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I am often asked, “What’s the average price per square foot in Austin?” Here’s the REAL answer! Continue reading
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
From RISMedia: Top 10 Haunted Homes For Sale Trick or Treat! Have a great day!
Good advice on making a low-ball offer for a home: Six Lowball Offer Mistakes Buyers Often Make I have had this conversation with many of my clients and know that this my approach avoids these problems and offers the best chance for success.
Austin and Washington, DC continue to buck the trend, gaining value year-over-year. As I pointed out in my last post, the magnitude of the gain in Austin remains impressive, even compared to Washington, DC. Continue reading
The key “unknown” at this point is whether we have more volatility ahead. Locally and regionally, conditions remain good, but without a broader recovery in the national economy and housing sector, continued strong in-migration and the ability of those new Austinites to buy homes is more limited than it should be. Continue reading
“Since we know Austin went into the recession later, emerged earlier, and lost fewer jobs than most other major metros, it may be helpful to put this month’s performance ranking in perspective by also looking at where Austin and these metros are currently vis-à-vis peak pre-recession employment.” Continue reading
I have elaborated before about the S&P/Case-Shiller Home Price Index and how representative it is (or not) of conditions in the Austin/Central Texas real estate market. News reports today are offering shock as the Indices for December 2010 returned to two-years ago levels, prompting fears of a “double dip” in housing. Here’s an up-to-date look at how Austin compares. Continue reading
Month-to-month reports of home sales in the Austin area have not been encouraging since the last tax credit program ended in June, but if you look at annualized sales and pricing things aren’t as bleak as they may seem. 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
Bill Morris on Austin Real Estate 