Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com
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H-E-B ready to expand its footprint in Dallas
H.E. Butt Grocery Co. (H-E-B), the hometown name in the grocery game, is setting its sites on the Dallas/Fort Worth Metroplex.
Tax credit fails to help in tight housing market
Denver-area residential brokers are happy the federal government extended its homebuyer tax credit program in early November, saying it shows the Obama administration is continuing efforts to stimulate the economy and restore consumer confidence.
?Silver lining? lures gold to buy, restart Plaza condo project
Resource Real Estate Inc., a Philadelphia-based company that buys and manages distressed multifamily projects, has invested about $110 million in bargain properties since the economy turned south in late 2007.
DEAL OF THE WEEK: Condominiums at Courtney Park
The U.S. division of an Israeli company purchased 115 apartment units in Lake Worth at a 44 percent discount to Bank of America?s foreclosure judgment on them.
Creative condo financing: High restrictions reduce lending options
In a lending environment one veteran mortgage lender describes as ?out of control,? finance options for condominium buyers are now so constricted that developers and mortgage bankers are getting creative to get newer properties sold or simply occupied.
Investors acquire area apartments for $11.5M
Two local apartment complexes, including one of the largest in the Dayton area, have been bought for $11.5 million by a Connecticut-based real estate investment firm.
RAIT taking positive steps
After having been rocked by the housing bubble and its impact on residential mortgage markets, RAIT Financial Trust has restructure itself to emerge stronger.
Trend in entertaining transforms backyards into outdoor ?rooms?
Moving to Houston from sunny San Diego in 2008, Glenn Phillips, a recently retired Chevron Corp. employee, was accustomed to spending much of his leisure time outdoors.
Opinions vary on whether local housing market has hit ?bottom?
At $156,200, the median sales price for single-family homes in Houston rose for the fifth consecutive month last month ? up 2 percent from the same period in 2008, according to the Houston Association of Realtors.
Briefs: KB plans to build in Tuscan Lakes
KB Home is planning to build in the Southeast Houston-area community of Tuscan Lakes.
Chase welcomes home mortgage lenders with hiring spree
The banking arm of JPMorgan Chase & Co. is set to add 30 mortgage loan officers in the Houston area as part of a national hiring campaign to ramp up residential lending operations.
Comstock liquidates, leaves troubled housing market
A regional home builder is liquidating its assets through the bankruptcy courts as it exits the troubled metro Atlanta market, which is showing some signs of recovery. (PHM) (RYL)
Ex-Kettler execs latest to start real estate venture
Former Kettler execs Rick Hausler and Mike Blum have been a force behind some of the Washington region?s largest and flashiest developments.
Hope SF to start work on 6,000 units of housing
The John Stewart Co. will start work next month on the $77 million phase one of Hunters View, the first step in the city?s sweeping plan to transform 2,500 units of run-down public housing in four parts of the city into new mixed-income neighborhoods with 6,000 units.
Low inventory could benefit condo builders
San Francisco?s inventory of new condos will sink to 234 units next year and just 136 units by November 2011, creating a ripe opportunity for developers able to obtain construction loans and build quickly, according to a report from the Polaris Group.
First-time buyers account for nearly half of home sales
WASHINGTON ? Thanks in part to an $8,000 tax credit, first-time buyers accounted for a record 47 percent of all home purchases this year, according to the National Association of Realtors.
Classic home has touches showing its feminine roots
For $3.7 million, 24 Highland St. in Cambridge offers 5,044 square feet of classic living for the contemporary lifestyle: high ceilings, large windows, seven fireplaces, flexible floor plans, easy room-to-room traffic flow, spacious nooks and crannies, a wraparound yard, and old-world craftsmanship.
Money goes to complex deals in Charlotte
In a down real estate market, investors see some signs of life in apartment properties, and that optimism is showing up in Charlotte.
DeBoer lowers WaterWalk condo prices to help buyers jump financing hurdles
In taking over sole ownership of the downtown WaterWalk development, Jack DeBoer also takes reign of a condominium building that has faced steep odds during the past year because of a lackluster housing market and trouble in the mortgage industry.
Triad builders, banks say TARP funds are helping
Rich Achor likes every home he builds through his Yadkinville-based firm Arena Builders. But he won?t be sorry to say goodbye to the story-and-a-half cluster home in The Village at Fair Oaks in Clemmons when its sale closes Monday.
VJS sells share of Germantown project
VJS Development has sold off shares of its Blackstone Creek Land Co. in Germantown to several new investors for $7.2 million.
Tax credit extension a boon to real estate
The extended federal homebuyer tax credit and a new tax credit for existing homeowners is like an early Christmas gift to those working in Austin area residential real estate.
No one pays to build bigger ? they just ask
An interim city program allowing taller buildings to be approved downtown, in return for developers paying into Austin?s affordable housing program, hasn?t had one taker since it was established last year. And a provision that enables developers to gain approval for such buildings while bypassing contributions to the affordable housing fund may be abolished.
Nashville real estate agents look for signs of recovery in high-end home market
The Nashville real estate market recently was buoyed by news that, for the first time in three years, year-over-year home sales increased in October.
Retrofit of Los Altos Hills landmark recreation center will include LEED certification
Rather than tear down the historic Westwind Barn, Los Altos Hills decided to retrofit the 60-year-old landmark that serves as the town?s recreational center.
San Antonio makes testing for leaks in AC ducts part of code
How do you know if your new home air-conditioning ducts are leaking expensive energy into your attic?
New FHA rules could help condo market ? for now
New Federal Housing Administration rules promise relief for some badly stressed condo projects ? but mortgage and real estate brokers said the impact could be short-lived.
Homebuilders return, scramble for prime sites
For a moment last month, Jim Bagley thought it was 2005 again. (PHM)
