Archive Monthly Archives: June 2008

My Interview on Keye42 News last night

I received a call from a KEYE42 News reporter yesterday wanting to interview me about the impact on gas prices on suburban areas further away from Austin. I said “ok”. The link to the piece they showed is below. Keye42 Real Estate Interview The interesting thing to me about these interviews is how the final […]

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Posted by Steve
10 years ago

Living in a World of Low Accountability and False Pride

I had to hold accountable a sheetrock guy the other day because he spent money advanced for a job on his personal bills instead of the job. Then he whined and complained when I temporarily fired him and refused to advance further funds. There is a process I follow when holding others accountable to the […]

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Posted by Steve
10 years ago

Austin Real Estate Market – May 2008 Update

The average sales price for houses in Austin increased 5.14% in May from $259,958 in May 2007 to $275,711 May 2008. Sales prices had been flat or falling since Feb 2008, but May has us heading the other way again. We continue to have a large number of “failed sales” listings though, and days on […]

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Posted by Steve
10 years ago

Location now has more weight in home selection

I have my first anecdotal evidence that gas prices will hurt values in far flung areas and help real estate values in closer areas of Austin. I just helped someone relocate from Wimberley to Austin. The reason for the move? Gas prices have made the commute costs unacceptable. For this individual, the tipping point was […]

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Posted by Steve
10 years ago

Missed Flip Opportunity or Prudent Caution?

A couple of months ago I made an offer on a home to flip. I’m not actively looking for homes to flip in Austin, and I don’t help buyers locate flip opportunities, but when I come across a candidate property that I like, I’ll make a run at at. All of my attempts the past […]

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Posted by Steve
10 years ago

Southwest Austin Future Looks Solid

This article about real estate in Southwest Austin was emailed to me today. It supports what we’ve been telling investors and buyers for almost three years now – South and Southwest Austin are the places to buy real estate in Austin. Nicely written, the article is from the online “Community Impact Newspaper“. Here you go: […]

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Posted by Steve
10 years ago