Archive Monthly Archives: May 2006

Austin Blues Legend Clifford Antone Dies

Clifford Antone

When I moved to Austin in 1985, it wasn’t long before I found myself in Antone’s blues club on Guadalupe Street north of the U.T. campus. I’d never been in a live music club like it before, there was something special about it. I loved that place and I loved the music. I even met […]

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Austin Sales Market Stats for April

April Average and Median Sales Price

April stats are below. Same story as all year thus far. Inventory is shrinking, prices are rising. It’s a stead climb, not a ‘boom’, but there are within the market certain areas that are booming, and showing very strong sales. I’ll try to post a breakdown of MLS areas later this month when I get […]

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Why We Advise Against Buying in Austin 4Plex Neighborhoods

Caution when buying 4plex for investment

I often receive inquiries from investors who are dead set on achieving the best cash flow possible from the property they purchase. This is shortsighted, in my opinion, and often leads the buyer to consider 4-plexes in Austin, which I mainly advise against. In fact, unless the 4-plex happens to be situated in a quality […]

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Home Sizes Likely to be Further Limited in Austin

Home size limited in Austin

This is from last week’s Austin Statesman. Proposed home size restrictions are more restrictive than the temporary restrictions currently in place under the building moratorium. I have mixed opinions about this sort of building limitation. In general I think the limitations are OK if the policy allows for a reasonable exception or variance in those […]

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Do Buyer Agent Bonuses Help Sell a Home?

Buyers Agent Commission

I just received a voicemail message from the listing agent of a home I previewed a couple of days ago for one of my out-of-town buyers. The message from the agent was “just want you to know that we are now paying a $2,000 Buyers Agent Bonus on a full price offer!”. Does this motivate […]

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Austin Leasing Update – April 2006

Leasing Market Update

The Leasing Market in Austin is still holding steady, with minor gains over April a year ago. Property Managers I talk to tell me they are starting to increase rents very selectively in some of the stronger areas closer to downtown, and with some of the better homes. This is still a renter’s market, but […]

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