About Georgetown's Sun City

New information from the National Association of Realtors (NAR) show that the U.S. housing market may be reaching bottom and parts of the country on the way up.

The NAR index, which tracks contracts to purchase resale homes, shows a rebound in numbers from November to December and also showed an increase in the yearly results.

The index, adusted for seasonality, showed that the pending sales index for resale homes rose 6.3% in December to 87.7 from November's reading of 82.5, the lowest month on record. The index was up 2.1% from December of 2007.

The number of pending home sales increased about 13% Texas and the Southern and Midwest U.S., but fell about 4% in the West and 2% in the Northeast.

For more information about Austin Texas Real Estate visit http://www.RomeoM.com

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 3^rd 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

Several of the Coldwell Banker Realtors have joined up creating a team to focus on the Sun City Real Estate market. All of the Sun City Team Members are licensed, experienced Realtors® who know the local market and are working with the goal of obtaining the best possible price and the best possible terms for Sun City Home Buyers. Meet the team.

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.