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 →
Austin Texas 2014
The growth in central Texas continues at a fast pace. The 2013 stats are in and year over year sales price and volume are both up, while days on the market are down. Another year of overall improvement for sellers in this region.
The usual seasonal adjustment […]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 →
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.
May numbers are in and the Texas median home price is the highest ever at $162,400. Couple that with quickly rising rental rates and you have a market that is short on affordable inventory. For the first time in many years it is truly less expensive to own than lease in many market segments. Couple that with historically […]Continue Reading →
Here it is in black and white:
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MIDLAND – In April, the unemployment rate, locally, was the lowest in Texas at 3.5 percent. “We’re trying to stay one step ahead of the growth, but the economy is moving at a pace where it’s hard to stay one step ahead,” said Courtney Sharp, Midland’s city manager.
“We’re at least 500 housing units […]Continue Reading →