Here is a rundown on who buyers and sellers are in Texas. I found it most interesting that 20% of buyers are single women, but only 5% are single men. You go girls! TEXAS (texasrealtors.com) – Last year, first-time homebuyers, with a median age of 33, accounted for 35 percent of existing homes purchased statewide, [...]

Another high-rise condo tower is in the works for Austin. I wonder how many downtown condo units Austin can absorb? These places aren’t cheap to own compared to a house of the same size in South Austin. From the article below, “Though prices haven’t been set for the 195 units, they are expected to start [...]

Suppose you were a renter interested in a house I own. In fact, it’s a brand new home I just finished building. I tell you that I’ll let you move in for no money down, but you’re going to be paying a monthly amount of $200 to $400 more than the market rent value of [...]

This is from the Austin Business Journal. It mainly discusses apartment rentals in Austin but the same econimic rules apply to houses and duplexes. I’ll also be posting my Rental Market update and 2006 summary soon. We’ve finally turned the corner and rents started heading back up in 2006 after 4 years in a row [...]