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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
I just posted an article on my website with recommendations for home buyers during this recessionary market period. Most are good, but there are important differences between the Austin/Central Texas real estate market and the hard-hit markets that rightly get so much attention in the national press. 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
“Even with several years of price declines, the typical seller who purchased a home eight years ago experienced a median equity gain of $33,000, a 24% increase, while sellers who were in their homes for 11-15 years saw a median gain of 40%.”
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According to the Austin Board of Realtors® , pending homes sales in the Austin metro area down27% in September 2010 compared to September 2009. Year-to-date sales, however, were down only 1%.
The Wall Street Journal recently had an article about a “housing stress indicator” that compares many U.S. cities and their pain and continuing vulnerability in the ongoing real estate downturn. Continue reading
Statistics can be deceiving. When you read that a particular real estate market is a “buyer’s market” or a “seller’s market,” don’t assume that that adequately describes the entire market. Here is a look are the kind of variations that an “average” can conceal. Continue reading
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
It’s embarassing to think that a licensed real estate allowed this confusion with a client. When you hire a Realtor® to help you buy or sell your most important financial asset, invest the time to understand the experience and professionalism you’re getting. 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.
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Bill Morris on Austin Real Estate 