Austin's Best Luxury Residential Lender

BUSINESS TIP OF THE WEEK...

Passion counts for a lot. The relentless intensity and commitment you need to succeed come from enjoying what you do and believing it's worthwhile.

INFO THAT HITS US WHERE WE LIVE...

What didn't make sense last week was the way the media reported the latest housing data. Housing Starts were UP a strong 15% in September, hitting a 658,000 annual rate. But the media chose to emphasize that the gain was mostly from multi-family starts which shows a big trend toward renting. Actually, multi-family units also include condominiums, which do make sense for first time buyers who don't have to deal with selling. The media also skimmed over the data that single-family starts were UP almost 2% for the month and starts overall are UP over 10% versus a year ago.  

Then, Existing Home Sales came in 3% lower for September. The media reports by and large neglected to mention that this slight monthly drop followed a big increase achieved in August. In addition, Existing Home Sales are UP 11.3% year-over-year in September, the third straight month this figure has risen by double digits! Inventory is also down 13% in the last year and sales seem to be stabilizing around a 4.6 to 5.0 million annual rate. Not bad at all.

When it comes to Luxury Home Financing, PrimeLending, a PlainsCapital Company, is the lender of choice by the very best in Central Texas Real Estate. In fact, when The Austonian, W Residences and Austin’s Elite 25sm went looking for their perfect matches, they all selected PrimeLending, a PlainsCapital Company as their preferred lender. For more information about luxury home financing here in Austin, contact PrimeAustin, a branch of PrimeLending, a PlainsCapital Company at (512) 351-4686.

BUSINESS TIP OF THE WEEK...

Success takes commitment--and time. So it's super important to be both passionate and patient developing your business until you get it just right.

PrimeAustin | Still wondering if now is a good time to buy or refinance?

Yes it is! 

30 Year Average Interest Rate = 8.74

3rd Quarter for 2011 = 4.31

If You've Enjoyed Our Recent Blog Topics, Then You'll Love These Great Resources From Around The Web!

Whether you’re looking for more information about jumbo loans or what to do here in Austin, be sure to check out these helpful resources for more information:

• This news article from the Huffington Post will introduce you to the efforts being made by mortgage lenders around the country to increase the conforming loan limits.
• To learn more about the different types of mortgages available, check out this guide from About.com.
• Visit TheNest.com for some great tips on budgeting for a mortgage.
• Would you like to know more about the different classifications of tequila? If so, then check out this article from Tequila.net.
• Before you check out the outstanding raw bar at Parkside, be sure to read this article from eHow.com for tips on how to eat oysters on the half-shell.

For more information about luxury home financing here in Austin, contact PrimeAustin, a branch of PrimeLending, a PlainsCapital Company at (512) 351-4686.