Archive Monthly Archives: June 2007

Less demand for entry-level homes pushes Austin 2Q starts down

Looks like the new starter home segment of Austin’s sales market is slowing down a bit, which is great news for landlords. The renters who would otherwise be purchasing those homes are remaining in the rental pool. Also, many of the starter homes were being purchased by investors, which means the rental supply won’t be […]

Read more ...
Posted by Steve
11 years ago

Where are U.S. Home Prices Most Likely to Drop?

The PMI Mortgage Insurance Co. has updated its 2007 U.S. Market Risk Index, ranking the 50 biggest metropolitan statistical areas by the likelihood that home prices will be lower in a couple of years. Mark Milner, PMI’s chief risk officer, notes that the new risk model “gives more weight to the recent volatility of an […]

Read more ...
Posted by Steve
11 years ago

Mark Dotzour on the Texas Real Estate Market

Dr. Mark Dotzour, the Real Estate Center’s chief economist, discussed the Texas housing market on Tuesday’s edition of NewsHour with Jim Lehrer. The 12-minute segment is available online. I’ve posted the transcript of Dotzour’s remarks below, but the video on the MacNeil Lehrer news hour website is worth the 12 minutes watching time to get […]

Read more ...
Posted by Steve
11 years ago

Central Texas home sales stay hot in May

This is from todays Austin Business Journal. I haven’t had a chance this month to do my own stats yet. The difference between the stats I run each month and the stats published by the Austin Board of Realtors, is that I filter out Condos and Townhomes and report only single family home sales. Looks […]

Read more ...
Posted by Steve
11 years ago

Austin School Quality and Real Estate Values

One of South Austin’s last remaining new home neighborhoods, Olympic Heights, with homes (new and resale) priced below $200,000 is about to get a shot in the arm due to a favorable shift in the elementary school it attends. Olympic Heights kids may now attend the “Exemplary” rated Baranoff Elementary. Many young families intentionally seek […]

Read more ...
Posted by Steve
11 years ago

Travis County Tax Appraisal Values Still Rising

Sunday’s Austin Statesman has a front page story about rising tax appraisal values in Travis County, and how those value increases are affecting home owners who are being priced out of their neighborhoods. One lady, quoted below, now has property taxes alone of $1500/mo, which is probably more than her house would rent for. This […]

Read more ...
Posted by Steve
11 years ago