The Real Estate Zone – 8/23/14 Show Podcast

by khoerner on October 20, 2014

The Real Estate Zone radio show from August 23, 2014:  Topics include interest rates.


The Austin Real Estate Market still has legs!

by John McClellan on September 23, 2014

Big question!  How much longer will this incredible real estate market hold on in Central Texas?  Real estate happens in cycles, and sometimes we can look to the past to divine the future.  The chart you see is a snapshot of the Austin real estate market, month over month, from 1994 to August 2014.  I have said that looking to the past to make sound real estate decisions is like driving a car down the highway and only looking in the rear view mirror to steer. You will eventually crash; but, even if you are looking forward, you should use that rear view mirror to help make sound decisions on the road.

In the chart I track monthly units sold and months of inventory available (thanks, Texas A&M Real Estate Center for the data).  Basic economics says that, when supply (inventory) is down and demand (units sold) is up, we will see high prices.  In this chart [click to continue…]


Comparison of future and current USDA eligibility areas

September 20, 2014

October 1 signals the new map changes for USDA.  Here is a link:  USDA.  Map at the top is future, and map at the bottom is

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Fed speculation rocks mortgage rates this morning!

September 10, 2014

Fed comments rock mortgage rates this morning!  Mortgage rates have jumped up considerably since yesterday!  Bloomberg CNBC Fed Weighs Change to Rate Guidance for Added Flexibility – This speculation has led to a sell-off in MBS and 10-year TSY this a.m., sparking new fears of higher mortgage rates in the near future.  All signs point […]

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Surprisingly bad jobs report opens window for lower rates in short term

September 5, 2014

Mortgage rates are set to drop this morning on a surprisingly Bad jobs report. Economists had forecasted 225k new jobs, but the Monthly jobs report held only a meager 142k. MBS and Tsy rallied.  The question is this:  How long will they hold and will these numbers be revised?  At least for today we are […]

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Listings/Pendings compare ratio remains strong

September 3, 2014

Listings to Pendings compare ratio continues to slip in the Austin MLS. Active listings (SFR only) 6619 Pendings (SFR only) 3253 Compare ratio = 2.03 Still a VERY hot market, but we have slowed down compared to the market earlier this summer and spring.   John McClellan

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Are you Flipper or a Flopper?

May 5, 2014

How to make money, not lose money, when flipping real estate I want to get into real estate and flip houses!  That statement or the question that follows (How do I do that?) is made over and over again to me on a weekly basis.  There are a few flippers out there who do very […]

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USDA Update! Population limits raised to 35,000!

February 27, 2014

Just got some inside scoop from friends at the USDA office.  Kyle, Hutto, Taylor, and Leander are not going away until after 2020 census because the population limit has been raised to 35,000.  (Previously 25,000 was the population limit.)  This is great news for affordability!  USDA loans are the most affordable or lowest down payment […]

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Mortgage rates continue to fall in the first month of 2014

January 24, 2014

Weaker economic news drives interest rates to 3-month lows.  Will we continue to see rates fall into February?  January’s Non Farm Payroll report is due out February 7, and 174k jobs are forecast to be added  and the unemployment rate is expected to hold at 6.7%.  Last month’s disappointing 74k number for  December  has given […]

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USDA Map changes may be on hold – Fingers crossed!!!

January 15, 2014

In December, Congress passed an omnibus spending bill to fund the government for FY2014 through September 30, 2014.  This bill did not contain any appropriation details.  Monday night, the 1500-page Appropriations Bill with the details was published pending approval by both houses.  In the Appropriations Bill, the currently eligible areas for the USDA Rural Development […]

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