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Category Archives: Residential

New CEO Named to Lead Massive realtor.com Website

NEW YORK – News Corp. has named Ryan O’Hara as Chief Executive Officer of Move, Inc., the operator of realtor.com, the official listing website of the National Association of Realtors. O’Hara will replace CEO Steven Berkowitz, who has led the company since January 2009. News Corp acquired Move, a leading provider of online real estate services, including realtor.com, last month ... Read More »

Oil Price Crash Will Cause a 10 to 12 Percent Drop in Home Sales in 2015, Houston Association of Realtors Says

HOUSTON – Houston Association of Realtors is predicting a 10 to 12 percent decline in home sales in 2015 because falling oil prices will hurt the local housing market. Falling oil prices could reduce job creation in Houston next year to only 65,000 new jobs – almost half of the 120,000 new jobs Houston gained in 2014, the Realtors association ... Read More »

Corpus Christi MLS Launches New Website

CORPUS CHRISTI, Texas — Homebuyers in Corpus Christi will now be able to shop for houses online a little easier and know if the properties they like qualify for down payment assistance. The Corpus Christi Association of Realtors launched a new version of its MLS website, www.Coastalbendlifestyle.com, which includes updated search capabilities, user-friendly sorting systems, optimized mobile viewing, and the ... Read More »

David Weekley Homes Enters Nashville Market

NASHVILLE – David Weekley Homes, the nation’s largest privately-held home builder, is entering the Nashville market. Houston-based Weekley expects to begin construction either late fourth quarter of this year, or early first quarter of 2015. “The growth and economic development in Nashville has attracted the attention of regional and national developers to begin new communities in the city,” said David ... Read More »

Howard Hughes Developing Two Condo Towers in Hawaii

HONOLULU – Howard Hughes Corp. has secured a $600 million non-recourse construction loan from Blackstone Real Estate Debt Strategies for the development of Waiea and Anaha, the first two condominium towers at Ward Village. The financing was arranged by Randy Fleisher with the Dallas Capital Markets group of JLL. The two condo towers will have a combined total 482 units, plus retail space. ... Read More »

All-Cash Home Buyers: Houston, San Antonio Lead Nation in Gainers

HOUSTON – If cash isn’t king in Texas home buying, then it’s at least the Crown Prince of the Texas home market. According to a third quarter study by RealtyTrac, all-cash home purchases accounted for 32.4 percent of Texas home sales compared to 21.5 percent a year ago. Houston led the nation, followed by San Antonio, as the nation’s biggest ... Read More »

Economist: Sellers Market in Texas Will Continue for a Long Time

AUSTIN – With the inventory near record lows, sellers are going to control the Texas housing market for a long time, a Texas economist said in report by the Texas Association of Realtors. Many consider a balanced housing market when the inventory stands at a 6 months supply. When the supply is much lower, it’s a sellers market; when reaches ... Read More »

Toll Brothers Developing 692-acre Community Near New Exxon Mobil Campus North of Houston

HOUSTON – Toll Brothers is developing the 692-acre Woodson’s Reserve community north of Houston on the route of the new extension of the Grand Parkway – not far from the new 385-acre Exxon Mobil campus. Three home builders, Toll Brothers, Perry Homes and Meritage Homes will open for pre-sales in Woodson’s Reserve in early 2015. The site is on Riley Fuzzel Road, ... Read More »

Texas A&M’s Dotzour: Labor Shortage Keeping a Lid on Texas Construction Boom

HOUSTON – A lack of construction labor is restraining the Texas housing market, says Dr. Mark Dotzour, chief economist for the Texas A&M Real Estate Center. “We have a major labor shortage in the construction industry across the state,” Dotzour said in a speech to the Entrepreneurs Organization Thursday evening. The inventory of homes for sale is exceptionally tight in ... Read More »

RNR Home Building Briefs

FREDERICKSBURG, Texas — Boot Ranch, a luxury ranch community in the Texas Hill Country, has reported an eight-year record high for home and property sales due to an influx of discretionary funds from the region’s energy boom. Boot Ranch Phase I reports it completed $13.8 million in totals sales in 2014 year to date, with a total of 16 homes ... Read More »

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