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Houston Ranks In Top 3 U.S. Condo Markets

Houston Ranks In Top 3 U.S. Condo Markets | Texas Coast Real Estate | Scoop.it

While the national condo market is recovering, analyzing condo sales activity in the top 25 condo markets by total sales reveals some very different patterns at the metro level measure. Similar to the impact it had on the rest of the market, the interest-rate rise in the second half of 2013 caused condo sales to cool off somewhat, and by June 2014 only 14 of those same markets were exhibiting increases year over year. As of June 2014, Denver led the pack with condo sales that were 16.9 percent higher than a year ago, followed by Houston (15.5 percent) and Naples, Fla. (10.8 percent). Examining a variety of real estate transaction-related data reveals that cash sales have had the largest impact on changes in condo sales. This should not be a surprise given that the cash share of condo sales was 53 percent in the first half of 2014. In fact, in some of the markets, condo cash sales almost exclusively account for all sales. For example, three of the top 25 condo markets had condo cash sales that exceeded 85 percent. Via: http://www.corelogic.com/blog/authors/sam-khater/2014/09/the-long-term-rise-of-condo-sales.aspx#

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What Luxury Buyers want in Houston on the Texas Coast

What Luxury Buyers want in Houston on the Texas Coast | Texas Coast Real Estate | Scoop.it

What Are Luxury Buyers Looking For?

Location is no longer the top search criteria among luxury buyers, particularly the younger generations, according to the survey.


With the ability to work remotely becoming an option for a growing number of people, only 25 percent of the under-35 age group indicate that location dominates their home search criteria.


  • The under-35 group factors in lifestyle considerations instead, with 75 percent saying that dictates their choice of which home to buy. 
  • The demand for eco-friendly homes is growing, too. Nearly one-third of all wealthy buyers under the age of 45 surveyed said a “green” or “LEED certified” home was more important to them than it was just three years ago.
  • Twenty-five percent of luxury home buyers also a fully automated, high-tech home as a greater priority.
Michael Stuart's insight:

For affluent individuals under the age of 35, the percentage of those planning to buy a luxury home in the next year jumps to whopping 81 percent.


This group of affluent Millennials also reported the highest average purchase price of all age groups at $7.8 million, according to the survey.

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What Slowdown? Eight Housing Markets That Are Speeding Up

What Slowdown? Eight Housing Markets That Are Speeding Up | Texas Coast Real Estate | Scoop.it

Buyers should prepare themselves: These markets are shaping up to be even more competitive than they were in 2013. Read MoreThe post What Slowdown? Eight Housing Markets That Are Speeding Up appeared first on Redfin Real Estate Blog.

Source: Redfin Real Estate Blog » Real Estate News & Analysis
URL: http://blog.redfin.com/?p=22962
Keywords: Featured Posts,Real Estate News & Analysis,featured,research-special-report

The post What Slowdown? Eight Housing Markets That Are Speeding Up appeared first on Redfin Real Estate Blog.

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South Padre Island SpaceX groundbreaking ceremony

South Padre Island SpaceX groundbreaking ceremony | Texas Coast Real Estate | Scoop.it

With the room packed with state and local politicians and officials, business and real estate representatives, and local residents, the ballroom at the Hilton Garden Inn on South Padre Island was filled to capacity for the celebration of the groundbreaking ceremony for the SpaceX rocket launching facility that is being built on Boca Chica Beach in Brownsville.

Michael Stuart's insight:

It is a huge coup for the state of Texas and the lower Rio Grande Valley in particular, and promises to make the area a destination spot for space fanatics everywhere. The overall response was enthusiastic and positive, with many local residents expressing their feelings about the impact SpaceX will have on the community.

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Texas Coast Virtual Offices like Google's for Innovation

Texas Coast Virtual Offices like Google's for Innovation | Texas Coast Real Estate | Scoop.it

Creativity is an important element in all business, but it's not something that can be manufactured. Luckily, there are steps enterprises can take to inspire their employees to be more innovative and productive.

Michael Stuart's insight:

It is no surprise that Google offers a creative environment and a lot of perks to its employees – after all, innovation is at the core of Google’s business model. Each office has its own unique design and features.


