September 2014

There are 3 blog entries for September 2014.

Austin is famous for many things: live music, great barbecue, and for its residents’ “Keep Austin Weird” outlook.  During the month of September, Austin’s unique real estate properties will also be keeping Austin weird.  Specifically, on September 13 the first ever Austin Weird Home Tour will be taking place and giving Austin residents a chance to get inside some of Austin’s mot unique properties. Thetour will include access to Casa Neverlandia as well as a house made with shipping containers and a home constructed out of adobe earth bags among others.  Tour tickets range in price from $22 to $37 with proceeds benefiting the nonprofit organization Caritas of Austin.  For more information pleasevisit the Weird Homes Tour.

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The month of September is officially known as the start of fall.   However, what most Austonian’s might not know is that the month of September is also a historically “slow” month when it comes to real estate transactions.  Specifically, during the month of September, the number of sales transactions taking place in Austin is generally less than during spring/summer months.  For example, in September 2013 the number of single family homes’ sales in Austin decreased by approximately 20%.  While this trend does not signify a slowing in the housing market as a whole (ie: 2014 single family home sales neared the 3,000 mark for a second year in a row), it does mean two things.  First, for sellers, it means that creative marketing strategies need to be utilized

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The decision to purchase or sell real estate is one that should not be taken lightly.  As a result, it should not come as a surprise that most people start researching their local real estate market months before making a real estate related decision.  In addition to researching your real estate market, it is important to have a working knowledge of the mortgage rates including the murmurs of their rising.   Specifically, according to the Home Buying Institute, Freddie Mac, the Mortgage Banks Association and the chief economist for the National Association of Realtors, it is anticipated that fixed mortgage rates will reach 5% or higher by the end of 2015.  While these predictions are not a guarantee of what will happen, persons considering buying or

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