Forbes has ranked Austin the 8th best place for business in the country. Forbes.com ranked Austin 8th after giving Austin a 47th place a year ago. The list considers things like cost of doing business and projected employment growth. That’s right folks. Employment GROWTH!!! See more at Forbes.com Neuhaus Realty Group Austin, TX About Ed...
Existing Home sales UP!!!!
This morning the National Association of Realtors reported existing homes sales for February rose 5.1%. For the same time period Austin Board of Realtors are reporting a slower number. Homes sales in Austin are slower then the national average but home prices in the area are up 5%. Check out the links below for the full stories. The national report states...
Austin 2nd Fastest Growing City
Austin ranked 2nd fastest growing city in the country for a period ending in July 2008 as reported in an article in the Austin Business Journal on march 19th. This is a interesting story because it shows that while other areas of the country were having hard times Austin was growing. This is not to say that Austin will continue to see this growth. If you...
How a 1031 Exchange Works
A section 1031 tax deferral allows an investor to sell a property, then reinvest the proceeds in a new property and defer all capital gain taxes. Specific conditions for the exchange state that it must be of like-kind and must take place within 45 days of the close of the sale. To understand more about how this exchange works, consider the following example: If...
New Real Estate Taxes
Many home owners in the state do not yet know about the proposed real estate transfer tax. The 81st Texas Legislature has circulated several bills that will impose a tax on the transfer of real estate. Most involved in real estate know that this is not a good idea. Property owners in this state already pay a consider amount in property taxes. There are...
Could Austin Homes Prices be on the way up?
An article posted in the Community Impacts News letter, called “Housing shortage may cause home values to rise by 2011″(link at bottom) written by Eric Pulsifer. Eric has a very interesting point regarding the slow down in building around Austin. He talks about the lack of building in the under 200k houses, and how that will lead to...
New Energy Audit Required
Last night while I was watching the news, a story about the new Energy Audit came on. Like most home owners in Austin I had no idea that this law had passed. I had heard about it but did not know it had gone into effect. Well, it has not gone into effect yet. June first is the day it starts. If your home is on the market before June first you do not have to have...
$8,000 From the Feds for your new house!!!
That is right. The federal government will give you $8,000 if you buy a house this year. There are a few things that you should know. First, this needs to be your first house. Or at least your First house in a while. I am not sure how long you must have not owned a house but I have heard of a guy who is getting the money after not owning a home for 61...