Homes sell faster in Austin....

...when jobs grow. And they are growing as future homebuyers are finding jobs in Austin. Austin ranks 14th among major markets in terms of non-farm job growth, increasing 15,500 jobs to 782,100 from 766,600. This is according to the Austin Business Journal, 9/28/11, http://www.bizjournals.com/austin/blog/abje_news/2011/09/austin-ranks-14-out-of-100-in-job.html?ana=RSS&s=article_search&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bizj_austin+%28Austin+Business+Journal%29&utm_content=Google+Feedfetcher&utm_source=Realty+Line+Subscribers&utm_campaign=10ff1f3221-Weekly_September_29_20119_29_2011&utm_medium=email
Even the worst drought in memory cannot stop the rcovery.
Visit http://www.iloveaustin.com when you need real estate professional assistance (since 1983).

New Low First Mortgage Interest Rate of 3% Fixed

This will help some lucky first time home buyers buy a home with little or no down payment and a super low interest rate of 3% Fixed.

This is offered through the Housing Trust Fund Homebuyer Assistance Program.

The Texas Department of Housing and Community Affairs (TDHCA) announced today, effective September 16, 2011, it is making available a non-assisted interest rate of 3% through the Texas First Time Homebuyer Program (Bond 77) that is only available if used in conjunction with TDHCA’s recently released Housing Trust Fund (HTF) Homebuyer Assistance Program. The HTF Program offers up to $10,000 in down payment and closing cost assistance and is available to borrowers earning up to 80% AFMI.

If you are a frst time homebuyer, you may qualify for this program, which is a LIMITED TIME OFFER.

Call me at 512-996-8776 to see if you qualify.

Austin Real Estate Market Statistics Sept. 2011

According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®, 1,978 single-family homes were sold in the Austin area in August 2011, totaling a 33 percent increase from August 2010. During the same time period, the median price for Austin-area homes was $200,000, a figure that was unchanged compared to the same month of the prior year.

More evidence that Austin continues to be strong in the housing recovery.

Austin among most desirable places to live

This summer, about 150 people were relocating to the Austin area each day. There has been a very strong leasing market where vacancies in rental units were nearing the 2-3% mark. There has been recent news indicating that job creation is much better than the national average. Real estate sales should be on the increase as the rents reach levels where it is more attractive to purchase.
The recent fires damaging over 1500 homes in Bastrop, Texas is also pressuring the Austin leasing market, decreasing the inventory of available rental homes. I specialize in both real estate sales and leasing. I am a licensed Realtor at Austin Advantage Real Estate.
Anyone needing real estate assistance can reach me directly at 512-517-4842.