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Case-Shiller Improvements In Context

As I frequently do, I think it is important to provide an Austin/Central Texas perspective since our local and regional market has experienced the housing downturn and recession very differently than the five states where the worst impacts have been felt.
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Fannie Mae Loan Quality Initiative

For those of us who work with home buyers and mortgage lenders routinely, it has been clear for a long time that mortgage underwriters were getting more cautious — and rightfully so. This is Fannie Mae’s latest move to reduce mortgage loan defaults. Continue reading

More validation for Austin

It’s a treat to keep seeing Austin on “good news” lists and rankings …. Continue reading

Austin market stays strong

As I study market conditions in Austin and Central Texas real estate, I continue to see significant contrasts between our area and conditions elsewhere …. Continue reading

Short Sales and Credit Ratings

If you’re struggling with a mortgage and considering your alternatives, the best advice is to begin communicating as early as possible with your lender and with financial and real estate professionals. Continue reading

Life after tax credits — early results

I am encouraged to see the Austin/Central Texas market maintain momentum after tax credits expired, and I look forward to getting “back to normal” in the coming months and years. Continue reading

Keeping your home

This website does a good job of outlining the steps in a Texas foreclosure, and in providing good general information about some alternatives. Continue reading

Growth cycle and multiple offers

As we enter the growth phase in our next market cycle, the number of properties attracting multiple offers is likely to increase. Continue reading

Homebuyer Assistance Programs

“Borrow responsibly.” Continue reading

Another option for distressed homeowners

This op-ed piece from RISMedia offers an attractive option that is worth exploring — equity sharing, true cooperation between lender and borrower. Continue reading