Although the weather isn’t helping Houston’s housing market, for the sales were up for the first time in seven months. The new year also brought a price heating, as the average price of single-family homes reached the highest level for a January in Houston. Luxury home sales helped propel the average price of a single-family [...]
Houston home sales were up in January for the first time since June 2010 when sales activity from the homebuyer tax credit ended. Houston Association of Realtors reported that a total of 2,766 single-family homes changed hands last month, up 7.5% from the 2,572 homes sold a year prior. Total property sales also rose to [...]
Harris County is one of the areas where resuming of the foreclosure process didn’t affect too much the housing inventory. The number of commercial and residential properties that went back to their lenders dipped at a recent foreclosure auction, though more properties were posted for foreclosure than earlier in the year. The numbers are the [...]
Houston Association of Realtors published their report regarding the local housing market, saying that statistics tracked by them rose almost across the board in January, as the signs of recovery’s continued health continued to appear. Houston registered its first monthly increase in property sales since June 2010, the HAR reported. The average price of a [...]
Sonrisa Realty GP LLC, Sonrisa Properties Management and Randal Hall, the president of the two companies are facing a lawsuit for defaulting o$8.2 million loan given by Compass Bank. The lawsuit was filed in January 2010 when Tanger Factory Outlet Centers announced in January plan to build a 95-store outlet mall west of Interstate 45 [...]
Coral Gables Apartments’ 318 unit have now a new owner after the development was foreclosed on. The 13-acre multifamily complex is located at 10522 Beechnut and it enriched the CG Properties LLC, a Houston-based private capital company’s real estate portfolio. CG Properties used a bank loan a bridge financing to buy the property from an [...]
Houston-Sugar Land-Baytown, Texas commercial and residential foreclosures jumped by a big margin last year. The area recorded its highest increase in foreclosure activities among the biggest metropolitan regions in the country. Houston area totaled 35,816 foreclosures in 2010, which represents a 26% rise compared to 2009. One household out of every 62 was in some [...]
The first month of the year brought less foreclosures in Harris County than December. The reports talk about a total of 837 properties going back to their lenders at the January 4 foreclosure auction, which means a 33% drop from the 1,241 properties that were foreclosed on in December, the Foreclosure Information & Listing Service [...]
