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Texas Still Good Value for Homebuyers | Print |  E-mail
Monday, 17 November 2008 22:52
Texas continues to be a better value than the rest of the country when it comes to buying a home, according to the latest Housing Affordability Index (HAI) numbers.  Texas finished second quarter 2008 with an HAI of 1.55. The United States' HAI was 1.27.

The index is the ratio of median family income to the income required to qualify for an 80 percent, fixed-rate mortgage to purchase the median-priced home.

“Nationally, housing affordability has improved considerably as the overall median home price continues to descend from its record high in mid-2006,” said Dr. Jim Gaines, research economist with the Real Estate Center at Texas A&M University. “As the HAI figure suggests, Texas remains even more affordable despite the fact that home prices in the state increased modestly during the first half of the year.”

The Texas HAI has been updated on the Center's website. To view the index, click here. An index for first-time homebuyers is also available. Click here to view.

11/14/2008 Real Estate Center at Texas A&M University
 
Texas’ foreclosure numbers a mixed bag, report shows | Print |  E-mail
Monday, 17 November 2008 22:44
There’s good news and bad news to report on the Texas foreclosure front.

According to the recent report compiled by Irvine, Calif.-based ReatlyTrac, over the month of October 2008, a total of 9,900 homes in Texas entered the foreclosure process — a 19.4 percent decline from the volume of filings posted in October 2007.

The October number does, however, mark a 7.7 percent increase from the number of filings posted during the month of September 2008. For the month of October, Texas is ranked as one of the top 10 states in total foreclosure postings — coming in at No. 9, with a total of 9,900 home-foreclosure filings.

At the top of the list are California, with a total of 56,954 foreclosure filings for the month of October; Florida, 54,324 filings; and Arizona, a total of 17,507 filings for the month of October.
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Mae's, Mac's New Loan Program | Print |  E-mail
Friday, 14 November 2008 00:00
In an effort to push down mounting foreclosures, Fannie Mae and Freddie Mac announced on Tuesday a new mortgage program that would expedite the process for modifying loans, which could help hundreds of thousands of homeowners avoid foreclosure.

Qualifying borrowers would have their interest rates lowered or loan principal reduced. But they would eventually have to pay back the full loan, either by extending the life of the payments or adding a one-time payment when the house is sold. Monthly payments would not exceed 38 percent of a household’s income.

Borrowers would have to show that they can afford a new loan, but they wouldn’t have to undergo the underwriting and credit-score process.
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Austin among top 20 greenest cities | Print |  E-mail
Monday, 22 September 2008 00:00

Austin ranks 14th on the latest list of greenest U.S. cities from SustainLane.com.

Texas’ Capital City moved up one place since the last time SustainLane compiled its rankings in 2006.

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Austin–Round Rock Ranked Fourth in America's Best Performing Cities | Print |  E-mail
Saturday, 20 September 2008 20:31
Austin-Round Rock ranked fourth in America's Best Performing Cities:  Where America's Jobs Are Created and Sustained.

Each year, the Best-Performing Cities index ranks U.S. metros based on economic growth. It includes both long-term and short-term measurements of employment and salary growth, plus indicators of high-tech output.
  This year's rankings of where America's jobs are being created and sustained shows the impact of a broad rebound in the technology sector, along with strong activity in exports and energy production.
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Round Rock ranks 13th safest City in U.S. | Print |  E-mail
Monday, 14 July 2008 14:46

The City of Round Rock ranks as the 13th safest city in the United States, according to a national survey of crime statistics of cities with a population of 75,000 or more.

The survey, released Nov. 19, 2007, by CQ Press, used rates for murder, rape, robbery, aggravated assault, burglary and motor vehicle theft for its rankings. All cities of 75,000 population or more that reported data to the FBI in 2005 for the six categories of crime measured for the survey were included. Two years ago, Round Rock ranked as the 8th safest city.

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CNN Money ranked Round Rock #7 in America's best places to live! | Print |  E-mail
Monday, 14 July 2008 14:36

Excerpt from: America's Best Places to Live 2008


As we do every year, we set out to identify those communities that just seem to have it all. We analyzed the nation’s small cities, those with populations of 50,000 to 300,000. That means you won’t find, for example, Chicago on our top 10 list—but you will find places that offer Chicago-like amenities (such as cafés and culture) plus other benefits the Windy City can only dream of (such as low crime and affordable homes).

These 10 towns aren’t mere suburbs; they’re places in their own right, with thriving commerce and job growth. That means many residents need not leave town for work—a huge plus with gas at $4—and some rarely need to drive at all. One result: a strong sense of community. “One of the great things about walkable cities is that if you’re constantly passing by someone you don’t know, eventually you say hello,” says Elizabeth Plater-Zyberk, dean of the University of Miami’s School of Architecture.
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Georgetown cited as one of the best places to buy an old home | Print |  E-mail
Friday, 27 June 2008 21:15
With its picturesque town square and multitude of quaint shops, Georgetown has long drawn Central Texas visitors and residents alike seeking a slice of small town life. But the Williamson County bedroom community may also be a perfect place to invest in a classic home.

