Sales between $120,000 and $160,000 represented less than 10% of market activity in 2011 and 2012. At the same time, sales between $200,000 and $400,000 have become well-established contributors to our market over the past few years, representing 34% of sales in 2011 and 36% of sales so far in 2012! 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
In a world of confused and confusing reporting about the state of the housing sector of our economy, the National Association of Realtors® has launched a new Facebook page to help. Continue reading
For the sixth consecutive year, Allied Van Lines reports that Texas enjoyed the highest level of net in-migration in the United States. I went to Allied Van Line’s source data and found the strength of Texas’ attraction even more impressive than the report sounded. Continue reading
The stats helper monkeys at WordPress.com mulled over how this blog did in 2010, and here’s a high level summary of its overall blog health Continue reading
Mortgage rates are rising, but still at 40-year lows. With prices also likely to increase, NOW it is the time to buy a home! Continue reading
If it’s your time to buy or sell, don’t wait for some imaginary sea-change in the Central Texas real estate market. The outlook for home values and mortgage interest rates us UP, and we are not facing a flood of low-priced properties in the coming months. Make your move because it’s right for you, not because of external factors you read or hear about. Continue reading
Last week I heard a prominent Senate leader suggest that there should be an across-the-board moratorium on all foreclosures. My response: STOP before you help us any more!!!!! 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.
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.