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Shane T. White's Blog

By Shane T. White | Broker in 78642
  • Austin Named the No. 1 City for Resident Satisfaction

    Posted Under: General Area in Austin, Quality of Life in Austin, In My Neighborhood in Austin  |  December 20, 2011 10:16 PM  |  3,022 views  |  1 comment
    If you are a resident of Austin then you already know of the many benefits of living in this great city. A recent survey conducted by ETC Institute compared cities nationwide, and when it comes to other cities across the nation Austin ranked number one in resident satisfaction. Among the 13 cities that have a population of over 500,000 residents, the city of Austin had the highest overall satisfaction rating. There were over 1,300 Austin residents who took part in this survey.

    Austin outranked Dallas, Houston, Fort Worth, and San Diego and San Jose, California. The survey looked at 46 different categories and Austin scored above average in 41 out of 46 of those categories. Austin residents are satisfied with the overall quality of services that the city of Austin provides, the overall value they receive when it comes to city taxes, and the city overall as a place to live.

    Residents of Austin felt that the city communicated well with its residents and provided great customer service. Austin residents also felt that the city does a good job in maintaining its streets and sidewalks compared to the national average. Austin ranked high in many areas, however, it fell well below the national average when it comes to traffic flow. The quality of drinking water and public libraries were another area that the city scored low in.

    Now is the perfect time to buy a home in the Austin area. Contact the Shane T. White Team if you are looking to buy or sell your home. Discover what it is like to work with a team with a real passion for real estate. Contact us today at (512) 515-LAND (5263). We are here for you to help you buy or sell real estate near Austin in the Liberty Hill area, including Leander, Georgetown, Cedar Park, and Bertram.
  • Construction Jobs are Strong in Texas

    Posted Under: Quality of Life in Austin, Home Buying in Austin, In My Neighborhood in Austin  |  December 1, 2011 7:28 PM  |  3,227 views  |  No comments


    Jobs are hard to come by in many parts of the country, but Texas is leading the way in the U.S. when it comes to construction jobs. Latest employment numbers over the last year show that from October of 2010 to October of 2011 the great state of Texas added over 17,500 construction jobs. Texas residents are finding it easier to find jobs.

    These new jobs outpaced California who was second in the country who added 17,000 new jobs over the past year according to the U.S. Department of Labor data released by the Associated General Contractors of America. Ken Simonson, the Association’s chief economist said, “Construction employment gains are likely to remain spotty for months to come.”

    The state of Texas as a whole had added many new jobs not only just in construction. When it comes to adding new construction jobs, local factors play a big part, rather than regional or industry trends. Many economists feel that a healthy jobs market is needed to bring back the housing industry to where we need it to be.

    Contact the Shane T. White Team if you are looking to buy or sell your home. Discover what it is like to work with a team with a real passion for real estate. Contact us today at (512) 515-LAND (5263). We are here for you to help you buy or sell real estate near Austin in the Liberty Hill area, including Leander, Georgetown, Cedar Park, and Bertram.

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  • Large Number of New Homes Scheduled to be Built in Lake Travis

    Posted Under: General Area in Austin, Home Buying in Austin, In My Neighborhood in Austin  |  November 29, 2011 7:10 PM  |  3,267 views  |  No comments

    If you are in the market for a new home, Lake Travis may be the place for you. Over the next 30 days, a development team will be hiring seven homebuilders, led by project developer Wheelock Street Capital LLC from Greenwich, Connecticut, to develop the 1,400-acre site. At this time there are 15 homebuilders who are hoping to be among the lucky seven chosen to help develop the Sweetwater community in Western Travis County.  The community is expected to take several years to complete, which will mean steady work for these homebuilders for the next few years.

    The community is anticipated to have 1,800 homes by the time it is complete. Wheelock Street Capital LLC paid $34 million for the parcel of land when the bought it while it was in foreclosure a year ago. The price they paid was about $20 million less than the prior owner had paid for it.

    The Sweetwater community is along Texas 71 near Bee Creek Road. The development of the community was put on hold when the previous developer defaulted on the loan. The new jobs this will create for the community is a welcome sign for Travis County.

    If a new home is in your future, contact the Shane T. White Team if you are looking to buy or sell your home. Discover what it is like to work with a team with a real passion for real estate. Contact us today at (512) 515-LAND (5263). We are here for you to help you buy or sell real estate near Austin in the Liberty Hill area, including Leander, Georgetown, Cedar Park, and Bertram.

  • FHA Loan Limits Reinstated

    Posted Under: Home Buying in Austin, Financing in Austin, Credit Score in Austin  |  November 22, 2011 1:11 PM  |  3,529 views  |  No comments
    According to the National Association of Realtors (NAR), Congress has reinstated for the next two years loan limits on Federal Housing Administration (FHA) insured loans. NAR President Moe Veissi said, “As the nation’s leading advocate for homeownership, we applaud members of Congress for restoring FHA’s previous loan limits, which will help reduce consumer cost burdens, stabilize local housing markets and allow qualified, creditworthy borrowers to access affordable mortgage financing” and “The reinstated loan limits will help provide much-needed liquidity and stability to communities nationwide as tight credit restrictions continue to prevent some qualified buyers from becoming homeowners, and the housing market recovery remains fragile.”