Which Texas coastal city will be first to support virtual offices for Austin's tech elite?

  • to have "innovation get-a-way" spaces or
  • even permanent virtual beach and bay workspaces
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Avoid Housing Crunch By Employing A Sound Strategy

Avoid Housing Crunch By Employing A Sound Strategy | Texas Coast Real Estate | Scoop.it

Baby Boomers Need To Plan and Strategize To Overcome Increasing Housing Costs in Retirement

Michael Stuart's insight:

Those American Baby Boomers born between 1946 and 1964 are facing some pretty serious issues in the foreseeable future none of which are as daunting as the cost of housing in their retirement years. 


Notwithstanding the estimated costs of $220,000 a couple will need in retirement for health care costs housing costs will dwarf that number as most experts believe that boomers will be forced to spend in excess of 30% of their monthly incomes supporting their abodes.  The struggle is just beginning because housing costs, both for ownership and for rentals, is skyrocketing throughout the country.

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Oil Spill Money Helps Texas Protect Coast

Oil Spill Money Helps Texas Protect Coast | Texas Coast Real Estate | Scoop.it

Money paid by BP and Transocean to settle criminal penalties arising from the 2010 Deepwater Horizon oil spill has helped Texas close the largest conservation land purchase in the state’s history: Just over 17,000 acres of undisturbed coastal prairie in Calhoun County for $50 million.

The Texas Parks and Wildlife Foundation (the non-profit fundraising arm of the state’s parks department) will raise the balance of the funds — about $15 million after the oil spill funds are applied. The foundation would initially be a joint owner of the land, alongside other non-profit conservation organizations; eventually, the plan is for the land to be donated to the department itself.

Conservationists and environmental advocates hailed the purchase as a significant move to protect the state’s coast, which experts estimate is losing hundreds of acres of rural land each day. Conserving rural lands, they said, is crucial not only for preserving open spaces in Texas, but also as a way to protect water resources. Along the coast, keeping land undeveloped can serve as a “natural buffer” against sea-level rise and storm surges — often a much cheaper way to ensure hurricane protection than costly infrastructure like seawalls.

http://www.texastribune.org/2014/08/21/texas-announces-land-conservation-purchase-bp-doll/

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U.S. sells acreage off Texas coast to energy companies

U.S. sells acreage off Texas coast to energy companies | Texas Coast Real Estate | Scoop.it
An auction for acreage in the western Gulf of Mexico drew more than $100 million in high bids from energy companies, the Interior Department said.
Michael Stuart's insight:

Acreage up for auction in Lease Sale 238 could lead to the production of between 116 million and 200 million barrels of oil and 538 billion and 938 billion cubic feet of natural gas - the U.S. Interior Department


The Gulf of Mexico has been and will continue to be a cornerstone of our domestic energy portfolio, with vital energy resources that spur economic opportunities and further reduce our dependence on foreign oil.


Lease sales included under a five-year energy plan outlined by President Barack Obama have generated $2.3 billion in bid revenues. A consortium of energy industry leaders called the White House to open even more offshore areas to explorers when planning the next five-year plan, which would end in 2022.


The Texas coast has an energetic future!

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Galveston Bay Home Makeover

Galveston Bay Home Makeover | Texas Coast Real Estate | Scoop.it
A design duo turns a fixer-upper on Galveston Bay into a nautically inspired beauty, perfect for a sea-loving family.
Michael Stuart's insight:

When two sailing enthusiasts had to temporarily table their dream of building a boat in order to raise their young crew of four, they set about looking for a new adventure. And that's exactly what they found in an aged, lackluster house on Galveston Bay in Texas.

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The U.S. Gulf Coast at Night

The U.S. Gulf Coast at Night | Texas Coast Real Estate | Scoop.it

The U.S. Gulf Coast at Night

One of the Expedition 40 crew members aboard the International Space Station photographed this nighttime image showing city lights in at least half a dozen southern states from some 225 miles above the home planet. Lights from areas in the Gulf Coast states of Texas, Louisiana, Mississippi and Alabama, as well as some of the states that border them on the north, are visible.

