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This was a cash purchase of 440 acres in just one subdivision, a huge commitment to building in Crystal Falls. It also represents a very important vote of confidence in future demand for new homes in our area.
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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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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
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
“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
Austin’s real estate market remains a significant bright spot among many U.S. metro areas that continue to struggle. I trust this recap will be informative, and helpful as you consider the current market position of your Central Texas home, or your plans to purchase a home. Continue reading
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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Bill Morris on Austin Real Estate 