From: Wall Street Journal, by Nick Timiraos April 25, 2011 Falling home prices should give aspiring homeowners the upper hand this Spring, but in a growing number of locations, it doesn’t feel like a buyer’s market. Blame the nearly five-year slide of home prices. Those declines, which accelerated over the past two quarters, have left [...]
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From the Austin American Statesman, May 9, 2011 by: Shanda Novak A failed downtown-area condominium project could be revived as apartments, and a fast-food restaurant could give way to a boutique hotel-condominium project, as developers move to take advantage of Austin’s strengthening economy and an improved climate for construction financing. Crescent Resources is evaluating whether [...]
Read More...While housing, and homebuilding in particular, have taken a massive hit due to the Great Recession, many housing experts do not expect this trend to continue long term as more unemployed Americans get back to work, empty-nesters begin to downsize or build their dream homes, and ‘boomerang kids’ who were “doubling-up,” or living with their [...]
Read More...From: Austin Business Journal - April 7, 2011 A Central Austin condo project on Enfield Road will soon be complete after sitting half finished for three years. The project at 1603 Enfield Road has gone untouched since developer Tadd Coates of Bolter Corp. fired contractor Qmet Building Co. in August 2008, and the two wound through [...]
Read More...Source: Austin Business Journal - March 31, 2011 Austin city officials recently announced a proposed deal with San Jose-based eBay Inc. (NASDAQ: EBAY) to create 1,000 jobs over the next 10 years. The jobs would actually come from eBay subsidiary PayPal, which employs more than 250 here already. The city is offering a $1.2 million incentive [...]
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% [...]
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What are Central Texas homeowners are looking for when they commission a new house these days? Think greener, smaller, simpler and more contemporary. This trend is a bit of a departure from the longtime design desires of Central Texans, which have tended toward a “bigger is better” attitude, with traditionally styled single-family houses set on chunks of [...]
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It is tough times like this that really starts to differentiate the good realtors from the bad! Buyer and sellers, look around and if you see an active, successful agent, know that you are in very good hands! Success breeds complacency. In a great real estate market almost anyone in the real estate industry can [...]
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The lowest mortgage interest rates in almost 60 years, plus affordable homes in cities where buyers had been priced out for years, should be turning the housing market around. But the market also labors under some heavy burdens: a glut of foreclosures that are dragging down home prices, high unemployment and tight credit. Sales fell [...]
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Austin Business Journal – by Jeff Clabaugh Washington Business Journal (Thursday, October 7, 2010) Long-term mortgage rates hit new lows this week, on signs inflation remains in check. The average rate on a 30-year fixed-rate mortgage in the week ending Oct. 7 was 4.27 percent, down from 4.32 percent last week. A 15-year fixed-rate mortgage [...]
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