Current Market Rating: 4 1 2 3 4 5 Buyer's Seller's

Current Price Trend: 4 1 2 3 4 5 Falling Rising

Has Obama's Tax Credit really helped stabilize our fallen real estate values across the country? Based on many surveys given out to other Realtors around the country, the answer is..."Yes".

But what will happen at the end of April 2010 when the stimulus package for home buyers end? Other Realtors surveyed across the country overall agree that we are still not out of the trenches. There are many factors…

Recent information provided by the banking institutions stated that though overall they have started to see some profit due to the bailout money and loan modifications, we still have some issues to deal with.

What's going to happen if first time buyers stop buying because there is no Tax Credit? And many of the home owners that got approved for a modified loan are still having problems paying. In fact, almost half are still 60 days late. RealtyTrac announced on April 16th that there were more foreclosures filed in March 2010 than any other month since they started tracking it in 2005.

Despite all of this, Austin still remains among the top 5 cities that have the strongest real estate markets and one of the best places to live.

I still feel that though the Tax Credit has truly helped out our fallen real estate market we are not out of the woods yet. However many home buyers are buying due to the historical low interest rates and not because of Uncle Sam's Tax Credit hand out.

So whether or not the Government continues a stimulus package of some kind, I believe we will continue to see home sales as usual though home prices will move slightly upward and downward depending on supply and demand especially in certain areas throughout our greater Austin and metropolitan real estate market.

Lastly, it's still the best time to buy and move up because if you wait you will pay more and interest rates will be higher. Just think about it, if the real estate market goes up 10% and you own a house, you may get 10% more for your home but you will definitely pay 10%+ for the more expensive home and interest rates may hurt your ability to qualify for house you've always wanted in the future.

For those of you who can't qualify or who may want to invest in real estate, there is another way to buy a home. Non-qualifying Owner financing - No Bank Required. If you would like to learn more about buying a home this way or for a list of homes offering this type of financing, call us today at 512-794-9914. We can even get you into a home in as little as 5 days!

For more information about the Austin real estate market or for a list of available properties, please call 512-345-1919 or visit our website at www.premiereteam.com.


ZIP Codes: 78728, 78727, 78758, 78757, 78759

Approximate Location Boundaries: Travis

Location Characteristics: North Austin area has been in demand for years. Most of which is due to good schools and close to downtown. There are many things to do and lots of shopping around. There is also a good mixture of older and newer homes. There are many large Oak and other type trees throughout the area as well. It is also in high demand due to the high quality newer built homes and condos plus is close to everything including the Domain (our newest high end shopping plaza). It even has easy access to the new toll roads cutting your driving time almost in half. For a FREE list or current and upcoming homes in this area, a FREE HOME VALUE CHECK or for a guaranteed loan, call 512-795-9918 or visit us at www.premiereteam.com.

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