April 2010

Austin Real Estate Market Update – March 2010

April 28, 2010

The Austin real estate market for March 2010 saw a not surprising 22% increase in the number of sales compared to the same month a year ago. Average sold price was up 2.22%, median sold was slightly down at -0.66%. Before we call that “good news”, it would help to know that March 2009 was [...]

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Home Values in Texas Likely to Remain Stable

April 27, 2010

(Used with permission) Risk of Major Home Price Decline Low in Texas, By David S. Jones, senior editor, Real Estate Center, Release No. 19-0410 COLLEGE STATION, Tex. (Real Estate Center) — A new study from the Real Estate Center at Texas A&M University explains why Texas’ housing market fared far better than other states during [...]

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The Government Has Made Me Stupid About Real Estate

April 22, 2010

As we head into the final weekend preceding the final work week of April, and the $8,000 1st time homebuyer tax credit winds down (thank God), I’m seeing a surge of new Austin real estate listings coming on the market each day as well as a huge increase in the number of showings for most [...]

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Austin Real Estate and Automated Valuation Tools

April 13, 2010

You’ve no doubt heard of Zillow, and know how inaccurate its Austin real estate valuations can be. That’s not completely the fault of Zillow because Texas is a non-disclosure state, meaning when you sell your house, it’s nobody’s business what you sold it for, or what the buyer paid. This results in limited sold data [...]

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Everything You Need to Know About Real Estate is at U-Haul.com

April 6, 2010

Finally, a top 10 list that spares Austin the humiliation of being listed on yet another Top 10. Let all Austinites inhale a deep breath of humility. This top 10 is a list of the top one-way U-Haul rental destinations. From the press release: U-Haul compiles the list based on more than 1 million U-Haul [...]

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Austin Job Growth Strengthening for 2010

April 1, 2010

Job growth is the major leading indicator for the real estate market. When employers are hiring, buyers are buying. Though Austin remains in slightly negative territory, it’s the direction of the trend we care about. Austin unemployment never got as bad as the national numbers, and remains in the 6% range compared to 10% nationwide. [...]

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