    The revision will reinstate FHA loan limits through 2013 at 125 percent of local median home prices with a maximum of $729,750. The loan limits backed by Fannie Mae and Freddie Mac mortgages will continue to remain at 115 percent of local area median home prices, with a max up to $625,500. Economists at NAR believe that by reinstating FHA loan limits it will help make mortgages more affordable to potential buyers. Nearly two-thirds of homebuyers across the country who have incomes below $100,000 will be helped by this revision. It’s a misconception that only wealthy borrowers benefit from the maximum cost loan limits; middle-class homebuyers living in all areas of the country deserve the same access to affordable mortgage financing and the same opportunity to achieve homeownership that homebuyers enjoy in the most affordable regions of the country,” said Veissi.

    Contact the Shane T. White Team if you are looking to buy or sell your home. Discover what it is like to work with a team with a real passion for real estate. Contact us today at (512) 515-LAND (5263). We are here for you to help you buy or sell real estate near Austin in the Liberty Hill area, including Leander, Georgetown, Cedar Park, and Bertram.
  • Austin Area Home Prices Fall

    Posted Under: Market Conditions in Austin, Home Buying in Austin, Home Selling in Austin  |  November 17, 2011 9:33 PM  |  3,306 views  |  No comments


    Home prices in the Austin area fell by 2.3 percent over the past year, but the good news is they are expected to rise by at least 0.3 percent by the summer of 2012, according to the Fiserv Inc.'s Case Shiller Home Price Index.

    Home prices in Austin are predicted to rise 0.6 percent from the second quarter of 2012 until the second quarter of 2013. David Stiff, chief economist at Fiserv said, “Austin did not get caught up in the housing market bubble. Over the past ten years, the ratio of median price to median family income has been very steady, between 2.5 and 2.7.”

    The Austin area has not seen home prices decrease as deeply as many other areas of the country. It may be attributed to the fact that Austin home buyers are more cautious after seeing home prices plummet in the 1980’s when oil prices dropped and the savings and loan crisis occurred.

    Fiserv  is projecting  average home prices  in the U.S. to drop an additional 3.6 percent by the end of the second quarter of 2012, and they anticipate prices to rise by 2.4 percent by June of 2013.

    Now is the perfect time to buy a home in the Austin area. Contact the Shane T. White Team if you are looking to buy or sell your home. Discover what it is like to work with a team with a real passion for real estate. Contact us today at (512) 515-LAND (5263). We are here for you to help you buy or sell real estate near Austin in the Liberty Hill area, including Leander, Georgetown, Cedar Park, and Bertram.

  • New RiverView Apartments to be Built in Austin

    Posted Under: Quality of Life in Austin, Home Buying in Austin, In My Neighborhood in Austin  |  November 10, 2011 5:33 PM  |  2,515 views  |  1 comment

    Jones Lang LaSalle Inc.’s Capital Markets team out of Houston recently secured construction financing of $35 million to build Austin’s new RiverView Apartments.The RiverView apartments will be the first high-rise residential development in south Austin. The new apartments are set to open in 2013. The equity for the project is being provided by CDK Realty Advisors based out of Dallas, and Bank Of America will be providing a three-year loan with two, one-year loan extension options.

    Senior Vice President Jimmy Board of the company’s Real Estate Investment Banking unit said, “Multifamily developments are still a well sought-after opportunity as proven by the significant interest from a number of construction lenders for this infill-class A apartment development.” The team was able to secure competitive pricing and terms for the borrower due to the location of the project and plans for high-end finishes coupled with a strong amenity base, Board said.

    The complex will be 280,000-square-feet, sit on four acres, and have 302 units. It will be located at the intersection of I-35 and Riverside Drive, along Lake Lady Bird near downtown. The community will consist of four buildings that will vary between five and eleven stories tall. The population of Austin is growing, and new homes and apartments are being made available everyday.

    Contact the Shane T. White Team if you are looking to buy or sell your home. Discover what it is like to work with a team with a real passion for real estate. Contact us today at (512) 515-LAND (5263). We are here for you to help you buy or sell real estate near Austin in the Liberty Hill area, including Leander, Georgetown, Cedar Park, and Bertram.


     

  • Austin Market Among Top Five to Watch in 2012

    Posted Under: Market Conditions in Austin  |  November 8, 2011 6:07 PM  |  1,106 views  |  1 comment
    Austin was listed among the top 5 markets to watch in 2012, according to the annual Emerging Trends in Real Estate report from PricewaterhouseCoopers LLP. Other cities among the top five included Washington D.C., San Franscisco, New York City, and Boston. The city of Austin is a draw for many investors. Austin has all the things needed to deal successfully with the nation’s 21st century realities, the report said.

    Austin MarketAustin ranks higher than Dallas and Houston due to the cities 24-hour core, which includes a community that is pedestrian-friendly, has numerous apartment neighborhoods and plenty of nightlife. The report said, “Businesses have learned they can increase profits with less space – while people can’t afford bigger living spaces. And, while the nation’s lackluster employment outlook delays filling office space, the related drag in consumer spending compromises growth in retail and industrial occupancies and rents.”

    The city of Austin has consistently ranked among the top of many reports when it comes to cities across the country with job growth and small business growth. Availability of jobs is a strength when it comes to the Austin housing market. Austin is growing and thriving and the perfect place to call home.

    Contact the Shane T. White Team if you are looking to buy or sell your home. Discover what it is like to work with a team with a real passion for real estate. Contact us today at (512) 515-LAND (5263). We are here for you to help you buy or sell real estate near Austin in the Liberty Hill area, including Leander, Georgetown, Cedar Park, and Bertram.
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