Posts Tagged ‘austin real estate news’

23 January

Austin Real Estate News: Summary Link

Posted by Tom Bates

 

Here is a good way to keep up with Austin real estate news from the Austin Statesman and Austin Biz Journals…this URL will update Austin real estate articles from both websites.  Enjoy!

Austin real estate news

 
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17 October

Austin Real Estate on the Rise

Posted by Tom Bates

 

Austin real estate continues to sizzle.  Here is a good article from Shonda Novak at the Austin Statesman:
http://www.statesman.com/news/business/real-estate/austin-home-sales-sizzle-in-august-expected-to-sta/nSLYR/

Austin real estate by the numbers:

Austin real estate by the numbers:
2,397: Number of single-family homes sold in the Austin area in August
$212,000: Median home price, up 6 percent over August 2011
21 percent: Increase in home sales compared with last year’s figure
2,207: Number of home sales pending closure

Austin Real Estate News: Austin Homebuilder confidence reaches 6-year high

http://www.bizjournals.com/austin/news/2012/10/16/homebuilder-confidence-reaches-6-year.htmlAustin Business Journal by Jeff Clabaugh, Broadcast/Web Reporter Date: Tuesday, October 16, 2012, 12:13pm CDT

The National Association of Home Builders said its builder confidence index rose for the sixth consecutive month in October, gaining one point to 41.

Confidence among the nation’s homebuilders rose to its highest level since June 2006.

The National Association of Home Builders said its builder confidence index rose for the sixth consecutive month in October, gaining one point to 41.

Even so, any reading below 50 indicates more builders still view sales conditions as poor rather than good.

“Many builders are reporting increases in the number of serious buyers visiting their sales offices, and the overall confidence measure is much higher than it was at this time last year,” said the association’s chairman, Barry Rutenberg. “The concern is that, even though demand for new homes is rising, overly tight credit conditions are still constraining new building and new purchases.”

The biggest increase in the NAHB’s monthly survey of its members came in measuring traffic of prospective buyers, rising 5 points to its highest level since April of 2006.

An Austin-based homebuilding organization and advertising agency GSD&M are collaborating on a multimillion-dollar national consumer campaign to convince homebuyers across the country to buy new rather than buying a resale home.

 
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15 March

Market is turning around

Posted by Tom Bates

 

This year is starting out a lot different than the last two years. In the past 12 days I’ve had 2 multiple offers situations (both of which went over list price), had one stubborn lot seller stuck on full-price, and another downtown Austin condo stuck on full price.  Kind of nuts to see so much seller’s market activity in such a strong buyer’s market….begs the question: Is the market turning around in Austin?

 
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