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An feature article in the Business section of today’s Austin American-Statesman highlighted a decline in home sales in the Austin area and growth in listing inventory. As noted by the Austin Board of Realtors the very small sales decline is really reason for optimism for the Austin/Central Texas real estate market. Consider listing inventory relative to current demand. Continue reading
Price it right! Properly priced homes seller faster and for higher prices than those that age — even for a few weeks — at above-market prices. Continue reading
In a previous post, I discussed variations in market behavior in the Austin metropolitan area, slicing the market only by home size. In this post I will discuss the importance of “location, location, location” as a vital factor in real estate.
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My clients, and those who follow my blog, know that I often describe the real estate business as “hyper-local.” I didn’t invent that term, but it applies spectacularly in this industry. This is the first in a series of blog posts that will discuss this differentiating fact about real estate from different perspectives.
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As I frequently do, I think it is important to provide an Austin/Central Texas perspective since our local and regional market has experienced the housing downturn and recession very differently than the five states where the worst impacts have been felt.
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As I study market conditions in Austin and Central Texas real estate, I continue to see significant contrasts between our area and conditions elsewhere …. Continue reading
I am encouraged to see the Austin/Central Texas market maintain momentum after tax credits expired, and I look forward to getting “back to normal” in the coming months and years. Continue reading
There is always a reason when a property is priced below market …. Continue reading
The tax credits that just expired for most of us continue for a year for many in the military. This is important … and right! Continue reading
“Pending Home Sales on an Upswing” …. In addition to an increase in March in the number of homes sold and closed, the number of pending contracts is up, which should bode well for April and May closings. However ….
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