New Law for Property Tax Homestead Exemption Applications

September 9, 2011 by · Leave a Comment 

NEW LAW TAKES EFFECT FOR PROPERTY TAX HOMESTEAD EXEMPTION APPLICATIONS Under a law passed by the Texas Legislature homeowners who apply for a new property tax homestead exemption beginning Sept. 1 must provide proof to the county appraisal district that they live in the house they claim as their principal residence. House Bill 252 requires […]

Months of Inventory: Spotlight 78703

July 21, 2011 by · Leave a Comment 

The key statistic you need to use to show the current relationship between inventory and demand is a term called “Months of Inventory.” It is the number of homes for sale divided by the number of homes sold the month before. It is like an absorption rate and has always been a good way of […]

2011 July Austin Advanced Market Report is Here!

July 20, 2011 by · Leave a Comment 

The Austin real estate market continues to strengthen: higher demand (sales) with a stable inventory (homes for sale). With interest rates not changing, current high occupancy rental rates and positive inward mobility the average/medium value of 85% of the homes in Austin have stabilized. In some areas, price ranges and zip codes we are seeing […]

Travis Heights is Close to Home

July 15, 2011 by · Leave a Comment 

Today, Travis Heights bustles with activity. Its close proximity to downtown makes it one of the most sought after neighborhoods in the city. Funky, off beat places line South Congress Avenue just to the west with the likes of Lucy in Disguise costume shop, Uncommon Objects antiques, Ten Thousand Villages and lots of fun food trailers like Hey Cupcake and and The Flying Carpet Moroccan Burgers. Now trendy restaurants, boutique hotels, bars and live music venues like the Continental Club rock the neighborhood nightly. Upscale restaurants like Perlas in this popular SoCo area have been featured by traveling chef Anthony Bourdain, and Kendra Scott launched her spectacullar jewelry line here and has her store front nearby. Guero’s, a former Old Austin grain and feed store, is now a popular lunch or dinner stop with a killer new outdoor stage. Hotel San Jose draws movie stars, politicians and musicians from all over the world seeking a little bit of what makes Austin weird.

June Market Report is Here–Download it Now!

July 1, 2011 by · Leave a Comment 

Why is the Austin market so strong compared to the rest of the country? Simply stated: • Home prices over the last three years have not drop substantially compared to other markets. For homes under $700,000, 95% of our market, prices have stabilized or are starting to increase in value. • Fewer Austin home owners […]

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