Real Estate Blog
Monday, June 29 2009
Are you no longer afford to make your monthly loan payments? You may be qualified for a loan modification to make your monthly mortgage payment more affordable. Millions of borrowers who are current, but having difficulty making their payments and borrowers who have already missed one or more payments may be eligible.
First, contact your mortgage provider whether you wil be qualified for. You will need to show that you have adequate income to make a reduced payments on an ongoing basis and that modification is an appropriate option given the characteristics of your mortgage and the value of your home.
Under the Home Affordable Modification program, the target maximum amount for your mortgage payment (or mortgage debt-to-income) should be 31% of your gross (pre-tax) monthly income. In your monthly payment should include principal, interest, insurance, tax, and home owners due, if applicable. Your total gross income of all the borrowers who signed your mortgage before any taxes or other deductions are made.
You may go to http://www.hud.gov for more info.
If you need help, contact Susie Kang at 512.695.1481 or email at Susie@JoaRealty.com
Sunday, June 28 2009
The Texas economy is sliding deeper into recession. The state’s economy lost 222,400 jobs from May 2008 to May 2009, an annual job loss of 2.1 percent. Over the same period, the U.S. economy lost more than 5.5 million jobs or 4 percent of its total nonfarm jobs.
The state’s seasonally adjusted unemployment rate rose from 4.7 percent in May 2008 to 7.1 percent in May 2009. The U.S. rate rose from 5.5 percent to 9.4 percent during the same period.
Only two Texas industries (education and health services and leisure and hospitality) and the government sector had more jobs in May 2009 than in May 2008. Nine industries experienced net job losses over the same period.
Only six Texas metro areas experienced positive employment growth rates from May 2008 to May 2009. Seventeen metros had net job losses.
Despite job losses in the oil and gas extraction industry, petroplexes Odessa and Midland ranked first and second in job creation, followed by Killeen–Temple–Fort Hood, Tyler and Austin–Round Rock.
The state’s actual unemployment rate in May 2009 was 6.9 percent. Lubbock had the lowest unemployment rate followed by Amarillo, College Station–Bryan, Abilene and Midland.
Sunday, June 14 2009
The Center's chief economist recently spoke at the 2009 Houston Real Estate Roundtable, where he had much to say about the future of commercial real estate in Texas and the United States.
Check out Dr. Mark Dotzour's speech in the Center's new 46-minute video, "It's Showtime!," now available online.
Saturday, June 13 2009
Here's our list of the 10 best places to live based on US News:
Along the banks of the
For Southern charm with collegiate vigor, consider
With mild winters and hot summers, the city offers no shortage of outdoor recreation opportunities. Find a nice hiking trail in the 696-acre
Golfers can head to nearby Grand National golf course and wend their way through the state along the beautiful Robert Trent Jones Golf Trail. "Once you have been there, you just want to come back," says John Cannon, president of SunBelt Golf Corp., which manages the trail.
If you're a free spirit, music junkie, or barbecue lover--or if you simply have what it takes to "keep
The city's warm climate offers plenty of sunshine, while the open green spaces don't provide any excuse for staying indoors. Head over to Lions Municipal Golf Course for an inexpensive round. Wander through the 351-acre Zilker Metropolitan Park until you find Barton Springs Pool, a 3-acre water source fed by underground springs that keep its temperature around 68 degrees all year long. To escape the city, head for the nearby Hill Country. "It's rolling hills cut with lots of little creeks and streams," says Tom Beach, a sales clerk at Austin Canoe & Kayak. "It makes for a nice road trip."
Although often overlooked,
High-tech companies Micron Technology and Hewlett-Packard are among the area's leading private employers. To hit the thriving local arts scene, cruise downtown.
Once a tobacco town,
With a population of about 50,000,
[Learn more about our methodology in choosing the best places to live.]
Located just outside the breathtaking
Although area home prices have fallen by as much as 35 percent over the past two years, the national housing bust may have also created another reason to make San Luis Obispo your home, says John Day, a local real estate broker. "There are just plain good deals" in the current market, he says.
As the nation's longest continually inhabited European-founded city,
For a quiet residential option, consider
After the spring thaw, residents head outside to enjoy the region's abundant greenery. "
Monday, June 08 2009
Susie Kang was in Leadeship Program in Austin Board of Realtors (AboR) this year and she has graduated out of 19 people in 8 June 09. She is currently invovled with AboR as Education Committee and Government Affairs and will actively be involved in AboR in the near future. She is also actively involved in CCIM (Certified Commercial Investment Member) Institute as a Designation Committee and a Country Liaison for South Korea that has 1,200 CCIM members.
Sunday, June 07 2009
Susie Kang stays connected to the Energy Session with Dr. Morguelan on 7 June in Austin. Dr. Morguelan guided us how to get more of Energy in our life through 5,000 years Chinese technique. For more information, go to Energy for Success.
Friday, June 05 2009
Friday, June 05 2009
Among the 38 metro areas with a work force of at least 750,000, only
It was the third month in a row
In April, the
Some smaller cities also racked up gains, including
Friday, June 05 2009
The population of the Austin metro area will grow to more than 2.7 million by the year 2025, according to an analysis of government data by bizjournals.
The projected growth rate of Austin and its suburbs ranks 5th among 250 U.S. metropolitan areas studied in the report.
Bizjournals forecasts that the Austin-Round Rock area will grow nearly 87 percent from its 2005 estimated population of nearly 1.5 million to a 2025 projected population of 2.7 million, an increase of nearly 1.3 million residents.
Austin will see the most growth of any Texas city, according to the bizjournals analysis. The McAllen-Edinburg area will be the second-fastest growing metro in Texas, ranking 22nd on the list with an estimated 56 percent growth in population.
Among the major Texas cities:
§ Dallas/Fort Worth ranks 26th with a projected 50 percent population increase to 8.8 million people;
§ Houston ranks 27th with a projected 48 percent population increase to 7.9 million people;
§ San Antonio ranks 40th with a projected 41 percent population increase to 2.7 million people.