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October 2009 - Posts
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WASHINGTON (U.S. Department of Housing and Urban Development) – The Obama Administration yesterday announced a new initiative for state and local housing finance agencies (HFAs). It will help support low mortgage rates and expand resources for low- Read More...
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HOUSTON (Houston Business Journal) – Texas foreclosures rose 17 percent between August and September, with 13,216 default notices, scheduled auctions and bank repossessions filed last month. Year over year, foreclosures were up 43.7 percent in September, Read More...
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COLLEGE STATION (Real Estate Center) – Three things have to happen before the current recession can be declared ended. One is underway, said Dr. Mark Dotzour, chief economist for the Real Estate Center at Texas A&M University. "I think Read More...
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DALLAS ( Dallas Morning News ) – Even with new home sales in North Texas continuing to slow, cutbacks in new home construction over the past couple of years could result in a new-home shortage come 2010. Builders have sold almost 13,000 more houses Read More...
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DALLAS ( Dallas Morning News ) – North Texas apartment occupancy fell in the third quarter, as did its average rent when compared with October 2008 figures, according to Carrollton-based MPF Research Inc. The apartment analyst firm reported a 4.1 Read More...
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SAN ANTONIO ( Associated Press ) – Anheuser–Busch InBev has sold SeaWorld San Antonio — along with the nine other theme parks under Busch Entertainment Corp. — to private equity firm Blackstone Group for $2.3 billion in cash. Busch Read More...
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DALLAS ( Associated Press ) – An Environment Texas Research and Policy Center study released last week found that if 10 percent more “net-zero” houses were built each year for the next decade, and all new homes were built that way by Read More...
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DALLAS ( Dallas Morning News ) – The Arts Apartments by Jefferson is currently under construction in the Arts District. The six-story apartment building at Ross Ave. and Routh St. is next door to the One Arts Plaza tower and across from the AT&T Read More...
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SOUTH PADRE ISLAND ( Island Breeze ) – The South Texas resort island community, still recovering from damage sustained last year during Hurricane Dolly, is getting a new hotel. The 156-room Hilton Garden Inn Beach Resort is the first major full-service Read More...
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DALLAS ( Hotels.com ) – The average cost to stay in a hotel in Texas is 9 percent lower than last year, according to the Hotel Price Index, compiled by Hotels.com. The average price per room per night was $109 across the state from January through Read More...
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DALLAS ( Dallas Morning News ) – Value of Dallas–Fort Worth area commercial properties have declined, and as a result, a rising number are facing foreclosure. "Every commercial real estate building in the nation has lost 30 percent of Read More...
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ROSCOE ( Abilene Reporter News ) – Phase IV of the Roscoe Wind Complex began operation Thursday, making it the world’s largest functioning wind farm. Equipped with 627 turbines capable of generating more than 780 megawatts, the wind farm is Read More...
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COLLEGE STATION (Real Estate Center) – The latest Texas employment figures show a continuing downward trend. The Texas economy lost 295,400 nonfarm jobs from August 2008 to August 2009, an annual job loss of 2.8 percent. The U.S. economy took a Read More...
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DALLAS ( Dallas Morning News ) – Area office occupancy declined by 650,000 sf in the third quarter, pushing up overall vacancy to 22.7 percent, according to preliminary statistics released yesterday by CB Richard Ellis. Accompanying the highest Read More...
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DALLAS ( Dallas Morning News ) – Almost 6,000 area homes are scheduled for foreclosure auction next month, a 34 percent increase from a year ago, according to Addison-based Foreclosure Listing Service. This brings the number of foreclosure postings Read More...
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