million. There will be 4,800 sf of street-level retail, including a spot for a restaurant. The tower will include 6 1/2 levels of parking with an […]
DFW warehouse construction down, vacancies up
DALLAS – North Texas industrial building vacancies rose to just under 10 percent at the end of 2023 with almost 40 million sf of additional warehouse construction underway. Expanding and relocating industrial tenants net leased more than 28 million sf of Dallas-Fort Worth buildings last year, according to a new report by commercial real estate firm Avison Young. At the […]
Avoid These Common Mistakes After Applying for a Mortgage
If you’re getting ready to buy a home, it’s exciting to jump a few steps ahead and think about moving in and making it your own. But before you get too far down the emotional path, there are some key things to keep in mind after you apply for your mortgage and before you close. Here’s […]
DFW’s Housing Market Outlook
Image by: Daniel Lee DFW Metroplex: Unfolding Your Nest in the Heart of Texas Welcome to the dynamic sprawl of the Dallas-Fort Worth Metroplex! As a newcomer, finding your perfect abode amidst the buzz of this ever-expanding urban jungle can be daunting. But fret not, intrepid house hunter! This 300-word guide, laced with SEO wisdom, […]