Archive for May, 2009

HOMEBUYER TAX CREDIT CAN IMMEDIATELY HELP THOUSANDS OF FIRST-TIME HOMEBUYERS TO BUY A HOME

Saturday, May 30th, 2009

Speaking to the National Association of Home Builders Spring Board of Directors Meeting, U.S. Housing and Urban Development Secretary Shaun Donovan today announced that the Federal Housing Administration (FHA) will allow homebuyers to apply the Obama Administration’s new $8,000 first-time homebuyer tax credit toward the purchase costs of a FHA-insured home. Donovan said that today’s […]

Short Sales

Wednesday, May 27th, 2009

Many sellers in today’s market have little or no equity, or simply, the seller owes close to or more than the property is worth. In these situations, lenders are apt to accept less than the full amount due, commonly referred to as a ‘short pay’ or ‘short sale’. Many folks who are ‘upside down’ on […]

Austin Market Stats – April

Wednesday, May 20th, 2009

Austin Down-Payment Assistance Program

Wednesday, May 20th, 2009

The Down Payment Assistance Program (DPA) provides qualified, first-time homebuyers, with a zero interest loan to assist with purchasing a home located within the Austin City Limits. DPA funds cover the down payment and eligible closing costs and pre-paid expenses associated with buying a home. The DPA Program options are as follows: Standard DPA: Up […]

Credit is Key to Real Estate Recovery

Thursday, May 14th, 2009

Improving the availability of credit and access to capital are essential to recovery in the real estate market. Addressing these challenges was the focus of the “Financing Real Estate for Tomorrow” session, part of the National Association of Realtors®’ day long “Real Estate Summit: Advancing the U.S. Economy.” “As the leading advocate for housing issues […]

This Month In Real Estate: May 2009

Wednesday, May 13th, 2009

I thought you would want to see the latest in a series of news reports on real estate trends. It’s called “This Month in Real Estate.”We understand how hard it is to escape the national media’s dire predictions for home buyers and sellers in today’s market.But there’s another side to the real estate story: this […]

Forbes ranks Austin No. 8 on best places for biz list

Wednesday, May 13th, 2009

Forbes.com ranks Austin the 8th best place for business and care-ers in its latest list. Texas’ Capital City rose significantly from 47th on last year’s list. Austin was behind cities such as No. 1 Raleigh, N.C. And No. 4 Fayetteville, Ark. The list was ranked according to factors such as cost of doing business and […]

The Economy

Monday, May 11th, 2009

“Reality is the leading cause of stress amongst those in touch with it”. Lily Tomlin The reality of our current economy is stressful for many of us, is there some good news out there? This past Friday’s job report shows we lost 539,000 jobs in April. The expectation had been 610,000. This represents the smallest […]

Austin Market Stats – March

Monday, May 11th, 2009

Experian FICO Credit Scores No Longer Available

Monday, May 11th, 2009

As of February 14, information on Experian credit scores will be more difficult for consumers to obtain. Experian will no longer sell its information through MYFICO.com or any other external credit reporting agency. Consumer may still receive the free credit report that they are entitled to by law through the Annual Credit Report request service […]