The downtown Austin apartment market continues to show strength. A recent announcement for a new high-rise luxury apartment building is a good indication of the confidence that investors and developers have in the urban core rental market.
A grant has made funds available to Austin residents who may be exposed to toxic lead paint for safe removal. The program has income limits and a child requirement, but for those who qualify the labor and materials are free. Because lead paint was banned for use in residences in 1978, only homes built before that date will qualify for the program. Continue reading
With the recent devastation due to wildfires in the Central Texas region, we thought it would be appropriate to outline the impact wildfires can have on real estate and the housing market. While not specific to the most recent fires, these are common effects a wildfire can have on a local market. Continue reading
We have recently covered a couple of stories regarding Mortgage Insurance. In response to our posts, we’ve received a number of questions asking us “What is Mortgage Insurance?” This post sets out to explain what Mortgage Insurance does, why it exists, and who benefits.
Mark Sprague, Director of Business Development at Mission Mortage of Texas, Inc, was recently asked questions regarding the housing market in Austin. We are sharing the questions and Sprague’s answers to the most recent questions. To learn more about new home starts, top builders, most popular subdivisions, and more, please read the full story… Continue reading
The Central Texas region has been dramatically impacted by the recent wildfires, some of which continue to burn. Thousands of people have been displaced with many still under mandatory evacuation orders until it is safe to return to their neighborhoods. In an effort to help those who have been impacted, we are providing a list of ways that you can help. Continue reading
The Consumer Credit Reporting Companies are permitted to include your name on lists used by creditors or insurers to make firm offers of credit or insurance that are not initiated by you. You have the right to “Opt-Out”, which prevents Consumer Credit Reporting Companies from providing your credit file information. Continue reading
As of August 19, 2011 the number of private companies offering Mortgage Insurance policies decreased by one as PMI Mortgage Insurance Company was ordered to cease the creation of new coverage. While PMI still manages a large pool of previous policies, without the ability to write new business, the long-term survival of the company is in question.
Mark Sprague is quoted in a recent Austin American-Statesman article about the state of the Austin housing market and the July resales results. Mark provides his comments about affordability and the stregth of Austin’s economy. July saw a slight downtick in sales from June and a significant (tax credit influenced) increase over last July. Continue reading
Buyer satisfaction is down. Seller satisfaction is up. This despite some of the lowest mortgage interest rates in history and an abundance of inventory. The primary factor in buyer satisfaction is the real estate agent. The primary factor in seller satisfaction is additional services provided. Continue reading