market knowledge

This tag is associated with 60 posts

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

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

Homebuyer Tax Credits Continue for Military Members

The tax credits that just expired for most of us continue for a year for many in the military. This is important … and right! Continue reading

Market Forecasts

I am pleased to see Austin among the 25 best, but I am equally happy to see us near the bottom of that list … for a number of reasons. Continue reading

New home sales surge

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

Rising Mortgage Rates — A Little Perspective

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

Distressed properties, distressed sellers

Don’t wait until it’s too late to admit you can’t keep up with your mortgage payments. Call me! Continue reading

They’re doing it again!

While Austin has certainly felt the effects of the recession, I see good news in the TWC data. Admittedly, I am a “glass is half full” kind of guy, but I can’t figure out how to interpret that actual data negatively! Continue reading

What price ranges are selling in Austin?

We all read and hear so much bad news about the national real estate market that keeping a realistic perspective about the Austin/Central Texas area is difficult. The average sale price in December 2009 was about 4% higher than in January 2008, and the median price increased about 2% during that same two-year period. Continue reading

Advice for first-time home buyers

I view my relationship with my clients as primarily consultative. I provide information about neighborhoods, commuting considerations, schools, potential property-related issues before and after inspections, etc. Good third-party advice is always valuable, though … Continue reading