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affordability: dAustin TX Foreclosure Market Keeps Real Estate Affordable - 06/11/08 08:51 AM
Austin Habitat for Humanity needs more land to build affordable homes. Austin struggles with affordability, so charities like Habitat are needed to create more home owners. Habitat for Humanity offers affordable housing to low income families. The charity uses volunteers to rehab these newly acquired foreclosed properties or in extreme cases, tears them down and rebuilds.
While many struggle to keep their homes and avoid foreclosure, rising national foreclosures have created a window of opportunity for charities like Habitat, who strive to keep home ownership costs low. This controversial topic has even reached Congress (read later).
The National Foreclosure Crisis Rescues … (0 comments)
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affordability: Austin Board of REALTORS® Propose Alternative to Mayor Wynn’s ‘Point of Sale’ Ordinance - 05/20/08 02:13 PM
Austin Board of REALTORS® sent an email alert today to propose a change to Mayor Wynn's Climate Protection Plan. So far, it looks like REALTORS® agree with most aspects of the plan. Like most solutions, there's a few areas of contention. Here's what the email alert outlined:
What's this about?In early 2007, Austin Mayor Will Wynn released the Climate Protection Plan with the goal of making Austin the "greenest" city in the country, [including] the "Proposed Point of Sale Ordinance"....The city's proposal would require that homeowners upgrade their homes and obtain a "Certificate of Compliance" from the city before they're able … (0 comments)
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affordability: Why Central Austin Lot Values Could Drop By 50% Tomorrow - 05/14/08 11:34 AM
If you own or recently purchased a lot in Austin with the intent to build more than one unit or a duplex, throw your current plans away. A crucial City Planning Commission vote tomorrow could drop some Central Austin land values by at least 50%.
For background, the Austin City Planning Commission reviewed changes to city design standards through a task force. The Residential Development Standards Task Force first met December 2007 and briefed Austin City Council in February.
Most guidelines are well-received, but one in particular may negatively impact Austin duplexes and infill lots, especially in East and Central Austin.
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affordability: Houston Builders Moving Away from Starter Homes - 11/28/07 10:01 AM
Houston real estate developers are turning away from entry-level housing. "Starter homes" are typically priced below $150,000.
New home starts in the area are down to about 9,725 single-family homes for third quarter 2007. The Houston Chronicle reported the recent data, which had been gathered MetroStudy. and they say that this number is 28% below the number of new home starts for third quarter 2006. Turns out, though, home starts in the $225,000+ range were actually up 6.5%.
This was balanced by the fact that housing starts for homes priced $150,000 or below were down 36%.
DEMAND FOR ENTRY LEVEL HOUSING
Mike … (0 comments)
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Dee Copeland, Principal Broker
Austin,
TX
More about me…
Copeland Group Realty
Address: 6800 Westgate blvd, Austin, TX, 78745
Office Phone: (512) 697-9140
Cell Phone: (512) 784-4704
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