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It’s safe to say that the word finally got out about this tax credit. It seemed like it took a couple of months after the program was announced, but first-time homebuyers have represented a very large part of the residential real estate business all summer. The end of the program is closer than most imagine. … Continue reading
Developers see in Austin the opportunity to make well-considered risk-vs.-reward investment decisions based on the knowledge that our local economy has weathered economic storms before and is well-positioned to do so again now. For those that follow my quarterly “market updates” via email, you won’t be surprised that I remain bullish about the Central Texas real estate market. Continue reading
The Austin Chamber Of Commerce reports (based on Texas Workforce Commission data) that job losses in Austin from July 2008 to July 2009 were just -0.2%, the best performance among the 50 Top Metros. Four of the top 10 performers were in Texas: Austin, San Antonio (-0.8%), Fort Worth (-1.4%), and Dallas (-1.6%). In addition … Continue reading
Check out the This Is Austin link on my website — http://www.eHomesByMorris.com. This is an annual look at All Things Austin (and suburbs) from the Austin American-Statesman. It’s an excellent get-acquainted tool for folks from out of town and a comprehensive exam for “insiders” who think they know everything there is to know about our … Continue reading
So far, I haven’t had a deal killed by HVCC complications, but this process was a really bad idea that complicates too many transactions. Undoubtedly, there were lenders over the past five years or so who knew they could get almost any property appraised for the contract price/LTV. Now, however, in too many cases, appraisers … Continue reading
