The single largest provision in the recently enacted “Housing Assistance Tax Act of 2008″ is a measure allowing First Time Homebuyers to take a tax credit of up to $7,500 of the purchase price.?? The tax credit allows qualified homebuyers to subtract the credit amount from their federal income tax when they buy a home. They are then required to pay the credit back over 15 years. The result is that the credit resembles an interest-free loan that must be repaid to the government.

If you are looking for austin real estate and you are a??first time homebuyer who would like to learn more about this program simply login to our website,??http://austinrealestate.homecity.com??and ask to have a loan officer from our preferred lender,??Crosstown Mortgage, contact you.

As Austin real estate development encroached and urban sprawl began to take over, the Backyard???s owner began to feel that the beloved theater was losing its atmosphere. The decision was made to close the doors, but in true Austin fashion, of course they went out with a bang. A weekend long celebration was planned which included free shows featuring local favorites, among the list of performers, and closing with the Red Headed Stranger himself, Willie Nelson. It is uncertain at this time whether the owners will attempt to relocate the venue. An announcement is expected early next week.

The Red Line will run a distance of 32-miles from Leander to Downtown Austin, provide convenient service for suburban and central Austin residents. Future connections are being studied along existing Capital Metro freight tracks from Downtown to Manor and outlying areas. The sleek, new trains are designed with comfort and style in mind, utilizing high-back seats, bicycle and overhead racks, and Wi-Fi connections. The initial service will run during morning and afternoon peak rush hours.

If you live in or are considering moving to Texas (Austin, Dallas, Ft. Worth) the news is very good. PMI???s Risk Index estimates there is less than a??1% chance that homes in these areas will decline in value over the next two years. In a number of other major cities, there is as high as a 99% probability of falling home values. To see the full report please click here.

What does that mean for you? That really depends on your individual situation. You may be waiting for home values to fall in Texas; however, there is little probability that will happen. If you live outside of Texas you may reside in an MSA that will see a continuing decline of home values. This may require you to wait out the economy or encourage you to move to a more stable area of the country sooner.

To see how the Austin Real Estate market is doing, visit?? http://austinrealestate.homecity.com/

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In an effort to accommodate the large numbers of voters, Travis County has set up new Mega-Polling sites on both the north and south side of Austin. Click here for a complete list of Travis County early voting sites and times. For early voting locations and times for Williamson County click here . Early voting runs through October 31^st; after that you will have to wait until November 4^th to cast your ballot.

In order to participate in what could be a very historic election, you must be a registered voter in the county in which you reside. If you haven???t already submitted your voter registration, it???s too late to take part. The deadline for registering for this election was October 6^th . If you are currently registered don???t forget to bring your voter registration card or drivers license to your polling site!

Whether you are in the mood for wine flights at Cru, Italian Chop House cuisine at Joe DiMaggio???s, or sushi at Kona Grill, you will find it all within walking distance of each other. No matter where you decide to satisfy your appetite you have the option of enjoying your meal inside or outside on the patio. On the weekends, in the evening, the Domain is the perfect spot to meet friends for a drink and enjoy live music in the beautiful and relaxing square which is conveniently surrounded by Cru, North, Joe DiMaggio???s and Jaspers.

Live, shop, eat, drink and play, what more do you need?

Texas leads the list with 4 cities in the top 10 list of places where your money goes furthest. Austin and San Antonio lead the list with Houston and Dallas close behind. The states success is sited as the result of the energy and technology sectors as well as affordable housing and promising prospects for job growth in the near future.

Some of the criteria used for the rankings included median home pricing and median household income, gas prices and year-over-year inflation growth.

Austin???s local NBC station, KXAN and Time Warner Cable Inc.?? have been in negotiations for weeks over a new retransmission contract. The cable giants current contract with KXAN expired Thursday. The issue at hand involves is LIN???s (KXAN???s parent company) demand to receive compensation for their signal. Time Warner feels it shouldn???t have to pay for something the stations receive for free. The negotiations is recent weeks have led to a public battle closely resembling a political campaign.?? Something else I never thought I would see in my lifetime.

A credit crisis, a sluggish economy and now no NBC…what???s next?

The Bob Bullock Museum welcomes all visitors and offers a variety of educational programs, tours and events to satisfy everyone. Membership packages are available for frequent visitors, but individual pricing is also available with a number of options to get the most out of every visit.