shane t white team: Construction Jobs are Strong in Texas
- 12/01/11 02:25 PM
Jobs are hard to come by in many parts of the country, but Texas is leading the way in the U.S. when it comes to construction jobs. Latest employment numbers over the last year show that from October of 2010 to October of 2011 the great state of Texas added over 17,500 construction jobs. Texas residents are finding it easier to find jobs. These new jobs outpaced California who was second in the country who added 17,000 new jobs over the past year according to the U.S. Department of Labor data released by the Associated General Contractors of America. Ken … (0 comments)
shane t white team: Large Number of New Homes Scheduled to be Built in Lake Travis
- 11/29/11 02:07 PM
If you are in the market for a new home, Lake Travis may be the place for you. Over the next 30 days, a development team will be hiring seven homebuilders, led by project developer Wheelock Street Capital LLC from Greenwich, Connecticut, to develop the 1,400-acre site. At this time there are 15 homebuilders who are hoping to be among the lucky seven chosen to help develop the Sweetwater community in Western Travis County. The community is expected to take several years to complete, which will mean steady work for these homebuilders for the next few years.The community is anticipated to … (0 comments)
shane t white team: Williamson County Receives Top Bond Rating Available
- 11/25/11 02:12 PM
Fitch Ratings and Standard and Poor's announced earlier in the month that they have awarded the highest bond rating available to Williamson County. The AAA rating is a high rating and means an entity has an "extremely strong capacity to meet financial commitments," according to Standard and Poor's. These credit rating agencies use letter designations to determine credit-worthiness. Following financial practices that any fiscally responsible household can utilize is how the county of Williamson was able to receive the rating, and the beneifts of it will now help residents of Williamson County. Williamson County Auditor David Flores said, “You … (0 comments)
shane t white team: FHA Loan Limits Reinstated
- 11/22/11 08:08 AM
According to the National Association of Realtors (NAR), Congress has reinstated for the next two years loan limits on Federal Housing Administration (FHA) insured loans. NAR President Moe Veissi said, “As the nation’s leading advocate for homeownership, we applaud members of Congress for restoring FHA’s previous loan limits, which will help reduce consumer cost burdens, stabilize local housing markets and allow qualified, creditworthy borrowers to access affordable mortgage financing” and “The reinstated loan limits will help provide much-needed liquidity and stability to communities nationwide as tight credit restrictions continue to prevent some qualified buyers from becoming homeowners, and the housing market … (2 comments)
shane t white team: Austin Market Among Top Five to Watch in 2012
- 11/08/11 01:01 PM
Austin was listed among the top 5 markets to watch in 2012, according to the annual Emerging Trends in Real Estate report from PricewaterhouseCoopers LLP. Other cities among the top five included Washington D.C., San Franscisco, New York City, and Boston. The city of Austin is a draw for many investors. Austin has all the things needed to deal successfully with the nation’s 21st century realities, the report said.Austin ranks higher than Dallas and Houston due to the cities 24-hour core, which includes a community that is pedestrian-friendly, has numerous apartment neighborhoods and plenty of nightlife. The report said, “Businesses have … (2 comments)
shane t white team: Austin Energy is Offering Up to $200 to Austin Homeowners for Green Upgrades
- 11/03/11 04:05 PM
Austin Energy is offering Austin area homeowners up to $200 for green upgrades. Austin Energy is encouraging Austin homeowners to make energy-efficient upgrades to their homes, and in turn they will provide a $200 bonus rebate from now till the end of 2011. There are over $2,000 worth of rebates available to Austin homeowners when combined with Austin Energy’s regular rebates, Texas Gas Services rebates, and a weatherization bonus. The federal government is also offering $500 as part of a federal tax credit. If you are an Austin homeowner and are interested in the rebates or federal tax credit, contact any Austin Energy … (0 comments)
shane t white team: September Proves Strong for the Austin Housing Market
- 10/27/11 02:52 PM
The housing market for the Austin area saw growth for the month of September. There were more than 1,600 homes sold during September in the Austin area, which is a 31 percent increase when compared to the same time period last year, according to the Austin Board of Realtors. Not only was the number of homes sold up, so was the total dollar value of homes sold. The dollar value of homes sold was $421,648,5923 last month which is a 33 percent increase. Judith Bundschuh, Chairman of the Austin Board of Realtors said, “In September, Austin saw its fourth straight month … (2 comments)
