The city of Austin has some of the nicest apartments inTexas, but they are also among the priciest. The price of monthly rent in Austin has risen by 10.1 percent over the past month. The average price is now in the range of $911 per unit per according to a recent report by Axiometrics Inc. [...]
Austin Housing Market Report
July was a good month for the city of Austin’s housing market with home sales up. 1,970 single-family homes were sold last month which was a 32 percent increase over this same period of time last year. Home sales are rising but the median price of homes in the area is decreasing. The current median [...]
Mortgage Rates Reaching Historic Lows
For some period of time now mortgage rates in the Austin area and across the nation have been slowly dropping. Mortgage rates continued to slide last week and many analysts are speculating that they could fall below 4 percent. The 30-year fixed rate mortgage fell to an average of 4.32 percent last week, down from [...]
Home Sales Rise in Austin
The Austin housing market showed a marked increase for the month of June when the sale of existing homes climbed 9 percent. According to the Austin Board of Realtors, 2,145 single-family homes were sold in central Texas during the month of June. Existing home sales rose, but the median price of homes remained unchanged at [...]
Live In Austin: The Next Big Boom Town
The city of Austin ranked number one in the recent Forbes’ list of the next big boom towns. It came as no surprise that Austin consistently rates among the top of best cities to live in when it comes to jobs. The city of Austin is growing and thriving in many aspects. The city of [...]
Austin Scores High On List of Best Cities for Business
Austin seems to come in tops on many different lists lately and now it can add another award to its list. Austin recently ranked number 7 on Forbes magazine‘s latest “Best Places for Business and Careers” list. Austin was not the only Texas city on top of the list. San Antonio came in number 8 [...]
Stand Up Paddle Surfing On Lake Travis
Lake Travis is a beautiful place to try stand up paddling. Located in Northwest Austin and covering 18,929 acres, Lake Travis is large enough for everyone to enjoy. Many who live in Lake Travis and the surrounding area are taking up the sport of stand up paddling, and the Lake is just perfect for [...]
More Jobs Headed To North Austin
If you live in South Austin and enjoy a good steak restaurant you have probably visited the authentic Brazilian steakhouse, Estancia Churrascaria. Those that live in North Austin soon will be able to enjoy this fine dining closer to home. The restaurant’s first expansion will be in the Arboretum shopping center in North Austin. [...]
Austin Area Continues To See Mortgage Rates Fall
For the sixth straight week in a row mortgage rates in Austin and throughout the country have continued to fall. Thirty-year fixed-rate mortgages fell to an all-time low for 2011 with a rate of 4.6 % last week according to Freddie Mac. Fifteen-year fixed rate mortgages ended the week at 3.78 %. One-year adjustable-rate mortgages [...]
Foreclosure Rates in Texas among the Lowest in the Country
Austin’s economy is still thriving and so is its real estate market. The Texas Mortgage Bankers Association recently released a report stating that 1.89 percent of residential mortgages throughout the state of Texas were facing foreclosure during the first quarter of 2011. The national average of foreclosure filings is 4.52 percent. These numbers place the [...]