Comments on: Austin Real Estate Market Update – Jan 2008 http://crosslandteam.com/blog/2008/02/22/austin-real-estate-market-update-jan-2008/ Austin Real Estate Blog Fri, 11 May 2012 17:13:15 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Steve Crossland http://crosslandteam.com/blog/2008/02/22/austin-real-estate-market-update-jan-2008/#comment-1266 Steve Crossland Tue, 26 Feb 2008 17:55:49 +0000 http://ben.crosslandteam.com/blog/2008/02/22/austin-real-estate-market-update-jan-2008/#comment-1266 Thanks Dee. Those are some good charts. Thanks Dee. Those are some good charts.

]]> By: Dee Copeland http://crosslandteam.com/blog/2008/02/22/austin-real-estate-market-update-jan-2008/#comment-1268 Dee Copeland Mon, 25 Feb 2008 14:42:52 +0000 http://ben.crosslandteam.com/blog/2008/02/22/austin-real-estate-market-update-jan-2008/#comment-1268 Hey Steve! I created some charts you may be interested in as well. The problem for some buyers is that they waited to buy in some of the better areas of South and North Austin, so may now compete. Oppositely, the folks who listened to non-investor agents went and grabbed up too much real estate in East Central (78723 and 78702) and Soco (78704). http://tinyurl.com/2owgl8 According to my charts, pices should stay under $300-350k for the fastest sales in Austin. Hey Steve! I created some charts you may be interested in as well. The problem for some buyers is that they waited to buy in some of the better areas of South and North Austin, so may now compete. Oppositely, the folks who listened to non-investor agents went and grabbed up too much real estate in East Central (78723 and 78702) and Soco (78704). http://tinyurl.com/2owgl8

According to my charts, pices should stay under $300-350k for the fastest sales in Austin.

]]> By: Sam Chapman http://crosslandteam.com/blog/2008/02/22/austin-real-estate-market-update-jan-2008/#comment-1269 Sam Chapman Sun, 24 Feb 2008 15:36:24 +0000 http://ben.crosslandteam.com/blog/2008/02/22/austin-real-estate-market-update-jan-2008/#comment-1269 All good points, Steve. It should be noted also that several large development projects pulled out late last year, causing the number of new home starts to drop by quite a bit. All good points, Steve. It should be noted also that several large development projects pulled out late last year, causing the number of new home starts to drop by quite a bit.

]]> By: David http://crosslandteam.com/blog/2008/02/22/austin-real-estate-market-update-jan-2008/#comment-1270 David Sun, 24 Feb 2008 05:33:54 +0000 http://ben.crosslandteam.com/blog/2008/02/22/austin-real-estate-market-update-jan-2008/#comment-1270 Arz, future Fed cuts are more likely to further weaken the dollar and help drive inflation -- inflation fears are pushing the 10 yr bond rate up, which is the best indicator for where mortgae rates are moving. Nostalgia note: As a very young man, my first home in Austin in 1981 had a 30 yr fixed at 13.75% -- "stagflation" was the culprit. It could be making a comeback...now THAT would be ugly! Arz, future Fed cuts are more likely to further weaken the dollar and help drive inflation — inflation fears are pushing the 10 yr bond rate up, which is the best indicator for where mortgae rates are moving. Nostalgia note: As a very young man, my first home in Austin in 1981 had a 30 yr fixed at 13.75% — “stagflation” was the culprit. It could be making a comeback…now THAT would be ugly!

]]> By: arz http://crosslandteam.com/blog/2008/02/22/austin-real-estate-market-update-jan-2008/#comment-1267 arz Sat, 23 Feb 2008 17:19:47 +0000 http://ben.crosslandteam.com/blog/2008/02/22/austin-real-estate-market-update-jan-2008/#comment-1267 we were looking into refinancing last month, and when it hit 5.60% on 30 year fixed we almost pushed the button. But we wanted to see it hit closer to 5%. And yet, now the rate climbed to about 6.30% now. Strange trend since the Fed is almost but certain to cut rate again. This shows how bad this overall landing business and banking business in general is. Human greed is good when business is doing well, and so bad when things sour. we were looking into refinancing last month, and when it hit 5.60% on 30 year fixed we almost pushed the button. But we wanted to see it hit closer to 5%. And yet, now the rate climbed to about 6.30% now. Strange trend since the Fed is almost but certain to cut rate again. This shows how bad this overall landing business and banking business in general is. Human greed is good when business is doing well, and so bad when things sour.

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