The editors at ThisOldHouse.com recently named Georgetown one of the top 12 places in the country to buy an old house.
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Austin Ranks 7th on Top 25 Highest Appreciation Forecast | Print |  E-mail
Tuesday, 17 June 2008 18:51

Austin ranks 7th on the top 25 cities with the highest appreciation forecast, according to HousingPredictor.com The site lists the Top 25 cities with the highest forecast appreciation and says that they have the greatest probability of reaching their forecast of the more than 250 local housing markets Housing Predictor forecasts.

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Top 10 Hottest Buyers Markets - Austin Ranks 7th | Print |  E-mail
Tuesday, 17 June 2008 18:51

Austin ranks 7th on the top 10 cities considered to be the hottest buyers markets, according to HousingPredictor.com .  The Hottest 10 represent markets that aren't just the exceptions to the rule in national real estate trends, but show that no matter what the national economy is like there are always hot markets somewhere in real estate.

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Coldwell Banker Takes Homes for Sale on the Road | Print |  E-mail
Sunday, 15 June 2008 23:59
Beginning May 15th, 2008, Coldwell Banker Real Estate LLC, the 2007 Inman News’ Innovator of the Year winner in the brokerage/franchise category, became the first national full-service real estate company to distribute its listings to a GPS device.  Coldwell Banker worked with Dash Navigation Inc., the first GPS provider to have an Internet connected GPS device and deliver Web-based content directly to the GPS.
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Austin Ranks #6: Kiplinger's 2008 Best Cities | Print |  E-mail
Thursday, 12 June 2008 15:20

No. 6: Austin, Texas

Don’t think for a minute that the laid-back, rockers-and-tacos atmosphere of downtown Austin is all this metro area has to offer. In fact, Austin and the surrounding region offer a strong economy, a solid, moderately priced housing market, a growing population and enough natural beauty to justify staying outside even if the weather weren’t great -- which, by the way, it is.

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Mandatory Visitability Ordinance Scaled Back | Print |  E-mail
Friday, 06 June 2008 00:00
City officials have scaled back a proposed ordinance requiring all new single-family homes to be more accessible to disabled individuals and the elderly.

City council member Betty Dunkerley, who proposed the ordinance, says costly rules such as requiring builders to install ramps or no-step entrances will be sent back to stakeholders to include in an incentive or bonus program.

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Austin Ranks #10 in Top 50 Greenest Cities by Popular Science | Print |  E-mail
Tuesday, 12 February 2008 00:00
In the international alliance to fight climate change, the United States is considered the sullen loner. But in the seven years since we rejected Kyoto, changes have begun. Not at the federal level, however. It’s the locals who are making it happen.

In everything from emissions control to environmental stewardship, cities across the country are far ahead of the federal government, and they’re achieving their successes with ready-made technology. Austin has pledged to meet 30 percent of its energy needs with renewable sources by 2020, aided by planned wind-power installations that will surpass their predecessors in efficiency. Seattle has retrofitted its municipal heavy-duty diesel vehicles with devices that will reduce particulate pollution by 50 percent. Boulder has enacted the country’s first electricity tax to pay for greenhouse-gas emission reductions. Something about the comparative speed of city government—a city-council member can greenlight a project and be cutting the ribbon a year later—leads to bold action, and as cities trade ideas, a very positive sort of mimicry is spreading.

The 10 trailblazing civic projects profiled in our list of the top green cities in America are among the most impressive success stories to date—examples of what’s possible when elected officials and local business leaders back up their green visions with scientific know-how, clout and creative funding.
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Texans Hold Winning Hand in High‐Stakes Real Estate Game | Print |  E-mail
Friday, 01 February 2008 00:00
COLLEGE STATION, Tex. – Affordable housing is the state’s ace in the hole in the predicted future highstakes
real estate version of Texas hold ‘em. In fact, the state’s leading expert on residential real estate
is betting housing affordability will be the “most significant growth stimulant” for Texas over the next 25
years.
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Austin Ranks #1 in Forbes' America's Fastest Growing Large Metro | Print |  E-mail
Wednesday, 30 January 2008 00:00

It's no secret that the Southeast and Western United States are booming. The costs of living and doing business there are often cheaper there than in big coastal cities. But where and how much those cities are thriving might surprise you.

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Austin Ranks # 1 in Top 10 Movie Cities 2008 | Print |  E-mail
Monday, 28 January 2008 00:00

When working on a project as research-intensive as this one, the word you never want to encounter is “unpredictable.” But as entertainment professionals and consumers alike have lately discovered, that’s an appropriate description for the current state of the film industry. From the writers’ strike, still ongoing at press time, to possible actors’ and directors’ strikes in June, it’s definitely not business as usual.

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Lisa Meier is a REALTOR licensed in the state of Texas.  Each office is independently owned and operated. Equal housing opportunity. The broker does not guarantee the information describing any property.  Interested parties are advised to independently verify all information through personal inspection or with appropriate professionals. Broker Licensed in Texas, North and South Carolina, Mississippi, Florida and Alabama.
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