Austin Real Estate Update

As you know I am a Real Estate Broker in Austin, Texas. After carefully studying the housing market to include buying and selling real estate in Texas for over 18 years, I have seen both good and bad times. I have also gained a lot of experience and knowledge along the way.

With all this under my belt, I have seen things that have helped improve and hurt the Austin, Texas Housing Market.

These are my own ideas that I have been holding on to for quite some time. The reason I have decided to share them now is to make others aware of problems that I think can be easily be fixed and may even stir up additional ideas that will help the overall economy and housing market. Please keep in mind I am not trying to run for office or get the newspaper. This Blog was simply written in hopes to touch as many people as possible and to get them to think about how it could help our economy and Housing Market.

Idea 1: Increase the FHA loan limits so homebuyers that meet current loan guidelines can buy with minimum down. This will allow those of us who can afford a home but do not have or want to put a lot of money down to get into a home.

Idea 2: Allow all Homeowners to refinance their current mortgage down to current market rates regardless if they have equity or are upside down. This will allow those that maybe struggling to make their monthly mortgage payment a chance to breathe and not face possible short sale or foreclosure in the near future. It will also allow homeowners a chance to free up some additional money so they could start spending a little more.

Idea 3: Allow Real Estate Investors a chance to purchase as many homes as they can qualify for as long as they put 20 to 25% down. This will help decrease the amount of foreclosures and short sales in the real estate market. It will also minimize real estate investors letting their properties go back to the bank.

Obviously, nothing will work all of the time and there are many more ideas out there that will also help our economy and housing market. I hope you have enjoyed reading my Blog and if so pass it on. Maybe these ideas and others will reach the right people to at least review.

Thanks for your time. If you are considering buying, selling or leasing throughout the greater Austin, Texas area to include Cedar Park, Leander, Pflugerville & Round Rock, give me a call at 512-795-9918