Shin Oak Realty is a full service Real Estate office specializing in the Central Texas Real Estate market.
Our Team: Randy O'Dell, Suzy Bates, Candice O'Dell, Bradley "BJ" O'Dell & Barbara Childers

Monday, June 21, 2010

TAX CREDIT CLOSING DEADLINE EXTENDED

WASHINGTON, D.C. (InmanNews.com) – The Senate approved an amendment to the recent tax credit bill in which homebuyers who were under contract by April 30 will receive an additional three months to finish closing and claim the homebuyer tax credit.

Extending the deadline from June 30 to September 30 will allow lenders to clear the backlog of 180,000 homebuyers nationwide who qualified for the tax credit.

The amendment does not extend the deadline for homebuyers who do not have a contract in place.

Tuesday, June 8, 2010

EXPANDING JOBS IN AUSTIN, ROUND ROCK

AUSTIN (Austin American-Statesman) – Three companies in the Austin-Round Rock area may receive tax rebates for their expansion projects, increasing the number of employment opportunities in the area.

St. David South Austin Medical Center at 901 W. Ben White Blvd. proposed a $72 million expansion that will add more than 100,000 sf and retain 1,157 jobs.
Bazaarvoice’s $5 million expansion expects to add approximately 100 employees to its headquarters at 3900 N. Capital of Texas Highway.

The Sears Customer Care call center, at 1300 Louis Henna Blvd. proposed a $5 million expansion and plant improvement.

Both Austin and Round Rock city councils have given preliminary approval to all three projects, but final approval must come from the state comptroller’s office.

Tuesday, June 1, 2010

Thursday, May 20, 2010

Celebrate Perennial Gardening Month

June is a perfect month to plant new perennials that will flower in June and beyond into summer and fall. At one time gardeners did most or even all of their perennial planting in the early spring season. Summer environmental conditions were considered too harsh for new plantings. This is not true any more! June is a time to discover new perennials at your local botanical garden, arboretum, or the display gardens at your favorite garden center. It is also time to participate in a neighborhood or city wide garden tour to study perennials and garden design.

Garden centers carry a wide selection of perennials that may be planted in June. It is a good time for the gardener to find more mature specimens of favorite summer bloomers at the garden center. It is also a good time to plan and plant a sequential summer perennial display of old-favorites and new cultivars. There are many spectacular flowering performers for the sultry summer season.

For full article and planting and maintenance tips, visit: http://www.perennialplant.org/

Tuesday, May 18, 2010

MAY BRINGS 2010'S LOWEST MORTGAGE RATES

McLEAN, Va. (The Wall Street Journal) – Home mortgage rates reached their lowest level of the year, according to Freddie Mac’s weekly survey of mortgage rates.

The 30-year fixed-rate mortgage averaged 4.93 percent, down from 5 percent a week ago.

The 15-year fixed-rate mortgage fell from 4.36 percent to 4.3 percent while the five-year Treasury-indexed hybrid adjustable-rate mortgage showed to be 3.95 percent.
One-year Treasury-indexed ARMs averaged 4.02 percent.

Monday, May 17, 2010

ECONOMICALLY SPEAKING, TEXAS MSAS RANK HIGH

PALM CITY, Fla. (Policom Corporation) – Houston, Dallas and Austin are among the 20 strongest metropolitan areas in the nation, according to POLICOM Corporation’s annual economic strength rankings.

“The top-rated areas have had rapid, consistent growth in both size and quality for an extended period of time,” said William H. Fruth, president of POLICOM. “The rankings do not reflect the latest ‘hotspot’ or boom town, but the areas which have the best economic foundation.”

Of 366 metro areas nationwide, Houston–Sugar Land–Baytown ranked fourth, Dallas–Fort Worth–Arlington ranked tenth and Austin–Round Rock–San Marcos ranked 12th.
POLICOM specializes in analyzing local and state economies.

Friday, May 14, 2010

ACC BRANCHES OUT

LEANDER (Austin American-Statesman) – Austin Community College (ACC) has purchased 100 acres from the RB 270 Partnership. The land at US 183A and CR 269 will eventually be home to a new campus.

“Leander is a growing area, and our master plan calls for a campus in that community at some point in the future,” said Ben Ferrell, ACC’s executive vice president of finance and administration.