Archive Monthly Archives: September 2009

What you need to know vs. what you want to hear

If an investor or buyer wants to purchase a home and is ready to write up the offer and move forward, what should a good Realtor do? Unfortunately, many will of course write up the deal immediately and mentally deposit the commission, and perhaps already have it spent. This isn’t the type of Realtor you […]

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Posted by Steve
9 years ago

Texas Economic and Real Estate Market Update Sept 2009

Here is Texas A&M’s Real Estate Center Chief Economist Mark Dotzour speaking at the TAR Convention in Dallas earlier this month (Sept 2009). He explains the Texas Economy and real estate market in a funny yet informative way. The video is about 24 minutes long and well worth watching. <http://recenter.tamu.edu/video/videoPlayer.asp?vid=71>

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Posted by Steve
9 years ago

Austin Rental Market Update – August 2009

The Austin rental market continues to be strong.Average and monthly rents continue to rise. Days on market is low. But, even with recent gains in prices, we are nearing the end of a decade in which rental prices for landlords will have remained virtually flat. Let’s check the historic graph below before we get into […]

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Posted by Steve
9 years ago

What if Realtors were Ranked from White Belt to Black Belt?

Imagine your grandmother needed to be escorted through a dangerous part of town, and you had to select from available bodyguards. One is a White Belt, a part timer with very little experience,┬ábut he returned your call in less than 10 minutes. Another is a Black Belt with 20 years experience and hundreds of successful […]

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Posted by Steve
9 years ago

Austin Subdivision Smackdown – Circle C vs. Avery Ranch

Buyers often want to know which areas of Austin are more likely to hold value and/or appreciate over time. Not just investors, but home owners who want build home equity. My standard answer to this question is usually “stay as close in to Austin’s core (downtown) as you can afford, in neighborhoods that are established […]

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Posted by Steve
9 years ago

Austin Real Estate Market Update for August 2009 Sales

Austin Real Estate values for August 2009 are down about 5% from the same month last year. Average sales prices for the 1,657 houses that sold are down 5.12%. Median sold prices are down 4.80%. The number of houses sold is down 15% from August 2008, which is less of a decrease than we’ve seen […]

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Posted by Steve
9 years ago