Another weird week in the global markets. Whew I’m not going to comment on that since I don’t have any real answers to the many questions. On the other hand, may be shaping up to be a very good time to invest in real estate. Rents continue to be high for detached single family homes […]Continue Reading →
Summary of All Areas February-11 Median Average Feb 2011 Feb 2010 % Change Feb 2011 Feb 2010 % Change List Price $195,000 $185,995 + 4.8% $251,306 $244,388 + 2.8% Sold Price $187,000 $180,745 + 3.5% $241,206 $233,103 + 3.5% Square Feet 1,949 1,870 + 4.2% 2,125 2,065 + 2.9% LP/SF $101 $102 – 1.0% $117 […]Continue Reading →
Apartment occupancy rates and rental rates are up throughout Texas markets, according to ALN Apartment Data. Not surprisingly, with the growing shift from home ownership to rental, rent is going up. Credit constrictions making it more difficult for potential home buyers to get financing are pushing more and more people into the rental market. It […]Continue Reading →
Today’s existing home sales report shows the highest sales in eight months. The US median sale price hit a nine-year low. Conversely, if you are in Texas, and particularly Austin, transactions are up and the median price hasn’t really changed.
All-cash purchases are at the highest level since NAR started measuring these purchases monthly in […]Continue Reading →
The Foreclosure Listing Service said that Travis county postings rose 3% while Austin’ were up 4%. Foreclosure posting activity in first quarter 2011 in Bexar County was 105 percent higher than it was eight years ago when FLS began tracking foreclosure activity there.
1st Quarter 2011 % Change from
1st Quarter 2010 […]
Austin Real Estate Market May 2011
Most of us in the central Texas region have been spared huge depreciation in housing…but not all of us. I like the term “pretty” houses, which I’ve been hearing lately although it’s a bit shallow. The reality is that “pretty” means: that right location is NOT enough…it requires the right, specific location within a area […]Continue Reading →