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Austin Real Estate BlogAustin Real Estate BlogAustin real estate market stats and related news and information Articles
Forbes: Top-10 Best Performing Housing Markets includes Austin
2007-11-29 19:40:00 Looks like Austin is still comparatively right up there in the top 10 cities. The following is from Forbes Magazine. Top-10 Best Perform ing Housing Markets As anybody who has ever sold real estate knows, there are no national markets, only local markets. The adage holds true when you look at the condition of the real estate business ...
A Tale of Two Real Estate Markets
2007-11-27 07:47:00 No matter where you live, there always exists two real estate “markets”. One market consists of homes that are priced “in the market”. These are the homes that will sell. The other market consists of homes priced “out of the market”. These are homes that probably won’t sell unless a price or condition adjustment is ... More About: Estate , Real Estate , Markets , Real , Tale
Austin Real Estate Market Update - Oct 2007
2007-11-26 15:39:00 Home sales in Austin are getting better or worse, depending on which side of the equation you’re on - Buyer or Seller - and some other factors. If you’re a Buyer, you currently have more homes to choose from and are more likely to find a seller willing to negotiate compared to 2006 and the ... More About: Estate , Real Estate , Real Estate Market , Market , Update
Austin Rental Market Update - thru Oct 2007
2007-11-24 09:15:00 The Austin Rental Market keeps chugging along. Not much new to say for the stats report this month as the steady climb in rents continues. Average rental rate is up 5.7% from a year ago, to $1354 (though down from last month due to our seasonal shift). But remember, average rents in Austin are still ... More About: Update
Texas A&M Economist Mark Dotzour on the Economy
2007-11-13 21:59:00 Mark Dotzour is one of my favorite speakers. He makes things easy to understand and is funny. Below is a snippet from one of his recent speeches. COLLEGE STATION (Real Estate Center) ? Speaking before the Houston Economic Club earlier today, Dr. Mark Dotzour discussed the state of the national and Texas economies, and made a ... More About: Economy , Economist , Mark
Right Brain Left Brain Spinning Girl
2007-11-12 18:10:00 Someone sent me a link to this spinning girl and I found it interesting. Which way is she spinning for you? For me, she is spinning to the right (clockwise) 100% of the time. For Sylvia, she is spinning to the left (counter-clockwise) 100% of the time. For our kids, she randomly switches back and ... More About: Girl , Left , Spinning , Brain , Spinn
Austin Toll Roads - Cheap suburb living more expensive than you think
2007-11-07 13:53:00 The Austin Statesman website has an Austin Toll Road Calculator that’s interesting. You can click on your entry and exit points on the map to find out the cost of a certain trip. (you may have to log in or register at Statesman.com to be able to use it - sorry) Every since I paid ... More About: Living , Cheap , Roads
Inverted Pricing Cascade Showing up in Austin Real Estate Prices
2007-11-01 01:06:00 I ran a CMA (Comparative Market Analysis) the other day for someone. The CMA revealed what I call an inverted pricing cascade. That is, when looking at the pricing of the Active, Pending and Sold listings, the lowest average prices and prices per square foot for this particular neighborhood started with the Active listings, next ... More About: Estate , Real Estate , Austin , Real , Vert
Austin Rental Market Update - September 2007
2007-10-29 20:15:00 The rental market in Austin remains strong, helped further by the fact that there are in fact some qualified buyers who are electing to rent instead of buy because they fear that there is an Austin Real Estate bubble, and they don’t want to buy into that bubble. I’m not going to go into several ... More About: Market , Rental , Update , September
Computer Disasters Less Painful that in Past
2007-10-25 23:16:00 Sylvia’s work computer crapped out on us yesterday. It won’t boot. Now it’s in the shop and probably has a bad motherboard. We’ll get it back, if it’s worth repairing, by Saturday or Monday, but it’s really no big deal. Not many years ago, a PC going belly up meant that most productivity came to ... More About: Disasters , Computer , Past , Aster
Austin Real Estate Sold vs. Expired Comparison
2007-10-22 21:11:00 Let’s take a look at the number of Austin Homes that sell versus the number that don’t sell. The graph above shows Sold and Not Sold (Expired or Withdrawn) counts for 2006 and 2007. The dark green bar represents the number of listings sold in 2007, the light green bar represents the number of listings ... More About: Estate , Real Estate , Real , Comparison
Austin Real Estate Market Sales Update - Sept 2007 and YTD
2007-10-22 15:50:00 The Austin real estate market is a set of markets within a market. Trying to describe what’s going on is like trying to say what the weather is like right now in the U.S. What is true in one area often does not apply to another. Overall in Austin, the number of sales have dropped, ... More About: Estate , Real Estate , Real Estate Market , Market , Sales
September Austin home sales drop 22 percent
2007-10-20 02:23:00 The real estate slowdown crept up on us, but it’s really here for sure, despite the fact that the headlines say it (see below). Yet prices in Austin keep rising. A buyer a couple of weeks ago told me “I’m going to wait to buy because the bubble in Austin is going to burst soon”. ... More About: Sales , Home , September , Drop
When Real Estate Bloggers go Wild
2007-10-18 07:39:00 I was recently challenged about a blog article I wrote. I was told that the references to the “bozo agent” along with the accompanying visual graphic of Bozo the Clown was over the line and damaging to the real estate industry and the reputation of all Real tors. It was suggested that unflattering stories about the ... More About: Estate , Real Estate , Wild , Bloggers
So you want to take the leap and become a Realtor
2007-10-16 20:17:00 When I was a small boy, 9 years old, my family was traveling on summer vacation and we stopped at a campground that had a huge pool with a high dive. It was 1972. There were a ton of older kids lined up to jump and dive off the high dive into the pool. I ... More About: Realtor , Leap
Diary of a Busted Austin Real Estate Deal
2007-10-11 08:54:00 Bozo Agent blows deal for Buyer Recently a buyer on one of our listings terminated the contract, and then threatened to sue us and the Seller after the property was placed back on the market and a new offer was accepted. As is often the case with deals that go sideways, the buyer’s misfortune can be ... More About: Diary , Estate , Real Estate , Austin , Deal
Quantitative vs. Qualitative Data Analysis and Real Estate
2007-10-09 22:55:00 Never has so much real estate data been so available to so many people. Most large US Metro areas have all Real tor listings online for public search (Austin has AustinHomeSearch.com). States that have mandatory disclosure on sales prices (Texas is not one of them) offer consumers a lot of sales data to peruse via aggregators ... More About: Estate , Real Estate , Analysis , Data
New California Law Bans Appraisal Commissions
2007-10-09 00:50:00 These news snippets below are from a Daily Real Estate News digest that I receive. Looks like Calif ornia is getting serious about putting the skids to some of the practices that led to the crazy real estate price inflation in their state. Namely, over valued appraisals and under qualified buyers purchasing those over valued homes. I’m ... More About: Commissions , Missi
Traders Bet That Home Prices Will Fall 10%
2007-10-04 20:15:00 This is interesting. Traders can now bet on future housing index prices. I’m glad Austin isn’t on this list below of the 10 metro areas expected to see falling prices. And I’m not sure how much traders can be trusted to accurately predict the real estate market, but I found the article interesting nonetheless. Traders ... More About: Home , Fall , Prices
Inspection items - what?s wrong with your home?
