New ban on short-term leases in Rollingwood.

Rollingwood, another town west of Austin, has a new ban on short-term leases.

Owners are angry about the city's vote to take away their right to rent their homes out for fewer than 30 days - citing constitutional rights to do what they wish with their property and also the need for extra income during the recession.

However, the city of Rollingwood, which is doggedly determined to remain its' own entity despite it's being nestled right next to Austin's Zilker park, sees the ban as a way to limit residents to home owners and more permanent residents as opposed to turning the village into a temporary resort town for those more interested in what Austin has to offer.

Could Lakeway be next? Visit my website for more information about home sales in Austin and the Lake Travis area.

Texas Foreclosures less than 50% of nat'l avg.

According to Realty Trac forclosures were 11.9% of realty sales in Texas in the second quarter. Nation-wide foreclosures accounted for 24% of realty sales.

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