Image Credit: NASA

Page Last Updated: August 15th, 2014
Page Editor: Jerry Wright

Source: The U.S. Gulf Coast at Night

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Housing prices rise, inventory shrinks in Corpus Christi – report

Housing prices rise, inventory shrinks in Corpus Christi – report | Texas Coast Real Estate | Scoop.it

The Corpus Christi Caller-Times reports that the coastal city’s robust housing market shows no signs of slowing, but affordable homes are in short supply. The inventory of vacant homes in Corpus Christi is one fourth the size it was just three years ago, but asking prices have climbed 19 percent over the same period, said Warren Andrich, president and CEO of the Corpus Christi Association of Realtors.

“All things point to a continued favorable housing market,” Andrich told the South Side Business Council.

There are 1,860 houses available in the city as of Thursday, down 74.5 percent from 2011 when there were 7,300 houses on the market. In that time, thousands of job seekers have converged on the Coastal Bend, lured by opportunity from the Eagle Ford Shale energy play. Economists have speculated as many as 10,000 jobs will spring from it over the next five to seven years.

And that has helped drive up home prices.

The average sale price for a home in Corpus Christi was about $190,000 in June, up from $157,000 in June 2009, Andrich said. That’s a 21-percent increase.

“It’s supply and demand,” Andrich said. “We live in a place people want to come, so the demand is high.”

http://www.caller.com/news/building-our-future/realty-chief-discusses-hot-housing-market_93494936

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Forecasters Decrease Number Of Hurricanes for 2014, so?

Forecasters Decrease Number Of Hurricanes for 2014, so? | Texas Coast Real Estate | Scoop.it

Dennis Feltgen, a meteorologist with the National Hurricane Center in Miami, says overall atmospheric conditions just don’t favor a lot of storm development this year.

Michael Stuart's insight:

NOAA, the National Oceanic Atmospheric Administration, has revised the number of named storms to between 7 and 12, and that maybe 2 of those named storms could be major, with winds greater than 110 mph.


Yes there will always be storms on the coast, but the new homes on the Texas coast survived even hurricane IKE back in 2008.


Lessons learned, applied and even tested.


  • We know how to make a hurricane resistant coast in Texas.
  • And we have seawalls on Galveston and Corpus Christi.


Bottom line: build on high ground, build strong and have a large dune or seawall between your home and the ocean. If not, have good insurance and leave before the storm hits.


Listen to the forecast https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/162174956&color=ff5500&auto_play=false&hide_related=false&show_comments=false&show_reposts=false 

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Need for bigger timber leads piling shortage on Texas coast

Need for bigger timber leads piling shortage on Texas coast | Texas Coast Real Estate | Scoop.it

Need for bigger timber leads to scarcer pilings on the Texas coast.

A severe shortage of timber pilings, crucial for construction on the coast, is complicating life for home builders.

Michael Stuart's insight:

New construction is booming in Port Aransas, and starting to pick up on Corpus Christi's North Padre Island area with the new Schlitterbahn Water park getting ready to open in 2015.

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Texas jobs surge

Texas jobs surge | Texas Coast Real Estate | Scoop.it

The Texas economy, from our employers across all major industries to our skilled and dedicated workers, continues to perform at a record pace," said Texas Workforce Commission Chairman Andres Alcantar

Michael Stuart's insight:

Over the month, nine of the 11 major industries tracked by the state agency showed positive growth.


The Leisure and Hospitality sector led the growth with 9,300 jobs.


Mining and Logging, which includes the oil-and-gas sector, added 5,000 jobs over the month, and construction added 5,400 jobs over the month.


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Landscaping Boosts Home Values Up to 12%

Landscaping Boosts Home Values Up to 12% | Texas Coast Real Estate | Scoop.it
A $150,000 home with no landscaping could fetch an additional $8,300 to $19,000 by adding a landscape with color and large plants, according to research from Virginia Tech.
Michael Stuart's insight:

"The most preferred landscape included a sophisticated design with large deciduous, evergreen, and annual color plants and colored hardscape," according to Niemiera. Adding different plant sizes to a front yard, for example, can boost curb appeal, as well as mixing fruit trees and flowers for added color.

