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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
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
There is always a reason when a property is priced below market …. 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
Austin most expensive rent in TX. As is generally true, press reports are best served with context.
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News reports about the national economy and the national real estate market should be the starting point for analysis, not the end. Of course, we are susceptible to some national trends, but we also have our own local and regional strengths. Just like some companies fail while others thrive in difficult times, local and regional economies have comparative advantages and disadvantages, and optimism for the Austin/Central Texas area has been widely reported. Continue reading
Much of what I have written about the “state of the market” in and around Austin has focused on resale homes. New construction is obviously an important part of the market, and it’s a great barometer for confidence in the local economy, job growth, investment opportunities, etc. Continue reading
We all read and hear so much bad news about the national real estate market that keeping a realistic perspective about the Austin/Central Texas area is difficult. The average sale price in December 2009 was about 4% higher than in January 2008, and the median price increased about 2% during that same two-year period. Continue reading
In my opinion, continued artificial support will only make the correction worse when it does happen, so we should allow the market to seek its own course, with minimal external manipulation. Continue reading
Bill Morris on Austin Real Estate 