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Austin Real Estate Blog
What is Fractional Real Estate?Contributed by ATR Admin on November 1, 2007 Fractional real estate allows several people to pitch in to buy a really expensive home. Everyone's name is on the deed, and the various parties can decide who gets the house when. Similiar to a vacation timeshare, this allows people to gain access to a property that they normally couldn't afford. There are now numerous websites specializing in fractional real estate that will help with all the paperwork and logistics. In fact, grandshare.com is offering ownership of the multi- million dollar mansion in Dallas showcased on HGTV for only $600,000. Each partial owner will get access to the fully furnished home every fourth week. While you would certainly need another home, this allows consumers to invest in a property that would otherwise be well beyond their means. Comments: 1 Austin Real Estate Market Ready to ExplodeContributed by ATR Admin on October 23, 2007 According to Business 2.0 and Economy.com, the real estate market in Austin is set to take off in the next few years. They conducted an in-depth study of more than 100 markets across the nation and Austin (along with Houston and Dallas) made the short list of the 10 best places to buy real estate right now. While other areas of the country are seeing the bottom literally falling out of their real estate market, Texas (and Austin particular) seems to be trudging along just fine. Here are the study's predictions for 2008 and 2009. Projected median sales prices for Austin Homes: - Q1 2008: $186,350 - Q4 2009: $195,060 - Growth rate: 4.7 percent While these gains might seem modest to those of us who remember the good old days (or to those who live in Westlake), it should be noted than any gain during this real estate slump (due in part to the sub-prime mortgage fallout) is something to be proud of. Comments: 0 Welcome to the Austin Texas Realty Blog!Contributed by ATR Admin on October 5, 2007 Any member of the AustinTexasRealty community can post articles, opinion pieces, news events, or anything else related to Austin real estate on this blog. Once the site gets so momentum, you can expect to see some great information on the Austin market, trends, opportunities, and where the hot spots are. If you would like to participate, please join the Austin Texas Realty community. It's free for a limited time, so act quickly! Comments: 0 |
Recent Blog Posts...What is Fractional Real Estate? Comments: 1 Austin Real Estate Market Ready to Explode Comments: 0 Welcome to the Austin Texas Realty Blog! Comments: 0 Archive:2Q 2008 1Q 2008 3Q 2007 2Q 2007 1Q 2007 Other Blogs:Houston Real Estate Blog |
