Austin median home prices rose 7 percent last year and are expected to stay strong this year and into 2008 despite national trends.
The Real Estate Rollercoaster
I ran across this today. It is a fun way to see how real estate prices have changed over the years. It is a rollercoaster ride where the track is based on a graph of real estate prices for over 100 years.
Seen at Consumerist
Austin is the Nation’s Top City for Clean Energy
Austin is the top city in the country for clean technology. They are really pushing for cleaner energy within city buildings and services. This is a welcome mat for forward-looking energy companies. All this means a cleaner city, more jobs and cheaper energy. Sounds good to me!
Mueller Austin has decided on its builders
Mueller Austin has settled on six builders that will provide a diverse choice of homestyles and price ranges. The builders are:
- David Weekley Homes
- Meritage Homes
- The Muskin Company
- Saldaña Homes LLP
- Standard Pacific
- Streetman
For full details, visit the Mueller site
Why real estate is a good investment
Ever wondered why so many millionaires invest in real estate. Maybe its because home prices have risen each and every single year for the past 39 years.
Return on Investment (ROI) Versus Cash on Cash Return (CCR) | Real Estate Investing for Real Blog
I recently found a great explanation of the difference between ROI and CCR at biggerpockets.com.
Mueller Austin
Beginning March 5th, you can apply to buy a home at the new Mueller Austin
development. The application period will run until April 30th. These homes will be ready for move-in by late 2007 or early 2008. This first section will include over 300 of the planned 2200 homes. Read the details of the application process.
Different Age Groups
Eadsbyowner has an interesting post that details the different age groups and what Realtors need to be aware of when working with them. Generation X & Y constitutes 121 million consumers who will be 80% of the first-time home-buyers over the next 10 years.
Austin Communities – Spanish Oaks
Spanish Oaks is an upscale community in Southwest Austin. It features what many consider the nicest golf course in Austin. It also features what will be one of the premiere country clubs in the nation. They currently have a temporary clubhouse and are working on the permanent facility. It will feature casual and fine dining, a full-service spa, salon, exercise center and full bar. A concierge service will also be available to handle such tasks as grocery shopping, dry-cleaning or trips to the airport. The invitation-only club requires that members own houses in the development.
The houses in Spanish Oaks are all upscale. View the beautiful homes that are currently for sale in Spanish Oaks.
Another interesting note: Spanish Oaks is a Firewise community. This means the developer worked with Wildland staff to make the community safer in the event of a wildfire.
Contact me for more information.
Austin One of Best Housing Markets
Austin is the fourth best housing market in the country according to Forbes Magazine. It states that Austin has a median home price of $175,000 and prices have risen 5% from 2005-2006.