Local mortgage planner John Schutze gives his weekly market update: “Mortgage rates are EVEN LOWER this week! Rates are benefiting from disappointing news on the job front this morning. The Labor Dept reported a net loss of 131,000 jobs in June. Most of the loss was due to temporary government Read more…
The Austin housing market has certainly seen declining sales in the last few sales, but how is it faring now? I took a look at annual MLS sales over the last few years to compare the top and bottom halves of the market, taking $300,000 as an approximate mid point Read more…
The top end of the Austin condo market has been struggling. How are things in the lower half? You can also check out the single family home market at my previous post. The charts here show the annual MLS condo sales volumes over the last few years to compare the Read more…
The $8000 federal tax credit which has given the housing industry a boost in the last eight months is being extended. It should be written into law by the end of today – November 6th 2009. What does this mean to buyers and sellers in Austin? In a nutshell the Read more…
Austin mortgage planner John Schutze gives his weekley market update: œMortgage rates are on the increase as we end the week but still below 5.0%! For those of you who missed the economic update at Realty Round-up this week, Dr. Jim Gaines from TX A&M said that rates Read more…
Austin mortgage planner John Schutze gives his weekley market update: œMortgage rates are mostly unchanged from last week…but watch out! Mortgage rates have been under a little pressure to move higher as the stock market rallied this week. Also new home starts for August were 598,000 which was Read more…