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Despite personal adversity, my friend and client keeps moving forward, and now he’s building a house for free to help a neighbor! A great story. Continue reading
There’s no way to put lipstick on this and improve the national picture. The housing industry is troubled and is likely to remain so for some time to come. But I encourage folks who already own homes in Austin, or plan to, to keep the faith. Our fair city’s performance remains much stronger than national news stories will lead you to believe. Continue reading
7 out of every 8 homeowners in this market sample never listed their homes for sale before they were taken in foreclosure! Don’t be one of those 7-of-8 folks! Continue reading
There is every reason to expect some seasonal softness in unit sales and prices in the coming months, but as I mentioned at the outset the Austin/Central Texas economy remains resilient. Economic strength continues to attract employers and employees to move here, that trend is filling available rental space and pushing rents upward, and as those new Austinites either sell homes elsewhere or just gain confidence in their futures they become Austin-area homeowners. Continue reading
Another honor for RE/MAX, bestowed by our clients … Continue reading
Lot’s of reasons to “like” Austin …. Continue reading
General economic uncertainty aside, I believe that buyers who stay on the sidelines over the next six to twelve months — especially in the Austin area — will find that they missed the best opportunity to become homeowners we have seen in many years.
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Six months ago I compared “typical” investments in 2010 in single family homes as rental properties in various parts of Austin. Now, I want to offer an updated look at residential real estate investments in the first half of 2011 — this time including single family homes, duplexes, and fourplexes. Continue reading
Even as chaotic market conditions still dominate press reports about real estate nationally, the Austin/Central Texas residential market continues to demonstrate fundamental strength. Sales volume is up for five consecutive months, and average and median home values have appreciated all year. Local and regional economic results and expectations are promising. Continue reading
Let’s say the rates bounced “all the way” up to 6%. What would that mean to the average homebuyer? To answer that, consider buying a $200,000 home (near the median in Austin), with a 3.5% down payment on a 30-year fixed rate FHA loan. Here’s what happens to the monthly payment (principal and interest only) as rates go up. Continue reading
Bill Morris on Austin Real Estate 