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Richard Spencer's curator insight, October 16, 4:40 AM

How  to  increase  the  value  of  your  home

 

This is  a  good  article  worth  sharing.  Even  now  with  the  sun shinning  now  Im  off  this  afternoon  to  help  a  client  sell  her  home  by  doing  up  her  front  garden  for  that  important Curb  appeal  effect  I  have  made  a  listly   list  thing  to  do  for  that  wow  factor   http://list.ly/list/Sw9-how-to-increase-the-value-of-property to  give  you  some  idea 

Meny  people  have  really  no  idea  about  how  to  sell  the  house  properly . Thinking  that  if  the  inside  looks  good  then  the  new  owners  can  come  and  do  the  garden.

And  in  my  work  i  have  seen  gardens  that  even  the  surveyers  cannt  get  to.

So  I  cannt  really  emphasise  enough  of  the  importance  of  it is    

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Galveston mega-dune project vs open beaches

Galveston mega-dune project vs open beaches | Texas Coast Real Estate | Scoop.it

A Megadune project will soon rise west of the seawall
in Galveston despite open beaches act.

Michael Stuart's insight:

The GLO has never signed a static easment form and never will because they do not believe that anyone owns Texas Beaches.


Texas has long prided itself on its Open Beaches Act, which guarantees public access to beaches along most of the state’s 367-mile Gulf Coast.


But public beach advocates say a recent Texas Supreme Court decision — which is supported by the front-runner in the race to be the state's next land commissioner — and a growing property rights movement could endanger that guarantee.


  • They fear that as beaches face impacts from coastal erosion, rising sea levels and the threat of powerful storms, private property rights could take precedence over access to public beach access.
  • But many private property rights advocates hailed the ruling. Among the supporters is George P. Bush, a Republican widely expected to win the November election to head the General Land Office.

  • In the event of storms, landowners whose property has been taken were not compensated enough, and that there are many other places along the coast that the public can access without threatening private property interests.


The current Texas land commissioner, Jerry Patterson, who was named in the Severance lawsuit, has excoriated the Severance ruling as weakening public access in a “Californication of Texas beaches.”


As a result of the decision, the General Land Office canceled a $40 million beach nourishment project in Galveston for fear of illegally spending public money on private land.

  • Patterson said he feared more similar projects would have to be abandoned.


Read more at: http://www.texastribune.org/2014/09/28/open-beaches-law-uncertain/

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Port A is a Fall Favorite Vacation Destination

Port A is a Fall Favorite Vacation Destination | Texas Coast Real Estate | Scoop.it

Happy fall, y'all! In the meantime, be a tourist on our YouTube 

Michael Stuart's insight:

Sunbathing and splashing in the surf still await visitors who want to escape the hustle and bustle to stake out their own stretch of glorious sandy shoreline. Fall in Port A is full of balmy breezes, excellent fishing and seasonal bird migrations, all at pocket-pleasing prices.

The Port A trolley will take you around town to boutiques and art galleries filled with unique coastal treasures. Indulge in fresh seafood at a waterside table at our many fine local eateries and experience a breathtaking sunset before returning to your beach house or waterfront condo’s balcony. For those that prefer to sleep under the stars, set up your personal paradise at our campgrounds or RV parks.


See Video


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Avoid Housing Crunch By Employing A Sound Strategy

Avoid Housing Crunch By Employing A Sound Strategy | Texas Coast Real Estate | Scoop.it

Baby Boomers Need To Plan and Strategize To Overcome Increasing Housing Costs in Retirement

Those American Baby Boomers born between 1946 and 1964 are facing some pretty serious issues in the foreseeable future none of which are as daunting as the cost of housing in their retirement years.

Notwithstanding the estimated costs of $220,000 a couple will need in retirement for health care costs housing costs will dwarf that number as most experts believe that boomers will be forced to spend in excess of 30% of their monthly incomes supporting their abodes.  The struggle is just beginning because housing costs, both for ownership and for rentals, is skyrocketing throughout the country.

