Austin Real Estate

The Tax Foundation, a Washington, D.C.-based think tank and advocacy group, released its new ranking of the most business-friendly state tax systems this Tuesday. Texas fell three places to No. 13 after a No. 11 finish last year. Indiana, Washington, and Virginia each moved up the ranking to cause this displacement. According to the index, [...]

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Bank of America is ready to resume foreclosure proceedings, but not in Texas. It is now two weeks since BofA suspended foreclosure filings at the request of the government in the wake of a national mortgage mess. Now the bank is ready to refile foreclosures on more than 100,000 homes in 23 different states. BofA [...]

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According to Residential Strategies Inc, Austin area builders broke ground on 1,391 new houses in the third quarter. This number represents a 34 percent drop from those of the second quarter. “Builders are reporting that new home demand has been in a ‘recharging mode’ subsequent to the expiration of the housing tax credits on April [...]

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The new Nalle Woods 238-unit, Class A apartment complex was sold this Wednesday by its developer to an undisclosed buyer in an all-cash transaction, according to the Dallas office of Holliday Fenoglio Fowler LP. The 267,376-square-foot property sits on 24 acres at 4700 N. Capital of Texas Highway at the Lake Austin Bridge in Austin. [...]

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