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Mortgage Resources for
August, 2006

Record Breaking Austin Home Sales Continue

Austin-area home sales set a record in July for the fourth consecutive year. According to the Austin Board of…

Real Estate Expert Predicts Austin Housing Market Will Remain Strong

Central Texas has all the right stuff to maintain a robust housing market, even as many parts of the country experience a slowdown in sales, a Texas real estate expert says.

Thanks to a shrinking supply of homes, rising home prices and the region’s job growth, a key driver of housing demand, the Central Texas housing market is on track for a record year, said Mark Dotzour, chief …

Outside Investors & Leander Affordability

Besides a huge upswing in relocations to the Austin area, there’s also high demand for real estate in the surrounding areas. Investors outside the state, especially those from places like Florida and California, see the prices in suburbs such as Leander, study the growth and value expectations, and see the real estate options as a true bargain. Compared to…

San Marcos Homes For Sale: Forecast

Expert forecasters like Metrostudy think that the rest of 2006 will continue to remain a good year for San Marcos home sales—as long as we remain realistic about inevitable market fluctuations and get back to…

Other Reasons why now is a prime time to buy

…So why am I posting this in a real estate blog? Two reasons… First, with the price of gas going up and up, more people will be on the internet rather than on neighborhood streets looking at homes. Search Austin listings online now. Second, there are a lot of building materials that require petroleum. Gas or diesel…

Lakeway & Bee Cave Brace For Growth

Lakeway is home to about 11,500 mostly affluent residents - the median household income is $104,000. Located on Lake Travis’ southern shore, the town has a population that is expected to grow to about 15,000 in the next four years.

Dripping Springs Housing Market Intensifies

Dripping Springs) - Dripping Springs in Hays County is changing. The biggest indicator of growth is a proposed 55-acre commercial development at the southeast corner of US 290 and RM 12. The retail project, by developer Barshop and Oles Co., would be anchored by an
H-E-B grocery store and a Home Depot. The city’s Planning and Zoning Committee will review the proposal next month and is expected to approve it, City Administrator Michelle Fischer said. Master-planned residential projects are popping up…

Donated Georgetown Land becomes new homesite

…Dubbed Old Mill Village, the project sits on land formerly occupied by a cottonseed oil factory, closed in 1961. Owners of the Old Mill property donated the three-acre site to the Georgetown Habitat in 2004. Since that time, the group has spent about $300,000 preparing the site for homes. Through partnerships with the City of Georgetown, Williamson County and private businesses, Habitat has put in sewer and water lines, curbs and sidewalks. Once Habitat finishes the project, the nonprofit expects the site to be worth about $2 million. It will comprise a mixture of one- and two-story homes,…

Record Setting Austin Home Sales

Halfway through 2006, the Austin Board of Realtors says the city’s housing market is on track to have another record-setting year. According to its latest Multiple Listing Service Report, from January to June 2006, a record 13,073 single-family homes sold in Austin - a 13 percent increase over the same period in 2005.

Austin Housing Market Still Going Full-Speed

“…So if you think a $700,000 home is expensive, remember this: to someone coming from California, it’s a steal. And investors are flocking to Austin real estaste looking for the next “California Real Estate Investment Extravaganza” People will say, ‘How are they paying for their mortgages?’ They are paying cash because they are taking equity out of their previous home and buying here,” said Sprague. “Real Estate Investors are looking at Austin and going, ‘Where is the next California?…”

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