Low Inventory Still Causing Record Low Sales

April 18, 2015 by · Leave a Comment 

The Austin housing market is experiencing a crisis of sorts as we ride into the Spring selling season, typically the most active time in our market. Record low inventory is wreaking havoc in our market as population growth and demand in Austin outpace the number of available properties. Buyers are fighting for properties in almost […]

March Real Estate Market Report

March 16, 2015 by · Leave a Comment 

Spring is here in Central Texas, and the real estate market in Austin is already in full swing. Home sales in January and February exceeded those in the same time period for the last seven years. With still fewer than 5000 single family homes actively on the market, demand is still outpacing the supply.   […]

Austin Real Estate Market Report for February 2015

February 16, 2015 by · Leave a Comment 

The Austin real estate market started 2015 with higher listing inventory, higher pending sales and higher home sales than this time last year. With 19.4% more of homes on the market this year than last year at this time, this is good news for many home buyers who’ve been competing with multiple offers and rising […]

Real Estate Appraisal Rules Change Again

February 12, 2015 by · Leave a Comment 

On January 26, 2015 new appraisal rules went into effect that will likely delay residential real estate closings. The new FNMA/FLMC required appraisal review system called “Collateral Underwriting” (CU) is an automated system where appraisers must submit their appraisals for review. For the past 5 years, lenders have had to upload the appraisals to this […]

Austin Real Estate Market Still Brisk in 2015

January 15, 2015 by · Leave a Comment 

The Austin real estate market continues to be one of the healthiest in the country. Our January Market Report, a compilation of last year’s numbers, shows the statistics by price range and zip code so you can check out your particular neighborhood and price range.  Although there are 7.45% more homes on the market now […]

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