The Austin multiple listing system (MLS) is the system of record for many but not all home sales. In most estimations it accounts for around 60-70% of the overall sales. So some homes sell without the MLS, and buyers often Read more…
In a housing market like Austin where one in three home listings (per the MLS) fails to sell despite local economic indicators looking good, is University Hills faring any better? It’s certainly a different picture to the one six months Read more…
The Mortgage Credit Certificate (MCC) is an optional tax credit that income qualified first time home buyers may purchase as part of their home loan. What is it, who gets it and how do you save up to $2,000 per Read more…
The US foreclosure rate at the end of 2011 is still somewhat high in my opinion 1 in every 563 housing units received a foreclosure filing notice in October 2011. How is Texas doing? The same measure was just 1 Read more…
Lots over $1m in Austin are in good supply right now, which is great news for land buyers. Here are a few statistics I pulled from the Austin MLS for lots that were listed for sale since the start of Read more…
Here’s my favorite Austin loan officer John Schutze‘s weekend mortgage rate update: Mortgage rates end the week 0.125% lower!! European debt problems remained the primary focus this week, European officials are scheduled to meet this weekend and again next week, Read more…