Archive for August, 2013

Despite a Strong Market the Median Sales Price is Dropping in Round Rock and Cedar Park Texas

Sunday, August 4th, 2013

   Median Sales Prices started to drop in West Round Rock in May 2013, while time on market decreased and inventories rose. Median Sales Prices started to drop in Cedar Park in May 2013, while time on market decreased and inventories rose.  

U.S. Cities Getting Austin Envy

Sunday, August 4th, 2013

Forbes contributor and self-proclaimed trendspotter Marian Salzman, recently proclaimed that Austin is so cool, it transcends trendy. “Austin, which has remained true to its ‘Keep Austin Weird’ bumper sticker spirit for years and years, suddenly seems to be having a moment.” Salzman attributes the national feeling of Austin envy to its business-friendly environment, “quirky quality […]

Goodbye Ultra-low Mortgage Rates

Sunday, August 4th, 2013

The average rate on a 30-year fixed-rate mortgage jumped 18 percent from May to June to 3.91 percent from 3.3 percent. Fannie Mae’s chief economist Doug Duncan told CNNMoney,  “It’s unlikely that rates will ever be that low again.” CNN Money reported that ultra-low mortgage rates are a thing of the past, citing reasons including […]

Austin Now 11th Largest City in U.S.

Sunday, August 4th, 2013

A report recently released by the U.S. Cenus Bureau named Austin as the 11th largest city in the country, jumping two spots from 13th in 2011. In the year between July 2011 and July 2012, over 25,000 people moved to Austin. The newcomers helped increase the population to 842,592 from 820,611 in 2011.  Mayor Lee […]