Hill Country Galleria has new owners

The Hill Country Galleria in Bee Cave has been purchased by You can watch up to ten companies at a time.

" height="13" width="13">REIT Management & Research. Chicago-based REIT purchased the mall at a bankruptcy auction in February.

They have chosen Weitzman's commercial retail division to handle leasing for them.

Hill Country Galleria is anchored by You can watch up to ten companies at a time.

" height="13" width="13">Dillard’s department store, You can watch up to ten companies at a time.

" height="13" width="13">Dick’s Sporting Goods, You can watch up to ten companies at a time.

" height="13" width="13">Cinemark and You can watch up to ten companies at a time.

" height="13" width="13">Barnes & Noble Booksellers. The center also houses national retailers, including You can watch up to ten companies at a time.

" height="13" width="13">Banana Republic, You can watch up to ten companies at a time.

" height="13" width="13">Chico’s, You can watch up to ten companies at a time.

" height="13" width="13">Jos. A. Bank, You can watch up to ten companies at a time.

" height="13" width="13">Victoria’s Secret, You can watch up to ten companies at a time.

" height="13" width="13">Ann Taylor, You can watch up to ten companies at a time.

" height="13" width="13">American Eagle, You can watch up to ten companies at a time.

" height="13" width="13">Bath & Body Works, You can watch up to ten companies at a time.

" height="13" width="13">Iron Cactus, You can watch up to ten companies at a time.

" height="13" width="13">Mimi’s Café, You can watch up to ten companies at a time.

" height="13" width="13">Panera Bread, You can watch up to ten companies at a time.

" height="13" width="13">Which Wich and You can watch up to ten companies at a time.

" height="13" width="13">Pei Wei.

The Galleria's trade area contains more than 199,000 people within a 10-mile radius. The area’s average household income is approximately $120,000.

The Hill Country Galleria totals 632,438 square feet of retail space and is located at the intersection of Bee Cave Parkway, F.M. 620 and State Highway 71.

For more information about our area or if looking to buy or sale a home in this West Austin area, visit our website at www.ParagonPropertyGroup.com

or, call us at 866-693-7741

Lake LBJ Home on Quiet Cove - Freshly Painted - Great Short-Term Rental Property Too!

Ready to buy a lake home? Summer will be here before you know it..... This great Lake LBJ home is situated on a quiet cove in a cul-de-sac location and is freshly painted inside and out. This home would be a wonderful short-term rental too if you are thinking of offsetting your costs that way, too.

Move-in Ready with a Boat Slip and Jet Ski Ramps and a huge outdoor deck for enjoying life outdoors in this wonderful location on the controlled level lake in the Central Texas Hill Country

What are you waiting for???

Visit our website at www.ParagonPropertyGroup.com for more area information and this property.

Buying or Selling a Lake Home in the Highland Lakes area? Contact Paragon Property Group at 866-693-7741 for more information on how we can help you find your dream home or sell your current home

Lake LBJ Home on Double Lot - Views to Open Water - This one is a great deal!

Contact Paragon Property Group at 866-693-7741 for more information about this great Lake LBJ home for sale or any other homes or lots for sale in the Sunrise Beach, Highland Lakes and Lake LBJ areas. Call us to sell your Lake LBJ home. Moving to another area? We can refer you to a professional in that area and be sure that you receive a relocation package .... give us a call!

Visit our website at www.ParagonPropertyGroup.com for more area and property information.

New Listing - 703 Eaglecreek - under $140,000

This is a great home - first time buyer - downsizing? - this one is pristine. Close to Leander Metro Station and Park & Ride, too! Acclaimed Liberty Hill Schools.

Contact Paragon Property Group at 866-693-7741 for more information about this great home or any other in the greater Austin and Highland Lakes areas.

Great News! Second Home Financing with 10% Down Available

Great News for Second Home/Vacation Home Buyers in our Area:

Coldwell Banker Mortgage has announced that they have 10% down financing now.

Contact Adrienne Austin at CB Mortgage for more information at 512-539-7721 or email her at Adrienne.Austin@mortgagefamily.com.

Be sure to let her know that Paragon Property Group, Sue Ellett, sent you, and that we will be happy to help you in your home search. It's a great time to buy in the Central Texas Hill Country. The lakes, including Lake Travis are getting back to normal levels and Spring/Summer is heading our way.

Give us a call at 866-693-7741 to receive more information about area homes/listings that meet your budget and needs.

Austin home listings fall 14.6% - Austin Business Journal:

Austin home listings fall 14.6% - Austin Business Journal:

Thinking of buying or selling? When the number of listings fall, it can signal a "tighter" market. If you are thinking of buying - don't wait - interest rates are low and fewer homes on market means that they may stay on longer and prices may start trending up.

Call us for more information about buying or selling a home in the greater Austin and the Highland Lakes area.

866-693-7741

Schlitterbahn's Cedar Park resort will add 'thousands of jobs' - Austin Business Journal:

Schlitterbahn's Cedar Park resort will add 'thousands of jobs' - Austin Business Journal:

Thinking of moving to Austin? Already Live here? Wow! This is great!

New Waterpark coming to Cedar Park in the near future.....

City approves new solar rebate program - Austin Business Journal:

City approves new solar rebate program - Austin Business Journal:

Thinking of putting solar in your home? Check this out in the Austin area.

Thinking of selling your Solar Home or buying a home with Solar or other "green" elements in the greater Austin and Highland Lakes areas?? Give us a call.
Paragon Property Group - Coldwell Banker United Realtors 866-693-7741

Short Sale Versus Foreclosure - How Does it Affect Your Credit?

