When people dream of vacation homes, oftentimes they cut themselves off quickly, thinking they would never be able to afford one. However, new research by the National Association of REALTORS® shows that is probably not the case. While vacation homes are obviously a big investment, they aren’t out of reach for those under the six-figure salary mark. According to NAR’s … [Read more...] about Vacation Homes are Not Just for the Wealthy
Construction booms across Port Aransas
Construction continues to steam along in Port Aransas. City records show development moving at a brisk rate. Port Aransas is “a solid, healthy market with willing sellers and willing buyers,” Local Developer Lorette said. “These are individuals, people wanting to have a part of Port Aransas and come and enjoy it”. Many buyers are longtime Port Aransas residents who see a … [Read more...] about Construction booms across Port Aransas
What thrived and dived during the Texas coast recession?
What thrived during the Texas coast recession is a story how two developers came out smelling like a rose. This study is about the lessons learned from two “high-end real estate project developers” that thrived during the worse recession and storms to hit the Texas coast in history. A silver lining from the unfortunate times the region experienced from 2008 to 2012, and a … [Read more...] about What thrived and dived during the Texas coast recession?
International Homebuyers Bring $11 Billion to Texas Economy
The annual National Association of Realtors’ (NAR) survey measuring the level of sales of U.S. residential real estate to foreigners shows that international clients bought an estimated $92.2 billion in residential real estate. That’s approximately 7 percent of total U.S. existing home sales of $1.2 trillion. Of that, $46.7 billion is attributed to Type A clients and $45.5 … [Read more...] about International Homebuyers Bring $11 Billion to Texas Economy
Energy Efficient Mortgages Let Home Buyers Go Green
(Photo credit: Wikipedia) Yes, Virginia, there is such a thing as an Energy Efficient Mortgage, and it's a financial product that coastal residents should believe in. The EEM is available through a Federal Housing Administration program designed to allow homebuyers or homeowners to roll the cost of energy-efficient improvements and appliances into an FHA-insured home purchase … [Read more...] about Energy Efficient Mortgages Let Home Buyers Go Green