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Posts Tagged ‘Austin’

The timing of this makes no sense

J. Andrew English J. Andrew English
Wednesday, June 3rd, 2009

http://www.abor.com/about_abor/GreenRealEstate.cfm

To summarize,  the city of Austin is requiring energy audits for home sales moving fwd. Sellers will be required to pay a few hundred dollars to have their home inspected for its energy efficiency. The findings are then provided to the buyer during the escrow period. The goal is to encourage sellers to make their homes more energy efficient.

I don’t think anyone will argue that we all want more energy efficient homes, however, why in the world are we hitting sellers with additional cost in Austin….. in an already slumping housing market? The timing of this is just dreadful. If you’re wondering how you can live in Austin and not have heard about this… simple… the city of Austin has done a terrible job of letting homeowners know about this new requirement. I would estimate that less than half of Austin Homeowners are aware of this.

The first of more to come in Austin

J. Andrew English J. Andrew English
Monday, August 18th, 2008

http://www.statesman.com/business/content/business/stories/realestate/08/14/0814magnolia.html

If you have been in downtown Austin within the last 6-12 months, you can’t help but notice the large vacant condos perched above the city. Much debate has been made over how many $400k+ condos the Austin economy can support, however, common sense tells us that the astounding # of vacant units is certainly not a good sign for the future.  I continue to be a supporter of the responsible development of these luxury high rises. However, Austin is headed down the wrong path. It goes without saying that you will see more high rise developments in Austin bite the dust within the next year.