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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
“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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I am pleased to see Austin among the 25 best, but I am equally happy to see us near the bottom of that list … for a number of reasons. Continue reading
In Travis County, much like the rest of the Austin metropolitan area, the average value of a single family home is down in 2010 compared to 2009, but gains from new construction and the commercial sector help to keep total taxable property values very near last year’s number. Continue reading
Last week the U.S. Commerce Dept. announced that new home sales were up 27% in March 2010 compared to February. The surge was described as the strongest (in units) since July 2009, and the largest percentage month-to-month increase in 47 years. How did Austin compare? Continue reading
The good news is that the “odds of selling” rebounded nicely last month. One month does not make a trend, but unless tax incentives have accelerated too much of what would have been Summer demand, we should see solid sales performance in our market in the next few months with modest increases in sales values. Continue reading
RE/MAX topped competitors in the 2010 RISMedia Power Broker Report that ranks top real estate offices in the U.S. Continue reading
Austin most expensive rent in TX. As is generally true, press reports are best served with context.
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Bill Morris on Austin Real Estate 