August 2012

Found 2 blog entries for August 2012.

It probably won't surprise real estate investors to hear that Austin is the number four city in the nation for gentrification projects. Of these, the one I'm personally most excited about is the Mueller Development that has no less than 11 major projects in the works to completely transform the area, which is three miles from downtown and the Capitol and two miles from the University of Texas.

If there's any place that screams, "Location, location, location" more than that, I don't know what it would be! Let's look at what's going on down there:

●      A 112-room, four-story Residence Inn by Marriott will go up at the southwest corner of 51st Street and Lancaster. With one and two-bedroom suites and studios, the Inn will be built for those who need

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Hang in there, folks! Just a few more weeks, and we will have done it, survived another Texas summer. The temperature hasn't been the only thing red-hot in this neck of the woods since my last post in May, so let's do some catching up.

In my own business, we closed more transactions in the last six months than we did in all of 2011. The market is benefiting from interest rates sitting at an all-time low, and there are plenty of property bargains to be had. The specific numbers about key market trends calculated in June more than prove my point.

When you compare the June numbers to the same indicators a year ago, everything is trending upward. Sales of single-family homes are up 23% with average sale prices 5% higher than in 2011. The median sale

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