Archive Monthly Archives: January 2007

Austin Real Estate Market Sales Update – 2006 Summary

Below are the sales stats for December 2006 as well as a 2005/2006 comparison summary. This month, on the chart directly below, I’ve added Duplex sales and Townhome sales so you can see how those track over time compared to single family homes. 2006 was a very strong year for the real estate market in […]

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Posted by Steve
11 years ago

Study: Texas riddled by foreclosures

I hate to post negative news, but I’m on a personal mission to stop unqualified buyers from purchasing homes they can’t afford. Hopefully a few people reading this will take notice. “Owning” a home means having equity in a property you can afford to maintain and pay for. It’s shameful that the new home builders […]

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Posted by Steve
11 years ago

Who Bought, Who Sold?

Here is a rundown on who buyers and sellers are in Texas. I found it most interesting that 20% of buyers are single women, but only 5% are single men. You go girls! TEXAS (texasrealtors.com) – Last year, first-time homebuyers, with a median age of 33, accounted for 35 percent of existing homes purchased statewide, […]

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Posted by Steve
11 years ago

Austin Economic Update: Coming years should be fruitful

Angelou Economics is out with their 2007 economic forecast for Austin. Like 2006, the 2007 forecast is all good news for Austin and our economy. Strong job growth will continue to drive a very healthy real estate market. The article below is a summary from the Austin Business Journal. You can view a pdf file […]

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Posted by Steve
11 years ago

Austonian to tower over downtown Austin

Another high-rise condo tower is in the works for Austin. I wonder how many downtown condo units Austin can absorb? These places aren’t cheap to own compared to a house of the same size in South Austin. From the article below, “Though prices haven’t been set for the 195 units, they are expected to start […]

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Posted by Steve
11 years ago

Austin Rental Market Update – 2006 Summary

Finally, after four consecutive years of declining average rents, the Austin rental market turned around in 2006. Though only a modest increase of 1.4% over the 2005 average rental rates, it’s the change in direction that’s important. Austin absorbed 35% more rental homes in 2006 than 2005. The market is very strong but supply remained […]

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Posted by Steve
11 years ago
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