Foreign purchases of American homes plunge 36% as Chinese buyers flee the market

Managing Real Estate Broker with Keller Williams Lake Travis TREC # 0524744

In my market of Austin TX and Lakeway TX, I am also seeing a big drop in foreign purchasasof single home properties. The Austin MLS was off 33% month over month this month of single home residances. Our pricing is on the riase only because we do not have the inventory to support the the demand.

Austin TX Months Supply

And thien if you look at the sales and pendings, you can really see how the market is retracting in Austin TX and the Lakeway area. This chart only shows my MSA of Lakeway TX and the Lakeway MLS area of Lake South

Lakeway Real Estate Sales Data

So, what are you seeing in your market and are you seeing the same thing? 

You can read the entir story here:


Posted by
Chat: Google Talk: DanFrankTX Skype: DanFrankTX




This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
ActiveRain Community
Texas Travis County Lakeway
Texas Real Estate
Posts to Localism
All Thing's Texas
Market Reports
real estate market
keller williams
real estate expert
lakeway homes for sale
lakeway tx
real estate in lakeway

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Danny Frank

The Lakeway Real Estate Expert
Ask me a question
Spam prevention

Additional Information