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Austin and Central Texas have experienced the recession differently than many other areas, but improvement elsewhere is certainly welcome and will be good for all of us. Continue reading
Almost no foreclosure activity makes Austin and most of Texas very different from what you read about in most of the national press. Continue reading
Austin’s experience with residential property foreclosures remains very different when compared with many other cities and with national averages. Continue reading
Foreclosed properties represent less than 10% of YTD sales in the Austin metropolitan area, and less than 3 1/2% of available listings! Continue reading
Help to advocate these changes now — talk to friends and business acquaintances, and most importantly contact your representatives in Congress. These changes are needed this year! Continue reading
This is more than just interesting. It is vital to confidence in private property rights, a foundational principal and a huge part of what makes the United States the United States. Especially if you work in the mortgage industry or the title insurance industry, please comment. Continue reading
“Central Texas is not in the same boat as many other parts of the country. While home sales remain at a slow pace, prices have not dropped, and many economists say an upturn is in the making for 2012 as the region continues to add jobs.” The prevalence of distressed home sales (short sales and foreclosures) in other markets has had much to do with their declining home values and continuing market malaise. Continue reading
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
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.
Today’s local report about properties scheduled for February foreclosure auctions made much about the “high” level of foreclosures in the Austin metro area, but relative to metro population or compared to cities where the housing downturn hit much harder, Austin doesn’t look so bad. Continue reading
Bill Morris on Austin Real Estate 