MORTGAGE MOMENT: GRAB A CONFORMING LOAN NOW
Dec11

MORTGAGE MOMENT: GRAB A CONFORMING LOAN NOW

Written by Blanche Evans on Wednesday, 10 December 2014 12:54 pm New lending guidelines from the Federal Housing Finance Agency will cut the down payment minimum from five percent to three percent for conforming loans that are purchased by Fannie Mae and Freddie Mac on the secondary market. This means more first-time and lower income borrowers will be able to get a conforming loan, a 30-year fixed rate...

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HOW IMPORTANT IS SQUARE FOOTAGE?
Dec09

HOW IMPORTANT IS SQUARE FOOTAGE?

Written by Blanche Evans on Thursday, 04 December 2014 11:58 am MLSs use it. Insurers use it. Appraisers use it. Tax Assessors use it. When it comes to real estate, there's no avoiding square footage as a measure of any home's value. But how much is square footage worth to you as a homebuyer? Knowing the square footage can be helpful, but it shouldn't be the main tool to determine your offer price.    ...

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Redfin: Everything’s up in Austin — home prices, sales and listings
Dec09

Redfin: Everything’s up in Austin — home prices, sales and listings

Redfin, the Seattle-based real estate brokerage and research company, released its latest housing report and the numbers continue to be strong for Austin with home appreciation up 10.4 percent year over year between October 2013 and October 2104, with home sales transactions up 6.4 percent. But Austin can't come close to the numbers recorded by other cities. Year-over-year median sales prices are up 23.1 percent in San Jose,...

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110 people are moving to Austin every day—and they all need a place to live
Dec02

110 people are moving to Austin every day—and they all need a place to live

An incredible tally of 110 new people moving to Austin every day—with no signs of slowing.  That’s 60 to 70 new households forming every day, and all of them need a place to live.  Bear in mind that Austin hasn’t yet realized all of the projected economic gains from the growth underway, like the new medical school.   What does this mean for serious investors in Austin residential real estate? First,...

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