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Central Texas

This tag is associated with 219 posts

Leverage your support of local needs

Next Tuesday evening or Wednesday, please visit Amplify Austin, choose the cause that’s important to you, and leverage your power to help others in the Austin area. It is the right thing to do. Continue reading

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So how much does housing cost in Austin? (Part 2)

There are significant variations in pricing within each county where most of the metro population lives, but there are cities in each county where a below-$200,000 purchase is still realistic. Continue reading

So how much does housing cost in Austin? (Part 1)

Market-wide price changes are the result of changes in the distribution of prices across many price ranges. Here’s a look at how the price distribution for homes sold in the Austin metropolitan area have changed. Continue reading

2015 Market Summary

The real world of our fast-paced real estate market in Austin makes this post a couple of weeks later than I planned, but following up on my recent summary of Angelou Economics view of our community, I want to add a quick look at the residential market specifically. If you have attention to local media … Continue reading

More about interest rates — what can you buy?

Assuming reasonably healthy economic conditions in the U.S. and internationally, mortgage rates will eventually rise. Sellers will continue to sell, and buyers will continue to buy, in virtually any interest rate environment, and rate changes will impact both. It is worth understanding and planning for, though. Continue reading

Affordability Pressures in Austin

Much has been said over the past couple of years about housing affordability in the Austin area, and rightfully so. This is not hopeless, however. There are ways to address this trend, by allowing the addition of much more, and more varied housing stock throughout the area. Continue reading

So, where is that “median” house?

You’ve decided to look for a home — either your first one, or a move-up. You’ve got good employment history, solid rental and/or mortgage payment history, you have managed your credit, and you have been preapproved for a mortgage loan. Where should you focus your search? Continue reading

Another “over-valued” report

There is a difference between home prices being bid up to unrealistic levels through shear speculation, and the way Central Texas home values are being driven by real supply and demand forces, supported by strong employment and population growth and buying power provided by a still very conservatiove mortgage lending industry. Continue reading

More on Austin-area prices and affordability

How much do homes really cost here? In the metro area, the highest average and median prices are in neighborhoods near the close-by south shore of Lake Travis, not in the city itself. At the other end of the market, there are six suburban cities with average and median home prices at or below $200,000. Continue reading

Home prices are up in Austin, but …

It is still possible to buy less expensive homes, but with the rapid growth in population and employment, it is more difficult and competitive, and most often in the suburbs. Still, through September 2014 more than 1/3 of all homes sold in the metro area were priced under $200,000. Continue reading