The Austin Board of Realtors say that median home sale prices have risen by 13 per cent year-over-year and the average price has risen 14 per cent. Since the two measures are close in number, in essence it means individual houses are becoming more expensive to buy. It’s only when Read more…
Texas is a non-disclosure state, so the sales price of a home is a closely guarded secret – known only to agents, appraisers, banks and not even the local taxing authorities were privy to the data. So how can you protest your home’s valuation based on comparable sales? Let’s take Read more…
If you saw the Trulia headline that said Austin Homes are overvalued by 19%, you might be a little anxious – especially if you’re considering a purchase or have recently purchased. No-one wants to buy something that will potentially be worth four fifths of what they paid for it in Read more…
I was chatting to an agent a few days back who was convinced that the extreme sellers’ market in Austin was coming to an end. Is it true? Do we have inventory piling up? Her claim was that we were seeing price reductions throughout the central part of the city Read more…
I read an article a few weeks back in the Wall Street Journal about selling real estate as a career, and one thing that stuck out to me was the quote from the senior vice president of a large real estate brokerage, Laura Ellis: “We do not see the part-time Read more…
If you’re in two minds whether to buy a single or multiple story home here in Austin, you might want to consider some interesting statistics that I unearthed while I was researching home sales in the Multiple Listing System (MLS) for a client yesterday. They had asked – what sells Read more…