104 posts categorized "Real estate"


Area home price increases in September outpace nationwide figure

Fort Worth-Arlington home prices increased 7.4 percent in September from a year ago, nearly 2 percentage points higher than home prices nationwide, according to the latest monthly market report from CoreLogic.

Texas home prices rose 8 percent in September, recording a new high for the month. Texas was among Colorado, Nebraska, North Dakota and South Dakota to report new highs in home prices.

U.S. home prices rose 5.6 percent from a year ago, which marks 31 consecutive months of year-over-year increases, CoreLogic said.

In September, though, the number of lower priced homes was up 9.4 percent, but higher-priced homes were up only 4.5 percent, signaling a change in the market, CoreLogic said.

“Home prices continue to rise compared with this time last year, but the rate of growth is clearly slowing as we exit 2014,” said Anand Nallathambi, CoreLogic’s president and CEO, in a statement. “With more positive macro-economic trends emerging in the U.S., we are forecasting moderate price growth for 2015.”

_ Sandra Baker


Land services firm moving downtown from west side

Norwood Land Services has leased space in the Oncor Building in downtown Fort Worth where it will relocate to in mid-October.

The company has leased 7,920 square feet on the 13th floor of the building at 115 W. 7th St. The company will move from  6421 Camp Bowie Blvd.

Casey Tounget and Theron Bryant with Coldwell Banker Commercial Alliance DFW represented the landlord, Benbrooke Electric Partners. Bill Tinsley with Ellis & Tinsley represented the tenant.

The building is now 93.5 percent occupied, Tounget said.

“Downtown Fort   Worth is always going to be a hot market,” Tounget said. “The walkability factor certainly weighed on Norwood Land Services' decision to move into the downtown.”

_ Sandra Baker



Goodwill Industries of Fort Worth buys building for expansion

Goodwill Industries of Fort Worth said Friday it has bought the former DP&P Construction building located at 2514  Mansfield Highway, adjacent to its headquarters at 4005 Campus Drive.

The organization said its contracts workshop and day-habilitation center will be relocated to the 7,000-square-foot building to ease a bottleneck in their donation and distribution warehouse, and allow for expansion of their recycling and retail operations.

David Cox, Goodwill Industries president and CEO, said the organization is “busting at the seams.”

 “In last two years alone, we’ve opened three new donation centers, one new retail store - with another in the planning stages, rebranded and reopened the Job Resource Center and expanded our recycling program,” he said in a statement.  

_ Sandra Baker


Fewer Fort Worth-Arlington homeowners under water on their mortgages in the second quarter


The number of home owners with mortgages in negative equity in the Fort Worth-Arlington area continues to fall, and stood at 2.7 percent in the second quarter, well below the national number of 10.7 percent, according to a CoreLogic report.

Locally, 10,316 residential properties, or 2.7 percent, with a mortgage were in negative equity, meaning more was owed on the house that it is worth. That compares to 13,137 properties, or 3.4 percent, in the first quarter, CoreLogic said.

CoreLogic, a leading provider of property information, analytics and data-enabled services, said 5.3 million homes, or 10.7 percent of all residential properties with a mortgage nationwide, were in negative equity in the second quarter. That compares to 7.2 million homes, or 14.9 percent, in the same quarter a year ago.

"Many homeowners across the country are seeing the equity value in their homes grow, which lifts the economy as a whole," said Anand Nallathambi, president and CEO of CoreLogic, in a statement. "With more and more borrowers regaining equity, we expect homeownership to become an increasingly attractive option for many who have remained on the sidelines in the aftermath of the great recession."

_ Sandra Baker


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


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


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


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


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


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


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