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The February market snapshot shows mixed results, but important point of emphasis regarding the Austin/Central Texas residential real estate market remains remarkable strength in property values. Continue reading
The strength of current gross rents, and the stability in multifamily pricing for most of last year, suggest that we have seen the bottom of this cycle. New project announcements and building permits for multifamily construction (including substantial additions to the inventory of available apartment units) show that large investors and developers are betting on coming growth. Now is the time for smaller investors to take advantage of the trend as well. Continue reading
Austin was one of only two cities to experience positive growth in both prices and unit sales over this 12-month period. Austin’s 5% increase in median price was below the 7.8% average rate of increase since 1990, but still a strong performance. Couple that with growth in unit sales of more than 3x the national average, and this is really impressive. Continue reading
A couple of weeks ago I wrote about the strength and optimism of the multifamily residential market in the Austin/Central Texas market. I promised to keep an eye on this and report further news. Today, this article indicates the same kind of confidence nationally.
I am proud to be part of the RE/MAX family. This video and my earlier post highlight some important reasons.
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In early February I wrote about rising rents and planned construction in the Austin/Central Texas multi-family residential sector. This morning’s Austin American-Statesman featured an article showing specific evidence of that confidence.
Times and markets may have changed in recent years, but the benefits of being a home owner rather than a renter are still the same. (And it’s a great time to buy now!) Continue reading
Twice each year, Jeff Osborne, Broker/Owner of RE/MAX Capital City conducts business meetings with all company agents and staff. Discussion is wide ranging and mostly forward-looking, but reporting on past performance versus our competition is always worth a couple of slides. Continue reading
Foreclosure activity in Austin is definitely higher than it was pre-recession, and there is no doubt that the effects of the recession and housing downturn have flattened home values here over the past few years — prices are lower today than they would have been if the recession had not happened. All in all, though, Austin and Central Texas continue to contrast dramatically with the cities and states that so thoroughly dominate news about the housing sector.
I have elaborated before about the S&P/Case-Shiller Home Price Index and how representative it is (or not) of conditions in the Austin/Central Texas real estate market. News reports today are offering shock as the Indices for December 2010 returned to two-years ago levels, prompting fears of a “double dip” in housing. Here’s an up-to-date look at how Austin compares. Continue reading
