I read an interesting article today regarding below 0%. How could that be? Who would have predicted this situation 10 years ago? No one I know. Any way, here is a link to the blog by TAMURECON’s Dr Mark Dotzour.
http://blog.recenter.tamu.edu/2012/12/interest-rates-below-zero/Continue Reading →
Here’s an interesting article:
EAGLE FORD’S $25 BILLION IMPACT
SAN ANTONIO (Corpus Christi Caller-Times) – Activity in the Eagle Ford Shale had a $25 billion impact on South Texas in 2011.
A study from the University of Texas at San Antonio (UTSA) found that drilling and related activity paid $3.1 billion […]Continue Reading →
Existing-Home Sales Rise in March 2011
RISMEDIA, April 21, 2011—Sales of existing-home sales rose in March 2011, continuing an uneven recovery that began after sales bottomed last July, according to the National Association of REALTORS®. Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased […]Continue Reading →
WASHINGTON — Builders broke ground on more new homes last month, giving the weak U.S. housing market a slight boost at the start of the spring buying season. By Scott Olson, Getty ImagesA multi-family condominium project is under construction March 16, 2011 in Des Plaines, Illinois. Enlarge By […]Continue Reading →
COLLEGE STATION (Real Estate Center) – The Texas economy continues to outperform the U.S. economy, according to the Real Estate Center’s latest Monthly Review of the Texas Economy.
From March 2010 to March 2011, Texas gained 237,900 jobs, an annual growth rate of 2.3 percent. Over the same period, U.S. nonfarm employment rose 1 […]Continue Reading →
RISMEDIA, March 21, 2011—Generation X—young families and adults ages 31 to 45—are likely to lead the home-buying recovery as it gets underway, according to real estate experts who spoke at an educational webinar produced by the National Association of Home Builders (NAHB) in partnership with Builder […]Continue Reading →
Fortunately we have not been so affected by this downturn here in Texas…particularly in Austin. In 2010 home prices were up on average throughout the state. Probably this is due to some limitation of new home construction along with homestead laws that made it near impossible for borrowers to obtain more than 80% of the equity from their homes. We never had rampant run-up of values that some of these other markets acheived in the mid-2000’s. Texas experienced this type of crash in the late 80’s and early 90’s. There were foreclosures all through Austin, where on some streets almost all of the homes had foreclosure postings in the windows. Those were bad times in central Texas. A lot of that was brought on by unfettered growth in the years immediately preceding 1988. There were 100’s of vacant houses in area’s that you would never imagine that to be so. This devastation turned (on a dime) in 1992. By 1994 most of the “reasonable” equity acheived during the boom of 1985 had been equaled or surpassed. LouisContinue Reading →
Interest rates are going up. This could be temporary, but it probably isn’t. Be prepared for interest rates to rise quickly, then level off and even get a little better. Each bump will probably leave us with a little higher interest rate.Continue Reading →
Investor activity has been on the increase. Low rates and favorable terms on some foreclosures present one of the best opportunities for investors in recent years. Many of the leading predictors see Austin as one of the top spots for real estate investment. I’m sticking with my prediction that buying a FNMA foreclosure is […]Continue Reading →
An Ever Changing and Challenging Landscape
Yes the times are a changing in the real estate world as we’ve known it. The advent of the internet, iPhone and iPad and other available technology coupled with mapping and GPS technology, the data collection of Trulia, Zillow, Google and others and wallah, you have a brave new world of information at your finger […]Continue Reading →