March 2007 - Posts
OK, that is a pretty crazy title for a blog post, but it is going somewhere. I got an article to add to my website today from Steve Bray of Texas Lone Star Lending . The article is about bad lending practices that some subprime lenders have gotten into
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I'm in Boerne, TX this weekend with family. Yesterday, my daughter and I went with my brother and his girls to a BBQ at a Boerne home. While there, there was a discussion about how outrageous home prices have become in Boerne. A friend of my brother
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Sales of Austin homes are a bit flat compared to last year. Last year was a hot year in terms of home sales. Austin had more homes sold than any year prior to 2006. The rate of appreciation was quite good in most areas. The number of homes listed dropped
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Thanks to some good rain over a wide area a week ago, Lake Travis is up about 6 feet. This is a big deal because the lake has been so low. Six feet isn't much considering that Lake Travis was about 36 feet low before the rain, but it is a start. With
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I wrote an article recently about the Austin, TX luxury real estate market. It got picked up on Ryan Ward's Atlanta real estate website. The luxury market in Austin is very interesting. I have a home under contract with a buyer right now in a subdivision
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From today's Austin American Statesman's Business Section: Nordstroms will open a second Austin location in the Domain. TXU Corp. will have Mitsubishi design several nuclear reactors for Texas. TXU had planned a number of coal-burning power plants,
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Like deer in the headlights, a still skittish Wall Street staged a comeback last week; with the Dow Jones industrials erasing almost all of 209-point drop after an upbeat assessment of manufacturing activity eased some worries about a flagging U.S. economy.
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Apache shores continues to gain strength in terms of real estate prices. Through March 5, 2007 there have been 8 new homes that have sold. The average price has been $225,484 and the average price per square foot has been $135.72. By new, I am referring
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What used to be a lot of concrete is tuning into homes, town square and mixed use area. The old Robert Mueller airport in Austin is seeing serious change. With one end bordering Interstate 35, the area consists of 709 acres. Just minutes from downtown,
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The Week in Review: Feb. 25 – Mar. 3, 2007 (compared to the same week in 2006) New listings down 19.9%. Pendings down 3.89% Solds up 1.74%. As for Average Prices: Feb. 25 – Mar. 3, 2007 (compared to the same week in 2006) "New Listings"
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Neiman Marcus is opening in Austin this Friday in the Domain. That should get a lot of attention. The city of Austin is pretty excited about the Domain. Austin granted tax breaks to what is mainly a project full of retail space. Their reasoning was that
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Any Austinite who has a history of driving 620 from 183 to 35 or 183 beyond 620 knows how frustrating it can be getting through all the traffic lights. The folks who are building the toll roads U.S. 183A and TX 45 hope to ease that frustration when traffic
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