shane t white team: Mortgage Defaults Rise in the Third Quarter
- 10/20/11 06:52 AM
The number of mortgage defaults for the third quarter of 2011 were up according to a recent report released by RealtyTrac Inc. With more and more Americans entering the foreclosure process, it leaves us wondering where the housing market is headed. The number of homeowners receiving a first-time default notice in the third quarter was up 14 percent compared to the second quarter. When initial foreclosure notices go out to homeowners, it is the first step in what could end up leaving the lender taking back the home. The increase in foreclosure filings could indicate that lenders are moving more aggressively now … (2 comments)
shane t white team: Good News for the Austin Housing Market
- 10/18/11 10:08 AM
There is good news for the Austin housing market and signs it could be starting to slightly recover. New home starts in Central Texas were up 27 percent for the third quarter of this year when compared to this same period of time in 2010. The yearly home starts pace has improved for the first time in a year according to new data. The third quarter proved to be a great one for new home starts in the Austin area. Home buyers in the Austin area moved into 1,836 newly built homes last quarter.There were 1,760 new homes started between July and … (0 comments)
shane t white team: Good News For Home Prices In The Austin Area
- 10/11/11 12:28 PM
Home prices in the Austin area increased by 1.6 percent for the month of August when compared to the month of August last year, according to data released by CoreLogic’s Home Price Index.CoreLogic’s Home Price Index also factors in distressed properties. When not figuring in distressed assets, home prices rose by 1.8 percent compared to August of 2010. The home price increase comes after home prices rose by 1.2 percent in July. Home price increases for two consecutive months is a positive thing for the Austin area housing market.Across the nation, home prices are continuing to trend downwards. Home prices, including distressed properties, … (2 comments)
shane t white team: Home Sales Up In Austin
- 10/06/11 11:17 AM
Home sales in the Austin area were up for the month of August. The number of single-family homes sold in Austin rose by 33 percent in August of this year compared to August of last year according to the Austin Board of Realtors. 1,978 homes were sold in August in Austin, and the median sale prices of homes remained unchanged at $200.000. This is the third month in a row that year-over-year home sales have been up in the Austin area. Home sales were up 9 percent in June and 31 percent in July. Nationwide the number of single-family homes rose by … (2 comments)
shane t white team: Austin Home Remodeling On The Rise
- 10/04/11 10:15 AM
More and more homeowners in the Austin area and across the country are choosing to remodel their homes during this stale housing market. Those choosing to remodel their homes reached an all-time high in July of this year. In fact, this is the highest number we have seen when it comes to renovating since 2004. This is the twenty-first month in a row that home renovations have continued to rise. The sale of building materials and the number of home remodels costing more than $10,000 is up. Joe Emison, Vice President of Research and Development at BuildFax said, “As millions of … (5 comments)
shane t white team: Job Market In Austin Remains Strong
- 09/27/11 02:21 PM
A recent report by Manpower Employment Outlook Survey showed that employers in the Austin area plan to have higher levels of hiring this fall. The housing market in the Austin area continues to remain among the best in the country. The list of U.S. cities with the most healthy employment outlooks ranked Austin as fifth. The state of Texas as a whole ranked as third best in the country. The survey serves as an indicator as to what to expect when it comes to hiring in the next quarter of the year. The survey also showed that 71 percent of companies will not be … (2 comments)
shane t white team: Plans in the Works to Open a New University in Georgetown
- 09/20/11 08:04 AM
In today’s down economy, more and more Americans are looking to further their education to make themselves more marketable in today’s job market. Residents of Georgetown will soon have more access to higher education. National American University recently announced plans to build a new campus in Georgetown.National American University is a regionally accredited school that currently has 32 campuses across the country, with two being in the Austin area. The university plans to be located at Wolf Ranch Town Center at 1013 W. University Ave., Ste. F27A. At this time, the university is unclear of when the campus will open and what … (0 comments)
