Archive Monthly Archives: October 2006

Forecast: Austin Real estate boom to continue in 2007

From today’s Austin Business Journal email newsletter. The report doesn’t contain info about residential sales and is focued on the commercial side. But as commercial goes so does residential. The new jobs filling the commercial space are the same people moving into Austin and buying homes. Source: Austin Business Journal With rents and occupancy rising […]

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Posted by Steve
11 years ago

Questions Families Should Ask Before Buying

Here is a snippet I got from Realtor Magazine. It’s a pretty good list, but I would add to it “How are the schools in the neighborhood”? Good schools are a very important factor for most families with kids. Family real estate specialist Elena Thurston, an associate with Keller Williams Realty in Phoenix, tells buyers […]

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Posted by Steve
11 years ago

California Home Prices Decline in 8 Counties

Why do we care about California Home prices in Texas? A large number of Austin area buyers, especially investors, are from California. Many of these buyers have either cashed out of homes in California and moved to Austin, or they have used equity in California real estate to finance investments in Austin. This is not […]

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Posted by Steve
11 years ago

Despite Warnings, Consumers Opt for Riskier Loans

Source: The Washington Post, (10/24/06) Borrowers continue to choose risky nontraditional mortgages, even after state and federal regulators have issued widespread warnings about the unstable and rapidly rising payments associated with this kind of financing. About 26 percent of mortgage loan originations by dollar volume in the first six months of 2006 were interest-only loans, […]

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Posted by Steve
11 years ago

Austin Real Estate Market Update – September 2006 Sales

Below are the sales stats for September in Austin, houses only (no condos or townhomes). The average sales price across all MLS areas in Austin is up 5.89% over September of 2005. The most important factors in Austin’s real estate market at this time are shrinking inventory and continued strong demand. Overall, Austin has less […]

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Posted by Steve
11 years ago

Austin “Just Sold” Marketing Allowed to Show List Price Again

Just Sold Sign

Austin Realtors may now advertise a sold property’s list price in marketing pieces and on Web sites again. This has been disallowed in recent past, for reasons which I never completely understood or agreed with. The rule change does require that marketing materials have the words “List Price” next to the list price, lest a […]

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Posted by Steve
11 years ago