Archive for November, 2010

30 November

Green Built Modern Home on 1 Acre Lot

Posted by Tom Bates

 

Super surprised that this newly built, green home is still available. 1401 Shenandoah Drive, modern home

Austin modern homes for sale

 
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22 November

Man Makes Ridiculously Complicated Chart To Find Out Who Owns His Mortgage (CHART)

Posted by Tom Bates

 

This is a funny but telling article from the Huffington Post about the overly complicated nature of real estate mortgages and the secondary market securities they eventually become.  Full Huffington Post article here

Ridiculously Complicated Mortgage Chart

Ridiculously Complicated Mortgage Chart

 
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21 November

Austin Eanes ISD Open House Sunday 1:00-3:00

Posted by Tom Bates

 
Austin Eanes ISD Open House - Liberty Park

Austin Eanes ISD Open House - Liberty Park

We are hosting 1036 Liberty Park Drive open today (Sunday Nov 21) from 1:00 – 3:00.  Here is a link to the listing: Austin Eanes ISD open house.  When you get to the gate just call 512-413-0870 for access into the neighborhood.

 
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20 November

New Contemporary Home Listing in Washington DC

Posted by Tom Bates

 

If you know someone looking to buy an amazing contemporary home in Washington DC, check out this new listing: Washington  DC contemporary listing link  and here is a link to the virtual tour.  Clean lines, tons of floor to ceiling windows, completely cool, contemporary living in Washington DC.  This listing is for sale by a client moving from DC to Austin.  (Lots of people moving from DC to Austin here lately!)New DC modern homes for sale - Austin Modern Living

 
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19 November

Austin-area home sales headed for fourth annual drop – Statesman article

Posted by Tom Bates

 

Read the full The Austin American Statesman article by Shonda Novak here: Austin area home sales drop.  Austin area home SALES (number of transactions) is down, however, prices are actually up.

“The median price for October was up 10 percent from a year earlier to $198,500, the Board of Realtors reported, reflecting more sales in the higher price ranges.”

“Ed Friedman, a director at Moody’s Analytics who covers the Texas economy, said the housing market eventually will head back up again, “but the pace of improvement will be slow.”  Friedman said the October sales decline “may very well be the bottom” and predicts a gradual pickup in sales and prices in 2011.”

Tom: My take-away? 2011 is going to be a much different year for Austin real estate.  Note to fence-sitters: time to buy.  Looking for foreclosures? Here is a link to get our free Austin foreclosure list and Austin luxury foreclosure list

 
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10 November

Austin Foreclosures Down 13% From High

Posted by Tom Bates

 

Our office tracks the number of Austin luxury foreclosures and total Austin foreclosures on a weekly basis. For the past 7 weeks we have seen the number of total Austin foreclosures drop weekly from a high in mid-September of 680 Austin foreclosures to today’s count of 589 Austin foreclosures on the market.  That 13% drop puts the number of Austin foreclosures back to mid-June levels and might be an indication that we’ve either seen the bottom of the Austin foreclosure boom or at least seeing a temporary re-bound.  You can get a list of all the Austin foreclosures available for sale here.

 
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