Distressed Property Sales on the Rise. Foreclosures, Short Sales and REO’s, OH MY!

March 24, 2011 by · Leave a Comment 

We live in a city of plenty… Plenty of Jobs, Plenty of healthy, fit people, And plenty of foreclosures. This is not something you normally associate with Austin, Texas. Despite being one of the strongest real estate markets in the country, we still have a black eye. Last month, about 22%of all real estate sales […]

Foreclosed Homes up for Auction

March 11, 2011 by · Leave a Comment 

The next Austin foreclosure auction is coming up soon. The banks are set to liquidate some great properties and if you are thinking of investing, this is the perfect opportunity to pick up some properties at a fraction of their true value. There are a few things that you should consider before running out and […]

Austin Real Estate Market on the Rise! Download our February 2011 report here.

February 15, 2011 by · Leave a Comment 

The positive vibes in the economy have finally landed in Austin. Home sales are up for the second month in a row. There is also a strong number of homes under contract, which shows us that sales will continue to be strong through February and into March. The number of homes coming on the market is […]

Cash Buyers in Austin

February 8, 2011 by · Leave a Comment 

The front page article in this morning’s Wall Street Journal, “Cash Buyers Lift Housing”, is a must read for those of you thinking of buying a home in 2011. WSJ’s Mitra Kalita starts her article by saying that, ‘Buyers in markets around the U.S. are snapping up homes in all-cash deals, betting that prices are […]

Stabilizing Home Values in Austin

January 20, 2011 by · Leave a Comment 

   With fully 14% distressed “Solds” in Austin (and that number could grow), there’s a new term to know…Neighborhood Stabilization Program (NSP). This government program is an effort to help stabilize neighborhoods in distress. A foreclosed home can bring down the value of the entire neighborhood, especially with the changed appraisal regulations. Congress created the […]

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