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Buckle up!

In my opinion, continued artificial support will only make the correction worse when it does happen, so we should allow the market to seek its own course, with minimal external manipulation. Continue reading

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More job growth for Austin?

The challenge is growing without sacrificing Austin’s wonderfully unique culture and lifestyle. There are a lot of people here who think we already missed that boat, but I think we’ve done pretty well, as evidenced by the fact that these young, leading edge firms continue to find the area attractive.
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Foreclosures — a quick footnote

Even though Austin is in far better shape that many other places, these Fannie Mae and Freddie Mac will continue to struggle for a long time to come. Continue reading

Amazing contrast!

Austin and Central Texas remain in a very strong position, not only to weather the continuing national economic storm, but to attract new growth and jobs and investment even as the rest of the country works through a very difficult recovery. Continue reading

Is the mortgage crisis ending?

Are we really over the crest or just in a trough between waves? Continue reading

What price range is selling?

Even with sales soft, however, Austin area prices have held their own, and continued to increase slowly in some important market segments. Continue reading

“Solving the foreclosure crisis one homeowner at a time.”

If you or someone you know is going through this devastating situation, please have them call me. I would love to help them get past this and begin to put their financial lives back together. Continue reading

Foreclosure postings up

Austin is still in a much better place than the states that saw the most serious declines in home values over the past couple of years. Here too, though, this problem will likely get worse before it gets better. Continue reading

More about mortgage-backed securities

I have seen other credible forecasts that when the Fed withdraws support, mortgage rates could increase 1% to 2% about current rates. These “power brokers” are more optimistic, and generally see the market stabilizing. Continue reading

The dream lives …

“The U.S. homeownership rate held steady at 67.2 percent at the end of the fourth quarter of 2009, slightly lower than the 67.6 percent rate posted in the third quarter, according to the U.S. Census Bureau.” Continue reading