Showing posts with label buying. Show all posts
Showing posts with label buying. Show all posts

Wednesday, August 12, 2009

2nd Quarter Existing-Home Sales Rise in Most States, Helped by Affordable Metro Prices

Washington, August 12, 2009

Existing-home sales in the second quarter showed healthy gains from the first quarter in the vast majority of states, and price declines have increased affordability in most metro areas, according to the latest survey by the National Association of Realtors®.

Total state existing-home sales, including single-family and condo, rose 3.8 percent to a seasonally adjusted annual rate1 of 4.76 million units in the second quarter from 4.58 million units in the first quarter, but remain 2.9 percent below the 4.90 million-unit pace in the second quarter of 2008.

Thirty-nine states experienced sales increases from the first quarter, and nine states were higher than a year ago; the District of Columbia showed both quarterly and annual rises.

Lawrence Yun, NAR chief economist, said the sales gain appears to be sustainable. “With low interest rates, lower home prices and a first-time buyer tax credit, we’ve been seeing healthy increases in home sales, which are a hopeful sign for the economy,” he said. “There have been sustained sales gains in Arizona, Nevada and Florida, as well as diverse areas such as Maryland, the District of Columbia and Nebraska. More recently, we’ve seen strong double-digit gains in Idaho, Utah, New Mexico, Washington, Hawaii, New York, New Jersey, Maine, Vermont, Wisconsin, Indiana, South Dakota and Montana.”

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Read the entire article here or visit my website for more information about home sales in the Austin, Texas area.

Saturday, August 1, 2009

'Error' will delay property tax rates

See my blog post for my personal experience on fighting my property taxes at TCAD.

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More than 15 percent still protesting
rates

AUSTIN (KXAN) - Due to a "clerical error," more than 140 jurisdictions in Travis County will have some major headaches, and possibly some upset taxpayers, as they must now wait to set their true tax rates for next year for at least another month.


The City of Austin, Austin ISD, and other Travis County taxing authorities will have to wait when it comes to setting how much they will tax property owners.

"We incorrectly certified [the tax roll]," said Travis County Chief Appraiser Patrick Brown Thursday.

By law, an appraisal district must certify the values of the property listed on its tax roll with 90 percent of the property not under protest by July 20.

This year, a mistaken query falsely identified 90 percent of the property not under protest, Brown said.

In reality, about 15 percent of people are still protesting their property taxes, he said.

"Part of the problem due to the large number of protests this year," Brown said. "They're maybe figuring out that this is a way they can save some money."

More than 90,000 people protested their property taxes this year in Travis County, compared to 62,000 last year, said Brown.

Brown said the tax rolls should not change from the original estimates sent out in error.

The Austin City Council could vote on a maximum property tax rate as early as next week, but could not set a final tax rate until the roll is certified.

The 2010 budget is set on recommendations to raise property taxes by $69 per year for the median household, arriving as a way to shore up a nearly $30 million budget shortfall for 2009-2010.

In a memo to the mayor and city council members, Austin's Chief Financial Officer Leslie Browder said the city is working with the Law Department to determine if the delay will affect "truth-in-taxation" requirements required by law leading up to the adoption of a tax rate, and whether it will affect the city's budget schedule.

The police, fire, EMS, Municipal Court, health and human Services, library and parks and recreation departments will present their budgets to the city council at a meeting on Wednesday, Aug. 5 from 9 a.m. to 3 p.m.

The next day the city will hold a public hearing.

The Austin Energy, Economic Growth and Redevelopment Office, Austin Water Utility, Solid Waste Services, Watershed Protection, Public Works, Austin Transportation Department, Aviation, Convention Center, and Planning and Development Review departments will present their budgets on Wednesday, Aug. 19 from 9 a.m. to 3 p.m.

If needed, the city will again host a public hearing the next day and hold more budget presentations on Wednesday, Aug. 26 from 9 a.m. to 3 p.m.

The budget approval readings will take place from Sept. 14 to 16.

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Read the original article here or visit my website for information and advice about owning, buying, or selling a home in Austin, Texas

Wednesday, July 29, 2009

Neighborhood Profile: Steiner Ranch

For homeowners in Steiner Ranch, living is a SNAP

Saturday, July 25, 2009

Steiner Ranch has long been known as a successful neighborhood, but many home buyers do not know the extent of what the area offers and what makes it distinctive.

