August 2005

South Austin Area 10 Prices Rising, Finally

August 9, 2005

Austin Area 10 (South Austin) is finally starting to see price increases after 3 flat years. Today one of my investors closed on a home in South Austin. The sales price was exactly the same price the sellers paid when they purchased the home in 2002. This made me wonder if South Austin real estate [...]

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Investor Says Austin in Top 5 of places to Invest in Rentals.

August 6, 2005

Reading this week’s Austin Business Journal (Aug 5-11, 2005, Vol 25, Num 20), there was an article “Colonial investing $87M in Austin”. Often, when talking to investors as well as regular buyers and sellers in Austin, I am asked questions about the Austin economy and the Austin real estate market. My response will usually start [...]

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Young Lovebird Real Estate Investors Have Mis-placed Priorities

August 6, 2005

I just read this month’s issue of Money Magazine. An article in it (‘Young, in Love and in Too Deep’ – August 2005 page 39) profiles a young couple, both 23, not married or engaged, who have bought a $299,000 home together in Florida. They can’t afford furniture, don’t relate to the neighbors (who are [...]

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Steve’s Austin Rental Market Update – August 2005

August 4, 2005

By Steve Crossland Average rents in Austin are rising each month in 2005 according to MLS Leasing stats. It’s too soon to know if this marks a turnaround for the Austin Rental Market, but the trend is encouraging for residential landlords and Property Managers. See the graphs and details below.

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