Items Tagged with 'Texas'

ARTICLES

  • Douglas Elliman launches in Texas

    Manhattan’s top brokerage buys Sudhoff to enter Houston market
    Douglas Elliman Real Estate, the top brokerage in the New York metro area, is expanding into Texas. On Tuesday, the brokerage announced a joint venture with Sudhoff, a company based in Houston that specializes in luxury high-rise condominiums. Jacob Sudhoff, president of Sudhoff, was named chief executive officer of Douglas Elliman, Texas.
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  • HUD providing $652 million more for Hurricane Harvey recovery efforts in Texas

    Additional money on top of original $5 billion grant
    With parts of Texas still recovering from the damage caused by Hurricane Harvey in 2017, the Department of Housing and Urban Development announced Monday that it is granting an additional $652 million to aid in the recovery. The new funding will supplement the more than $5 billion that HUD originally gave to Texas to recover from Harvey.
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  • Direct buyer Offerpad planning significant expansion, beginning in Texas

    Begins operating in Houston metro area, San Antonio expansion coming soon
    Last year, Offerpad secured $150 million in funding, which the direct homebuyer said it planned to use for business expansion. Late last year, Offerpad began operating in Tucson, Arizona, and expanded into the Dallas-Fort Worth metroplex. As it turns out, that won’t be the company’s only foray into Texas.
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  • Amrock ordered to pay $740 million to HouseCanary for trade secret theft

    Texas judge hands down largest judgment in U.S. this year
    A Texas judge last week ordered Amrock, the title insurance, settlement services and valuations provider formerly known as Title Source, to pay just shy of $740 million to HouseCanary after denying Amrock’s request to vacate a jury’s earlier decision in a trade secret theft battle that rocked the housing industry.
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  • Texas Real Estate Commission, Appraiser Board accused of ignoring customer service “crisis”

    Government watchdog says licensing agencies are hoarding money
    The Texas Sunset Commission, a state government watchdog agency, said in a report published this month that the Texas Real Estate Commission and the Texas Appraiser Licensing and Certification Board are keeping excess revenue in their coffers to pay for a new building rather than using the money to deal with customer service problems that are “overwhelming” the agencies.
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  • Greater Austin should keep getting great property values into 2019

    Appreciation for the Heart of Texas
    [Expert Commentary] For some time, the Austin area has also been able to lay claim to an upward trending economy that currently includes projected real estate appreciation of 5.4% over the next year. With a current supply of homes that has been inching up, and now stands at 3.3 months, the rapidly growing metro area is certainly likely to keep the Lone Star state popular with lenders.
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  • WSJ: Coastal Texas towns weigh pros and cons of mandatory storm proofing

    Some considering implementing building requirements to bring insurers back
    In the wake of Harvey, Texas coastal towns are weighing the pros and cons of adopting insurance industry-approved building requirements. Lack of available insurance options, cost of building and the potential for increased storm frequency all factor into the decision making process for these municipalities.
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