22Sep
Robert Bass and friends sold the Electric Building in downtown to a group called Atlas Properties.
Over the years I have heard a myriad of real estate folks talk of tentative plans for the Electric Building, but none of them ever really deliver. Not so of Atlas. I am sure that the group of investors will put some cash and elbow grease into the historic residential building, and view it as capable of delivering a nice ROI.
In my eyes the important thing here is that the building is staying in local hands. There are plenty of groups nationwide who are well funded and looking to capitalize on a down market. At least we can keep ownership local, for now.
18Sep
Tarrant County is on track to have about 20,000 foreclosures this year. We are averaging about 1500 a month so far.
Here’s an interesting site that will allow you to break down foreclosed and REO listing by City, County, or Zip. You can also switch it to a map viewer viewer that gives it some cool tangibility.
Thanks to Chuck for writing in, or I never would have looked this stuff up. And JJ, you brought up some good points about the percentages in your comment yesterday. I have to admit that I was a little perplexed by it, but I was drinking beer at Capital Bar when I read your comment.
17Sep
The average nationwide foreclosure rate in July was 2.8%. The Fort Worth / Arlington foreclosure rate was only 1.1% percent during the same time frame.
So basically, Fort Worth is twice as good as any other city. Especially Dallas.
We also made the top 10 list for expected performance in home prices.
Just something to make you feel better about, well, Ft. Worth.
16Sep
I am not going to write anything today because I was up so late last night commenting on Pete’s blog (Cowtown Chronicles). A Pete Post is a rarity, but I try to read them when they come. Yesterday the topic was Joe Wilson, followed by a lot of capitalized words and a general malice toward all Republicans.
Anyway, I commented; a lot. So there is an aweful lot of text up there, but I would encourage anyone to read it. Pete never seems to respond to my comments, which is fine, but I feel like I put a lot of thought in there and would like to think that a few other people might read it.
Recent Comments