In a housing market like Austin where one in three home listings (per the MLS) fails to sell despite local economic indicators looking good, is University Hills faring any better? It’s certainly a different picture to the one six months ago where the number of foreclosed homes was bringing down Read more…
The US foreclosure rate at the end of 2011 is still somewhat high in my opinion 1 in every 563 housing units received a foreclosure filing notice in October 2011. How is Texas doing? The same measure was just 1 in 988 housing units in the same period, which is Read more…
Lots over $1m in Austin are in good supply right now, which is great news for land buyers. Here are a few statistics I pulled from the Austin MLS for lots that were listed for sale since the start of 2010: Under contract: 2 lots For sale: 38 lots Sold Read more…
The housing market in University Hills was under my microscope this morning. Is this somewhere that investors and buyers should be looking right now? The image below shows the currently active homes under $170,000. The red arrow means a price drop which has happened in 11 out of 17 active Read more…
If you look at the housing market in University Hills in East Austin, you’ll see that house prices span a wide range. There are foreclosed homes in the $120,000 range, and remodeled homes in the $250,000 and up range, with one home on Bradley Drive listed at $325,000. Why is Read more…
East Austin – You wouldn’t build a home without first putting down a solid foundation would you? It’s a phrase people bandy about with reckless abandon to illustrate their points about putting the groundwork in first. And in East Austin Realtor circles, and those who know University Hills in particular, Read more…