US military homeowners face unpredicted situations these days regarding their real estate investments: despite their homes worth much less than what they paid for them, they are being forced to move by the government, leaving them with big financial losses. As a family man some purchase a property because they want to establish a family [...]
While the first quarter of 2010 meant 883 foreclosure sales in Austin, this year seems like the housing market shows strong signs of recovery. According to RealtyTrac’s recent report Austin recorded only 579 foreclosed home sales during the first three months of 2010, accounting only 11% of all homes sales. The report highlights the price [...]
According to a new report only 5% of Austin area homeowners believes the residential real estate industry has recovered. This is the same percentage as last year, the report suggests. Trulia and RealtyTrac released these days the result of an ongoing survey tracking the attitude of the Americans regarding the housing industry. The report shows [...]
Plaza 35, a 194,700 square-foot, two building office complex located at 12234 N. I-35 was purchased in a foreclosure auction by Stream Realty Partners. The single story development was built in 1999 and it was previously fully leased to Dell Inc. After the previous owner, Chase Merrit, defaulted on a $20 million loan the property [...]
Austin developers put the cash on the table to purchase the 14 acre gated community in Round Rock that ultimately will have 160 luxury townhome-style condominiums near the Texas 45 toll road. The community – purchased by Sutton Co., a real estate development firm, whose partners are Mac Pike and Wally Scott III and local [...]
Austin foreclosure filings are down almost 43% year-over-year in April, RealtyTrac reported two days ago. The online foreclosure listing service reported a total 644 homes entering the foreclosure process – default notices, scheduled auctions and bank repos – in April, which is a 14% decline since March. The total represents about one in every 1,040 [...]
A total of 3,128 homes in Austin slipped into foreclosure during the first three months of 2011 or about 7.5% more than the same period last year, RealtyTrac Inc. reported. The report highlights that one in every 214 homes in Austin is heading to foreclosure ranking the Texas capital No. 85 of 211 cities for [...]
While the real estate market struggles to recover in most of the states, Texas managed to avoid an excess supply of foreclosures and other distressed properties. “Texas is still performing considerably better than other states in terms of maintaining balance between home inventory and demand,” said Jim Gaines, Ph.D., an economist with the Real Estate [...]
Foreclosure Listing Service published their latest report about the Austin area commercial foreclosures. According to year to date data, commercial foreclosures dropped 6% compared with the first five months last year. Foreclosure Listing Service reported a total of 424 commercial properties entering the foreclosure process between Jan. 1 this year and scheduled for the May [...]
