100 posts categorized "Real estate"

09/02/2014

Fort Worth-Arlington home prices rise 8.3 percent in July

Fort Worth-Arlington home prices rose 8.3 percent in July from a year ago, according to the latest CoreLogic Home Price Index.

The increase includes sales of distress properties. Home prices were up 0.9 percent in July from June, CoreLogic said.

Home prices nationwide increased 7.4 percent in July from July 2013, representing 29 months of consecutive year-over-year increases.  On a month-over-month basis, home prices nationwide increased 1.2 percent in July from June.

Texas was among 11 states reaching new highs on the index, which dates to 1976, CoreLogic said.

"Home prices continued to march higher across much of the U.S. in July,” said Anand Nallathambi, president and CEO of CoreLogic. “Most states are reaching price levels not seen since the boom year of 2006. Our data indicates that this trend will continue, with more states hitting new all-time peaks this year and into 2015 as the recovery continues."

_ Sandra Baker

08/05/2014

Fort Worth-Arlington area home prices rise again in June

Fort Worth-Arlington home prices rose 8.5 percent in June from a year ago, according to the latest monthly home price report from CoreLogic.

On a month-over-month basis, home prices increased 0.9 percent in June from May.

CoreLogic, a leading property information and analytic provider, said home price nationwide increased 7.5 percent in June, representing 28 months of consecutive year-over-year increases.

On a month-over-month basis, home prices nationwide rose 1 percent in June from May. CoreLogic said it is anticipating home prices rising 0.7 percent from June to July and another 5.7 percent from June to June of next year.

"Home prices are continuing to rise fueled by ongoing tight supply, low rates and aggressive investor buying on the East and West Coasts," said Anand Nallathambi, president and CEO of CoreLogic. "The expected surge in the number of homes for sale has not materialized to date as many homeowners are staying put and waiting for better economic times and higher prices in the future."

_ Sandra Baker

07/22/2014

Fort Worth-Arlington mortgage delinquency and foreclosure rates dropping

The percentage of mortgage holders in Tarrant and five adjacent counties delinquent on their payments at least three months fell to 3.7 percent in May, compared to 4.1 percent in the same month last year.

The foreclosure rate in the same area was 0.77 percent in May, down from 1.2 percent in May of 2013, according to CoreLogic.

The delinquency rate, the percentage of all mortgages 90 days or more late, fell below 4 percent in March and stayed there since.

Nationally, the deliquency rate stood at 4.4 percent and the foreclosure rate at 1. 7 percent, CoreLogic said.

The local rate includes data from Tarrant, Parker, Hood, Johnson, Sommervell and Wise counties.

_ Sandra Baker

07/01/2014

Area home prices up 8 percent in May, says CoreLogic report

Fort Worth-Arlington home prices rose 9 percent in May compared to a year ago, said CoreLogic market data firm said Tuesday.

On a month-over-month basis, prices rose 1.3 percent in May from April.

Nationwide, home prices rose 8 percent in May. And on a month-over-month basis, prices increased 1.4 percent in May over April, CoreLogic said.

Texas was among 10 states to see new home price highs, CoreLogic said.

“Home prices are continuing to climb across most of the country which has both positive and negative implications for the housing market," said Anand Nallathambi, CoreLogic’s president and CEO.  "While the rapid rise in prices over the past two years has lifted many homeowners out of negative equity, it has also become a negative factor in buying decisions for prospective purchasers weighing affordability concerns. As we move ahead, a moderation in home price increases over the next twelve months should help cool things down a bit and keep the housing recovery going."

_ Sandra Baker

06/03/2014

Fort Worth-Arlington existing home prices up 8.7 percent in April

Fort Worth-Arlington existing home prices increased 8.7 percent in April compared to a year ago, according to the latest CoreLogic market report released today.

On a month-over-month basis, local home prices increased by 1.4 percent in April from March, CoreLogic said.

Nationwide, home prices increased 10.5 percent in April, representing 26 months of consecutive year-over-year increases, CoreLogic said.

“Home prices are continuing to rise as we head into the summer months,” said Anand Nallathambi, CoreLogic’s president and CEO. “The purchase market continues to suffer from a dearth of inventory which we expect will continue to drive prices up over the year.”

_ Sandra Baker

05/15/2014

Bealls headed to Grapevine Towne Center anchor spot

Bealls, a Texas-based department store offering nationally recognized name-brand and private-label apparel, accessories, cosmetics and footwear, is now open as an anchor at GrapevineTowne Center.

The retailers has leased 25,000 square feet in the shopping center at the intersection of Texas 114 and William D. Tate Avenue in Grapevine. It is relocating from a location on Northwest Highway.

The shopping center opened in the mid-1990’s.

