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Real estate news in Atlanta

Oil Hits 6-Year Low, Houston Developers Hold Their Breath

On Aug. 24, after China sharply devalued its currency, U.S. oil benchmark West Texas Intermediate crude fell to $38.24 per barrel – its lowest point in six years. WTI inched its way back in the days following, but remains

Mondrian Condo to Replace Museum

Oxberry Group is planning to build a condominium in former place of The John C. Freeman Weather Museum. The museum relocated in 2o14. The condo will be called the Mondrain and is expected to be eight stories high and have 20

Texas Home Prices Remain Strong in Case-Shiller Indices

Home prices continue to rise nationally, but what about the local housing market? Home prices in the Dallas metro area rose 0.9 percent from May to June and 8.2 percent from June 2014, according to the new Case-Shiller Home Price Indices from Standard

$700 Million-Plus in School Construction Projects on November’s Ballot

Come November 4, residents from two Houston suburbs will decide whether to provide the funding necessary to move forward with a handful of major school construction projects. Last week, two bond proposals were approved by the boards of trustees representing

CoreLogic: Houston’s Cash Sales Share Falls Below 30 percent

National cash sales continued their descent in May, a new report released today from CoreLogic showed. For 29 months, all-cash buyers have been leaving the market, as marked by continual year-over-year decreases in market share. In May, cash sales

Sims Luxury Builders Capitalizes on Condo Sales Surge

The building situation is approaching dire for the lower end of Houston’s market, but as with several markets around the country, luxury sales are up, which means more higher end building. According to the Houston Association of Realtors, in

Houston Sales Volume Hits Highest Point Ever

In 2014, Houston homes prices and sales set records as the market continued showing signs of strength despite concerns regarding oil prices. In July, and for the second consecutive month, sales and prices surpassed that record-breaking pace, according to

CoreLogic: Houston Sets National Foreclosure Standard

Today, CoreLogic released its June 2015 National Foreclosure Report, and the big reveal was foreclosures are still dropping – so not much of a surprise. For another month, national foreclosures fell, with inventory dropping 28.9 percent year-over-year from a

10 Houston Area School Districts with the Highest Graduation Rates

The Hechinger Report recently released the graduation rates for nearly every school district in the U.S. The data, which draws from the 2013 graduating class, broke down the numbers past the typical statewide average. We took a closer look

CoreLogic: Houston’s Distressed Sales Fall Below National Levels

CoreLogic’s May distressed sales report shows lowest levels since 2007 CoreLogic recently released a new report detailing the state of the distressed sales market in the U.S. for May, and for another month, both real-estate owned (REO) and short

Why Houston Renters are Not Buying Homes

Rising rents, new research shows, are not an incentive to buy a house Renters in the Houston metro area are spending substantially more money on their monthly rent than is historically the case. That was the finding of a new

Small Houston Homebuilder Adds Inventory

In one of Houston’s most expensive neighborhoods to buy a home, the Rice Military neighborhood near Memorial Park, local luxury homebuilder Lifetime Homes has launched two new residential projects: The Lifetime Villas at Snover and The Lifetime Villas at

The Garrett Cos. Plans Luxury Complex

The Garrett Cos. has announced plans to build a multifamily luxury apartment complex alongside the West Lake Houston Parkway as a part of a deal brokered between The Garrett Cos. and Rampart. The Garrett Cos purchased 17.7 acres of

Houston’s Construction Market Drops From No. 1

Twelve months ago, residential construction in Houston was booming. Since 2009, the city has been widely recognized as the nation’s busiest metro market for home construction. However, after a 50 percent dip in oil prices, the city has slipped from

Home Prices May Surge Around New Katy Park

More green is coming to Katy, as the Willowfork Drainage District moves forward with Phase II of it parks master plan. Situated west of Grand Parkway and north of Cinco Ranch High School, the drainage district, in coordination with

D.R. Horton Builders Moving Headquarters to Arlington

D.R. Horton, the largest homebuilding company in the nation, recently announced that its headquarters is moving from Fort Worth to Arlington. On six acres along Interstate 30, D.R. Horton will construct 150,000 square feet of office space for the