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$8000 tax credit first time home buyer

February 20, 2009

The $787 billion U.S. Stimulus Plan was signed by President Obama on Tuesday, 2/17/09.  The Homebuyer Tax Credit portion of the bill provides for an $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009.  TheRead More

$8000 Tax Credit for first time home buyers passed by the House

February 14, 2009

According the the National Association of REALTORS® website, “H.R. 1, the “American Recovery and Reinvestment Act of 2009,” passed the House on February 13, 2009, by a vote of 246 – 184.  The Homebuyer Tax Credit bill provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase ofRead More

Austin Texas Real Estate Market Update and Statistics January 2009

February 1, 2009

Median sold prices for Austin homes (single-family) are down 2.2% and the number of homes sold is down 47% for January 2009 compared to January 2008.  Bank rates for a 30 year fixed mortgage remained low at 5.33% as of 2/1/09 according to  With fewer homes being purchased and with low interest rates, thisRead More

Austin Unemployment and Austin Real Estate Market Update December 2008

January 24, 2009

Austin unemployment continued to increase in December 2008 to 5.2% from the 2008 low of 3.3%.  Austin sold prices year-to-date (January 1-23) have decreased slightly by 2.4% compared to the same time period during 2008 and the number of homes sold has decreased by almost half (48%).  During the first 23 days of January 2009Read More

Ridge at Lantana home for lease | 5817 Kempson Drive

January 24, 2009

THIS HOME WAS LEASED IN MARCH 2009 BY BRIAN TALLEY OF REGENT PROPERTY GROUP LLC AND IS NO LONGER AVAILABLE FOR LEASE.  CONTACT BRIAN TALLEY AT 512-554-9714 WITH ANY QUESTIONS. 5817 Kempson Drive (MLS#5379335) is located in the Ridge at Lantana subdivision in the heart of the Texas hill country near the intersection of SouthwestRead More

Low mortgage rates | Low interest rates make it attractive to buy in Austin, Texas

January 23, 2009

Low mortgage rates are making it very attractive for qualified buyers to purchase an Austin home.  For those homeowners that don’t have enough space in their existing home, the low mortgage rates are providing homeowners a good opportunity to move up into a larger home.  Freddie Mac began tracking mortgage rates in April of 1971. Read More

Austin Energy Green Building Residential Program

January 22, 2009

The Austin Energy Green Building Program provides consulting, resources, and education to help consumers build environmentally-sound homes and workplaces.  Some of the benefits include better health, greater comfort, lower utility bills, less maintenance, and lasting value.  According to the Austin Energy website, Austin Energy Green Building is the nation’s most successful utility-sponsored sustainable building program.Read More

What is a VIP Inspection and where do you go to get one?

January 15, 2009

When a homeowner has trouble obtaining affordable property insurance due to the fact that insurers believe that their home will generate too many claims, a VIP Inspection or Texas Voluntary Inspection Program offers homeowners an alternative way to get affordable insurance.  Under the VIP Inspection program, a home receives a "certificate of insurability" if itRead More

Be Prepared for closing on the purchase of a home!

January 10, 2009

Between working with a REALTOR®, a mortgage broker or lender, and a title company, a buyer of a home might think that they would be informed of everything necessary to prepare for the closing date on the purchase of a home. Unfortunately, this is not always the case due to the lack of communication, peopleRead More

What does the Austin Board of REALTORS® consider the Greater Austin Area?

January 1, 2009

When conducting a search in the MLXchange, the tool used by REALTORS® with the Austin Board of REALTORS®, which includes myself, the user can choose from any of the below cities to conduct a search for homes in the "greater Austin area."  These "greater Austin area" cities include the cities of Academy, Adina, Airville, Albert, Alum Creek,Read More