In Travis County foreclosure postings dropped 12.4% for the October sale from the same month a year ago, while Williamson County recorded a 19.1% decline. Hays County saw only a 14.7% drop, but still higher than in Travis County. Bastrop County was the only region registering increase in foreclosure postings. While the numbers show a [...]
The 127-room Austin TownPlace Suites by Marriott has a new owner: GVM Hotel Partners, a Dallas-based company. The previous owner was Inland American Hotel Group, which traded a five-hotel portfolio that includes hotels in College Station, Houston and Birmingham, Ala. According to information provided by the Austin Business Journal, the amount paid by GVM for [...]
Area Property Partners has paid $129 million or 60% of par for a $215 million portfolio of defaulted loans on 17 apartment properties with 4,733 units. The New York investment company teamed with McDowell Properties, a San Francisco firm which specializes in turning around distressed apartment complexes. According to Steve Wolf, partner of AREA the [...]
Pulte Group Inc. a national homebuilder is opened two developments this weekend, that together added more than 700 new single-family homes to the Austin housing market. One development includes 376 homes named Preston Village in North Austin, while the second is the 329-home Cold Springs development in Leander. Prices for homes at Preston Village start [...]
Corelogic released its latest report which found Austin’s foreclosure rate up 0.11% in June compared with the same month last year. While the rise of foreclosure rate questions the strength of Austin’s housing market which was praised in multiple housing market reports, Austin’s foreclosure rate of 1.09% is still lower than the national average of [...]
The latest report issued by Foreclosure Listing Service reveals huge declines in foreclosure posting. For September 1,122 properties were posted, which means a 25% decline than a year ago, George Roddy said. This drop marks September as the fifth consecutive month that posting are below the 1,300 monthly milestone. Travis County had the largest monthly [...]
While most of the markets are waning, Austin-area home prices continue to hold steady. This is the result of the latest Home Price Index report issued by CoreLogic Inc., which shows July Austin home prices rising. However, it is a very light rise, only 0.1% compared to a year ago, but it is still a [...]
