According to the latest report from www.ofheo.gov the U.S. government's website regarding real estate values - the Austin area ranked #1 for appreciation for the 3rd quarter of 2008 with a 5.62% appreciation rate. Although that may not seem like much - it is a welcome site compared to some of the double digit declines in other areas of the nation. The rental market is very strong and sales have picked up since the beginning of the year. With builders offering big discounts and rates in the low 5% range, we are seeing first timers and move up buyers starting to get off of the fence. For more information about the Austin Real Estate market visit http://www.RomeoM.com
On Wednesday February 4, 2009, Congress voted on a new proposal that would allow a tax credit of 10 percent of the value of new or existing residences, up to a $15,000 limit for home buyers. Current law provides for a $7,500 tax break but only for first-time homebuyers. The proposal would cost the government an estimated $19 billion increasing the overall stimulus package to over $900 billion dollars. This is one of many attempts by the new administration to stimulate the economy. The provision was the second tax cut approved in as many days targeted to individual industries. On Tuesday, the Senate voted to give a break to consumers who buy new cars to help creat a greater demand for the automobile industry. To read more Austin Texas Real Estate information visit http://www.RomeoM.com
Source: Yahoo News
Country Western Event at Sun City Texas!
So if you've been thinking about visiting Sun City Texas in Georgetown, TX now is the time. Sun City is holding a special 3 day event on Feb 20-22 with a special performance by country western artist Sonny Burgess on Friday, February 20th at 7pm. If you RSVP by Feb 18th, there is NO CHARGE. Sun City is also running some great specials on their inventory homes February 9th-22. Email me for more information or you can call me directly at (512) 743-7820 to learn more about Sun City Texas or to request a free DVD. You can also visit http://www.RomeoM.com for more real estate information or to read my other Austin Texas Real Estate blog.
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