Fort Worth home prices expected to rise another 7.5 percent in the next year

Posted Monday, Nov. 04, 2013  comments  Print Reprints
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Fort Worth home prices are expected to rise 7.5 percent by the second quarter of 2014, according to CoreLogic, a provider of residential property information and analytics.

The prices rose 6.3 percent in the second quarter from a year ago, CoreLogic said.

Nationwide, home prices increased 10.1 percent in the second quarter. They are expected to be 16 percent above the trough in the fourth quarter of 2011 by the end of June, CoreLogic said.

Price appreciation is projected to slow to 5.4 percent across all markets by the beginning of 2014, CoreLogic said.

“Prices are now rising in nearly 90 percent of metro areas, and in all metro areas with populations greater than 1 million," said David Stiff, economist for CoreLogic Case-Shiller. "The strongest growth continues to be recorded in cities that were at the center of the housing bubble, but investor demand in those markets appears to be waning, meaning rapid rates of price appreciation are likely unsustainable."

Arlington firm buys old Dallas factory

Arlington-based SkyWalker Property Partners recently bought the 110-year-old Hughes Brothers Candy Factory in Dallas.

The property, 1401 S. Ervay St., was sold by Frieda Bosh of Dallas, the mother of Dallas Heat star Chris Bosh. She had owned the building since 2008.

SkyWalker said it plans to spend $3.2 million to convert the former factory into residential units.

The 7,000-square-foot building is five stories and sits in one of Dallas’s oldest neighborhoods.

It has been vacant for several years.

Transactions

4800 Little Road, Arlington

Three new leases have been signed at the Lincoln Court Shopping Center.

MINT Dentistry has leased 4,638 square feet. Eric Vickers of Colonial Commercial Real Estate represented the landlord, Shops at Lincoln Court LLC. Matt Smoot of Newmark Grubb Knight Frank represented the tenant.

Old West Cafe has leased 5,560 square feet of space. Vickers represented the landlord. Paul Natwick of Quest Commercial represented Old West Cafe.

Luxor Vapors has leased 2,286 square feet. Michael Berkowitz of Colonial Commercial represented the landlord.

410 and 426 S. Henderson St., Fort Worth

The 8,316-square-foot Henderson Medical Building and the adjacent 6,500-square-foot building leased to CVS/Caremark have been sold by the Stephen and Helena Leung 2000 Trust to Standard Insurance Co. in Hillsboro, Ore. Michael Berkowitz of Colonial Commercial negotiated the deal.

2901 Fair Drive, Fort Worth

Wells Fargo Home Mortgage has leased 2,990 square feet. Michael Berkowitz of Colonial Commercial represented the landlord.

1632 Keller Parkway, Keller

Chow n Chill Bar & Grill has leased 3,500 square feet from Keller Bear Creek Plaza. Sylvia Pell of Pell Realty Group represented the tenant.

1961 S. Main St., Keller

Abate Homes has bought a 10,000-square-foot retail building from Keller Strip Center. Sylvia Pell of Pell Realty Group handled the sale.

Sandra Baker, 817-390-7727 Twitter: @SandraBakerFWST

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