The HBH Group Real Estate News

2306 Chi Chis Cove, Round Rock, TX 78664 - Round Rock Home for Sale!

This wonderful Lexington floorplan built by Morrison is loaded with $71,000 worth of upgrades (ask to see the list). Grand foyer with an overlook from the 2nd floor. The 4 living areas include a library (retreat area) with french doors and bookshelves and a living room with a gas fireplace downstairs plus a large office with built-ins and familyroom upstaris, 3 of the 4 large bedrooms upstairs have walk-in-closets. The oversized master bedroom with a bay window is downstairs. This is a must see!

1 comment • Steve Homer • July 20 2010 02:33PM

204 Sarahs Lane and other lots in Cierra Springs, Liberty Hill, TX

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Lots and Lots of Liberty Hill lots! All these (8 in all) are one acre in size and ready to build on. Lovely hill country vistas in all directions. You can see for MILES! And at only $39,900 per lot, you could afford two - side-by-side to build your dream home. The owner is prestigious builder John D. Bowen of John D. Bowen construction. He has plans available to build here or simply purchase the lot and choose your builder or contract to build yourself! Anyway works for the owner! Call today for more indformation!

0 comments • Steve Homer • April 06 2010 08:05PM

Detroit's Real Estate Decimation - Commercial Disaster

Michigan has been among the hardest hit of the states during the real estate and foreclosure crisis of past years. Once proud downtown buildings now stand in shambles as a testament to the bad decisions of days gone by. I felt that my readers would find these photos from Yves Marchand and Romain Meffre Photography interesting, and yet sad.

This is the Farwell Bldg in Detroit:

Dentist's Office in Broderick Tower:

UA Theater in Detroit

So all-in-all, most of the rest of the country is in great shape considering!

6 comments • Steve Homer • December 30 2009 11:47AM

Homes for Sale in Round Rock Texas

2 comments • Steve Homer • December 18 2009 09:47AM

Foreclosure Counts Confirmed in Williamson County

Foreclosures Counts Confirmed in Williamson County,Foreclosures are UP in Williamson County,Foreclosures increase in Williamson County Our team ran stats against the foreclosure counts published last week here on the blog. They are real. Up to 306 properties from 209 in August. So we have confirmed the foreclosure counts for Williamson County and have also done some research around this issue. It would appear that the secondary market investors are calling in their chips on a broad scale. Many lenders are now being asked to foreclose on delinquent loans rather than seasoning them to protect property values. This would explain the sudden rise in foreclosures that we have noted.

If you have considered selling, now may be the best time rather than waiting. If this trend of flooding the market with foreclosures here in Central Texas continues, we could start experiencing value losses. We have been able to weather the storm of the economic downturn nicely to this point, BUT that could change as well.

If you are in the market to sell, or if you have tried to sell unsuccessfully recently, call us today and let us work out a marketing plan for you that will work!

Like to know more? Call us at the The HBH Group Realty Team with Keller Williams Realty. You may learn more about us at our websites located at: http://www.TheHBHGroup.com/ and http://www.TheHBHGroup.biz/ or contact our offices at (512) 439-3772 or toll-free at (877) 268-1877. We teach a monthly property investment seminar in the Greater Austin area and YOU ARE INVITED to this FREE event. Simply call our offices to reserve you seats! Also ask about the investors club that we are forming in the North Austin markets currently - We would love to have you participate!

NAHB Housing Market Index Shows Promise for Recovery Now

NAHB Housing Market Index Shows Promise for Recovery Now

According to the National Association of Home Builders, it would appears that our national housing market is recovering nicely. This index echoes almost exactly the business trends that my team and our office are seeing here in Texas. Since April-May of this year, the market has been strong. In fact, it appears as though my real estate team may have our best business month in 8 years in September of 2009. Take a look at the numbers from NAHB.

Housing Market Index (Seasonally Adjusted)
2008	2009
Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug
19	20	20	20	19	18	16	16	17	14	9	9	8	9	9	14	16	15	17	18

Housing Market Index Components (Seasonally Adjusted)
2008	2009
Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug
Single-Family Sales: Present
19	20	20	18	17	17	15	16	17	14	9	8	6	7	8	12	14	14	16	16
Single-Family Sales: Next 6 Months
28	27	26	30	28	27	23	24	28	19	18	16	17	15	15	24	27	26	26	30
Traffic of Prospective Buyers
14	19	19	19	18	16	12	13	14	11	7	7	8	11	9	13	13	13	13	16

Source: NAHB/Wells Fargo, Builders' Economic Council (BEC) Monthly Surveys

The housing market is moving again and 2010 may be a STRONG year! Now is the time to buy if you have been waiting. Market pricing may start to move up in coming months as demand grows, so if you are on the fence - Get off!

We should start searching for your new home today! Call us at the The HBH Group Realty Team with Keller Williams Realty. You may learn more about us at our websites located at: http://www.TheHBHGroup.com/ and http://www.TheHBHGroup.biz/ or contact our offices at (512) 439-3772 or toll-free at (877) 268-1877.

