TheCypressTimes : Real Estate

WASHINGTON – The Justice Department today announced that the Housing Authority for the city of Eastman, Ga., (EHA) has agreed to pay up to $320,000 to resolve allegations that it engaged in a pattern or practice of discriminating against applicants for housing and tenants based on race. The EHA is a public housing authority that provides housing for persons of low income in Dodge County, Ga. The EHA owns and maintains eight housing complexes in the city of Eastman and the neighboring town of Rhine, Ga.

The settlement was filed today in the U.S. District Court in Dublin, Ga., in conjunction with a complaint made by the Justice Department under the Fair Housing Act. The complaint alleges that the EHA maintained racially segregated housing by assigning applicants to vacant units based on race, rather than in order of their placement on the EHA’s waiting list. The complaint also alleges that the EHA subjected African-American tenants to inferior terms and conditions of rental.

PENDING HOME SALES RISE

Published 09/07/2010 - 3:00 p.m. CST

WASHINGTON -- Following a sharp drop in the months immediately after expiration of the home buyer tax credit, pending home sales have modestly risen, according to the National Association of Realtors®.

The Pending Home Sales Index,* a forward-looking indicator, rose 5.2 percent to 79.4 based on contracts signed in July from a downwardly revised 75.5 in June, but remains 19.1 percent below July 2009 when it was 98.1. The data reflects contracts and not closings, which normally occur with a lag time of one or two months.

Published 09/07/2010 - 8:56 a.m. CST

By Jane Dee

If you're considering renovating your home to maximize sale profit, be aware that some renovations may not yield the returns you expect. The following five renovations are all projects that shouldn't be undertaken merely for resale profit.

Published 08/30/2010 - 9:59 a.m. CST

ATLANTA, GA -- Susan M. Ansel, EVP and Chief Operating Officer for Gables Residential, has been named by Real Estate Forum as a 2010 Woman of Influence. This award recognizes women who continue to make great strides in the commercial real estate industry by advancing their companies with unparalleled leadership and innovative business strategies.

Published 08/17/2010 - 1:31 p.m. CST

Property sales in July slow as expected, as the brisk and early buying spree triggered by the homebuyer tax credit comes to an end.

HOUSTON - An anticipated property sales slowdown set into the Houston real estate market in July following the expiration of the federal homebuyer tax credit. The credit had propelled local home sales for four straight months beginning in March, however home sales suffered a double-digit decline in July. Despite the drop, the average price of a single-family home still managed to climb to a two-year high.

Published 08/16/2010 - 11:16 a.m. CST

DALHART, TEXAS -- More than 5,060 acres of Dallam County agricultural land -- including irrigated farmland, dryland, CRP land and feedyard -- will sell at auction Monday, Sept. 13, with Westchester Auctions marketing the property and managing the sale.

The land, located northwest of Dalhart, Texas, will be offered in 15 tracts, ranging from five to 640 acres, according to Westchester's Scott Shuman.

Published 08/04/2010 - 8:47 a.m. CST

HOUSTON — The Houston Association of REALTORS® Board of Directors has announced its decision to support the following candidates in the Tuesday, November 2 General Election:

Published 08/04/2010 - 6:08 a.m. CST

While housing prices in many communities have fallen, many local governments have failed to adjust their property tax valuations, meaning that many taxpayers still have homes with assessments based on the market’s peak in 2005 and 2006. Add that to the continued financial threat from a slow job market and stagnant pay raises, and expensive tax bills can put a considerable crimp in your financial picture.

Published 08/02/2010 - 3:47 p.m. CST

CYPRESS, TX – Overall home sales have taken a hard hit in our region, much like the rest of America. But not at Clayton Homes Sales Centers, including the stores serving Cypress. Clayton’s numbers for the first half of 2010 are in and the company’s sales are up 22 percent from this time last year.

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