Archive for November, 2008
Are These Retail Store Closings True?
Recently, we received an email from a follower describing a wave of retail store closures taking place around the country and caution around the purchase of Gift Cards from retailers that may not be able to honor them after the first of the year. The list was long and was reportedly a result of the [...]
City Delays Public Improvement District policies
Original article posted by Austin Business Journal
The Austin City Council on Thursday postponed indefinitely a resolution to establish a policy and general criteria under which it will consider developers’ requests to create public improvement districts.
The Austin Business Journal incorrectly reported on Thursday that the measure passed.
In a public improvement district, or PID, the city enters [...]
Austin Home Sales Fall in October
Originally Published by the Austin Business Journal.
Single-family home sales in the Austin area fell 25 percent in October compared with the same month last year, and October’s active listings rose 5 percent from the same time last year, according to data from the Austin Board of Realtors.
Single-family home sales contributed $324 million to the Austin [...]
Dwellgo Feature Update: November
You Can Now Archive Your Messages - New
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Buyers can now de-clutter their inbox by archiving messages. By clicking the “X” at the bottom right hand corner of any message, it will automatically be sent to your archive folder. Would you like to see that message again? Simply go to the ‘Show’ [...]
The ‘When’ and ‘How’ of a Buyers Market
If you are an active Real Estate Investor in Austin Texas, you have inevitably heard that we are edging closer and closer to a Buyer’s market. By rigid definition, a Buyers market is when the supply of homes exceeds 6 months the average absorption rate. To clarify, if the total supply of homes in Austin [...]
How do Austin home prices stack up against other college towns?
Coldwell Banker has come up with a new twist on football rivalry, comparing home prices in some of the country’s major college football towns, and Austin ranked 55 out of the 119 markets surveyed.
Austin, home of the number 3 BCS-ranked University of Texas football team, has average home prices of $241,325, according to the Coldwell [...]
How low can Fed go on interest rates?
Many economists predict another rate drop - to half a percentage point, an all-time low…
By Jeannine Aversa
ASSOCIATED PRESS
Austin American Statesman
WASHINGTON — Just how far will the Federal Reserve go in lowering interest rates to save the country from a possibly long and painful recession?
Reducing its key rate from the current 1 percent all the way [...]
Obama Needs You….Now!!
As the extraordinary events of Wall Street enter the 6th week, our nation pauses to celebrate an historic Presidential election. Barack Obama is the 44th President of this great nation! Can you imagine the burden Obama must have awoken with this morning? In his words: Two wars, a planet in peril and the worst financial [...]
Tonight is the Night!!
Tonight is the night! Close to 65 million viewers watched the election results four years ago and with the emotions that have built around this election, considerably more millions are estimated to watch tonight. So what should we expect? How long will we have to sit in anticipation? What states are responsible [...]
