Much like the successful Cash for Clunkers campaign that spurred automotive sales, the $8000 federal tax credit has pulled buyers off the fence and given them an incentive to purchase a home. This is good news not only for buyers, but for sellers. Typically after the summer months, you see a sharp decline in home sales and listings, but this year may be a bit different. I've spoken to many buyers who still have several months left on their apartment leases that are willing to pay to get out of their lease and into a home. An example of this would be that if somebody pays $1000 per month in rent and still has 2 or 3 months left on their lease and they qualify for the full $8000 tax incentive, it would make fiscal sense to take the plunge and buy a home. I predict that as November 30th steadily approaches, first time homebuyers will still be out in droves trying to take advantage of the incentive. Good news for sellers, buyers, Realtors and everybody in the housing industry.
For more Austin real estate information and news, please visit my site at http://www.RomeoM.com or you can call me directly at (512) 743-7820.
Monday, August 31, 2009
Sunday, August 23, 2009
Austin Ranks in Top Ten Best Start-up Cities
Entrepreneur magazine’s August issue ranks Austin the tenth-best start-up city in America.
The magazine’s look at new business-friendly cities addresses issues such as government incentives, population growth, affordability of commercial rents, and openness to new ideas.
Entrepreneur calls Austin the “cross-pollinator” among the top 10 cities. The magazine cites the multiple "scenes" that shape Austin, from music to tech, and how they feed off of one another.
"Theoretically, people here are competing, but the opposite is happening,” Bijoy Goswami, founder of Bootstrap Austin told Entrepreneur. “Part of that Texas ethos has percolated into the entrepreneur scene: People in Austin just treat each other well.”
The magazine also highlighted Sweet Leaf Tea Co-founder Clayton Christopher as an example of one of Austin's brightest business minds. “There’s a cachet attached to Austin," Christopher said. "It’s the live-music capital of the world; it has good Texas values. Having Austin on our bottles has been a huge benefit."
The top ten cities in order are Las Vegas, Portland, Ore., Orlando, Fla., San Diego, Phoenix, Chapel Hill, N.C., Atlanta, Madison, Wis., Youngstown, Ohio, and Austin, Texas.For more information about Austin, please visit us at http://www.RomeoM.com
The magazine’s look at new business-friendly cities addresses issues such as government incentives, population growth, affordability of commercial rents, and openness to new ideas.
Entrepreneur calls Austin the “cross-pollinator” among the top 10 cities. The magazine cites the multiple "scenes" that shape Austin, from music to tech, and how they feed off of one another.
"Theoretically, people here are competing, but the opposite is happening,” Bijoy Goswami, founder of Bootstrap Austin told Entrepreneur. “Part of that Texas ethos has percolated into the entrepreneur scene: People in Austin just treat each other well.”
The magazine also highlighted Sweet Leaf Tea Co-founder Clayton Christopher as an example of one of Austin's brightest business minds. “There’s a cachet attached to Austin," Christopher said. "It’s the live-music capital of the world; it has good Texas values. Having Austin on our bottles has been a huge benefit."
The top ten cities in order are Las Vegas, Portland, Ore., Orlando, Fla., San Diego, Phoenix, Chapel Hill, N.C., Atlanta, Madison, Wis., Youngstown, Ohio, and Austin, Texas.For more information about Austin, please visit us at http://www.RomeoM.com
Tuesday, August 11, 2009
Central Texas foreclosures hit 5 month low
More good news for the Austin area. Residential foreclosures for the Aug. 4 auction are at a five-month low in Central Texas, reflecting a trend in other parts of Texas, according to data from Foreclosure Listing Service Inc. “The tide may have changed,” said George Roddy Sr., president of Foreclosure Listing Service, who said the figures offer hope that foreclosures postings may have reached a peak.
In Travis, Williamson, Hays and Bastrop counties, 1,072 properties were posted for the August auction, down 27 percent from 1,464 in July.
My real estate website, http://www.RomeoM.com will help you start your research of the Austin Real Estate market and to better understand the home buying process by providing you free buyers and sellers reports. With my site, you can locate answers to popular questions about buying or selling real estate in Austin, Travis and Williamson County. You can also search for available properties on the MLS directly from our site with our Map Search feature or by using our advanced search tools. Use our Perfect Home Finder to describe the home of your dreams and let us do the work to find it.
In Travis, Williamson, Hays and Bastrop counties, 1,072 properties were posted for the August auction, down 27 percent from 1,464 in July.
My real estate website, http://www.RomeoM.com will help you start your research of the Austin Real Estate market and to better understand the home buying process by providing you free buyers and sellers reports. With my site, you can locate answers to popular questions about buying or selling real estate in Austin, Travis and Williamson County. You can also search for available properties on the MLS directly from our site with our Map Search feature or by using our advanced search tools. Use our Perfect Home Finder to describe the home of your dreams and let us do the work to find it.
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