September 2007

Austin Rental Market Update – August 2007

September 30, 2007

The Austin rental market saw rising rental rates again for August 2007, up 2.4% over last year to $1384 per month. Not a rise worth celebrating, but a gain nonetheless. The number of homes rented fell 5% though, from 806 last August to 765 this August. This may be due to fewer renters moving to [...]

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Living in an immaculate Austin home for sale

September 29, 2007

After many weeks of preparation, Sylvia and I finally have our own home officially on the market and entered into MLS. Our new home will be ready for move in by December. Summer rain delays put us three months behind in construction, so now we’re stuck trying to sell our current home during the slower [...]

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Why Every Realtor Should Consider Blogging

September 28, 2007

A couple of weeks ago, I was a guest panelist on a webinar/conference call for about 50 real estate agents from across the country. I was invited by the course instructor, along with two other real estate bloggers, as part of an online marketing course he was teaching for Keller Williams University (KWU). The three [...]

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Report: Austin Home sales dip 10 percent

September 24, 2007

Today’s Austin Business Journal reports more of what’s been happening this year – the number of sales are falling COMPARED TO LAST YEAR, but the prices keep rising and days on market look good. In other words, the Austin real estate market is sending conflicting signals. What gives? Let’s take a look at the article. [...]

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Austin Buyers – Top 10 Causes of Closing Delays

September 20, 2007

This is a handy list of things for all borrows to observe during your loan process, after you have your offer accepted on a home. This list is courtesy of Tommy Nelms and the Nelms Team at Land Mortgage here in Austin. Top Ten Causes of Closing Delays 1) Not providing information requested in a [...]

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Would a one dollar price drop motivate you to buy a home?

September 18, 2007

There is an active listing that pops up almost every day as a “Price Change” update in one of the neighborhoods I like to keep an eye on. At first I thought maybe this was a glitch, as the price seemed to be the same each time (or so I thought). This morning it was [...]

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Conversation with a telemarketer

September 17, 2007

I received a call from a dishonest telemarketer this afternoon. It went something like this: Phone rings … Me: Hello, this is Steve. TM: Hi Steve, this is Matt from United Providers {or something like that}. I had a note here to call you. How are you doing today? Me: A note from whom, and [...]

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Austin Real Estate Sales Market Update – August 2007

September 13, 2007

The number of single family residential homes sales in Austin took a 16% dip for August. While number of sales alone does not tell the entire story of a real estate market, a 16% dip is an eyebrow raising number, as is the 28% increase in homes for sale compared to the same time last [...]

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Austin Sales Market Update – July 2007 Stats

September 12, 2007

For July 2007, the number of real estate sales of single family homes in Austin decreased 5.3% compared to July 2006. Most of 2007 has lagged behind 2006 in number of sales due to the very high volume of sales we experienced in 2006. YTD for 2007, number of sales are down 1.4% from 2006. [...]

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What to do when your home floods

September 7, 2007

This is a picture I took on Alcott street on South Austin November 2001. The day before, 16 inches of rain had dumped on South Austin. The tenant in the duplex I managed on this street called and told me his car had floated down the street and that there was 4 feet of water [...]

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