If you own a condo in the Austin metro, you had better listen up. The guildelines are changing wildly when it comes to whether your condo will be eligible for an FHA loan in the coming years. Since FHA loans are by and large supporting the housing recovery around Austin and the rest of the nation, whether or not your buyers are able to obtain an FHA loan for your property is huge.
See this article from bankrate.com that outlines the new FHA spot approval rules.
http://www.bankrate.com/finance/mortgages/new-fha-condo-rules-may-hinder-mortgages.aspx