All Blog Entries by Monte Davis

AUSTIN jumps to # 1Best Performing City

Monday, November 16th, 2009 at 3:49pm. 322 Views, 0 Comments.

Milken Institute/Greenstree  Real Estate Partners released its ranking of Best Performing Cities Index.

Austin jumped from number 4 to the number 1 position and is the only city to have achieved the number 1 ranking twice – the last time being in 2000!

The study ranked U.S. metro areas based on their ability to create and sustain jobs, measuring employment, salary growth and technology output. An explanation is listed below for how Austin obtained an overall first place ranking. The favorable Texas business enviornment also helped Austin and other Texas cities along with a pattern of low taxes. The recent $500 million research funding for Tier One Universities was also cited.

Click Here to access the full press release.

Austin-Round Rock, TX…

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Breakdown of the Homebuyer Tax Credits from NAR

Monday, November 9th, 2009 at 6:48am. 341 Views, 0 Comments.

DOWNLOAD THE PDF OF THE BREAKDOWN 

First Time Homebuyer Tax Credit Extended Into 2010!
Plus...A New Tax Credit for Certain Existing Home Owners!

It's official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November 30, 2009.

In addition to extending the tax credit of up to $8,000 through June 30, 2010, the extension measure also opens up opportunities for others who are not buying a home for the first time.

So Who Gets What?
The program that has existed for FTHBs remains intact with the one exception that more people are now eligible based on an increase in the amount of income someone may now earn.

Additionally, the…

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Austin's #3 on the list of cities poised for real-estate rebound

Wednesday, May 27th, 2009 at 12:33am. 559 Views, 0 Comments.

Denver tops on 'Today' show list of cities poised for real-estate reboundDenver Business Journal

- by Mark Harden, May 19, 2009, 6:08pm MDT | Modified: Wednesday, May 20, 2009

Denver was named America's No. 1 city on the verge of recovery from the real-estate slump in a segment Tuesday on NBC's "Today" show.

Real estate expert Barbara Corcoran, a regular guest on the show, said Denver more than any other U.S. city is "clearly on a rebound.""It's really the perfect real estate success story," she said. "It had one of the highest foreclosure rates in the nation for years running, and now they've cut that foreclosure rate in half and they've turned the corner."Denver, Corcoran said, has "a vibrant downtown, it has a high employment base, it has…

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