According to new data from RealtyTrac Inc. The state recorded 11,261 default, auction and bank repossession notices in August. That’s 6.8 percent down from July, but up nearly 4 percent from August 2008.Look like we are headed on the right track.  This news coupled with the news that Austin and San Antonio areas may lead Texas out of the recession is...

“The impending expiration of the federal tax credit for first-time home buyers appears to be spurring some buyer activity in the Austin region. Signed purchase agreements (pending sales) in August were up 20.1 percent over a year ago. That’s the largest year-over-year increase in pending sales since 2005. Supply is a different story, as new listings...

Last week I flew out of town on Southwest Airlines.  I noticed an article in there magazine about Phantom Energy.  For those of you who are not familiar with the topic, it is simply the energy used by an appliance while it is “off”.  Most appliances never really turn off.  For example your VCR still displays the clock when it is...

The previously booming home loan industry is undergoing a contraction. In fact, the Mortgage Bankers Association predicts the industry will shrink by 14 percent in 2009. What’s the good news? That means lenders are competing harder to win your business and you can take advantage. Beyond discounts and extended terms, banks are leveraging their scale to...