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The information provided in this blog is for the benefit of those wishing to learn about austin texas real estate
February 2009 - Posts
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The White House website posted a Q&A on its blog yesterday for homeowners in distress to learn how the President’s plan will help them specifically. Here are a few excerpts: Borrowers Who Are Current on Their Mortgage Are Asking: • What Read More...
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Part of the current stimulus bill that is about to be signed by President Obama includes an $8,000 housing tax credit. There are a many misconceptions about the tax credit that need to be clarified. This is what we know for sure about the bill in its Read More...
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As of January 1st 2009, HUD began allowing a reverse mortgage to be used as a means to purchase a home. Qualifications for this option were comparable to typical reverse mortgage options (buyer must be the primary resident, over the age of 62, etc.) but Read More...
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Most of us set goals and resolutions at the beginning of each year, but how many of us actually keep them? I'm not talking about goals about losing xx # of pounds, quitting smoking, going to the gym, etc., I'm talking about financial goals. During Read More...
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Normally, January and February are the slowest months for real estate in Austin . This year is different. It seems like everyone I talk to in my industry is struggling to keep up with an unexpected, but welcomed surge in activity. I’m not sure whether Read More...
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As originally proposed, the Austin Energy ordinance would have required all homeowners to upgrade their homes to current energy standards before selling their homes. These mandatory upgrades could have cost thousands of dollars and put an extreme economic Read More...
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New information from the National Association of Realtors (NAR) show that the U.S. housing market may be reaching bottom and parts of the country on the way up. The NAR index, which tracks contracts to purchase resale homes, shows a rebound in numbers Read More...
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Austin Community College broke ground on the new $119 million campus in Round Rock earler this week. The community college is building nearly 275,000 square feet of classroom and administration space in the first phase of the project. That phase is to Read More...
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According to the latest report from www.ofheo.gov the U.S. government’s website regarding real estate values - the Austin area ranked #1 for appreciation for the 3 rd quarter of 2008 with a 5.62% appreciation rate. Although that may not seem like Read More...
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On Wednesday February 4, 2009, Congress voted on a new proposal that would allow a tax credit of 10 percent of the value of new or existing residences, up to a $15,000 limit for home buyers. Current law provides for a $7,500 tax break but only for first-time Read More...
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As we finish the first month of 2009, I'm glad that in the last couple of weeks market activity has picked up. Some of my listings that weren't getting showings are now being shown multiple times and some of my buyers that were on the fence about Read More...
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Austin-area single-family home sales were down 21 percent in December 2008, compared with the same month last year, according to the Austin Board of Realtors. Median home prices for the same period declined 4 percent compared with December 2007. While Read More...
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Round Rock city leaders held a series of public meetings in the last two weeks to propose a redevelopment plan for the city’s town center area. Right now, getting to downtown Round Rock from I-35 requires a drive down RM 620/Round Rock Avenue, just Read More...
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Freddie Mac announced on Friday January 23, 2009 that it would need an additional $30-35 billion in government aid to address losses on loans it has backed during the national financial crisis. This amount is in addition to the $13.8 billion the company Read More...
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The Austin City Council approved a master plan Thursday for Barton Springs Pool, which includes new restrooms on the east side of the pool, renovating the current bath house, burying power lines and adding stairways and native plants to the area downstream Read More...
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