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FHA Raises Fees on Mortgages

On February 27, 2012, the Federal Housing Administration announced mortgages backed by FHA will soon see a rise in fees. In particular, FHA will increase two fees that borrowers pay. Starting April 1, it will increase its annual mortgage insurance premium for all loans by 10 basis points (.10 percent), bringing the total cost from […]

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2012 Economic Forecast by Ted Jones

The annual Economic Forecast hosted by Gracy Title on Wednesday promised increased activity for our local real estate market. The link below contains the presentation given by Ted Jones, Senior VP – Chief Economist for Stewart Title Guaranty Company: http://horizonrealtyaustin.com/agent-docs/go/122af16958c6459f51d896560f609b3d/

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Austin Ranks No. 2 for Tech Startup Jobs

According to Payscale.com, San Francisco topped the with its median tech startup salary of $84,400 and the most startup job opportunities of the 50 cities that were studied. Austin, Texas, ranked second, beating Seattle despite a lower median salary: $66,600 compared to Seattle’s $74,900. Austin’s large number of available startup jobs gave it the edge. […]

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Austin home sales up 10% in January!

According to the Multiple Listing Service (MLS) report released by the Austin Board of REALTORS, 1,051 single-family homes were sold in the Austin area in January 2012, which is 10 percent more than January 2011. The Chairman of the Austin Board of REALTORS, commented, “It is encouraging to see last year’s momentum continue into the […]

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Top 30 Reasons Why Austin is a Great Place to Live

Click here to learn the top 30 reasons why Austin is such a phenomenal place to live!!

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Austin remains popular with foreign real estate investors

Austin has moved up a few spots on a list of top U.S. cities favored by foreign real estate investors, according to a survey three weeks ago by the Association of Foreign Investors in Real Estate.  Austin moved up to #8  from #11 last year. Houston took #7 and Dallas was #13 after not ranking […]

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Chamber of Commerce of Texas – 2012 Economic Forecast

The following link takes you to a 72 page slide show from the Chamber of Commerce of Texas 2012 Economic Forecast.  The comprehensive presentation by Jesse Thompson gives details on the Texas economy including research graphs on various industry sectors.   http://wcctconnect.com/downloads/The_Texas_Economy_January_2011.pdf

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2011 Year-in-Review Heat Maps

Click here to view two heat maps of Austin and surrounding areas showing “Median Price Change” and “Number of Properties Sold” when comparing 2010 to 2011.

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Home sales outpace prior year for 7 straight months

According to the Austin Board of Realtors and the Multiple Listing Service (MLS), single-family home sales in December 2011 outpaced the same month of the prior year for the seventh straight month, and year-end figures show momentum in Austin real estate heading into 2012.  2011 ended with increased sales volume, stable prices and strong demand. […]

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2012 Austin Housing Market Forecast: Positive Trend to Continue

According to the Fourth Annual Housing Forecast held by the Austin Board of Realtors and Home Builders Association, the housing market in Austin will continue to see improvement in 2012.  Austin’s housing market saw growth in 2011 and that trend is expected to continue in 2012.   Austin’s job growth, increasing population and tightening rental […]

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