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“The U.S. homeownership rate held steady at 67.2 percent at the end of the fourth quarter of 2009, slightly lower than the 67.6 percent rate posted in the third quarter, according to the U.S. Census Bureau.” Continue reading
NOW, we have tax incentives and very low interest rates and seasonally low home prices. LATER, tax incentives will expire (contracts after April 30) and interest rates and home prices are likely to increase. Continue reading
As the American-Statesman article says, total non-farm employment in December 2009 was 2,300 jobs lower than December 2008, but recent trends and most economic forecasts (Austin employment picture remains positive) are optimistic. Continue reading
As pleased as I am to be in our relatively healthy local economic environment, we must never forget that in many ways we are all in this together! We still need a national surge in private sector employment. That’s the keystone for all of us.
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December 2009 — almost 10% month-to-month increase in average home sale prices. Does last year’s tax credit program explain it? Continue reading
“Good deal” means a lot of things to a lot of people. Let’s talk about what it means to you and developing a home search strategy to meets your needs. It may well include foreclosures, but a focus on them? Probably not.
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Schools are not the only reason for choosing a home or a neighborhood. For many, this isn’t even among the most important criteria. Either way, these resources should be valuable to you.
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The letter-writer is under the mistaken impression that real estate agents — not markets — establish property values. The reality is that market value is nothing more or less than what a willing buyer and a willing seller agree to. Continue reading
The value of residential real estate is determined by the market in a specific location at a specific point in time and based on the condition of the specific property. The only way to get a current, professional market analysis is from a full-time real estate professional who does this every day.
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Having worked short sales, representing buyers and sellers over the past several years, I’ll believe it when I see it. Continue reading
Bill Morris on Austin Real Estate 