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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
It is encouraging that funding mechanisms for water infrastructure and the Texas State Water Plan are getting attention in preparation for the legislative session than opens in January. One prominent leader proposes what sounds like a very sensible use of dollars that are already in-hand. Continue reading
There is less water in the lakes today than we used in 2011. There are legitimate discussions to be had about how funding of the State Water Plan should be done, but it must be done during this legislative session Continue reading
As of October 2012, we have seen 17 months of year-over-year growth. Even in Austin, the past few years have been challenging but there is every reason to believe that 2013 will be a solid year in Austin real estate. Not all homes in all neighborhoods will be affected the same way, so consult a real estate professional about your specific situation. Continue reading
