From Austin Business Journal, February 19, 2009...
Single-family home sales and median home prices in the metro area both fell in January, compared with the same month last year, according to a report from the Austin Board of Realtors.
In January, 834 single family homes sold, a 36 percent decrease from January 2008. Median home prices for the month were $175,500, down 6 percent from the same period last year, and roughly equivalent to the median price in January 2007, which was $175,000.
Read more...
Showing posts with label Real Estate. Show all posts
Showing posts with label Real Estate. Show all posts
Tuesday, February 24, 2009
Saturday, December 27, 2008
Developer backs out of major Bastrop project
From Austin Business Journal, December 19, 2008...
A tract in Bastrop long slated to hold more than 1 million square feet of retail may have a different future.
Houston-based Weingarten Realty, which in May optioned 147 acres at the corner of State Highway 71 and County Road 304, has backed out of its contract, landowner Tom Brundage said. The land is still on the market, but Brundage is not pursuing potential retail buyers in the near future.
Read more...
A tract in Bastrop long slated to hold more than 1 million square feet of retail may have a different future.
Houston-based Weingarten Realty, which in May optioned 147 acres at the corner of State Highway 71 and County Road 304, has backed out of its contract, landowner Tom Brundage said. The land is still on the market, but Brundage is not pursuing potential retail buyers in the near future.
Read more...
Existing home sales dive 40 percent in November
From statesman, December 19, 2008...
Sales of existing homes in Central Texas plunged 40 percent last month, the largest decline on record, as the recession and credit crunch arrived full force in Austin.
The 990 sales were the lowest number for November since 1997, according to the Austin Board of Realtors.
And the median price fell 3 percent, the first drop in four years.
Real estate experts don't expect next year to be any better.
Read more...
Sales of existing homes in Central Texas plunged 40 percent last month, the largest decline on record, as the recession and credit crunch arrived full force in Austin.
The 990 sales were the lowest number for November since 1997, according to the Austin Board of Realtors.
And the median price fell 3 percent, the first drop in four years.
Real estate experts don't expect next year to be any better.
Read more...
Friday, December 12, 2008
Texas foreclosures down in November
From San Antonio Business Journal, December 11, 2008...
Texas’ real estate foreclosures declined during the month of November, and also are down compared with the same month last year.
According to a November report released Dec. 11 by Irvine, Calif.-based RealtyTrac, a total of 7,843 homes in Texas entered the foreclosure process, a 20 percent drop from October 2008 filings. This is a 32 percent decline from the number of Texas filings in November 2007.
Read more...
Texas’ real estate foreclosures declined during the month of November, and also are down compared with the same month last year.
According to a November report released Dec. 11 by Irvine, Calif.-based RealtyTrac, a total of 7,843 homes in Texas entered the foreclosure process, a 20 percent drop from October 2008 filings. This is a 32 percent decline from the number of Texas filings in November 2007.
Read more...
Saturday, November 29, 2008
From small town to boom town
From statesman, November 28, 2008...
At least one area in Central Texas is thriving these days despite the real estate slowdown: Liberty Hill, the small town just north of Cedar Park and Leander.
In fact, Liberty Hill is in the only real estate zone in Travis, Williamson, Bastrop and Hays counties where more homes have sold this year than last. Through October, 150 homes have sold there, with a median price of $217,000. That compares with 112 homes sold through October 2007, with a median price of $229,840.
Read more...
At least one area in Central Texas is thriving these days despite the real estate slowdown: Liberty Hill, the small town just north of Cedar Park and Leander.
In fact, Liberty Hill is in the only real estate zone in Travis, Williamson, Bastrop and Hays counties where more homes have sold this year than last. Through October, 150 homes have sold there, with a median price of $217,000. That compares with 112 homes sold through October 2007, with a median price of $229,840.
Read more...
Friday, October 24, 2008
Texas home foreclosures dip in September
From Austin Business Journal, October 23, 2008...
Texas’ real estate foreclosure numbers are down for the month of September and for the third quarter, compared with the prior quarter.
According to the September report compiled by Irvine, Calif.-based RealtyTrac, over the month of September, a total of 9,193 homes in Texas entered the foreclosure process — a 15.4 percent decline from the volume of filings posted in August 2008.
Even more impressive, the September 2008 numbers mark a 37.4 percent decline from the number of filings posted in Texas over the course of September 2007.
Read more...
Texas’ real estate foreclosure numbers are down for the month of September and for the third quarter, compared with the prior quarter.
According to the September report compiled by Irvine, Calif.-based RealtyTrac, over the month of September, a total of 9,193 homes in Texas entered the foreclosure process — a 15.4 percent decline from the volume of filings posted in August 2008.
Even more impressive, the September 2008 numbers mark a 37.4 percent decline from the number of filings posted in Texas over the course of September 2007.