When you think of the best features of Steiner Ranch, just remember that living in Steiner Ranch is a SNAP — Schools, Nature, Amenities and Price.

Schools

Steiner Ranch is the crown jewel of the Leander Independent School District.

Three exemplary-rated schools — Steiner Ranch Elementary, Laura Welch Bush Elementary and Canyon Ridge Middle School — are located in the community and have built a reputation of academic excellence.

This August, two more schools will serve the Steiner Ranch students. Vandegrift High School will open just outside the community, and River Ridge Elementary will become the third on-site elementary school.

"I would put the education my kids are getting here in Steiner Ranch next to anybody's," said Keith Sommer whose kids attend Laura Bush Elementary. "The parental involvement here is outstanding and the teachers really care."

Nature

With both Lake Travis and Lake Austin surrounding the community, Steiner Ranch offers natural beauty like no other place in Austin. Flanked by the Balcones Canyonlands Preserve, the landscape has a wide-open feeling while still being close to conveniences like shopping and restaurants. Downtown is a short 25-minute drive as well.

"After researching countless neighborhoods in the Austin area and talking to friends, we found ourselves in Steiner Ranch," said Stacy Wilson, a resident for five years. "Our first impression was 'Wow, this is it. What a beautiful area!' We drove in and saw the lake views and rolling hills, and we knew that this was a place we could raise our family."

Amenities

As members of the homeowners association, Steiner Ranch residents enjoy a comprehensive amenity package that includes three community centers — each with pools, tennis and basketball courts.

Sports teams have access to multi-purpose fields where more than 150 teams practice each week. Twenty miles of trails wind through the greenbelt areas allowing endless opportunities to enjoy the outdoors.

"The miles of beautiful trails here are accessible from every neighborhood, which was a huge selling point for us. We had no idea the trails would look so natural — like a path through the woods. We frequently find ourselves exploring with our dogs, who couldn't be happier," said Wilson.

Price

With homes from the upper $200s to more than $3 million, Steiner Ranch offers something for almost every lifestyle and price range.

As compared with other areas of Austin, Steiner Ranch is a tremendous value for the money as well. Whether your dream home is a Mediterranean-style golf course home, a 2,500-square-foot single story or an 8,000-square-foot custom home on the lake, you can build it in Steiner Ranch.

"People are so amazed at how much further their money goes in Steiner Ranch compared with other areas of town," said Kathy Mayer, community sales manager. "Buyers can still get a new home with every imaginable upgrade and stay within budget. Instead of remodeling, it makes it that much more tempting to buy new."

Now is an especially good time to be looking at Steiner Ranch. There are currently homes in every price range available for move-in before school starts.

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Read the original post here or learn more about this beautiful community and others on my website.

Friday, July 24, 2009

Austin, Texas -- One of the best cities for the outdoors

Best Cities For The Outdoors

From Forbes.com

San Franciscans are known to brag about their exceptional quality of life--especially when it comes to the outdoors. As it turns out, they're not exaggerating.

The bayside city enjoys sunshine for two-thirds of the year, and the balmy summers turn to mild winters. But it's not just pleasant weather that makes San Francisco so ideal for its active residents. The city has set aside 18% of its land for parks and spent $268 per resident on parks-related projects in the fiscal year 2007.

Those reasons combined are why San Francisco ranks as the best city for the outdoors for the second consecutive year. In general, Californians are a lucky bunch: San Diego, San Jose and Sacramento all ranked in the top 10, while Los Angeles tied for 11th with Austin, Texas.

Cities that topped the list offer residents a mix of outdoor activities, including community gardening, access to urban forests and miles of hiking trails. Though few of the measures change drastically from year to year, the recession may have a long-term impact on these rankings since many cities have been forced to cut back their parks budgets significantly. Both Phoenix, which fell from fifth place last year to eighth place this year, and Philadelphia (which remained 29th), have eliminated positions or services. Even San Francisco has made similar tough choices.

Behind the Numbers
To determine which of the 40 largest cities are best for the outdoors, Forbes used research from the nonprofit organization Trust for Public Land, the National Oceanic and Atmospheric Administration (NOAA) and the Environmental Protection Agency (EPA). The Trust for Public Land provided data on spending and park land, which it collected from city municipalities.

