March 19, 2009 -According to the February 2009 Multiple Listing Service report by the Austin Board of REALTORS® (ABoR), the Austin-area home sales volume remains down year-over-year, but home prices have risen compared to February 2008.
The median price of a single-family home in Central Texas was $189,900, up five percent from February 2008. There were 1,116 single-family homes sold in February 2009, a 28 percent decrease as compared to one year ago. Collectively, sales in February 2009 contributed $271,048,500 to the local economy.
"These statistics demonstrate how Austin-area home prices have held steady and continue to … (0 comments)
Austin area real estate volume down, prices remain stable Austin Board of REALTORS® releases December 2008 real estate statistics
January 20, 2009 - According to the December 2008 Multiple Listing Service report by the Austin Board of REALTORS® (ABoR), the volume of single-family home sales was down last month 21 percent compared to December 2007. However, prices in Central Texas remain stable, with the median price down by only four percent compared to December 2007, underscoring the long-term strength of Austin's real estate market.
According to ABoR Chairman Jay Gohil, "Austin is feeling the effects of the … (2 comments)
home buyers: Down Payment Assistance -Gone as of October 1st!
- 09/05/08 11:14 AM
A key provision of the new housing stimulus is set to take effect Oct. 1, and its impact will be felt by both homebuyers and builders. Under the provision, FHA can no longer insure mortgages in which the down payment comes directly from the seller or other interested party. According to the National Association of Realtors (NAR), down payment assistance from family members, government programs or charities that are not seller funded is still permitted. David Zugheri, cofounder of Houston-based First Houston Mortgage, said seller-funded down payment-assisted FHA loans have a high default rate, and he sees the new provision as a good thing. … (6 comments)
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