“Bealls brings a long history of quality retailing to GrapevineTowneCenter, and they are a key element in the evolving tenant mix of this outstanding retail property,” said Herbert D. Weitzman, chairman/CEO of The Weitzman Group and Cencor Realty Services, in a statement.

The Weitzman Group leases the center, and Cencor Realty Services manages it.

Bealls joins a number of concepts that have recently opened at GrapevineTowneCenter, including eatZi’s Market & Bakery, Big Lots, which opened its upscale concept in an anchor space in the center; and Sprint, which opened a new-generation store.

_ Sandra Baker

05/05/2014

Jetta Operating looking at new quarters in downtown Fort Worth

Anthracite Realty Partners, a real estate development firm owned by Jetta Operating President Greg Bird, has agreed to buy a downtown lot from The Fort Worth Club for an office building that would serve as Jetta's new headquarters. The energy producer has had offices in the Fort Worth Club Building since 1991. The property, now a parking lot, is three-quarters of a block bounded by Taylor and Lamar streets on the east and west, and by Sixth and Fifth streets on the north and south. FWC bought the property from the Star-Telegram in 2008. The sale is expected to close by the end of June pending due-diligence review. Terms were not disclosed. Bennett Benner Partners, a Fort Worth architectural firm, will handle the review and initial planning. The building under consideration would include some retail space and also a parking garage.

"Fort Worth has always been Jetta's home, and we are delighted about the potential of this new downtown Fort Worth development," Bird said in a prepared release, which said the intent is to develop a Class A multiuse office building. The release also quotes FWC President Tim Carter as saying the club "is excited about this opportunity to be able to provide our members, tenants and guests with access to additional secure and convenient covered parking." FWC already owns a 300-space parking garage attached to its building at 306 W. Seventh St.

-- Jim Fuquay

03/31/2014

Area foreclosure and mortgage deliquency rates dropping, says CoreLogic

The number of mortgage holders in the six-county Fort Worth-Arlington region at least 90 days delinquent on their loans dropped again in January, according to CoreLogic real estate data firm.

In January, the latest month available, 4.15 percent of the mortgages were late, compared to 4.59 percent a year ago, CoreLogic said.

The foreclosure rate in the area was 0.9 percent, compared to 1.25 percent in January 2013. The foreclosure rate represents the rate of foreclosures among outstanding mortgages.

The national delinquency rate in January was 4.93 percent, down from 6.36 percent a year ago.

The national foreclosure rate in January was 1.97 percent, compared to 2.9 percent a year ago.

The area numbers include data from Tarrant, Wise, Parker, Johnson, Hood and Somervell counties.

_ Sandra Baker

03/20/2014

Texas Capital Bank moving its downtown Fort Worth branch to One City Place

Dallas-based Texas Capital Bank this summer will move its downtown Fort Worth operations a couple blocks to the north, to One City Place at 300 Throckmorton St., becoming the first tenant in the recently renovated office building.

The bank has signed a 10-year lease for 20,000 square feet of office space, which includes a banking center on the first floor and commercial offices on the second floor. The 19-story building is part of the former Tandy Center and was last used by RadioShack for its headquarters. RadioShack sold the property in 2005.

The bank’s downtown operation has 30 employees and is currently located in The Tower, at 570 Throckmorton St. 

“One City Place is the perfect location for the Best Business Bank in Texas and we are looking forward to a bright future there alongside our clients and employees” said Jeff Moten, Texas Capital Bank’s Fort Worth regional president in a statement.

In February, PCCP, a real estate finance and investment management firm, said it was loaning $41.5 million to Spire Realty for tenant finish-out work in the 313,953-square-foot building.

Spire Realty bought the property in 2011, part of the 1.2 million-square-foot, three building City Place development. 

Terry Quinn, Eddie Tillman and Parker Handlin with Avison Young represented Texas Capital Bank. Matt Carthey and Geoff Shelton with Holt Lunsford Commercial represented the landlord, Spire Realty Group in Dallas.

_ Sandra Baker

03/04/2014

Fort Worth-Arlington home prices rise nearly 9 percent in January, says CoreLogic

Fort Worth-Arlington home prices rose 8.6 percent in January from a year ago, according to the latest CoreLogic Home Price Index released Tuesday.

Home prices nationwide increased 12 percent in January in the index, which shows 23 months of consecutive year-over-year increases, CoreLogic said.

Texas, Louisiana and Nebraska set new record high home prices peaks in January, the report said.

 "Polar vortices and a string of snow storms did not manage to weaken house price appreciation in January," said Mark Fleming, CoreLogic’s chief economist. "The last time January month-over-month and year-over-year price appreciation was this strong was at the height of the housing bubble in 2006."

Anand Nallathambi, CoreLogic’s CEO, said home prices should continue to increase, particularly in the spring selling season.

“Excluding distressed sales, all 50 states and the District of   Columbia showed year-over-year home price appreciation for January. "

_ Sandra Baker

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