Castle Hill’s blog

May 27th Austin Investment Update

by robert, May 28, 2009

Please click here for the May 27th update.

Another #1 Ranking: Most Affordable City

by robert, May 14, 2009

Forbes.com


America's Best Bargain Cities

Zack O'Malley Greenburg, 05.13.09, 4:20 PM ET

Nearly a decade ago, after making a donation to a volunteer-run radio station in Austin, Texas, local librarian Red Wassenich was asked why he chose to support a broadcaster with a penchant for playing ...

The New American Pragmatism: Obama Sums Up Life and Real Estate Investment After the Recession

by robert, May 3, 2009

 

The New York Times
Printer Friendly Format Sponsored By

 

May 3, 2009

After the Great Recession

 

 

On April 14, President Obama gave a speech at Georgetown University, trying to explain why he was taking on so many economic issues so early in his administration. He argued that the country needed to break its bubble-and-bust cycle and ...

Austin Ranks #1 for Future Job Growth Potential

by robert, April 14, 2009

Business News - Local News
Austin ranks No. 1 for job growth potential

Austin Business Journal

Texas dominates a new list on job growth potential among the nation’s largest metropolitan areas.

Austin ranks No. 1 on the list of big ...

The Stunning Decline of Las Vegas, and Reason for Optimism: "The Beating Heart of Commerce"

by robert, April 5, 2009

Tremendous writing and one of the stunning business situations of our time. Imagine - a 50% decline! I am vacationing in Vegas this weekend, and am taken aback by the stories I am hearing from locals. The most memorable is also the most inspiring - our recent Ethiopian-emigree cab driver is purchasing ...

Central Texas Investment Property Update - March 26, 2009

by robert, March 26, 2009

Are you unsure if now is the right time to get back into the real estate investment market?   Do you fear that this may not be the bottom and you're better off waiting?  This week in our Central Texas Investment Property Update we discuss these questions and give you ...

Austin Second Fastest Growing US Metro

by robert, March 19, 2009

Business News - Local News
Austin 2nd fastest growing city in the nation

Austin Business Journal

Austin was the nation’s second-fastest-growing metropolitan area between 2007 and 2008, according to new data from the U.S. Census Bureau.

The population in ...

Texas Not Immune to Global Economic Slump

by robert, March 16, 2009

Dallas Fed report: Recession has landed full force in Texas

By American-Statesman staff | Monday, March 16, 2009, 10:39 AM

Texas’ economy started losing steam in late 2008, and now has joined the rest of the country in a full-blown recession, according to a new report from the Dallas Federal ...

Austin Residential Investment Property Update for Feb 18th, 2009

by robert, February 18, 2009

Castle Hill Investments

Central Texas Investment Property Update - February 18, 2009

Feb 18th - The high drama in the nation's political and financial arenas continues to prove that truth is definitely more interesting than fiction.
 
Barack Obama's administration released their housing plan today, and we are pleased to see the new $8 ...

Fannie Mae Announces 4 Property Limitation to be Removed

by robert, February 8, 2009

This is great news for investors and for the US real estate market. Quality investors have been made to sit on the sidelines for several months now due to the limitation of 4 properties owned by any single investor.

Here is the announcement:

"Fannie Mae is committed to providing financing ...

Texas '09 Residential Real Estate Outlook

by robert, January 27, 2009

The '09 outlook from our favorite Texas real estate publication - high level of accessible academic information.

Please click here: http://recenter.tamu.edu/pdf/1891.pdf

Wall Street Journal: The Rise of the Pre-Negotiated Short Sale

by robert, January 9, 2009

 

Wall Street Journal, REAL ESTATE

JANUARY 9, 2009

Fannie Mae Tests 'Short Sales' as Alternative to Foreclosures

y NICK TIMIRAOS

Fannie Mae is testing a new program to stave off foreclosures by preapproving "short sales" of homes, in which mortgage companies allow homeowners to sell houses for less than the ...

What's "In" and What's "Out" in 2009

by robert, January 1, 2009

December 31, 2008

What's In, What's Out with Home Buyers in 2009?
by Mark Nash

What's IN

  1. Sidelined home buyers. Family or lifestyle additions or changes made in buyers households in the last three years are forcing those waiting out the market transition to finally get off ...

Summit Accomodators 1031 Exchange Declares Chapter 11

by robert, December 23, 2008

It appears that Summit Accomodators (with a branch in Austin) has declared Chapter 11. This firm has been Austin's most recognizable name in 1031 Exchanges, and we've used them for years. Though none of our clients was involved in an Exchange at this time, we have heard some ...

It's Official: 3% Price Drop, 40% Sales Volume Decline

by robert, December 18, 2008

Existing Home Sales Dive 40% in November

Outlook for 2009 not good; Austin doing better than some markets.

By M.B. Taboada
AMERICAN-STATESMAN STAFF
Friday, December 19, 2008

Sales of existing homes in Central Texas plunged 40 percent last month, the largest decline on record, as the recession and credit ...

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