Bailout costs over $3.7 Trillion

Thursday, July 22

Remember when the bailout was going to cost $700 million?  The following is from Reuters:Increased housing commitments swelled U.S. taxpayers' total support for the financial system by $700 billion in the past year to around $3.7 trillion, a government watchdog said on Wednesday.The Special Inspe...


Austin, TX Real Estate Statistics June 2010

Wednesday, July 21

July 20, 2010 - According to the Multiple Listing Service (MLS) report by the Austin Board of REALTORS®, demand for real estate in Austin has remained stable despite the expiration of federal homebuyer tax credits at the end of April.The volume of Austin area home sales in June 2010 was 1,987, do...


Hardest Hit States Foreclosure Statistics

Monday, July 19

Though life on the beach is supposed to be a paradise, those states with the most sand still seem to have the most foreclosures.  The following are the hardest hit foreclosure states for the first half of 2010, according to data provided from CNNMoney.com:Nevada:  One in 17 Nevada households, or ...


Austin Texas May 2010 Real Estate Market Statistics

Monday, July 19

The following are the most recent housing from the Austin Board of Realtors.June 18, 2010 - According to the Multiple Listing Service (MLS) report by the Austin Board of REALTORS®, the volume of Austin home sales in May 2010 was 2,074, up 24 percent from the same month in 2009. The median price ...


5 Signals the Housing Market Will Improve

Monday, July 19

The media is speaking regularly about the U.S. economy pulling out of the recession despite a distressed housing market.  Can the American economy be improving without a healthy housing market? Given what a powerful force housing was in the economy before the bubble popped, it seems fair to assum...


Credit Scores at All Time Lows

Tuesday, July 13

According to the Associated Press (AP), the average credit score for Americans is at an all time low.  “Figures provided by FICO Inc. show that 25.5 percent of consumers — nearly 43.4 million people — now have a credit score of 599 or below, marking them as poor risks for lenders. It’s unlikely t...