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The “Financing The Solution” water forum at the Texas Capitol yesterday drew an overflow crowd and enthusiastic response. I have written hear before about water and this forum. It will prove to be an important step toward getting the Texas Water Plan funded in this legislative session. Continue reading
The National Association of REALTORS® has done a good job reporting the effect on the housing industry of the American Taxpayer Relief Act passed by Congress this week. Beyond the change in personal income tax rates that have filled virtually all news accounts, the Act also extends mortgage cancellation relief that has made short sale a … Continue reading
Just a quick roundup of reports in 2012, and a look forward to the 2013: ABJ’s top business stories of 2012 Austin’s jobless rate drops to 4.9% Texas locks up title of top magnet state Austin pushes past Oklahoma City to lead monthly economic rankings Austin No. 7 nationally in home price jump Austin No. 1 … Continue reading
While Austin isn’t the most affordable community in the U.S., we’re far from the least affordable. Continue reading
Yes, the Affordable Care Act imposes a new tax on capital gains, but it’s unlikely to hit you directly … Continue reading
I encourage my younger friends and prospective homebuyers to assume that 3.5% will NOT be the long-term mortgage interest rate. We are living in trying economic times with many historically unusual pressures. This too shall pass, and rates will begin to rise. Continue reading
Austin’s experience with residential property foreclosures remains very different when compared with many other cities and with national averages. Continue reading
Foreclosed properties represent less than 10% of YTD sales in the Austin metropolitan area, and less than 3 1/2% of available listings! Continue reading
If you assume operating expenses amounting to 15%, those ratios translate into a Capitalization Rate of about 5.5. That’s not stellar, but compare it to the likely return on many alternative investments and you’ll understand why this has been a fast-moving market this year. Continue reading
Even in one of the hottest metropolitan market areas in the country, there are huge variations in market conditions. Don’t read one article or watch a video about the seller’s market in Austin and assume it describes your property, or a property you may want to buy. Real estate is still very much a hyperlocal business, and you deserve detailed, professional consultation about your specific situation. Continue reading
Bill Morris on Austin Real Estate 