According to the latest reports issued by the Foreclosure Listing Service from Addison, Bell County foreclosures fell 10% from a year prior. The records show just 186 foreclosure postings for September, while a significant drop from 207 properties threatened with foreclosure in September 2010. Year-to-date count is also 5% down. Some 1,626 properties have been [...]
Lotus Village Apartments LP received a $19.9 million in financing to build a 222-unit apartment project in North Austin. The project entitled Lotus Village Apartments is visioned to be built at 300 Ferguson Drive and it will include 10 buildings three or four stories stories tall and a central courtyard. And the developers thought about [...]
Below is a listing of recent deals in the Central texas real estate market reported last week: The Goodyear Tire & Rubber Company signed a contract for a 12,000 square-feet lease at Springdale Business Center. The tenant was represented by Joe Brockman of oxford Commercial and Lennard Coplin of Kenney Wilson represented the landlord. Another [...]
Prices of non-distress sale homes declined only 1.1% from June 2010, and recorded improvement over May, when prices were 2.1% below the previous year. CoreLogic® Home Price Index also showed its third consecutive month-over-month increase, including distress sales, increasing by 0.7% in June 2011 compared to May 2011. However, June national home prices, including distressed [...]
July wasn’t the best month for Austin area. A total of 901 homes slipped into foreclosure during the 31 days of the month, which is about 10% more than the same period last year, at least according to RealtyTrac’s recent release. While the Austin foreclosure trend show an increase, nationwide foreclosures are dropping a significant [...]
The housing market in Austin and Houston has bottomed out, according to Mark Sprague, director of business development for Mission Mortgage in Austin. The picture he paints about Austin’s housing market is pretty fair. Although mortgage defaults and residential foreclosures remain high, his study shows that more than 50% of the nation’s foreclosures are located [...]
The most recent Texas Quarterly Housing Report highlights the after effect of last year’s federal homebuyer tax credits. The report describes the volume of real estate sales, which dropped to 58,795 existing properties that changed hands, in other words 12% less that the same quarter a year prior, when the government incentive motivated first time [...]
