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May 2008

There are 8 blog entries for May 2008.

WILL COMMUTER RAIL BE GOOD FOR AUSTIN TEXAS REAL ESTATE

Friday, May 30th, 2008 at 10:35am. 1,682 Views

First, let’s not confuse this with the “light rail” proposal for central Austin that’s been in the news in recent days.  This is the 32 mile commuter system along existing rail lines that begins in Leander and works its way to downtown Austin.

You may be aware that the topic of rail is almost always accompanied by fierce debate:  is it necessary?  Is it a waste of money?  Will people ride it?  It’s not our place here to rehash those arguments.  We’ll all have to wait until the system goes live later this year to find out how many use it and where it sees the most action.

Rather, we look at this from the perspective of Austin Texas area real estate. If rail succeeds in attracting commuters seeking a faster, easier alternative to long commutes on 183 or

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AUSTIN REAL ESTATE: HOW MUCH HOUSE FOR YOUR MONEY?

Sunday, May 25th, 2008 at 8:38am. 1,615 Views

Even in a struggling real estate market nationwide, Austin Texas area real estate is still faring relatively well.  Your dollar stretches much further buying homes in Austin Texas than in many of the major metropolitan areas across the United States.

According to the Austin Texas real estate’s Austin Board of Realtors the current median price for Austin homes for sale is $220,000.  That easily beats all the major metro areas in the northeast (the New York metro area, for example at $462,500) as well as places like Chicago, Phoenix, Las Vegas and Portland.

Let’s not even touch California. The San Diego Housing Commission says home prices have soared out of reach for many, with the median hovering over half a million dollars!  For San Francisco,

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AUSTIN REAL ESTATE: DID “HOUSE FLIPPING” DRIVE UP HOME PRICES?

Thursday, May 22nd, 2008 at 8:51pm. 1,608 Views

“Flipping” – the process of buying Austin homes, renovating them and then putting them back on the market a few years or even months later – has been a fairly common practice in some parts of the Austin real estate market.  But has it contributed to a sharp spike in prices?

Consider Hyde Park, one of the oldest sections of the city. Back in the late 1990s when real estate in Austin was all the rage, these tiny 1930s and 40s bungalows in the heart of central Austin became very popular, as news spread nationwide of our town being one of the “hottest” places to live in America.  Suddenly homeowners were remodeling, expanding and listing with Austin area realtors, and some even bought properties just to knock down and put up new ones to sell at a premium.

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BEST AUSTIN NEIGHBORHOODS FOR A REASONABLE PRICE

Monday, May 19th, 2008 at 7:48pm. 1,772 Views

Searching for real estate in Austin Texas can be a tricky proposition.  So many Austin area realtors with so many listings in too many neighborhoods in an ever-growing city.

If you’re just starting out and looking for affordable Austin homes for sale, perhaps we can help you narrow things down a bit.  Analyzing the most current data from the Austin Texas real estate’s Austin Board of Realtors we began by determining the median price for homes in Austin Texas – which is now $220,000.

We then searched for neighborhoods with affordability in mind, and looked to see where the most activity is happening this year. Frankly, we found a number of possibilities.  Which neighborhoods are the “best”?  That’s a rather subjective judgment, depending on what you’re

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AUSTIN RANKED #5 BEST CITY IN AMERICA FOR COUPLES

Thursday, May 15th, 2008 at 4:35pm. 1,534 Views

Could this be good news for Austin area realtors?  Our town is on another of those “best of” lists – this time Forbes Magazine has ranked the best cities for couples, and we come in very high at fifth on the list.  Whether this sends swarms of couples suddenly scrambling to look for real estate in Austin Texas, we’ll have to wait and see.

Forbes looked at the 40 largest metropolitan areas and considered several factors, but a critical part of the mix was the affordability of a starter home.  It arrived at the affordability rating using a formula comparing the price of a median priced home in each city to the median income.  According to the National Association of Realtors a starter home is defined as one that is 85 percent of the median home price.

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DOWNTOWN AUSTIN CONDO LIVING: HIP OR HYPE?

Monday, May 12th, 2008 at 9:54am. 1,749 Views

What’s all this buzz about those downtown high-rise condos, Austin Texas real estate at its best? 

If you’ve been focusing your search for homes for Austin Texas real estate with an Austin realtor in the suburbs, you might not have noticed the subtle changes to the downtown skyline and landscape.  From Ladybird Lake to Congress Avenue and many other spots, something’s happening.

Then again, you may not care.  Perhaps condos don’t interest you.

But there’s no denying this trend is turning the traditional definition of Austin Texas luxury real estate upside-down.  There are even some Austin area realtors specializing in this market. They’d like to persuade you that the good life isn’t exclusive to communities like Tarrytown or Westlake.

They’re

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COMPARING CITIES: THE HOUSING SLUMP - AUSTIN TEXAS REAL ESTATE

Monday, May 5th, 2008 at 5:50pm. 1,728 Views

Across the nation, the residential real estate sector is in a funk.  Values are down.  Homes aren’t selling as quickly.  And don’t forget the sub-prime mortgage mess.  It’s hard to turn on the news or read the paper without hearing something bad.

But what about real estate in Austin Texas? Let’s not shade the truth.  The Austin market has not been immune.  Sales in the first quarter of the year were noticeably down over last year.  There is evidence that Austin area realtors are not seeing as many first-time or lower-end homebuyers out and about.  Some homebuilders have suspended development.

Still, in a comparison to other major cites across the United States, Austin is in relatively solid shape. 

There are lots of ways to measure the market.

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Austin Texas Real Estate Report April 2008

Thursday, May 1st, 2008 at 3:59pm. 1,652 Views

Real Estate Austin Texas: Real Estate in austin texas has been softer than 2007 but there are still a lot of homes selling. Austin texas luxury real estate has also slowed down a bit compared to last year.  Commercial real estate austin texas has also slowed down in 2008 but not as much as residential.  Austin Texas commercial real estate remains strong for the most part.  Austin Texas area real estate is not fairing a badly as the rest of the country due to the credit crisis.  If you need an Austin real estate agent or an Austin Texas realtor, there are plenty of Austin area realtors and properties.  There is Austin area homes on acreage for sale, austin homes for sale, and other quality homes in Austin Texas for sale.  Austin Texas commercial real

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