Picky, picky, picky! Are today’s first-time home buyers passing up great deals because they insist on flawless “move-in ready” houses requiring little or no changes – even at the starter-home price levels at which shoppers traditionally have been willing to factor fix-ups and renovations into their offers? Or are they simply reflecting market realities? They [...]
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by SHELTON GREEN It is not surprising to many people that Austin has the highest apartment rents of any city in Texas, but what some may find compelling is that the Capitol City saw the largest, fastest, and highest jump in apartment occupancy this year compared to last. According to A.L.N. Apartment Data, Austin’s apartment [...]
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The rich are different from you and me: They’re buying real estate. After four straight years of declines, sales of million-dollar homes and condos rose last year in all 20 major metro areas, according to DataQuick Information Systems. On average, these cities saw an 18.6% jump in high-end home sales. San Jose, Calif., had the [...]
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Warren Buffett is looking for acquisitions as an outlet to deploy his $38 billion cash pile, the legendary investor said in his annual letter to Berkshire Hathaway Inc shareholders on Saturday. Buffett gave an aggressive earnings forecast for Berkshire’s collection of businesses, said the company would engage in record capital spending and forecast a recovery [...]
Read More...Austin Community, Austin economy, Austin News, Austin Real Estate News, Uncategorized
Apartment occupancy levels, a healthy resale supply and new home inventory at record lows put Austin in a positive position in 2011, according to a recent report by Metrostudy, a national housing data and consulting firm that maintains the most extensive primary database on residential construction in the US housing market. “With economists forecasting 2% [...]
Read More...Austin Community, Austin economy, Austin News, Austin Real Estate News, Real Estate
AUSTIN (Austin Business Journal) – 1/7/2011 – MPF Research predicts the Texas capital will become the country’s second best apartment industry performer this year, just behind San Jose, California. Austin’s apartment occupancy increased 3.6 percentage points over the last year to 93.5 percent, one of the nation’s strongest increases. Austin’s occupancy is anticipated to rise an additional [...]
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December 3rd, 2010 – Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), which found that the both fixed- and shorter-term mortgage rates rose this week. This was the third week in a row where fixed-rate mortgage rates were up. 30-year fixed-rate mortgage (FRM) averaged 4.46 percent with an average 0.8 [...]
Read More...Austin economy, Austin News, Austin Real Estate News, Real Estate
Austin was ranked as having the 26th best economic recovery worldwide, the highest rank of all U.S. cities, a report from the Brookings Institution said Tuesday. The analysis ranked 150 cities according to three main indicators between 1993 and 2010: employment growth, per-capita gross value added and income per person. The group said Austin employment [...]
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Daily Finance, the money and finance site from AOL, identified the best cities for telecommuters – looking at places that provide a big-city experience at a small-town price. “In most lists of the best telecommuting cities, the focus is on local technology and the quality of Internet access. But as high-speed broadband and wireless options [...]
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The U.S.’ emerging cities are not experiencing the kind of super-charged growth one sees in urban areas of the developing world, notably China and India. But unlike Europe, North America’s population is slated to expand by well over 100 million people by 2050–much of this growth in the U.S. and much of it driven by [...]
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