See on Scoop.it – Texas Coast Real Estate

Source: shellyrobersonrealtor.com

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International Home-Buying Activity in 2014

International Home-Buying Activity in 2014 | Texas Coast Real Estate | Scoop.it

Texas Real Estate Center 2014 International Home-Buying

It’s time for the annual National Association of Realtors’ (NAR) survey measuring the level of sales of U.S. residential real estate to foreigners. There were 3,547 respondents to the 2014 survey, almost 200 more than last year. The survey was conducted from April 14 to May 14, 2014.

Information was gathered from Realtors on U.S. residential real estate purchased by international clients during the 12 months ending March 2014. The term “international client” refers to two types of purchasers.

  • Type A are foreign clients with permanent residences outside the United States. These clients typically purchase property for investment, vacations or visits to this country for less than six months.
  • Type B are clients who are recent immigrants (in the United States less than two years) or temporary visa holders who reside here for more than six months for professional, educational or other reasons.

How did the market do?

This year’s international clients bought an estimated $92.2 billion in residential real estate. That’s approximately 7 percent of total U.S. existing home sales of $1.2 trillion (see table below). Of that, $46.7 billion is attributed to Type A clients and $45.5 billion to Type B.

International sales were up $24 billion from the previous survey.

A number of favorable factors influenced foreign demand for U.S. residential properties:

  • stronger global activity in the second half of 2013,
  • appreciation of the Chinese yuan and the British pound,
  • the relative affordability of U.S. residential property, and
  • international investors’ desire for higher returns and greater security.
  • Chinese residents are also influenced by a flight to quality.

Why U.S. homes?

  • Approximately 56 percent of the respondents reported profitability and security are the main factors influencing the decision to purchase in the United States.
  • Well defined property rights, strong institutions governed by rule of law, a world-leading economy, and a recovering housing market were also factors.
  • Foreign purchasers seek U.S. property related to employment; to house children going to college; for investment and portfolio diversification; and for vacations. Recent immigrants view home ownership as an important accomplishment in their efforts to become established in this country.

What are the countries of origin?

Hong Kong skyline  (Photo credit: Wikipedia)

Realtors reported purchasers from 61 countries. Five countries have historically accounted for the majority of the reported purchases: Canada, China (Peoples Republic of China, Hong Kong, Taiwan), Mexico, India and the United Kingdom. In the latest survey, these countries accounted for some 54 percent of the international transactions. At 19 percent, Canada still has the largest share of international purchases, but China has the fastest growing source of international clients, increasing from 5 percent of international sales in 2007 to 16 percent in 2014. Mexico increased from 8 percent in 2013 to 9 percent in 2014 but still was less than the 13 percent registered in 2007 (see figure below).

What are they buying?

Approximately 65 percent of international transactions reported are single-family home sales. In addition, about 39 percent of the homes are intended to be used as primary residences for longer than six months. About 42 percent of transactions were intended for primary residences for: international students enrolled in U.S. colleges and universities, recent immigrants, and professional and managerial employees of businesses and institutions who are in the United States on a temporary but extended visit.

Nonresident foreigners who are limited to six-month stays generally expect to use the property for vacation or rental purposes and as an investment.

Via blog.recenter.tamu.edu/2014/07/international-home-buying1/

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Scientific Reasons A Texas Beach Vacation Is Necessary For Your Health

Scientific Reasons A Texas Beach Vacation Is Necessary For Your Health | Texas Coast Real Estate | Scoop.it

If you don't already have a Texas size beach vacation planned, marine biologist Wallace J. Nichols's new book will make you.


Blue Mind: The Surprising Science That Shows How Being Near, In , On, Or Under Water Can Make You Happier, Healthier, More Connected, And Better At What You Do is the result of over 10 years of research that shows how looking at water, being around it or in it coaxes our brains into releasing happy chemicals such as dopamine, serotonin and oxytocin.


Beach Vacation picture courtesy of Cinnamon Shore Port Aransas Texas

Michael Stuart's insight:

Water returns us to our natural state - This biological connection to water, Nichols told CBS News, triggers an immediate response in our brains.


