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austin home builders: Austin Texas Real Estate Market Update: Rebound in 2009 - 06/25/08 12:51 PM
The buying season heated up in Central Texas in May according to the Austin Board of REALTORS® Multiple Listing Service (MLS) May 2008 sales report.  Single-family home sales in May are up slightly over April 2008 numbers, when 1,981, homes sold. Homes are spending fewer days on the market and overall, the real estate market continues to reflect conditions similar to those of 2005, before the unusual boom in 2006.
Take a look at May single family sales statistics compared to 2007:
No matter which city you live in, inventory is still high. Still, Texas is fairing better than the rest … (2 comments)

austin home builders: Why Central Austin Lot Values Could Drop By 50% Tomorrow - 05/14/08 11:34 AM
If you own or recently purchased a lot in Austin with the intent to build more than one unit or a duplex, throw your current plans away. A crucial City Planning Commission vote tomorrow could drop some Central Austin land values by at least 50%.
For background, the Austin City Planning Commission reviewed changes to city design standards through a task force. The Residential Development Standards Task Force first met December 2007 and briefed Austin City Council in February.
Most guidelines are well-received, but one in particular may negatively impact Austin duplexes and infill lots, especially in East and Central Austin.
… (2 comments)

 

Dee Copeland, Principal Broker

Austin, TX

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Copeland Group Realty

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