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Last week the U.S. Commerce Dept. announced that new home sales were up 27% in March 2010 compared to February. The surge was described as the strongest (in units) since July 2009, and the largest percentage month-to-month increase in 47 years. How did Austin compare? Continue reading
Austin is just simply not like the rest of Texas. From the quirky cast of characters that populate Congress Avenue to burnt orange-clad University of Texas students, bats to Longhorns, four-star restaurants to down-home barbecue joints, corporate CEOs to struggling musicians, Texas’ capital city stands apart from the rest. Continue reading
There is a new program available for homeowners in financial distress — HAFA. Continue reading
The good news is that the “odds of selling” rebounded nicely last month. One month does not make a trend, but unless tax incentives have accelerated too much of what would have been Summer demand, we should see solid sales performance in our market in the next few months with modest increases in sales values. Continue reading
RE/MAX topped competitors in the 2010 RISMedia Power Broker Report that ranks top real estate offices in the U.S. Continue reading
Lender communication has always been a key difficulty in handling short sales, exacerbated by agents on both sides of too many transactions who have no idea how to work a short sale. Lenders — notably major banks — have spent a lot of time working to improve their processes to accomodate the huge number of borrowers in default and to comply with recently announced HAFA guidelines Continue reading
This beautiful condo just minutes from Lake Travis is a MUST SEE! Continue reading
The truth is that we’ve only had mortgage interest rates in the 5% and under range for about fifteen months! And already we consider that “normal,” and act as if anything higher will keep people from buying and hurt the housing market? Continue reading
“I like knowing what something will cost before I commit to it. I’ll bet you do, too. The U.S. Department of Housing and Urban Development has revised some home-loan rules that attempt to give us what we want.”
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Austin most expensive rent in TX. As is generally true, press reports are best served with context.
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Bill Morris on Austin Real Estate 