ARCHIVED BLOG POSTS
2009
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As I have commented many times in many places over the past 12 to 18 months, discussing "averages" in real estate can be very deceptive. Articles about the record level of foreclosures in the United States can leave the impression that all areas are having enormous pain. While it is true that w...
11/26/2009
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Yesterday's Austin American-Statesman (Saturday, November 21) included two articles (in print but not online) on the subject of unemployment: [Central Texas] October jobless rate holds steady at 7.2% and Jobless rates increase in 29 states in October. Both included very good information but see...
11/22/2009
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"Diligence is the mother of good luck." -- Benjamin Franklin "Opportunity is missed by most people because it is dressed in overalls and looks like work." -- Thomas Edison Coming from the corporate world to the real estate business years ago I asked a broker who he con...
11/21/2009
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Austin has long been among the most environmentally conscious, and active, cities in the country. That is part of what makes Austin Austin. An energy audit is required for all resale homes (1-4 family) at the time of sale, and new construction has been subject to required energy efficiency samp...
11/20/2009
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Some prescriptions are timeless ... "If one advances confidently in the direction of his dreams, and endeavors to live the life which he has imagined, he will meet with a success unexpected in common hours." Henry David Thoreau
11/18/2009
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Austin has long been known for extended debates about environmental initiatives and development regulations. In the 80's there were actually new subdivisons where homeowners moved in and discovered that our "anti-growth" city council had not gotten around to providing services like water supply....
11/17/2009
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In an interesting contrast to my post a couple of days ago about an October dip in local foreclosures, the lead article in the Austin American-Statesman's Saturday (11/14/09) Business section carried the headline: "Region's foreclosures jump 57% in 2009." I intended to include that feature on m...
11/15/2009
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Posted earlier today on www.AustinMarketInfo.com: "California, Florida, Illinois and Michigan accounted for 52 percent of the nation's total foreclosure activity during the month." More: http://austin.bizjournals.com/austin/stories/2009/11/09/daily25.html Almost everywhere, including Austin/Ce...
11/13/2009
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Earlier today I posted an update on www.AustinMarketInfo.com about the interaction between home prices and availability and the rental market in the Austin area: "The increasing affordability of homes will likely entice some renters to buy homes in the coming months ...." More: http://austin.bi...
11/10/2009
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This article appeared yesterday in the Austin Business Journal: Apartment owners face challenges in 2010 "The increasing affordability of homes will likely entice some renters to buy homes in the coming months ...." More: http://austin.bizjournals.com/austin/stories/2009/11/09/daily1.html The ...
11/10/2009