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Austin Real Estate Unemployment Rate Increases Slightly, Number of Austin Homes Sold Still Down, Austin Home Prices Still Up For the Year

June 21, 2008

The May 2008 unemployment numbers have arrived from the Texas Workforce Commission! The updated numbers show that the Austin Texas unemployment rate increased from 3.3% in April 2008 to 3.7% in May 2008, which represents an increase of 3,400 unemployed people in Austin between April and May 2008.   When comparing May 2008 to May 2007,Read More

What Do Current Market Statistics Mean for Austin Home Buyers?

June 19, 2008

Comparing June 1-18 of 2007 versus 2008, Austin home prices are down 1.5%, there is a 41% decline in the number of homes sold, and a 34% increase in the number of homes withdrawn from the market.  There are a lot of home owners in Austin that would like to sell, but in general onlyRead More

So Far in June, Sold Prices for Austin Texas Homes for Sale Decrease!

June 19, 2008

Although we are only 18 days into June 2008, I’m a bit disappointed to see that the average and median price of homes sold in Austin Texas from June 1-18, 2008 have decreased by 1.9% and 1.5% respectively compared to the same time period during 2007.  While this is not a large percentage decrease inRead More

Austin Texas Neighborhood Ridge At Lantana Featured In New Robert Rodriguez Movie Called Shorts!

June 13, 2008

It was quite a surprise to see Robert Rodriguez and his car parked in front of my house on Monday.  He was in the midst of filming his newest movie called Shorts, a family film about a rock that grants wishes to those in possession of its powers.  The result is a small town calledRead More

Ridge at Lantana Market Update 6/10/08

June 10, 2008

According to the Austin Board of Realtors 4 homes have sold in the Ridge at Lantana since January 1, 2008 averaging $128 per square foot, a 3.8% average price reduction compared to the 6 homes sold during Oct. & Nov. of last year.  Currently, there are 18 active listings averaging $136.88 per square foot askRead More

Austin Real Estate Unemployment Low, Austin Home Prices Increase, Number of Austin Homes Sold Down

June 8, 2008

According to the Texas Workforce Commission, the Austin Texas unemployment rate decreased from 3.7% in March 2008 to 3.3% in April 2008.  May 2008 results have not been released yet.  This represents a decrease of 3,000 unemployed people in Austin between March and April.   When comparing April of 2007 to April of 2008, there were 1,100Read More

Austin Real Estate Market Update May 2008 – Sell NOW with Prices on the Rise!

June 2, 2008

While Austin residential real estate home prices continue to rise slowly, the number of homes selling in Austin is down substantially and it seems to be getting worse each month.  So if you need to sell your home, NOW is a good time with prices still on the rise for Austin homes.  With that said,Read More

WILL COMMUTER RAIL BE GOOD FOR AUSTIN TEXAS REAL ESTATE

May 30, 2008

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 alwaysRead More

AUSTIN REAL ESTATE: HOW MUCH HOUSE FOR YOUR MONEY?

May 25, 2008

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 priceRead More

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

May 23, 2008

“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 ofRead More