shane t white team: Large Townhome Development Approved by Austin City Council
- 09/15/11 03:38 PM
At a recent City Council meeting Austin council members gave their approval for Cypress Real Estate Advisors to go ahead and begin the development of Tarlton 360 Townhomes. The development will be built on the site of the vacant Cinemark Movie Theater adjacent to Barton Creek Square Mall at Walsh Tarlton Lane and Capital of Texas Highway. Construction time frame for the development was approved from three to 10 years. The new development will be a mix of residential property and office complexes. John Burnham, Cypress Real Estate Advisors Vice President of Investments said, “The site is a wonderful piece of real … (2 comments)
shane t white team: Liberty Hill High School to Break Ground on September 18th
- 09/01/11 01:58 PM
September 18th is the day that ground will be broken for the new Liberty Hill High School, and construction is set to begin the following day. Construction is expected to be completed by June of 2013. Last fall voters approved the $ 85.6 million bond package that would allow for the much-needed new high school. The Liberty Hill School District has grown by 20 percent since 2006 and is expected to grow another 35 percent by 2025. The rapid growth has left many schools in the district at or near capacity.The estimated cost of the project is set at $60,023,406. The … (0 comments)
shane t white team: Watering Restrictions in Place for Cedar Park
- 08/30/11 11:01 AM
The lack of rain is having major impacts on many cities here in Texas. Cedar Park has not been immune to this drought and city officials recently decided to enforce mandatory watering restrictions. When the city entered stage 2 of the drought contingency plan, the watering restrictions, which are mandatory under the requirements of the Lower Colorado River Authority, were enacted. Cedar Park residents violating the rules will be issued a warning via a door hanger and a letter in the mail. Fines will begin September 23rd. Fines range from $50 to $200 for residents and $200 to $1000 for commercial … (0 comments)
shane t white team: Georgetown Square To Undergo Changes
- 08/25/11 10:45 AM
Georgetown city officials are looking for ways to make the Square in Georgetown the place to be. Economic Development Director Mark Thomas said,“We just want to make sure we have the most vibrant downtown that we could possibly have.” The charm and character of a downtown area go a long way towards being a huge selling point.A recent study that was commissioned by the Economic Development Department reviewed similar communities to determine what they did to make their downtowns such a success. The report was released in July by IF Marketing & Advertising out of Georgetown. An agreement known as Project Grape … (0 comments)
shane t white team: A Little Bit Of New Orleans Headed To Austin
- 08/23/11 03:12 PM
VooDoo BBQ & Grill, a New Orleans based restaurant established in 2002, recently announced plans to open five new restaurants in the Austin area over the next five years. VooDoo CEO Tony Avila said, "We're excited to establish a footprint in Texas, where we know people love barbecue” and, "They'll get to experience New Orleans–style flavor and fun and a diverse, exciting menu."Currently VooDoo has 12 locations throughout Louisiana, is expanding into the Carolina’s, and will also now be expanding into Austin. They are also looking to expand into Florida, Washington D.C., and the Mississippi Gulf Coast. The restaurants offer something for … (2 comments)
shane t white team: Home Prices in the Austin Area
- 08/18/11 03:54 PM
If you are currently selling your home or considering it, you may be concerned with where home prices are at right now. According to a recent Home Price Index report by Case-Shiller, home prices in the Austin area are expected to rise by 0.9 percent next spring, and another 0.3 percent from the first quarter of 2012 to the first quarter of 2013. This slight increase will help slightly with the lost home value we are currently experiencing. In the past year, home prices in the Austin area have fallen 2.3 percent, and have declined by 4.9 percent since 2009. Across … (2 comments)
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Jobs are hard to come by in many parts of the country, but Texas is leading the way in the U.S. when it comes to construction jobs. Latest employment numbers over the last year show that from October of 2010 to October of 2011 the great state of Texas added over 17,500 construction jobs. Texas residents are finding it easier to find jobs. 
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