Index jumps by 3.2% in July, beating estimates and marking its longest streak on monthly increases on record. We’re hearing more and more good news lately, and it’s backed up by hard numbers. When our real estate market has recovered before, particularly in Austin, it recovers quickly and suddenly. Will we see this recovery soon? [...]
From the Austin Business Journal’s article “Austin ‘low risk’ for home price correction” The Austin metropolitan area is not likely to see a major correction in home prices, according to PMI Mortgage Insurance Co.’s First Quarter 2009 Economic and Real Estate Trends Report. When it comes to risk of a home price correction, Austin is [...]
The Austin Business Journal published a piece on Austin’s value in the international real estate market. Austin IS holding strong, and international investors are capitalizing on what local investors are shying away from: opportunity. With steady growth and real estate appreciation rates, Austin is stable. With the real estate world crashing in on itself all [...]
Online searching is the way more than 80% of buyers begin their searches, but photos and virtual tours are still no replacement for seeing the properties in person. It’s amazing how different a property can be in person than in photos. And in a buyer’s market where discounts can be found for shortcomings, it is [...]
The local media is (at last) reporting what Realtors® have been telling you for a year… there IS light at the end of the tunnel and Austin will not ever see the huge decline in prices that markets that boomed to the tune of 25%+ appreciation a year are now facing. Home ARE selling, both [...]
It’s no secret that Presidential Election years are hard on the real estate market, even here in Austin. We continue to see this trend this year. It is as if we are all holding our breath, waiting for the final electoral tally on CNN, KXAN, and the other top news sites as if it has [...]
Yesterday I explained how Months of Inventory helps us follow the health of Austin’s real estate market. Pricing is another factor that gives experts insight into the health of our housing economy. Generally, a buyer’s market has two major simptoms: 1) High Months of Inventory Figure; 2) Falling Average Home Sales Price. We are currently [...]
Many of us are expecting residential sales to normalize sometime next year, but today the Statesman has a gloomy outlook. They usually do, as any strong opinion will sell more news than a weak one, however this outlook has some similarities with what local Austin real estate experts expect. Mark Dotzour of the Texas A&M [...]
In the hectic buzz of daily business, it’s easy to sometimes get caught up in the fuss and to forget why my job is great. Let me take this moment to tell you why I love what I do for a living, and why I am greatful for the amazing relationships that have grown from [...]
(I am in no way associated with this contest, the homeowners, or this house) Creativity is key when selling your home in anything but a seller’s market. Although still new, this “Win This House” concept is picking up speed throughout the country. Although our local market is holding, we are faced with steadily climbing prices [...]