Read more...
Friday, October 3, 2008
Austin, Texas America's fastest real estate market
From merinews, October 3, 2008...
ZIP CODE 78749 in Southwest Austin is one of the few places in the United States where the real estate market is robust and booming. Recently ranked second in a Business Week magazine study on the fastest selling US zip codes, homes in this high-end neighborhood were second to only Sunnyvale, California.
Austin real estate brokers are positive about the implications such market behaviour will have on Austin, TX real estate, especially for sellers. Interviewed by Business Week magazine Jay Carter, a veteran realtor with Living in Austin says, "This truly is one area of the Austin real estate market where sellers are still in control."
Read more...
ZIP CODE 78749 in Southwest Austin is one of the few places in the United States where the real estate market is robust and booming. Recently ranked second in a Business Week magazine study on the fastest selling US zip codes, homes in this high-end neighborhood were second to only Sunnyvale, California.
Austin real estate brokers are positive about the implications such market behaviour will have on Austin, TX real estate, especially for sellers. Interviewed by Business Week magazine Jay Carter, a veteran realtor with Living in Austin says, "This truly is one area of the Austin real estate market where sellers are still in control."
Read more...
Monday, September 22, 2008
Austin home sales down 20% in August
From KVUE, September 18, 2008...
Austin's real estate market is slowing down -- but values are holding steady.
Numbers released Thursday by the Austin Board of Realtors show home sales dropped 20 percent in August compared to August of last year. In August 2008, 1,992 homes were sold in Austin.
The median home price went up 2 percent to $195,000.
Read more...
Austin's real estate market is slowing down -- but values are holding steady.
Numbers released Thursday by the Austin Board of Realtors show home sales dropped 20 percent in August compared to August of last year. In August 2008, 1,992 homes were sold in Austin.
The median home price went up 2 percent to $195,000.
Read more...
Wednesday, August 20, 2008
Darker days forecast for Austin real estate
From statesman, August 19, 2008...
Job growth in Central Texas is expected to slow to 1.1 percent between now and August 2009. New-home construction won't pick up until the fall of 2009. And don't look for any major new commercial building until 2010.
That's the forecast of Mark Dotzour, chief economist and director of research at the Texas A&M Real Estate Center, who spoke to 900 people at the Real Estate Council of Austin's annual economic forecast event Monday.
Although not all doom and gloom, the forecast differed substantially from Dotzour's speech last year, when he predicted 3.5 percent job growth for Central Texas this year, ahead of the rate for Texas and the nation.
Read more...
Job growth in Central Texas is expected to slow to 1.1 percent between now and August 2009. New-home construction won't pick up until the fall of 2009. And don't look for any major new commercial building until 2010.
That's the forecast of Mark Dotzour, chief economist and director of research at the Texas A&M Real Estate Center, who spoke to 900 people at the Real Estate Council of Austin's annual economic forecast event Monday.
Although not all doom and gloom, the forecast differed substantially from Dotzour's speech last year, when he predicted 3.5 percent job growth for Central Texas this year, ahead of the rate for Texas and the nation.
Read more...
Monday, July 28, 2008
Forbes names Austin area No. 2 city in nation for buying a new home
From Hill Country News, July 28, 2008...
Texas continues to shine like the lone star it is when it comes to building new homes. Thanks to suburban areas like Cedar Park and Leander, the Austin metropolitan area was recently named the second-best place to build a new home in the country.
Houston, which is going through a revived economic boom, topped the list. San Antonio made the list at No. 5 and Dallas was No. 6. According to the report on Forbes.com, having a business-friendly tax environment and many large corporations combined with lower monthly mortgage payment contributed to the high rankings.
Read more...
Texas continues to shine like the lone star it is when it comes to building new homes. Thanks to suburban areas like Cedar Park and Leander, the Austin metropolitan area was recently named the second-best place to build a new home in the country.
Houston, which is going through a revived economic boom, topped the list. San Antonio made the list at No. 5 and Dallas was No. 6. According to the report on Forbes.com, having a business-friendly tax environment and many large corporations combined with lower monthly mortgage payment contributed to the high rankings.
Read more...
Monday, July 21, 2008
Austin area home sales down 18% from last year
From Austin Business Journal, July 21, 2008...
Single-family home sales in the Austin region are down 18 percent so far this year, according to the latest MLS figures from the Austin Board of Realtors.
Through the first six months of 2008, 10,891 homes were sold. In June alone, 2,211 homes sold, down 20 percent from June 2007.
Read more...
Single-family home sales in the Austin region are down 18 percent so far this year, according to the latest MLS figures from the Austin Board of Realtors.
Through the first six months of 2008, 10,891 homes were sold. In June alone, 2,211 homes sold, down 20 percent from June 2007.
Read more...
