The Fredericksburg Art Guild provides a way to connect to the community and local artists

By Sheila Bingham
For people who are artistic there are many opportunities to get involved in Fredericksburg. One of those opportunities is the Fredericksburg Art Guild at 308 East Austin Street. There are from 25 to 30 members ranging in age from early thirties to early eighties. Members produce a variety of work […]

Reasons to choose GMAC Real Estate Fredericksburg

By Greg Oehler
I like Fredericksburg! I like the people, the visitors, the quality of life, the sense of pride in the community, and our historical legacy. I was born and raised here and have lived here most of my life.
I feel like my office is an integral part of the community. All […]

The number of homes for sale in Fredericksburg is on the rise, making it a great time for buyers!

By Greg Oehler
As I mentioned previously, I like shiny pennies! There are shiny pennies in Fredericksburg residential properties, too. I think it is a good time to buy, and some of these homes are very reasonably priced. I spent more time gleaning the market for those shiny pennies again and I want […]

Is your Fredericksburg vacation home eligible for a 1031 Exchange?

By George Barlow
It’s always been clear that you could convert personal use property to investment use. Now the IRS has spoken on how much personal use will disqualify your vacation home investment from being a 1031 eligible investment property.
Rev. Proc. 2008-16, published on Feb 15, 2008 states that a vacation home will qualify for […]

Happy Easter from Fredericksburg

By Don Brookshire
Happy Easter everyone. As I write this post I am thinking about how lucky I am to live in a country where we can worship in a free society. Many countries control this freedom and I am thankful to all the men and women in our armed services that continue to fight to […]

Chase Mortgage Market Pulse: Despite market volatility, Chase’s mortgage applications up 11%

Contributed by Tony Stevenson
During the last few weeks, the Market Pulse has provided you with insight into what moves mortgage markets, and more specifically, how investor demand influences the market place. This week the market has continued to be volatile.
Mortgage originators sold parts of their ARM portfolios and were met with investors demanding higher rates […]

Chase Mortgage Market Pulse: The Fed unveils program aimed to alleviate strains on credit markets

By Tony Stevenson
During the last two weeks, lenders have been selling parts of their ARM portfolios and have been challenged by investors who are demanding much higher rates of return for these assets than was anticipated previously.
This is causing spreads on ARM mortgage-backed securities to widen in order to meet investor demands. The overall response […]

A look at 3 to 5 acre properties in Gillespie County

By Sheila Bingham

From March 1, 2007 to March 12, 2008, there have been 14 sales of acreage ranging from three to five acres in Gillespie County. The average price per acre was approximately $25,000. The prices have ranged from $8,250 per acre to $37,900.
The higher prices occurred in restricted subdivisions as expected. […]

The City’s proposed Formula Business Ordinance would greatly affect property owners. Are you for it?

By Greg Oehler
I like our free enterprise system and I hope you do, too! However, there is a proposed ordinance lurking out there and if adopted, it would handcuff business and property owners in a new proposed DOWNTOWN SHOPPING DISTRICT.

This district would run along Main Street from approximately Elk to Acorn and San Antonio […]

Is it the best or worst of times for Fredericksburg real estate?

By Willie Gold
When I look at the real estate market today, I am somewhat reminded of Charles Dickens’ opening line in his book, A Tale of Two Cities, “It was the best of times, it was the worst of times.”
This, however, needs to be tempered somewhat, it isn’t the ‘best’ or ‘worst’ of times, […]

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