April 2007

How to write an Austin Craigslist Real Estate Ad

April 13, 2007

I post all of our Austin rental and sales listings on Austin Craigslist under the real estate section. It’s free and sometimes effective, so there is no reason not to post listings on Austin Craigslist, along with photos. In doing so, and in observing how user-unfriendly the Craigslist interface is from a real estate listing [...]

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Foreclosures Reshape Austin Neighborhoods

April 13, 2007

This news sippet below describes another of the reasons why we keep our investors away from cheap starter home neighborhoods in Austin. The starter home areas are generally populated with sub-prime borrows and first time buyers who are more subject to foreclosure and who generally don’t have the extra money to invest in the look [...]

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Austin Rental Market Update – March 2007

April 9, 2007

Average rents for single family homes in Austin jumped 10% in March 2007 over the same month a year ago, to $1301 per month. Median rent increased 8% to $1195, meaning half of all homes in Austin lease for more than $1195 and half for less. Average days on market for rental homes fell 18% [...]

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Austin Housing Starts Down – This is Good News

April 6, 2007

The article below is from today’s Austin Statesman. Builders have pulled back quite a bit on new home starts in Austin, mainly in the starter home market where many of the potential buyers can no longer qualify for loans due to the sub-prime mortage industry fall-out. The article states “Home starts in the $111,000-to-$150,000 range [...]

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