Comments on: A Quick Glance at Real Estate Sales in Texas Cities July 2009 http://crosslandteam.com/blog/2009/08/29/a-quick-glance-at-real-estate-sales-in-texas-cities-july-2009/ Austin Real Estate Blog Sat, 11 Feb 2012 14:52:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Steve Crossland http://crosslandteam.com/blog/2009/08/29/a-quick-glance-at-real-estate-sales-in-texas-cities-july-2009/#comment-94851 Steve Crossland Tue, 01 Sep 2009 22:23:27 +0000 http://crosslandteam.com/?p=1273#comment-94851 Hi Aaron, I think the decreases are just a return to normal, so it looks like a bigger drop than it really is. Steve Hi Aaron, I think the decreases are just a return to normal, so it looks like a bigger drop than it really is.

Steve

]]> By: Aaron http://crosslandteam.com/blog/2009/08/29/a-quick-glance-at-real-estate-sales-in-texas-cities-july-2009/#comment-94841 Aaron Tue, 01 Sep 2009 18:42:42 +0000 http://crosslandteam.com/?p=1273#comment-94841 Steve, Glancing around the TAMU data, I was struck by how much the number of "homes for sale" had plummeted in the big cities. Dallas and Houston both have about 20% fewer homes for sale. Austin and San Antonio have 10% fewer. Are people giving up on selling their house? Have the foreclosures been cleared out, or perhaps the banks are holding off? Are people just happy where they are at? These data also seem to be affecting the months of inventory data. Is there a hidden inventory out there, or are there just fewer people trying to sell their home? Steve,

Glancing around the TAMU data, I was struck by how much the number of “homes for sale” had plummeted in the big cities.

Dallas and Houston both have about 20% fewer homes for sale. Austin and San Antonio have 10% fewer.

Are people giving up on selling their house? Have the foreclosures been cleared out, or perhaps the banks are holding off? Are people just happy where they are at?

These data also seem to be affecting the months of inventory data. Is there a hidden inventory out there, or are there just fewer people trying to sell their home?

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