A short sale or pre-foreclosure sale involves the sale of a property by the borrower to a third party for less than the total amount necessary to satisfy the delinquent mortgage obligation, as agreed to by the lender, investor and mortgage insurer.

This will show on the credit report as a comment to the reporting of delinquency and will typically be reflected as "Paid in Full Less Than Full Balance" or as a "Deficient Payoff/Settlement."


When no Mortgage Insurance is required (typically when 20% is being put down): A 2-year elapsed time period is required for re-establishing credit following completion of the short sale or pre-foreclosure action.


When Mortgage Insurance is required (typicall when less than 20% is being put down): A 4-year elapsed time period is required for re-establishing credit following completion of the short sale or pre-foreclosure action. FHA will allow three years from release for short sales and foreclosures.


So now you may be wondering—What About a Foreclosure?


5 years from the completion date


Additional requirements that apply after 5 years up to 7 years following the completion date:

· Purchases must be a primary residence with a minimum 10% down payment and a minimum 680 representative credit score. Purchase of a second home or investment property is not permitted

· Limited cash-out refinances are permitted for all occupancy types

· Cash-out refinances are not permitted for any occupancy type


Extenuating circumstances: 3 years from completion date


Additional requirements that apply after 3 years up to 7 years following the completion date:

· The purchase of a primary residence is permitted with a minimum 10% down payment

· Purchase of a second home or investment property is not permitted

· Limited cash-out refinances are permitted for all occupancy types .

· Cash-out refinances are not permitted for any occupancy type



courtesy of Adrienne Austin, Coldwell Banker Mortgage

Austin is poised for growth - 32% from 2007-2012

Gracy Title provided us with this valuable information about the Austin Economy:

If you are thinking of moving to Austin, this may help with your decision process. Plus, we still have affordable housing and a great way of life......

In the late 80’s and early 90’s in Austin, job growth stopped, real estate values dropped and people left town. Probably because of the severity of that recession, Austin has faired much better this time. Home prices did not increase more than could be supported by median family incomes. Thanks to Texas’s home equity laws, consumers could not borrow against their home appreciation nearly as easily as homeowners in other states – which helped keep home prices stable and consumer debt manageable. If you don’t have a bubble then you don’t have a bust. While most other major real estate markets have seen home prices drop by as much as 50% and experienced high unemployment, Austin’s median home price has been stable or seen only a small drop. Job losses have been slight.

Now, Forbes and Moody’s Economy.com projects Austin's economy will grow by 32% over the five year period from 2007 to 2012. Not only is Austin’s economy growing, but it's growth rate is nearly 50% higher than #2 ranked Fort Myers, Florida. Equally important to Austin’s economic growth is Austin's population growth which is expected to grow by an amazing 15%.
“To compile our list, we looked at all of the country's 363 metropolitan areas, defined by the U.S. Census Bureau as a geographic region with a "core urban area" of at least 50,000 people. Because many small metro areas are high growth--and because we wanted to show growth in large cities as well--we split the group into two classes: the largest 100 metro areas (with at least 528,000 people) and everyone else. We use projections run for us by Moody's Economy.com to show growth in GMP between 2007-2012.

Of course, if one looks at economic growth in the country's largest 100 metros, the usual suspects jump to the top of the list. With an estimated 32% GMP growth from 2007-2012, Austin, Texas, is the winner for big metros. Atlanta, Seattle, Orlando, Houston and San Jose, Calif., also appear high on the list. What do they all have in common? They're tech hubs with proximity to universities and a healthy increase in population. Austin's population, for example, is expected to increase by nearly 15% by 2012, according to Moody's Economy.com forecasts.”
Full Article: http://www.forbes.com/2008/01/30/economy-cities-alabama-biz-cx_bw_0130econcities.html

Also in a recent USA Today is a list of the types of jobs that will experience the most growth. The Biomedical, Healthcare and Education fields will create the most job opportunities, a great fit for the Austin job market.

Full Article:

Where the Jobs Will Be

Forecast for the fastest-growing occupations by percentage, 2008-2018

Occupation, May 2008

New jobs % chg. Median wage

Biomedical engineer 11,600 72% $77,400

Network/data system analysts 155,800 53% $71,100

Home health aides 460,900 50% $20,460

Personal and home care aides 375,800 46% $19,180

Financial examiners 11,100 41% $70,930

Medical scientists1 44,200 40% $72,590

Physician assistants 29,200 39% $81,230

Skin-care specialists 14,700 38% $28,730

Biochemists/ biophysicist 8,700 37% $82,840

Athletic trainers 6,000 37% $39,640

Fastest-growing occupations for 2008-2010 period, by number of new jobs

Registered nurse 582,000 22% $62,450

Home health aides 460,900 50% $20,460

Customer service reps 400,000 18% $29,860

Food service and preparation2 394,000 15% $16,430

Personal and home care 375,800 46% $19,180

Retail sales 375,000 8% $20,510

Office clerks 359,000 12% $25,320

Accountants 279,000 22% $59,430

Nursing aides 276,000 19% $23,850

College teachers 257,000 15% $58,830

1 = excludes epidemiologists; 2 = including fast food. Source: Bureau of Labor Statistics

Provided by:
{Lisa Altamirano Sales Executive Cell: (512) 826.6666 | lisa.altamirano@gracytitle.com}

Thinking of moving to Austin? Contact Paragon Property Group for all your Real Estate Needs and a free Relocation Package. 866-693-7741