September sales numbers & statistics are in for Austin housing and it’s official, our back-log of inventory is shaking out. We now have fewer months of inventory (calculated based on how long it is predicted to take to sell all of the homes currently for sale in Austin) than we had in 2003 after the [...]
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? [...]
It’s in Aspen, not Austin, and recently sold for $43,000,000. Colorado’s real estate market is weathering the financial storm much like Texas’s is, and this could help boost confidence for the luxury home market. ASPEN — Aspen’s anemic real estate industry got a boost Friday from the $43 million sale of a Red Mountain mansion. [...]
What is a ‘normal’ market? Where are the screaming deals? The number 1 road block to home sales that we are seeing right now is fear that leads to the conviction that you can only buy something half price. Here’s the trouble with this mind-set: If you are buying in Austin, there are no half [...]
A positive article in the Statesman this week… After years of double-digit increases, though, some school disticts see valuations drop. By Tim Eaton , Shonda Novak AMERICAN-STATESMAN STAFF Residential property appraisals rose by an average 3.8 percent in Travis County this year, less than a third of last year’s increase and the smallest jump in [...]
Austin is bucking the national trends again as March 2009 official numbers come in. Nationally, 4,570,000 homes were sold in March, down from 4,940,000 home sold in March of 2008 and down from February 2009′s 4,720,000 homes sold in the US. Austin saw 1,511 homes sold in March of this year, down from last March’s [...]
