Austin single-family homes rose 9% last month compared to June 2010. The numbers show a total of 2,145 single-family home sale transactions, according to the Multiple Listing Service (MLS) report released last week by the Austin Board of REALTORS®. The same report highlights the median price for Austin-area homes: the amount paid was $205,000, just [...]
Central Texas home starts is at a turning point, voices say. Metrostudy issued its latest report where it states that in Q2 1,794 homes were built, up 36% from the first quarter, and almost the same as a year ago, when a government incentive was live to boost the housing market. Another housing research firm, [...]
Senator Craig Estes and Texas Attorney General teamed up protect Texas homeowner from foreclosure rescue scam and they are planning to do that by a legislative proposal named Foreclosure Rescue Fraud Prevention Act. This initiative enhances the Attorney General’s enforcement authority, provide new protections for distressed homeowners and places new restrictions on foreclosure prevention consultants. [...]
August seems like a quiet month in the Texas area with Dallas, San Antonio and now Austin foreclosure postings declining. For the upcoming Aug. 2 residential auctions in the area fell below 1,100 for the fourth month in a row, Foreclosure Listing Service Inc. reported. Postings either declined or remained the same for the past [...]
State Rep. La Shawn K. Ford took the initiative to form a Foreclosure Prevention Task Force that will include HUD approved housing counseling agencies serving the Austin and West Cook County communities. The collaborating agencies will be: Bethel New Life, West Cook County Housing Resource Center, Voice of Community Ministerial Association, Proviso Leyden Council for [...]
Chestnut Square Entertainment Center in Bastrop has closed it doors. The facility included a sports bar and grill, cinema, bowling lanes and mini-golf course and it was purchased by its lender, First National Bank for $2,131,218 at a foreclosure auction. First National Bank president Reid Sharp said his bank and a partner bank has the [...]
According to a recent forecast, Austin is placed among the worst markets in the US during the next five years. The report comes from Business Insider, which ranked Austin ninth worst housing market. This is based on cumulative price growth in the last 72 months, expected annualized growth in the next 60 months and expected [...]
Demand for new homes may be picking up in Central Texas, which means the market could be turning around, according to new figures. The stats show builders starting 1,794 homes in the second quarter of 2011, almost as many as a year prior, but this time the government incentive is missing, incentive that skewed the [...]
