Archive for June, 2009

Monetizing the First Time Homebuyers Tax Credit

Thursday, June 25th, 2009

A new program that the Texas Department of Housing and Community Affairs (TDHCA) released on Monday, June 22nd. Many buyers may already know, the American Recovery and Reinvestment Act of 2009 provides a federal tax credit to first-time homebuyers that is equal to 10% of the purchase price of their home up to $8,000. In […]

Bond Market & Interest Rates

Thursday, June 25th, 2009

Added supply has been one of the main culprits behind the recent sell-off in Bonds and corresponding climb in home loan rates. So where is that supply coming from? First, all those refinances you’ve heard about lately are actually turned into Mortgage Backed Securities after they’re closed, which adds more Bonds to the market. Plus, […]

Austin Market Stats: May 2009

Thursday, June 18th, 2009

This Month In Real Estate: June 2009

Thursday, June 18th, 2009

Each month, This Month in Real Estate provides expert opinion and analysis on real estate trends across the nation. The aim of the consumer-oriented segments is to help combat the “doom and gloom” messages of the national print and television media with real information on real estate. If you have any questions about the Austin […]

Report: Austin will be 5th fastest growing U.S.metro in coming years

Sunday, June 7th, 2009

The population of the Austin metro area will grow to more than 2.7 million by the year 2025, according to an analysis of government data by bizjournals. The projected growth rate of Austin and its suburbs ranks 5th among 250 U.S. metropolitan areas studied in the report. Bizjournals forecasts that the Austin-Round Rock area will […]

Pending Home Sales Rise in April

Wednesday, June 3rd, 2009

The number of U.S. homebuyers who agreed to purchase a previously occupied home in April posted the largest monthly jump in more than seven years, a sign that sales are finally coming to life after a long and painful slump. The National Association of Realtors said Tuesday its seasonally adjusted index of sales contracts signed […]

The Austin Economy

Monday, June 1st, 2009

When the Texas Legislature adjourns next week, this is certain: Texas will have a balanced budget with no tax increases and there will a big increase in its Rainy Day Fund “savings account.” Look around you. No other major state can make those claims. Members of the Texas House and Senate will leave Austin this […]