Residential Real Estate news

Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com

• San Antonio’s housing market gaining strength
  More news about the improved state of the city’s residential sector. Houston-based Metrostudy, a leading residential research firm, has released its latest newsletter highlighting San Antonio’s housing market. One takeway from that document — the market is off to a strong start in 2013. “Homebuilders entered 2013 with strong demand and low inventory levels spurring the need for increased levels of construction.” states Randall Allsup, regional director of Metrostudy’s San Antonio office. A…
  
  
  
  
• What makes Sacramento such a hot real estate market?
  All the listed reasons — low inventory, high demand, potential for appreciation — make Sacramento not just one of the hottest, but fastest residential real estate markets at the moment, according to brokerage firm Redfin. More than half — 52 percent, to be exact — of all homes that went on the market in Sacramento had a pending sale within two weeks in April, according to Redfin, good enough for fourth on the list of 22 cities Redfin tracks for such trends. In addition, 29 percent of the…
  
  
  
  
• Do Toll Brothers revenues mean good things for housing?
  The second quarter was good for Toll Brothers, Inc. (NYSE:TOL). The home builder announced that net income was $24.7 million compared $16.9 million in the second quarter of 2012. Pre-tax income was $41 million, compared to pre-tax income of $15.6 million in FY 2012’s second quarter. “Demand accelerated significantly this quarter,” said Douglas C. Yearley, Jr., Toll Brothers’ chief executive officer. “Pricing power and stronger sales drove our agreements up 57 percent in dollars and 36…
  
  
  
  
• Bank of America sues Sedano’s CEO, former U.S. Century Bank directors
  Bank of America filed a lawsuit against three former directors of U.S. Century Bank, two of whom are executives at Sedano’s Supermarkets, over a land loan in Florida City. BofA (NYSE: BAC) filed the lawsuit on May 13 in federal court in Miami against GREC Homes IX LLC, Agustin Herran, Rosiel Herran, Armando Guerra, Maria C. Guerra, Manuel Herran, Nyria Herran, Emiliano Herran and Mirian Herran. It seeks to enforce personal guarantees on a mortgage with $17.4 million in principal outstanding. Manuel…
  
  
  
  
• Wichita Realtors pitching in to help in tornado relief; supplies, donations sought
  The Wichita Area Association of Realtors and its Community Involvement Committee are lending a hand, literally and figuratively, to help ease some of the suffering in Moore, Okla., from this week’s EF-5 tornado. WAAR is working with the Oklahoma City Metro and Midwest City-Del City-Moore associations of Realtors to collect emergency supplies for the 10-plus Oklahoma Realtors and their families who lost their homes and the many others affected by the tornado, says Tessa Hultz, WAAR’s CEO. Hultz…
  
  
  
  
• Christian Slater purchases Coconut Grove home for $2.2M
  Actor Christian Slater has purchased a Coconut Grove home for $2.2 million, Coldwell Banker Residential Real Estate announced. Built in 1928, Villa Dolce Far Niente is a four-bedroom, three-and-a-half-bath Old Spanish-style home that features a gourmet kitchen with marble floors and arched mahogany French doors that lead out to a patio area and pool. Taylor Corey with Coldwell Banker’s Coral Gables office represented Slater in the purchase.
  
  
  
  
• Bernanke: No rate hike... Kohl's hires Starbucks president... Musial's $1.8M house for sale... Marketing Elvis, Ali (Video)
  Business news from around the Web: Bernanke says premature tightening would endanger recovery (Bloomberg)Judge: Hollister, Abercrombie clothing stores are unfriendly to disabled (USA Today)Kohl's hires Starbucks president as 'chief customer officer' (Puget Sound Business Journal)Stan Musial's home goes up for sale for $1.8 million (St. Louis Business Journal)Milwaukee Brewers mascot gets its own themed beer (Milwaukee Business Journal)Fox reality show puts employees at risk of being fired on television…
  
  
  
  
• Jacksonville home sales trump Florida average
  Statewide single-family home sales are up 17.4 percent from a year ago, Florida Realtors reported Wednesday. The statewide sales mark was trumped in some markets, including Jacksonville. Single-family home sales jumped 32 percent in Jacksonville in the comparison of April 2013 to April 2012 numbers; 24.5 percent in the Tampa-St. Petersburg region; 46 percent in Tallahassee and 35.5 percent in Okaloosa County. Sales increases were less pronounced in the southern half of the state, where median sales…
  
  
  
  
• Deadline to protest BernCo property tax assessments nears
  Bernalillo County property owners who have questions about their property valuations have until May 30 to protest their assessments. The county assessor mailed out notices of value May 1, and the period to protest that notice ends May 30. To assist property owners with questions and in filing protests, the assessor’s office is hosting sessions in the Albuquerque area May 23 for those that want to meet with assessor and treasurer staff members. While the assessor’s office determines what a property’s…
  
  
  
  
• Boom in U.S. April home sales mirrors local stats
  The U.S. residential industry boomed in April, with existing home sales rising 0.6 percent to 4.97 million units, the highest level in about three and a half years. A key component — sales of single-family homes — increased 1.2 percent for the month. The data was released by the National Association of Realtors Wednesday. Home price data logged a rise of 4.8 percent in April, following a 6.2 percent increase in March to an average $192,800, the highest level of the recovery. With prices increasing,…