2007-10-03 17:10:00 One of the inspectors we use, Bob Petersen at Precision Inspect ion had the published following newsletter article, which he said I could republish hear on my blog. WHAT’S WRONG WITH YOUR HOME? by Bob Petersen I have to chuckle whenever I enter a home for an inspection and either the agent or owner informs me that, ‘this ... More About: Home , Items , Wrong , With You
Austin Rental Market Update - August 2007
2007-09-30 10:06:00 The Austin rental market saw rising rental rates again for August 2007, up 2.4% over last year to $1384 per month. Not a rise worth celebrating, but a gain nonetheless. The number of homes rented fell 5% though, from 806 last August to 765 this August. This may be due to fewer renters moving to ... More About: Market , Rental , Update
Living in an immaculate Austin home for sale
2007-09-29 17:57:00 After many weeks of preparation, Sylvia and I finally have our own home officially on the market and entered into MLS. Our new home will be ready for move in by December. Summer rain delays put us three months behind in construction, so now we’re stuck trying to sell our current home during the slower ... More About: Living , For Sale , Home , Sale , Austin
Why Every Realtor Should Consider Blogging
2007-09-28 20:05:00 A couple of weeks ago, I was a guest panelist on a webinar/conference call for about 50 real estate agents from across the country. I was invited by the course instructor, along with two other real estate bloggers, as part of an online marketing course he was teaching for Keller Williams University (KWU). The three ... More About: Blogging , Realtor , Consider
Report: Austin Home sales dip 10 percent
2007-09-24 22:59:00 Today’s Austin Business Journal reports more of what’s been happening this year - the number of sales are falling COMPARED TO LAST YEAR, but the prices keep rising and days on market look good. In other words, the Austin real estate market is sending conflicting signals. What gives? Let’s take a look at the article. Austin Business ... More About: Sales , Home , Report
Austin Buyers - Top 10 Causes of Closing Delays
2007-09-20 18:28:00 This is a handy list of things for all borrows to observe during your loan process, after you have your offer accepted on a home. This list is courtesy of Tommy Nelms and the Nelms Team at Land Mortgage here in Austin . Top Ten Causes of Closing Delays 1) Not providing information requested in a ... More About: Buyers
Would a one dollar price drop motivate you to buy a home?
2007-09-19 03:44:00 There is an active listing that pops up almost every day as a “Price Change” update in one of the neighborhoods I like to keep an eye on. At first I thought maybe this was a glitch, as the price seemed to be the same each time (or so I thought). This morning it was ... More About: Dollar , Home , Motivate , Drop
Conversation with a telemarketer
2007-09-18 00:27:00 I received a call from a dishonest telemarketer this afternoon. It went something like this: Phone rings … Me: Hello, this is Steve. TM: Hi Steve, this is Matt from United Providers {or something like that}. I had a note here to call you. How are you doing today? Me: A note from whom, and in referrence to what? ... More About: Conversation , Marketer , Telemarketer
Austin Real Estate Sales Market Update - August 2007
2007-09-14 04:37:00 The number of single family residential homes sales in Austin took a 16% dip for August. While number of sales alone does not tell the entire story of a real estate market, a 16% dip is an eyebrow raising number, as is the 28% increase in homes for sale compared to the same time last ... More About: Estate , Real Estate , Market , Sales , Update
Austin Sales Market Update - July 2007 Stats
2007-09-12 08:02:00 For July 2007, the number of real estate sales of single family homes in Austin decreased 5.3% compared to July 2006. Most of 2007 has lagged behind 2006 in number of sales due to the very high volume of sales we experienced in 2006. YTD for 2007, number of sales are down 1.4% from 2006. The ... More About: Market , Sales , Update , Stats
What to do when your home floods
More articles from this author:2007-09-07 17:06:00 This is a picture I took on Alcott street on South Austin November 2001. The day before, 16 inches of rain had dumped on South Austin. The tenant in the duplex I managed on this street called and told me his car had floated down the street and that there was 4 feet of ... More About: Home , Floods , To Do , Flood 1, 2, 3, 4, 5, 6 |
