NewsTalk Texas RSS NewsTalk Texas compiled by the Real Estate Center at Texas A&M University

  • Texas mortgage delinquencies a mixed bag in 4Q2020
    on February 26, 2021 at 6:00 pm

    ​​AUS​TIN – ​Over 264,900 Texas mortgages were past due in fourth quarter 2020, according to data from the Mortgage Bankers Association. Of those mortgages, around 14,700 are 90 days past due.  The overall delinquency rate had jumped in first quarter 2020 before trending downward the rest of the year.  The number of foreclosures started and housing inventory also trended downward last year.  Mortgages 30-59 and 60-89 days past due fell from third quarter 2020. In contrast, mortgages 90 days or more past due increased because this data set includes mortgages that are in forbearance.  "We don’t know the number of households in forbearance that will be able to make mortgage payments once forbearance ends," said Texas Real Estate Research Center Research Economist Dr. Luis Torres. "If they cannot pay their mortgages going forward, and given the low months of inventory of homes available for sale, they would be able to sell their homes quickly with a gain while avoiding foreclosure procedures.  "This is very different than the housing boom and bust of 2006-07, when home prices fell and households found themselves underwater on their mortgages." Nationally, the mortgage delinquency rate fell last quarter to 6.73 percent.  The Texas Real Estate Research Center has more news like this: 2021 Texas Housing & Economic Outlook​ Texas Housing Insight Home Price Index ​Source: Mortgage Bankers Association

  • G-Global inks 38.4K-sf El Paso industrial lease
    on February 26, 2021 at 6:00 pm

    ​​EL PASO – G-Global has signed a 38,400-sf full-building lease at 9660 Joe Rodriguez Dr.  CBRE represented the tenant and landlord, a partnership between Equity Industrial Partners and Raith Capital Partners. The Texas Real Estate Research Center has more news like this: "El Paso: Military and Manufacturing's Influence on Housing" Texas Border Economy​ El Paso real estate news ​​Texas Quarterly Commercial Report Podcast 441: You better El Paso up ​Source: REBusiness Online

  • Cacique Food planning $88M manufacturing plant
    on February 26, 2021 at 5:00 pm

    ​AMARILLO – Cacique Food is building an $88 million, 180,000-sf manufacturing plant on 55 acres near Farmers Ave. and S. Georgia St.  The city will discuss financial incentives at a hearing in late March. The Real Estate Center has more news like this: "Shifting Winds: Amarillo's Housing Market Slowdown"​ Amarillo real estate news ​​Texas Quarterly Commercial Report ​Source: News Channel 10

  • Meritage Homes planning 700 homes in Cibolo Hills
    on February 26, 2021 at 5:00 pm

    ​FORT WORTH – Meritage Homes is partnering with Trophy Signature Homes to build a residential community off US 287 near Eagle Mountain Lake. Called Cibolo Hills, the co​mmunity will have 700 houses that start from the $280,000s and range from 1,394 to 3,050 sf. The community will include parks, walking trails, open spaces, and community center with a pool. Get more DFW-area news on the Texas Real Estate Research Center's website: Dallas housing reports Texas Housing Insight Home Price Index Housing Activity Data Housing Affordability Data ​​​​Source: ​Dallas Morning News

  • Affordable senior living community slated for Hurst
    on February 26, 2021 at 4:00 pm

    ​HURST – Gardner Capital has broken ground on Gala at Central Park, a 94-unit affordable seniors housing community at 309 W. Pipeline Rd. The complex will have one- and two-bedroom floor plans within a three-story residential building. It will also have a two-story clubhouse. Treymore Construction will serve as general contractor. Hurst Public Facility Corp. is the development partner, while NDC Corporate and Redstone are the financial partners. Completion is slated for early 2022. Looking for more Dallas-area senior living news? The Texas Real Estate Research Center's got you covered. ​ ​ ​​Source: Seniors Housing Business ​