September 2005

Foreclosure postings down for Austin metro area

September 16, 2005

It looks like fewer people are losing their homes to foreclosures, but the drop is very small. See the article below. From Austin Business Journal: Foreclosure postings filed for the upcoming October auctions in the Austin metro area dropped about 2 percent, compared with the same month last year. According to Addison-based research firm Foreclosure [...]

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Real estate investors still busy in Austin

September 11, 2005

This article was in yesterday’s Austin Statesman. More of what we already know, but a good read nonetheless. In summary, new home builders have sharply curtailed sales to investors. Some no longer sell to investors at all, others limit sales to 10% of the neighborhood. But there are still plenty of investors buying new homes [...]

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Austin Rental Market Update – September 2005

September 3, 2005

Average rents for houses in Austin turned downward again in July according to MLS data. The 2005 YTD rents are again below the 2004 levels. Investors continue to supply Austin with excess rental inventory, keeping the rental supply at just below 3 months inventory as we head into the slower Fall season.

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