Author Archive
Business is slow, even at the foreclosure auction
There were a lot of lookers but few buyers at the year’s final foreclosure auction.
Investors who buy foreclosed properties must pay cash upfront — and these days, cash is short, even for them.
Still, about 100 people stood in a cold wind outside the Travis County courthouse on Tuesday morning to look for good deals amid [...]
West Campus boom
Long gone are the days of the West Campus portrayed on Richard Linklater’s Austin film “Slacker,” where shabby houses shared quiet streets with corner markets and vacant lots.
Today high-rise condominiums, commercial and retail businesses are beginning to fill the streets as the city’s university neighborhood overlay plans for the area come to fruition.
The overlay, often [...]
Ben Bernanke on US Economy at Austin Chamber
Federal Reserve Chairman Ben Bernanke on Monday urged decisive action to protect the economy and said the central bank had alternative tools it could employ to help as interest rates approach zero. “Our nation’s economic policy must vigorously address the substantial risks to financial stability and economic growth,” Bernanke told the Greater Austin Chamber of [...]
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 [...]
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 [...]
