Americans think housing crisis isn't over, survey indicates

Posted Monday, Apr. 08, 2013  comments  Print Reprints
A

Have more to add? News tip? Tell us

Some studies may suggest that the prolonged housing crisis is over, but the American public is not ready to agree, according to the new How Housing Matters Survey, conducted by Hart Research and commissioned by the John D. and Catherine T. MacArthur Foundation.

Nearly 8 in 10 surveyed believe we are still in the middle of the crisis or that the worst is yet to come, the recent survey found.

Hart Research Associates interviewed 1,433 adults by phone from Feb. 27 to March 10. The results were issued last week.

Even with such pessimism, the desire to own a home remains strong desire. More than 7 in 10 want to be a homeowner someday, the survey said.

Though that desire remains a bedrock principle, the survey found that the public's views about housing are changing, because of hangover from the housing crisis as well as changes in lifestyles, Peter Hart of Hart Research said.

"The dynamic is no longer simply 'renting versus owning' - perspectives are more complex, and people are viewing housing in a more holistic way," Hart said in a statement. "Many of the positive attributes that have long been associated with homeownership are fading, and on the flip side of the coin, it is remarkable that nearly half of all homeowners can picture themselves one day becoming a renter."

Apartments sold

Marquette Cos. of Naperville, Ill., has bought Verandas at Cityview, a 314-unit apartment community at Oakmont Boulevard and Bryant Irvin Road in Fort Worth.

It is the company's second property in Dallas-Fort Worth and its fourth in Texas.

The 2003 apartments, will become part of Marquette's management portfolio. The firm will oversee all aspects of leasing, maintenance and resident relations.

Marquette plans to add a dog park and grilling area; update the building's main entry; buy new equipment for the fitness center, business center and coffee bar; and renovate the office and clubhouse.

Units will get new appliances, wood flooring, light fixtures and blinds.

Hillwood sells acreage

Hillwood Communities, a Perot company, has sold 16.3 acres at its Alliance development in north Fort Worth.

Hillwood sold 9.7 acres at the northwest corner of U.S. 377 and North Tarrant Parkway to the Victory Group; 4.4 acres at the northeast corner of Golden Triangle Boulevard and North Beach Street to the Parmer Family Trust in Keller; and two 1.1-acre pad sites at Heritage Trace Parkway and North Beach, near The Bluffs at Heritage. One site was sold to ENT Building, the other to Hahei Ltd.

Ken Reimer, David Davidson Jr. and Edward Bogel of Venture Commercial represented Hillwood in the transactions.

Jonathan Cooper of Venture represented the Victory Group.

Transactions

1103 Stanley Drive, Euless

AGH Industries in Richland Hills has bought a 25,906-square-foot building from KGP Group. Todd Hubbard of NAI Robert Lynn represented the seller. Reed Parker and Tom Walrich of Lee & Associates represented the buyer.

3601 NE Loop 820, Fort Worth

J1Energy, a company handling gas and energy land leases in Texas, has leased 2,338 square feet of office space. Sylvia Pell of Pell Realty Group negotiated the lease.

665 S. Main St., Fort Worth

Prime Advantage Enterprises, an Arlington-based general contractor, has bought a two-story 1912 building for redevelopment. Jim Sager of Transwestern represented the seller, Queen Shiva Llc. John Dancer represented the buyer.

1517 W. North Carrier Parkway, Grand Prairie

McKim & Creed has leased 4,253 square feet of industrial flex space in Carrier Place One from Americo-Carrier. Will Dillard and Michael Spain of Bradford Commercial Real Estate Services represented the landlord. Jamie Galati of Jones Lang LaSalle represented the tenant.

2485 E. Southlake Blvd., Southlake

Sente Mortgage has leased 4,000 square feet of office space. Sylvia Pell negotiated the lease.

Looking for comments?

We welcome your comments on this story, but please be civil. Do not use profanity, hate speech, threats, personal abuse or any device to draw undue attention. Our policy requires those wishing to post here to use their real identity.

Our commenting policy | Facebook commenting FAQ | Why Facebook?