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You’ve decided to look for a home — either your first one, or a move-up. You’ve got good employment history, solid rental and/or mortgage payment history, you have managed your credit, and you have been preapproved for a mortgage loan. Where should you focus your search? Continue reading
There is a difference between home prices being bid up to unrealistic levels through shear speculation, and the way Central Texas home values are being driven by real supply and demand forces, supported by strong employment and population growth and buying power provided by a still very conservatiove mortgage lending industry. Continue reading
How much do homes really cost here? In the metro area, the highest average and median prices are in neighborhoods near the close-by south shore of Lake Travis, not in the city itself. At the other end of the market, there are six suburban cities with average and median home prices at or below $200,000. Continue reading
It is still possible to buy less expensive homes, but with the rapid growth in population and employment, it is more difficult and competitive, and most often in the suburbs. Still, through September 2014 more than 1/3 of all homes sold in the metro area were priced under $200,000. Continue reading
I’m convinced that Austin’s growth and home value appreciation are happening for the right reasons — real demand supported by economic growth and employment opportunity. I do not see reasons to fear a market bubble that is so much on some people’s minds after the painful recession we’re all still pulling out of. Continue reading
Actually, we’ve had much more than three calendar quarters of HOT market conditions in Central Texas, but I really want to comment on January – September 2014 here. Since it has been a long time since I made time to write, though, I’ll remind readers that are new to my market dashboard, that the Greater … Continue reading
By all appearances and forecasts, 2014 promises to be another very busy year in Austin-area real estate. Real-world pricing data does not indicate a new bubble here, though, and healthier regional economies elsewhere around the country will be good news for all of us. Continue reading
Videos and advice from REMAX.com … and more at BuyOrSellAustin.com.
http://www.mystatesman.com/ap/ap/business/us-existing-home-sales-fall-32-pct-in-october/nbydZ/
From the Austin Business Journal …
Bill Morris on Austin Real Estate 