Austin Texas 2015 Update: 2014 was another banner year in central Texas housing markets. The uptick in housing prices in the Austin and surrounding areas was unprecedented. The extreme shortage of inventory in the “affordable” near-town residences continues, with no real change on the horizon. Median sold price for all areas combined in December is up to $244,950. While the $400,000+ […]Continue Reading →
Austin-area home sales top 3,000, $1 billion in volume in June 2015, prices remain high
Austin Board of REALTORS® releases real estate statistics for June 2015 and mid-year 2015 AUSTIN, Texas July 21, 2015 – According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR), Austin-area home […]Continue Reading →
Prop 1 will save you money by increasing your homestead exemption from $15,000 to $25,000. This is great news for Texas homeowners because it lets you keep more of your hard-earned money. Prop 1 also helps seniors and people with disabilities by giving them much-needed tax relief, and providing them a lower property tax cap, […]Continue Reading →
Austin-area single-family home sales remained high in August, increasing 8% to 2,943 home sales year-over-year. Single-family median home prices, for both sales and leasing, set a record for the month of August. Median home sales prices increased by 8% year-over-year to $265,000, while median home lease payments increased by 7% to $1,600. Read the […]Continue Reading →
Another banner year for housing in Texas. No surprises there if you’ve been trying to land a home under $225,000 in Austin. That particular market price is drawing so much fire with so little inventory it is unprecedented.
Forbes magazine released its top 20 of America’s fastest growing cities and Austin was behind only Houston […]Continue Reading →
2014…..Below was originally written March 2013. Compared to the inventory crunch we are currently under this is another under-statement! As they say, “never catch a falling knife”! This one flew up so fast hardly anyone would’ve predicted the surge in demand and drop in inventory. It hasn’t been seen in our market place since 2001.
March […]Continue Reading →
I read an interesting article today regarding below 0%. How could that be? Who would have predicted this situation 10 years ago? No one I know. Any way, here is a link to the blog by TAMURECON’s Dr Mark Dotzour.Continue Reading →
Here’s a chart that best exemplifies the usual seasonal fluctuation in the Austin market. On a positive note, every month this year has exceeded the previous several years in volume.Continue Reading →
I noticed a few interesting articles that I want to share. Louis
TWO HISTORIC AUSTIN BUILDINGS SOLD
AUSTIN (San Francisco Business Times) – A real estate investment firm with offices in San Francisco and Boston purchased two historic downtown buildings.
DivcoWest acquired the Littlefield and Scarbrough buildings from Heitman LLC. The buildings total about 240,000 […]Continue Reading →
Upside: increased demand stimulates inreasing values.
Downside: imho we have significant demand that, in Texas and some other regions, is directly related to the economic stimulation created by the ramped up oil and gas trade.