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News

It’s Not Too Late!

If you missed out on purchasing a home in 2013, it’s still not too late! 2014 is looks like it will be another great year for home sales and a great time for prospective buyers to get into the market! Austin is a particularly hot market and a great place to secure a solid long-term [...]

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Self Employed? New Lending Guidelines in Effect

Self Employed? New Lending Guidelines in Effect

Effective January 2014, lenders now have new guidelines when qualifying self employed borrowers. The New York Times article linked below outlines the new documentation to be required by lenders. http://www.nytimes.com/2014/01/19/realestate/new-snags-for-the-self-employed.html?ref=mortgages&_r=0 Contact one of 787 Realty’s fine Realtors for more information about the Austin housing market or to buy and sell a home.

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2013 Year End MLS Stats

Austin-area home sales set new record for December, inventory reaches all-time low; 2013 ends with increased sales volume, home prices and demand Austin Board of REALTORS® releases real estate statistics for December 2013 and 2013 year-end totals   AUSTIN, Texas – January 17, 2014– According to the Multiple Listing Service (MLS) report released today by the Austin [...]

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Homeowners Gain $2.2 Trillion in Equity in 2013

This article from Inman News discusses how important equity is in your home. With the surge in the housing market in 2013, homeowners gained equity across Austin and across the U.S. http://www.inman.com/wire/biggest-story-in-american-real-estate-in-2013-homeowners-gain-2-2-trillion-in-equity/

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Advantage of a Local Lender

This is a great article from the New York Times that explains the advantage of using small local lenders. http://www.nytimes.com/2013/12/29/realestate/a-big-push-from-small-lenders.html?_r=0&adxnnl=1&ref=mortgages&adxnnlx=1389284727-1KXxbYHh+ommWErWonNTRg Contact 787 Realty today for more information on Austin real estate and our preferred local lenders.

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November 2013 MLS Stats

Austin-area home sales rise 14 percent, hit seven-year high for November Austin Board of REALTORS® releases real estate statistics for November 2013 AUSTIN, Texas – Dec. 19, 2013 – According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR), the volume of home sales continues to rise as November became the [...]

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Is an F.H.A. loan the right choice for you?

F.H.A. backed loans cater to first-time buyers because they require as little as 3.5% down, but insurance premiums are high. Check out this New York Times article for more information. http://www.nytimes.com/2013/12/08/realestate/the-downside-to-fha-loans.html?_r=0 Interested in the Austin real estate market? Contact one of 787 Realty’s great Realtors today!

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October 2013 MLS Stats

Austin-area Home Sales, Prices up Nine Percent in October Austin Board of REALTORS® releases real estate statistics for October AUSTIN, Texas – Nov. 21, 2013 – According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR), Austin-area home sales and prices increased nine percent in October. According to the report, 2,145 [...]

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Broker vs. Bank

Before deciding on a lender, borrowers should compare offerings from both brokers and banks, whether online or at a bricks-and-mortar location. The New York Times article linked below is a good guide for borrowers. Contact 787 Realty for contact information for our preferred lenders. http://www.nytimes.com/2013/12/01/realestate/choosing-between-mortgage-broker-and-bank.html?_r=0

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Austin Ranked #1 in Economic Conditions

Austin’s economy has been consistently strong which has led to another #1 ranking of economic conditions by the Business Journal. Take a look at the link below for more information. http://www.bizjournals.com/bizjournals/on-numbers/scott-thomas/2013/10/october-2013-standings-for-on-numbers.html

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