We're more relaxed along the coast -  Areas of the brain associated with less stress and more empathy are activated when we look at nature scenes. While pictures of urban landscapes elicited activity in the parts of our brains associated with stress.


Looking at pictures is good, but water is even better, Water rejuvenates a tired mind


The color Blue soothes - Blue, it turns out, is the world's favorite color.


See the book at: wallacejnichols.org/126/585/bluemind

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Texas High Court Asked To Revise Beach Property Ruling

Texas High Court Asked To Revise Beach Property Ruling | Texas Coast Real Estate | Scoop.it


The First District Court reversed in favor of the state, and in July the Texas Supreme Court affirmed, with the modification that the trial court should not have awarded the Porrettos ownership of land seaward of the mean higher high-tide mark.

Michael Stuart's insight:

The Texas General Land Office told the state Supreme Court on that members of a Galveston family cannot seek judicial clarification of their property rights following the reversal of their $5 million award in litigation over the agency’s effort to seize a private beach.

In a motion for rehearing, the GLO said that while it agrees with the Texas Supreme Court’s decision to not revive a $5 million award to the Porretto family that was thrown out by a lower appeals court, the high court incorrectly concluded that the Porrettos were entitled to a declaratory judgment defining exactly what property they own.

Because the Porrettos had abandoned a “trespass to try title” action, which is the exclusive remedy under Texas law for determining who owns a disputed tract of real property, the high court was without authority to remand the case for a final judgment on the family’s property rights, the GLO claimed.

“Respectfully, the court was confined to the relief the Porrettos requested,” the motion said. “A party is not entitled to relief it does not seek.”

An attorney for the Porrettos told Law360 Tuesday that his clients have also asked for reconsideration of the ruling and suggested that the GLO filed the motion as an effort to give the high court a possible way out should it have a change of heart about the family's argument that the state committed a "temporary taking" of their property.

In July, the high court refused to revive a $5 million judgment the family scored after a state trial court concluded the GLO wrongfully laid claim to Porretto Beach and effectively killed offers from developers lined up to buy the land.

Although the state publicly claimed it owned the family’s property — then later admitted it didn't, after several offers on the property were rescinded — the Porrettos didn't suffer a “temporary taking” of their land and therefore weren't entitled to recover damages, the Texas Supreme Court ruled.

But the high court said that the family was entitled to a declaratory judgment defining their property rights and remanded the case for a final order to that effect. Instead, a decision from the First District Court of Appeals throwing out the Porrettos’ case altogether should have simply been affirmed, according to the GLO.

The fight between the Porrettos and the state involved land the family has owned for more than 40 years, including Porretto Beach, which runs along the seawall in Galveston between Sixth and 10th streets and several additional parcels the family owns between Sixth and 27th streets.

In 1994, the state leased submerged lands between 10th and 103rd streets to the city of Galveston for a beach renourishment project, according to the Porrettos.


The GLO claimed the state's property covered by the lease extended from the coastal waters of the Gulf of Mexico to the annual high-tide mark, which abutted the seawall, swallowing the Porrettos' land.

But the family objected, arguing that the measurement should have been taken from roughly the “mean higher high-tide line,” which would have left them with some beach property between the seawall and the area targeted by the state for renourishment.

Rejecting the Porrettos' argument, the state went forward with the project and told the Galveston Park Board that it could issue concession licenses to allow private vendors on the rebuilt beach, according to the Porrettos.

The dispute eventually began to play out publicly in the local newspaper and culminated in 1997, when a GLO attorney told the park board that the state did not recognize any claim to private ownership of land in front of the seawall, the Porrettos claim.

Another attorney with the GLO then submitted an extensive column to the Galveston Daily News expounding on the state's position that it owned all land in front of the seawall, including Porretto Beach.

The Porrettos said that when potential buyers learned of the state's apparent claim to Porretto Beach, the buyers backed out, costing the family millions of dollars and prompting litigation.

