Austin Real Estate Market

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Real Estate Broker/Owner - Powell Properties
RECENT BLOG POSTS
I just read through portions of the bill and found an amazing feature. The insurance companies are not allowed to charge  higher premiums for preexisting conditions, but they are free to charge higher premiums based on age. The bill even says they can do it!  I've inserted that portion of the bil...
03/29/2010
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Has anyone out there experienced getting an appraisal through HVCC? I'm getting ready to experience it. Can you give a heads up on the headaches that you encountered?
05/15/2009
The true cause of our current financial fiasco isn't the housing industry decline. That is like a commodity gambler blaming his losses because of the fall in price in wheat. The real cause of a gambler's loss belongs to the gambler. First some facts and then some math regarding these bank and ins...
03/05/2009
Who is eligible to receive the new $8,000 tax credit? This is not a reduction of $8,000 in your income but is an actual $8,000 back into your pocket! Anyone who has not owned a home in the last three years, are eligible for a direct $8,000 reduction in their taxes. This means if someone has paid...
03/04/2009
The banks got us into this mess with their splicing up of loans, reselling them, creating derivatives out of them, and then getting the rating agencies to overrate the quality of the instrument they created. That's similar to false advertising, flipping, and manipulating appraisals. That would ha...
03/03/2009
The state of Texas continues to lead the overall national real estate market with 4 metropolitian areas in the top 20 areas of home appreciation. The #1 metropolitan market for home price appreciation in the United States was the Beaumonth-Port Arthur area with a 16.7% increase from the fourth q...
03/02/2009
How many of your remember the loan assumptions of the early 1980s? Homes used to sell for a premium, not just because of their location or quality, but because they had an assumable note that was below the market rate. Assuming a note also avoided the points, origination fees, and a couple of oth...
01/08/2009
Housing impact to the Austin market is beginning to appear.  The table below shows inventory levels for November of Austin homes in different price ranges. Although our market is one of the strongest in the nation, we are beginning to feel the effects of the tightening credit regulations. A large...
01/06/2009
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Robert Powell

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Current market conditions in Austin Texas