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Market News and Trends

A little more on foreclosure sales


This article from NAR summarizes RealtyTrac’s Q3 2012 U.S. Foreclosure and Short Sales Report:

Foreclosure Sales Increase 21 Percent in Third Quarter

I won’t try to summarize that summary — it’s a short article and worth a read if the topic interests you.

I will, however, offer this quick comparison between Austin’s recent foreclosure sales experience and the national average:

Foreclose Sales 3Q12

In an earlier post about the Foreclosure Monthly Trends Newsletter, I provided similar comparisons, and commented that foreclosures represent just 3.4% of Austin-area listing inventory at this time — very different from the situation in many cities, even as their situations improve.

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About Bill Morris, Realtor

More than thirty years of business experience (high tech, client service, business organization and start-up, including many years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs: -- Seller Representation is a comprehensive process that begins with thorough market analysis and consultation, continues with properly staging the home to achieve the highest price possible in a reasonable time on market, a complete program of marketing and promotion, ongoing updates and communication, closing coordination, and follow-up throughout (and after) the sale. -- Buyer Representation is also full service: shopping, previewing, price and market consultation, contracting, negotiating, coordination of inspections, appraisals, repairs, and closing details, and follow-up beyond the closing of your purchase to ensure your lasting satisfaction. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. That's why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.

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