Brownwood Texas Real Estate
He died Tuesday, October 12, 2017, at age 92, at his home in Brownwood, Texas, surrounded by his family. His death was preceded by his parents, brother Bill and sister Nancy. Bill was born on September 2, 1942 in Brownwood, the son of Lyman "Bill" and Mary Ann "Molly" Smith, the first wife of William L. Smith Jr.
He graduated from Brownwood High School in 1960 and attended Texas A & M, where he earned his bachelor's degree in business administration in 1964. He was part of the class that graduated and went on to graduate with a law degree from Texas Tech University. Bill was a highly respected lawyer who began his practice in El Paso and moved to Brownwoods to become part of the Brown County Abstract Company. There he helped many people buy and sell property and helped families with property planning.
He was very proud of his work and would do anything to ensure that everything was done correctly. He loved being with family and friends and went out with his family to the farm, which he did most days until he retired.
You could ask Bill about the real estate in Brown County and he would know the history of the country, but you could also ask him about Brownwood, Texas, or any other part of Texas. Compared to Texas, the data show that our recent annual rate of appreciation is 4.99%, which is above the national average of 3.9%. If you look only at the last 12 months, Brownley's appreciation rates remain among the highest in America, with our most recent 2.5% annual growth rate in the past 12 months being 4%. In Brownwoods, the rate of appreciation is so high that our properties continue to appreciate faster than most of our communities, despite the nationwide downturn in our housing market.
Our cumulative ten-year revaluation rate is 43.04%, which is in the top 30% nationally. Most importantly, the average rate of revaluation in our city is well above the national average of 3.9%. In the last quarter, Brownwood's revaluation rate was 0.49%, which equates to an annual revaluation rate of 4.99% over the past 12 months.
Other homes in Brownwood are homes built between 1970 and 1999, as well as pre-1939 homes, such as apartments, condominiums and townhouses.
Other types of apartments that predominate in Brownwood are houses that have been converted into apartments or other small apartment buildings. The vacancy rate of apartments is a useful measure to take into account, among other things, whether you are a home buyer or a property investor. On the basis of the last twelve months, short-term property investors have found their fortune in brownfield land. This is a three or four bedroom apartment, mainly in single family houses.
Single-family homes are the most common form of housing in Brownwood, accounting for more than a third of all single-family home sales in the city. These houses were built primarily to accommodate the growing middle class as the 20th century became the American century. The rate of house appreciation in Brownwood has been tracked and house prices in Brownwood are solidly above the national average.
American soldiers returned home triumphant at the end of World War II, building homes for millions and building them in Brownwood as part of their homecoming.