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Austin-Area Market Conditions — Dramatic Variations

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

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Austin Employment Picture

The U.S. Bureau of Labor Statistics released five-year private sector employment statistics this morning (Texas cities hold top four job-growth spots), and I was pleased to see that the Austin metro area ranked third … Continue reading

Austin/Central Texas Market Status — Existing Homes

Year-to-year sales performance in the Austin metro area does not show the kind of growth reported nationally, but there is a lot to be thankful for in this market area, and plenty of reason for optimism for the future. Continue reading

New Home Sales — U.S. and Austin/Central Texas

Nationally, new home sales skyrocketed in June, compared to May. While one month does not make a trend, growth is good news. As usual, Austin is experiencing this recession differently than the hardest hit areas. Continue reading

Austin Home Sales and Listing Inventory

An feature article in the Business section of today’s Austin American-Statesman highlighted a decline in home sales in the Austin area and growth in listing inventory. As noted by the Austin Board of Realtors the very small sales decline is really reason for optimism for the Austin/Central Texas real estate market. Consider listing inventory relative to current demand. Continue reading

Pricing Homes To Sell

Price it right! Properly priced homes seller faster and for higher prices than those that age — even for a few weeks — at above-market prices. Continue reading

Another Top 10 for Austin

So what does our fair city have to offer? “… a legendary music scene, unbeatable Tex-Mex and barbecue restaurants, and locals who seem too good to be true.” Continue reading

Optimistic future for Austin builders?

This was a cash purchase of 440 acres in just one subdivision, a huge commitment to building in Crystal Falls. It also represents a very important vote of confidence in future demand for new homes in our area.
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Mortgage insurance rates going up

A bill authorizing much higher mortgage insurance rates for FHA loans has passed the House overwhelmingly. An increase in the monthly mortgage insurance premium will reduce the loan amount, and therefore the purchase price, a prospective buyer can qualify for.
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Get it in writing

It’s embarassing to think that a licensed real estate allowed this confusion with a client. When you hire a Realtor® to help you buy or sell your most important financial asset, invest the time to understand the experience and professionalism you’re getting. Continue reading