Join us in the Williamson County Real Estate Investors Association meetings held monthly in this area. YOU ARE INVITED to this FREE event. Simply call our offices to reserve your seats! We would love to have you participate!

Call Congress! Extend the home buyer tax credit in Round Rock and around Texas!

Call Your Congressperson TODAY! Extend the home buyer tax credit! The clock is ticking on the first-time home buyer tax credit, which expires on December 1, 2009. However, more time is needed to continue to stimulate housing, which will play a big role in fixing the national economy.

If Congress acts to extend the tax credit program, it would spur 383,000 additional home sales, including 80,000 housing starts down the road as additional sales help deplete the inventory of unsold homes. This stimulus will create nearly 350,000 jobs over the coming year. That's good for the economy and good for America.

How You Can Help Call your members of Congress today toll-free at 866-924-6242 and tell them to:

Extend the deadline for the $8,000 home buyer tax credit through November 30, 2010; and
Make it available to all home buyers.

Thank you for your help in letting Congress know that to restore America, we must revive housing.

2 comments • Steve Homer • September 04 2009 05:49AM

HBH Group Austin Area Listings

1 comment • Steve Homer • August 30 2009 06:22PM

Foreclosure Homes For Sale in Round Rock - Up 46% in Sept 09

It would appear that the lenders have now been cleared to foreclose at will on late paying mortgage foreclosure homes in round rock customers. Based on recent activities within the area, and short sales that our office is currently working, homes that we were told were not going to the county foreclosure sale for months yet, have been placed on the list for September. I ran numbers yesterday and we are up 46% in foreclosure count from August of 2009.

The impact of this practice if continued, could be disastrous on property values. Our market has been fairly strong since the spring here with the buyers very active and properly priced properties moving in 30-60 days. We are encouraging our sellers that have been on the fence to list now rather than wait to hopefully beat any downturn in values that may be ahead resulting from increased forclosure activity. If you are considering selling, call us sooner rather than later. In recent months, our listings have been selling quickly and at 99%+ of list price.

Like to know more? Call us at the The HBH Group Realty Team with Keller Williams Realty. You may learn more about us at our websites located at: http://www.TheHBHGroup.com/ and http://www.TheHBHGroup.biz/ or contact our offices at (512) 439-3772 or toll-free at (877) 268-1877. We teach a monthly property investment seminar in the Greater Austin area and YOU ARE INVITED to this FREE event. Simply call our offices to reserve you seats! Also ask about the investors club that we are forming in the North Austin markets currently - We would love to have you participate!

$8,000 tax credit helps first time home buyers in Round Rock and all over Texas

8000 tax credit for round rock home buyers A campaign to extend and expand the housing tax credit officially got underway on Capitol Hill last month.

Bills have now been introduced in both the Senate and the House to open up the credit, to all buyers, keep it on the books through next year, and get rid of the current income limitations.

On the House side, two Texas congressional representatives - one a Democrat, the other a Republican - have filed bills calling for a broadening of the first-time buyer credit to cover all home purchasers in the coming year, whether they already own houses or not.

Round Rock home buyer tax credit Democratic Congresswoman Eddie Bernice Johnson of Dallas wants to extend the November 30 expiration date for the credit through the end of 2010. Her bill would also remove the income limits of the current program, which start phasing down the amount of the credit at $75,000 for singles and $150,000 for married couples.

Johnson's Republican colleague from the Dallas-Ft. Worth area, Kenny Marchant, also introduced a bill that would open up the credit to all buyers, without income limits, but only through June of next year.

But Congressman Marchant's bill adds a whole new element to the mix - a $3,000 tax credit for people who refinance their home loans. Why? Marchant says the idea is to encourage more people to "take advantage of (today's) low mortgage rates," or to use the money to build equity in their homes "if they're a little underwater."

In the Senate, Georgia Republican Johnny Isakson introduced a bill last week that would nearly double the maximum credit to $15,000, open to anyone who buys a house, regardless of income.

Isakson, who's a former realty company executive, has pushed for a $15,000 credit before - most recently during debate over the national economic stimulus package last February. Congress didn't buy it.

Meanwhile, the influential "Business Roundtable" lobby group, which represents some of the largest corporations in the country, urged Congress last week to broaden the credit to $15,000 -- along the lines suggested by Isakson.

So with the big push for a larger and longer tax credit getting underway, should potential home buyers assume these efforts are going to be successful and worth postponing a purchase?

Probably not.

None of the bills is likely to get much attention from the tax committees in the House or Senate until the Fall - maybe a month or two before the November 30 expiration date for the first-time buyer credit.

Although a short-term extension of the $8,000 credit is a distinct possibility, opening up the program to all buyers will be an uphill battle.

Written by Kenneth R. Harney

0 comments • Steve Homer • July 31 2009 09:38AM

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