AUSTIN (Austin American-Statesman) – Area existing home sales have hit the highest level in a year, according to the Austin Board of Realtors (ABOR).
June sales of 2,135 single-family homes were down 4 percent from last year. This marks the smallest decline since a 2 percent drop in July 2007.
May and April 2009 sales were down 19 and 18 percent, respectively.
"We've seen the year-over-year gap in sales volume close steadily throughout 2009, and that momentum continues this month," said Jay Gohil, chairman of ABOR.
While Texas has started seeing more signs of the recession, there is evidence nationwide that the housing market is beginning to stabilize. Sales of new and existing homes reached an annual rate of 5.1 million in May, the highest level in 2009.
Saturday, July 25, 2009
Tuesday, July 21, 2009
FORECLOSURES FALL ACROSS STATE
AUSTIN (Austin American-Statesman) – Residential foreclosures are at a five-month low in Central Texas, reflecting a trend in other parts of Texas, according to Foreclosure Listing Service (FLS) data.
"The tide may have changed," said FLS President George Roddy Sr., adding that the figures offer hope that foreclosure postings may have peaked.
Travis, Williamson, Hays and Bastrop counties posted a combined 1,072 properties for foreclosure in the August auction, down 27 percent from July.
The Dallas area saw foreclosures fall below 5,000 for the first time since March. In Bexar County, postings fell to their lowest level since March, according to Real Estate Foreclosures Inc.
"The tide may have changed," said FLS President George Roddy Sr., adding that the figures offer hope that foreclosure postings may have peaked.
Travis, Williamson, Hays and Bastrop counties posted a combined 1,072 properties for foreclosure in the August auction, down 27 percent from July.
The Dallas area saw foreclosures fall below 5,000 for the first time since March. In Bexar County, postings fell to their lowest level since March, according to Real Estate Foreclosures Inc.
Monday, July 20, 2009
You can help market your home
Most REALTORS® will tell you that marketing is one of the keys to a successful home sale. Market the home effectively, and it’ll sell sooner. Spend less time on marketing, and the house may sit vacant for some time.
Although your Texas REALTOR® will be handling the bulk of the marketing, including the for sale sign, fliers, and open houses, there are a few things you can do on your own. Consider the opportunities you have to network. Tell your family, friends, neighbors, and co-workers that you’re selling your home in a great neighborhood — just in case they know someone who’s moving or otherwise looking. You never know what might happen. Your enthusiasm and ability to network may help drum up interest.
Texas Association of Realtors®
Although your Texas REALTOR® will be handling the bulk of the marketing, including the for sale sign, fliers, and open houses, there are a few things you can do on your own. Consider the opportunities you have to network. Tell your family, friends, neighbors, and co-workers that you’re selling your home in a great neighborhood — just in case they know someone who’s moving or otherwise looking. You never know what might happen. Your enthusiasm and ability to network may help drum up interest.
Texas Association of Realtors®
Monday, July 13, 2009
Check this out!!
193 homes sold in Williamson County during the week of June 28th! And that is not the final count yet - it could still rise! That is the highest sales volume for any week in 2009! The summer is a great time for Real Estate!! www.ShinOakRealty.com or 512-515-6565 to talk to an experienced Real Estate agent today!
Friday, July 10, 2009
FULL PROPERTY TAX EXEMPTION FOR TEXAS VETERANS
AUSTIN (North Texas e-News) – A new law allows certain Texas veterans to apply for exemption from 100 percent of their local property taxes. The exemption applies only to the person's residential homestead property.
Under HB 3613, which became law during the recent legislative session, the homeowner must receive 100 percent disability compensation from the U.S. Department of Veterans Affairs to qualify for the exemption.
To apply, veterans must complete the State Comptroller's Form 50-764 and submit it to the appraisal district office along with a copy of their driver’s license or ID card and a copy of the VA Disability Award Letter from the Department of Veteran Affairs showing the 100 percent service-connected disability.
Under HB 3613, which became law during the recent legislative session, the homeowner must receive 100 percent disability compensation from the U.S. Department of Veterans Affairs to qualify for the exemption.
To apply, veterans must complete the State Comptroller's Form 50-764 and submit it to the appraisal district office along with a copy of their driver’s license or ID card and a copy of the VA Disability Award Letter from the Department of Veteran Affairs showing the 100 percent service-connected disability.
TEXAS' SMALL BUSINESSES BOOMING
TEXAS (Dallas Morning News) – The Lone Star State has managed to gain small businesses despite the recession, according to the U.S. Small Business Administration Office of Advocacy.
As the number of self-employed workers fell 2 percent nationwide to 15.9 million last year, Texas figures rose nearly 2 percent to 1.1 million.
The Small Business Economy report indicated a 1.4 percent rise in the number of Texas employer firms, to 449,681. Meanwhile, the number of U.S. employer firms remained flat at 6.1 million.
Nearly 90 percent of those businesses are estimated to employ fewer than 20 people.
As the number of self-employed workers fell 2 percent nationwide to 15.9 million last year, Texas figures rose nearly 2 percent to 1.1 million.
The Small Business Economy report indicated a 1.4 percent rise in the number of Texas employer firms, to 449,681. Meanwhile, the number of U.S. employer firms remained flat at 6.1 million.
Nearly 90 percent of those businesses are estimated to employ fewer than 20 people.
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