Data on the weather were collected from historic averages maintained by NOAA. Forbes looked at air quality in each city's county seat between 2000 and 2007 and averaged the number of unhealthy days during that time. Some cities have different averages than last year since the threshold for ozone pollution was lowered in 2008. Click here for the complete methodology.

The aforementioned top cities--which are joined by Virginia Beach, Va., Jacksonville, Fla., and Seattle Wash.--performed well in the categories measured: parks spending, percentage of park land, recreation facilities, air quality, sunshine, snowfall, precipitation and temperature extremes.

While San Francisco took the top spot for the second straight year, Detroit, Mich., fell to the bottom of the list once again. Among the 40 cities ranked, Columbus, Ohio, (No. 39), Milwaukee (No. 37) and Indianapolis (No. 38) also performed as poorly as last year.

Park Perks
San Francisco may be well known for the Golden Gate National Recreation Area--its 75,500-acre crown jewel--but the city doesn't rely solely on that flagship park to meet the needs of its outdoorsy residents. It maintains more than 230 parks, in addition to hundreds of athletic facilities, including tennis courts, baseball diamonds, golf courses and swimming pools. Residents also have access to more than 40 community gardens.

The Tampa, Fla., parks department refers to the city's 7.8 million trees as an urban forest. Just northeast of the city, residents can escape to the 16,000-acre Wilderness Park and explore 60 miles of trails through wetlands. The city, which ranked fifth this year, also operates standard recreation facilities and provides river access for canoing and other water sports.

In Phoenix, the scorching heat doesn't stop residents from enjoying the outdoors. There are six public golf courses, four skateboard parks and even a "horse lover's" park for equestrians. Several hiking, biking and riding trails pass through desert preserves. New voter-approved funding for expansion of these parks is one of the only bright spots in a bleak forecast for Phoenix's budget.


David Urbinato, a spokesman for the parks department, says the city has slashed $24.5 million from the 2009-2010 parks budget in response to dramatically reduced construction and sales taxes. That reduction is in addition to a 12.2% cut during the prior fiscal year. Urbinato says such cuts will translate into less routine maintenance; while a broken sprinkler, for example, might have taken less than 24 hours to fix, it will now take two days.

Money Matters
San Francisco, despite topping the list, isn't immune to tough times either. The city's parks department had to cut $8.8 million from its budget to adjust for declining tax revenue. Among its cost-cutting measures are plans to eliminate several management and administrative positions.

Catherine Nagel, executive director of the City Parks Alliance, a nonprofit organization that counts parks administrators among its members, says that the stimulus package did not include funding for urban parks. Nagel called the omission "short-sighted", referring to research--some of it conducted by the Trust for Public Land--demonstrating that urban parks can contribute significant economic value in the form of jobs, tourism and increased property values.

In Philadelphia, officials expect to maintain the parks department's core services despite slashing at least $7 million from the fiscal year 2010 budget. Residents are likely to notice a difference, however.

Susan Slawson, the city's recreation commissioner, says the city will reduce seasonal staff and eliminate vacant positions. The biggest loss, she says, is the closing of 27 of the city's 73 pools.

"Our goal is to do the best we can," she says, "even though we're facing some very difficult times."

In the meantime, city dwellers might want to take advantage of the outdoors while local governments can still afford to foot the bill.

For more information about moving to Austin, Texas, visit my website.

Thursday, July 2, 2009

Central Texas home sales showing signs of a pickup

Central Texas’ new-home builders started nearly 35 percent fewer homes in the second quarter than a year earlier and closed 36 percent fewer sales, new figures show.

However, there are signs the market may be picking up from earlier this year, because builders started 1,861 new homes in the second quarter, up nearly 53 percent from the first three months of 2009, according Residential Strategies Inc., which tracks the housing market.

“The second-quarter period historically marks a time of increased start activity, based on increased buyer traffic and sales during the spring selling season,” said Mark Sprague, the Austin partner with Residential Strategies. “Homebuilders had very few backlog orders to fulfill during the first quarter and no need to begin any speculative construction, but buyer traffic and sales have increased, marking the need for additional starts during the second quarter.”

For the 12 months ending in June, builders closed 8,978 sales, down 32 percent from the 12 months that ended in June 2008.


From The Austin American Statesman


For more information about Real Estate Trends in the Austin area visit my website.

Real Estate Trends in Texas

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