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 [...]
I’m a numbers gal, in case you hadn’t noticed. Numbers help cut the emotion out of the market to help you make intelligent (not emotional) decisions. One of the biggest questions and points of conversation I’ve had lately is how does this market compare to the tech bust, etc?
My answers to these questions relate to [...]
From the 2007 National Association of REALTORS® Member Profile
60% of REALTORS® typically work at least 40 hours per week.
25% of a REALTOR®’s business is based on referrals from past customers.
Half of REALTORS® are affiliated with independent, non-franchised firms (local Brokerages).
The median income for a REALTOR® working 40-59 hours per week is $63,000.
Medial experience of [...]
There are rumors flying everywhere… “John’s friend’s neighbor’s house took over a year to sell and only sold for 2/3 of his asking price!” So where are the facts in this panic and uninformed talk?
As of today, 468 residential homes are currently pending in MLS.
The longest one of these sold homes was on the market [...]
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The 5 Biggest Real Estate Myths:
Sellers are desperate
Don’t buy before prices have bottomed
You [...]
Austin Real Estate Market Report for June 2008
May housing statistics are out for Austin and there are no huge surprises unless you’ve had your head too far into national news. Here in Austin, the housing market remains healthy and numbers are closely relating to those we saw in 2005 — a healthy year in Austin. [...]
If things are so rough right now, why is it that my investors are still having trouble finding reasonably priced real estate in Austin? 2008 is moving more slowly than 2007 and 2006. 2006 was our boom year which trickled into 2007. We’re still ahead of where we were 5 years ago. [...]
Renters have a different view of real estate economy than homeowners.
Source: PEW Research Center
It seems that renters are much more pessimistic about rising home prices. I’m not sure of the participants in this study were planning on buying a home in the near future, but this study does show something interesting about how you [...]
I’m at it with my numbers again! While I was logged into MLS to update my listings, I decided to do a quick search for the most expensive home sale for 2008 to date (as of 4/14/2008). With so much unfounded real estate panic floating around, wouldn’t the rich and famous be weary [...]
Austin has been making national headlines lately, and good ones at that. While we hear that the real estate market nation-wide is in a slump, we also keep hearing that Austin’s economy is still strong (even if it is no longer booming). It should be no surprise, then that Austin topped Forbe’s list [...]
