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Austin Rental Market - June 2007 Update - 07/29/07 04:57 PM
Rents continue increasing overall in Austin, as the number of homes rented drops. The average leased price of a home in Austin for June 2007 is $1364 per month, up 7.5% from $1269 in June of 2006. Average days-on-market for homes rented in June 2007 was 41 days. The median days on market was 28 days, which means half of all homes listed in the Austin MLS for rent were leased in less than 28 days. We are clearly moving back into a solid Landlord's market. Below is a graphical representation of Austin's rental market history from 1999 to June 2007. It's (1 comments)
Austin Real Estate Market Sales Stats - June 2007 Update - 07/29/07 01:23 PM
Below are the June 2007 and YTD mid-year real estate sales stats for Austin and surrounding areas. These are for single family homes, condos are not included. The most interesting thing to me on the first chart below for June sales is that the median days on market is 28 days. That means half of all homes listed in the Austin MLS sell in less than 28 days. That's outstanding. The Average days on market for June was 56 days, which is also very good. Austin is really a city of many sub-markets, as the breakout by MLS area below shows. (0 comments)
Why you should register YourName.com - 07/07/07 06:02 PM
A Realtor friend of mine, from a city and state which shall remain unnamed, called me the other day to ask if I knew what could be done about the fact that a disgruntled party in one of his deals (not his client) had registered the dot com of his first and last name and put up a "this Realtor Sucks" website. He called me because he knows I know a lot about this stuff. Unfortunately, all I could suggest was contacting an attorney. Once that domain is registered by someone else, he has no control over the content of the website. (9 comments)
Quick-turning an Austin rental home - pros and cons - 07/07/07 02:01 PM
I moved two new renters in on Sunday July 1st. Both moved into homes that had been vacated by tenants with leases ending Saturday June 30th. There are all manner of things that can go wrong with such a tight turnaround, especially on a weekend. Nevertheless, I've always been a proponent of quick-turning a rental unit whenever possible. The most I ever did was 12 next-day turnovers on May31/June1 back in the year 2000. That was pure madness, and I was still out checking up on the properties, painters and my carpet people at 1AM on the 1st. It didn't go (0 comments)
The Home Warranty Clause and how it works in a Real Estate Sales Contract - 07/07/07 01:57 PM
Some years ago, our Texas Association of Realtors Sales Contract for Homes was changed to include a fill-in-the-blank spot where the Seller can contribute a certain amount of money toward the Buyer's purchase of a Residential Service Contract (commonly called a Home Warranty), such as those offered by American Home Shield. The clause in the sales contract reads as follows: RESIDENTIAL SERVICE CONTRACTS: Buyer may purchase a residential service contract from a residential service company licensed by TREC. If Buyer purchases a residential service contract, Seller shall reimburse Buyer at closing for the cost of the residential service contract in an amount not (3 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.