Austin Real Estate | Lake Travis Real Estate

What Are You Waiting For?   If you're in the market for a new home or thinking about refinancing, I have one question for you: What are you waiting for?  I'm talking to those of you who are waiting for interest rates to get better.  Interest rates are at historic lows, and sitting on the fence may cost you ...

I was talking with my friend, Moe Paknia, the other day about the auction of foreclosures in Travis County.  The newspaper ran a story about the auctions being slower than normal.  Moe works with a lot of investors and knows the foreclosure market very well.  One of the things he is very frustrated by is the limit that Fannie Mae ...

If you're addicted to cable news as I am, you can't help but worry about the credit crisis gripping the world. I keep wondering how and when it's going to affect me personally. Currently, I'm not seeking credit, but what if I was? I hear the stories about car dealerships unable to make auto loans, home equity lines being cut off, ...

If you are a real buyer looking in any market right now, there is something you absolutely must do in order to be taken serious when making an offer.  You absolutely must have a pre-approval letter or if paying cash, you must have a letter from a financial institution stating that you have sufficient funds to purchase the property.  Many ...

Take a look at this map, which shows the percent of subprime mortgages across the county by county.  One thing you will find is that Central Texas isn't one of the areas with a terribly high number of these.  All of the counties in the Austin MSA are well under 30%.  Why is this a good thing?  Many of the properties being ...

I saw an article in the local paper the other day about the national housing market slow-down and decided to look a little more closely at this subject.  The first thing the article talks about is the slowdown in the lower priced homes due to the huge changes lenders have made regarding the sub-prime market.  There have been a great ...

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 and the impact on today's market lending and real estate.  This information ...