Saturday, July 19, 2008
Market Data Cedar Park and Leander MLS area - July 2008
From Impact News, July 18, 2008...
Real estate market data and key statistics for the Cedar Park and Leander Multiple Listing Service Area
Read more...
Real estate market data and key statistics for the Cedar Park and Leander Multiple Listing Service Area
Read more...
Real Estate Market Data - Georgetown, Taylor, and Hutto
From Impact News, July 11, 2008...
Real estate market data and key statistics for the Georgetown, Hutto, and Taylor Multiple Listing Service Areas.
Read more...
Real estate market data and key statistics for the Georgetown, Hutto, and Taylor Multiple Listing Service Areas.
Read more...
Thursday, July 10, 2008
Foreclosure data reveal troubling trend
From statesman.com, July 9, 2008...
In more evidence that the national housing troubles are hitting Central Texas, one of every 133 homes in Travis County was posted for foreclosure in the first six months of the year — compared with one in 265 homes in 2001.
The same trend prevailed in Williamson County, where one of every 95 homes was posted for foreclosure this year, compared with one in every 225 homes in 2001.
Read more...
In more evidence that the national housing troubles are hitting Central Texas, one of every 133 homes in Travis County was posted for foreclosure in the first six months of the year — compared with one in 265 homes in 2001.
The same trend prevailed in Williamson County, where one of every 95 homes was posted for foreclosure this year, compared with one in every 225 homes in 2001.
Read more...
Tuesday, July 1, 2008
Austin area home starts rise but market still shaky
From Austin Business Journal, July 1, 2008...
New home construction starts in the Austin area rose 22 percent from the first to the second quarter, but building remains far below where it was this time last year.
Area builders started 2,814 homes in the second quarter, according to the latest report from Dallas-based Residential Strategies Inc. That's up from the 2,303 starts in the first quarter but down 19 percent compared with second quarter 2007.
Read more...
New home construction starts in the Austin area rose 22 percent from the first to the second quarter, but building remains far below where it was this time last year.
Area builders started 2,814 homes in the second quarter, according to the latest report from Dallas-based Residential Strategies Inc. That's up from the 2,303 starts in the first quarter but down 19 percent compared with second quarter 2007.
Read more...
Saturday, June 28, 2008
Softer real-estate market doesn't equal appraisal relief
From statesman.com, June 29, 2008...
Property owners confused, frustrated by system as values rise in Travis County.
Read more...
Property owners confused, frustrated by system as values rise in Travis County.
Read more...
Friday, June 27, 2008
Georgetown cited as one of the best places to buy an old home
From Austin Business Journal, June 27, 2008...
With its picturesque town square and multitude of quaint shops, Georgetown has long drawn Central Texas visitors and residents alike seeking a slice of small town life. But the Williamson County bedroom community may also be a perfect place to invest in a classic home.
The editors at ThisOldHouse.com recently named Georgetown one of the top 12 places in the country to buy an old house.
With help from PreservationDirectory.com, This Old House ranked historic cities and neighborhoods nationwide based on criteria such as architectural diversity, the craftsmanship of homes and preservation momentum in the area. Amenities such as walkability and neighborhood services also played into the choices.
Read more...
With its picturesque town square and multitude of quaint shops, Georgetown has long drawn Central Texas visitors and residents alike seeking a slice of small town life. But the Williamson County bedroom community may also be a perfect place to invest in a classic home.
The editors at ThisOldHouse.com recently named Georgetown one of the top 12 places in the country to buy an old house.
With help from PreservationDirectory.com, This Old House ranked historic cities and neighborhoods nationwide based on criteria such as architectural diversity, the craftsmanship of homes and preservation momentum in the area. Amenities such as walkability and neighborhood services also played into the choices.
Read more...
Sunday, June 22, 2008
Austin home sales may be gaining strength
From Austin Business Journal, June 20, 2008...
It's showing signs of a possible rebound, but the Austin home market remains sluggish.
Single-family home sales in the metro area totaled 2,154 in May, down 20 percent compared with May 2007, according to data from the Austin Board of Realtors. However, the May figure is the highest number of total sales the area has experienced in eight months.
Read more...
It's showing signs of a possible rebound, but the Austin home market remains sluggish.
Single-family home sales in the metro area totaled 2,154 in May, down 20 percent compared with May 2007, according to data from the Austin Board of Realtors. However, the May figure is the highest number of total sales the area has experienced in eight months.
Read more...
Real Estate Market Information
From Impact News, June 2008...
The Austin metropolitan area has experienced a rise in foreclosures, but the local real estate market remains relatively strong as one of the healthiest in the nation.
Read more...
The Austin metropolitan area has experienced a rise in foreclosures, but the local real estate market remains relatively strong as one of the healthiest in the nation.
Read more...
Subscribe to:
Posts (Atom)
Posts
