2006

Austin Real Estate Market – Another Favorable News Article

December 29, 2006

Here is another favorable news article regarding the Austin real estate market and expected homes sales activity in 2007. AMERICAN-STATESMAN STAFF Thursday, December 28, 2006 Austin home market expected to remain strong next year Home prices up significantly in 2006 and expected to be higher in 2007. Central Texas home builders have been offering plenty [...]

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Austin Real estate to remain strong in ‘07

December 29, 2006

This article is about commercial real estate, but good news for commercial real estate is good news for residential real estate as well. From the Austin Business Journal Friday Dec 29, 2006 A new report from a national real estate services firm is telling investors what many of them already know–Austin’s a good bet in [...]

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Austin Real Estate Market – November 2006 Sales Stats Update

December 23, 2006

Austin Average Sales Prices for Nov 2006 are up 5.7% from Nov 2005, and up 9.7% year to date. The Austin market sold 10% more single-family homes so far this year than last, and the Day on Market are about the same as Nov last year but down 11% Year to date. The Austin real [...]

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Austin Job Market Looks Good – hiring managers optimistic

December 13, 2006

This article is from the Austin Business Journal. Job growth drives the real estate market more than anything else. Austin’s job growth continues to look better than the nation as a whole. Austin Business Journal (12/13/2006) More than a third of Austin employers will look to hire in the first quarter of 2007, according a [...]

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Austin Rental Market – Nov 2006 Update

December 13, 2006

The Austin Rental Market for single family homes continues to show modest gains over a year ago. As you can see on the graph below, 2006 looks like it will be the year when rent values in Austin finally took a turn upward after falling for 4 years in a row. See below for more [...]

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Foreclosures: Blame It on Second Mortgages

December 12, 2006

I thought this was interesting. Again, people are over-borrowing against real estate and getting into trouble. At our sales meeting this morning a Mortgage person updated us on a few things and then wanted to make sure we knew that they can do so-called 80/20 loans (80% first mortgage, 20% second mortgage = 100% loan) [...]

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Zillow.com Now Posting Homes For Sale in Austin

December 8, 2006

Zillow.com, the website that provides “Zestimates” of home values for properties in the U.S. has now enabled new features that allow homes to be listed for sale. This is the next logical step for Zillow as they try to gain a foothold as the place to go for home information. More on that later. For [...]

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East Austin Real Estate Appreciation

December 6, 2006

I decided to see what the actual appreciation has been in East Austin over the past 7 years, as reflected in average sales prices for some of the areas we call East Austin. The blue line at the top of the graph below represents the entire Austin housing market for houses only, and the other [...]

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Californians Can Learn From Texas About Falling Home Values

December 3, 2006

This article posted below is in today’s Austin Statesman. It makes reference to the late 1980′s and early 1990′s when Austin’s real estate market was in the tank, and compares what happened in Austin back then to what some are now experiencing in California. Namely, owning real estate that is worth less that the amount [...]

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Austin Realtors Advised to Protect Ourselves From Lawsuits

November 29, 2006

Sylvia returned from a Realtor Risk Management Course yesterday with all sorts of frightening and scary news. This was an MCE course (Mandatory Continuing Education) required to maintain her Broker’s License and the instructor was an attorney. After Sylvia rattled off the list of things we do that the attorney says we shouldn’t be doing, [...]

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