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7 Things You Should Paint Instead of Replace to Save Money

7 Things You Should Paint Instead of Replace to Save Money | Texas Coast Real Estate | Scoop.it
You know a fresh coat of paint can give any room a quick and inexpensive facelift. But did you know that a little paint can also perk up carpets, appliances, and even vinyl floors?Basically, if it doesn’t move, you can paint it.

Via Joe Brant, John M. Holland
Michael Stuart's insight:

Use rustproof paint on metal for the Texas coast.

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Kathy Rester Fisher's curator insight, August 19, 11:12 PM

What a difference just a little fresh paint can make. MAKE SURE you have the right paint, however, for the job you are tackling.

Carey Frankel's curator insight, August 20, 8:25 AM

add your insight...

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Gov. Perry Visits Texas National Guard Soldiers and Airmen helping secure the border issues

Gov. Perry Visits Texas National Guard Soldiers and Airmen helping secure the border issues | Texas Coast Real Estate | Scoop.it

Gov. Rick Perry today visited the Camp Swift Army National Guard Training facility for a status report on the Texas National Guard's training and deployment in support of Operation Strong Safety to combat crime and drug cartel activity near the border.

Michael Stuart's insight:

Between SpaceX and the guard, South Padre is safer than ever.

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Million Dollar Manufactured Homes

Million Dollar Manufactured Homes | Texas Coast Real Estate | Scoop.it

Manufactured Homes Hit Seven-Digit Milestone, in California, meaning for under $200k on the Texas coast.

Manufactured homes often sell for more than $1 million in the California coastal community of Paradise Cove, with one selling for $2.55 million earlier this year and another going on the market last month for $3.75 million. See slides-show at wsj.com/articles/rethinking-the-double-wide

Putting It All Together Making the Move to Modular Manufactured Home Industry Faces Hurdles The homes feature hardwood floors, high-end appliances, granite counter-tops, and other upscale features, but the prices also have a lot to do with the community’s location on a bluff overlooking the Pacific Ocean.

Wealthier buyers now are entering the market for factory-built homes, mainly as retirees look to downsize and soaring home prices in particular markets make manufactured housing a more affordable option.

Design trends have tracked those in conventional site-built homes and these are built better, many are hurricane resistant and more energy efficient.

Look for them to take off on the Texas coast soon.

via Manufactured Homes Hit Seven-Digit Milestone | Realtor Magazine.

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Experts dispute Perry on border crime stats

Experts dispute Perry on border crime stats | Texas Coast Real Estate | Scoop.it

A surge of military and law enforcement personnel will head to the Texas-Mexico border to combat what Gov. Rick Perry describes as a violent crime wave by “criminal alien defendants,” but criminal justice experts say certain border areas are more secure than Texas’ top cities — a view echoed by local realtors whose sales have suffered partly from news reports about border violence. Experts polled by PolitiFacts Texas were unable to substantiate crime statistics cited by Perry as support for sending 1,000 Texas National Guard troops to the border, and in fact, called the numbers “ridiculous.”

That’s good news for South Padre Island, which has seen depressed real estate sales following the economic recession and Hurricane Dolly in 2008.  Sales volume is improving but prices still lag Galveston and North Padre Island, and inventory stands at a two-year backlog, according to statistics compiled by the Texas A&M Real Estate Center.

Alice Donahue, a longtime South Padre Island realtor, says sales have been steadily improving from last year at approximately 29% for the area.

“We are seeing more inventory this summer but time on the market has been reduced on certain properties, specifically beachfront homes, South Padre Island Golf Course Homes and Long Island Village,” said Donahue of Alice Donahue Real Estate. “Prices are still lower than we have seen since the downturn and it is still a buyers’ market here but I have noticed a marked increase in Mexican National buyers since the cartel crisis, which I do not believe is a threat to our area as has been perceived in the past.”

To read the Scripps article on Perry, click the link: http://www.caller.com/columnists/matthew-waller/data-shows-safe-border-regions-before-natl-guard-deployment_99075946

For more on PolitiFacts analysis: http://www.politifact.com/texas/statements/2014/jul/29/greg-abbott/greg-abbott-attributes-3000-murders-immigrants-her/

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