Austin’s Real Estate Market Report: September 2014

September 12, 2014 by · Leave a Comment 

As summer ends and fall begins, we are starting to see a change in the seasonality of the Austin real estate market. What has been a hot, hot, summer and actually a hot last two years of of real estate, defined by multiple offers, increased sales prices, low inventory and increased demand, has in the past […]

Austin Real Estate Market is Hotter than a Texas Summer

July 14, 2013 by · Leave a Comment 

oem software For the past five continuous months the overall real estate market has been a rare Extreme Sellers Market.  How rare?  In the prior 85 months, spanning 7 years, the Austin market has been in an Extreme Seller’s Market only three months, and all three months were in 2006. Demand remains strong as people continue […]

Interest Rates are on the Rise

May 30, 2013 by · Leave a Comment 

Ben Morton, Sr. Vice-President at Caliber Funding in Austin, reports a major swing in interest rates over the last 2 weeks. “Things have happened so fast; 200 bps movement in just over a week. The Fed has kept rates artificially low since early 2009 by purchasing mortgage backed securities. Bernanke has just announced that the government will […]

December Austin Real Estate Report – Brisk Austin Housing Market

December 11, 2012 by · Leave a Comment 

The Austin real estate market is brisk with a record number of home sales and even lower inventory than last month. • Days on the market is the lowest in 7 years • Highest pendings in 7 years • Lowest number of homes for sale in 7 years • Highest market absorption in 6 years […]

Market has peaked for the year, still mostly a Seller’s Market

August 15, 2012 by · Leave a Comment 

Austin is projected to add 600,000 people by 2020 and an additional 800,000 people by 2030. In 18 years metro Austin will reach 3 million people! This continuous population growth at the time of a major US recession combined with less than normal new construction has made Austin a “Sellers Market” for homes below $600,000. […]

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