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market: Austin market update September 07 - 09/19/07 04:55 PM
Take a close look at the numbers for the Austin market now. When I say close, I mean CLOSE! What's happening? Well, that depends.
Remember that any and all markets are made up of many sub-markets or even micro markets. Real estate is INTENSELY local. Also remember the old adage, there are three kinds of lies, 1. Lies, 2. Damn Lies, 3. Statistics. The last thing I'll ask you to remember is the purpose of the media and in particular the big national media outlets. If you think they're in the news business, you're wrong. They are in the business of … (3 comments)
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market: If the phone doesn't ring, it's me... - 07/27/07 01:05 PM
Thanks to Jimmy Buffett for writing that classic line. What's that sound you're not hearing? The lack of a warble out of your phone may be signaling the Austin market is changing. It was a week ago today that ABOR (Austin Board of Realtors) released numbers indicating that home sales FELL 6% in June for the first time in over 5 years.
In local mastermind groups that I belong to, the anecdotes that I'm hearing from other agents support the statistics. Listing inventory is up an has continuted to rise over the course of the summer which is pretty unusual. One title rep … (0 comments)
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market: Why the market in Austin is strong - 06/16/07 10:45 AM
Many factors come into play when looking at the long term viability of the area's housing market. Austin is fortunate to have one of the largest universities in the country located smack dab in the middle of the city. The city is consistantly ranked as one of the most desirable places to live, the best city for dating, the live music capital of the world, and many other honors.
These are all great things about our fair city, but the bottom line of what keeps our housing market humming is the economic engine. Austin's unemployment rate is at 3.2%, which is the … (0 comments)
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Maxwell McDaniel
Austin,
TX
More about me…
Austin A Plus Homes
Address: 7719 Wood Hollow, 102, Austin, TX, 78731
Office Phone: (512) 799-3296
Email Me
Representing Buyers, Sellers and Investors of real estate Austin TX.
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