The Houston real estate market put the wraps on 2010 with improvement signs, although sales were down for six consecutive months. Prices of single family homes across Greater Houston continued their rise in the last month of the year, while sales volume sustained the smallest reduction since the declines began last July, as the homebuyer [...]
Another chunk of prime Galveston beachfront property is heading to the auction block February 23. The third and fourth phases of the Palisade Palms development will be auctioned off a part of a multiparcel bankruptcy auction. The auction includes 800 feet of Gulf of Mexico beachfront and 15 acres of development land along East Beach. [...]
Although the Houston housing inventory registered high number of homes for sale, the number of available properties in the area trailed off in December. ZipRealty registered just over 32,000 available properties in the local area last month, a reduction of 3.9% compared to November. However, that number is also more than 23% above figures from [...]
A fresh study shows government entities are the owners of majority of the foreclosure currently on the real estate market in Houston. This level of saturation hasn’t been seen in other major markets. RealtyStore performed a comprehensive analysis of Harris County foreclosures and found almost 6,000 foreclosures recorded in the county, more precisely 5,858. Less [...]
There were no bidder present at a foreclosure auction selling the 100 acres Houston family Former defense lawyer Jim Logan ended up buying the land back himself. This makes the winning bid to be $150,000 which represent a third of the amount owned by the family to Logan. Practically Jim Logan, who once defended the [...]
While the financial and housing crisis lead Hotel Icon in foreclosure, the Magic Johnson owned Canyon Urban Funds took advantage of its situation and enriched its portfolio by buying the hotel out of foreclosure. Along with Centurion Partners, Canyon Johnson Urban Funds bought Hotel Icon, a trendy boutique hotel in Houston for $27 million through [...]
Since the foreclosure crisis began four years ago, it has claimed 5 million homes. Now the house of a local veteran is on the list, who struggles hard to hold on to his home.A veteran of the Marine Corps and US Army who served in Vietnam, Aguirre later worked for a lawn and tree service [...]
The Houston trendy Hotel Icon faces foreclosure sale. It has been posted for Tuesday’s Harris County foreclosure auction, the county records say. Capmark Bank made a loan of $19.4 million in January 2007, but the note was sold to CJUF III Centurion Icon on November 18. According to state records, the company was registered to [...]
