Austin Real Estate | Lake Travis Real Estate

The Real Estate Center at Texas A&M came out with its 2008 Market Overview for major metro areas in Texas.  This is for the Austin MSA, which includes Bastrop, Caldwell, Hays, Travis and Williamson Counties.  Cities included are Austin, Cedar Park, Georgetown, Leander, Lockhart, Pflugerville, Round Rock, San Marcos and Taylor.  ...

As I sit this morning after having read the newspaper, I am reflecting on how Austin’s economy and housing market are doing compared to back in 2001.  That was when our tech-heavy economy went in the tank after the national tech bubble burst.  That also caused the area’s housing market to take a big hit.That was a time during ...

The Austin area had a 2% decline of home sales in July.  We are also down 2% for the year compared to 2006, which was a record setting year.  Is this a cause for concern?  I don't think so.  The tightening of requirements for buyers to get a loan probably has a lot to do with this.  The fact that Austin's real ...

The Austin American Statesman had an article today about how cool June was for home sales in Austin.  Home sales in June were down 6% compared to June, 2006.  Is that a problem or a sign of things to come?  I don't think so.  June, 2006 saw a increase on home sales 22% compared to June of 2005.  That was a huge spike ...

Sales of Austin homes are a bit flat compared to last year.  Last year was a hot year in terms of home sales.  Austin had more homes sold than any year prior to 2006.  The rate of appreciation was quite good in most areas.  The number of homes listed dropped throughout the year and the average days on market for homes sold in ...

The 2007 economic outlook looks bright.  According to the National Association of REALTORS® (NAR), the country is expected to see a lower rate of inflation, a dip in GDP and about a 10th of a percent increase in the unemployment rate.  NAR economists also project an average of 6.6% rate for a 30 year, fixed mortgage.  They ...

Looking back at the median price of homes in the Austin area, 2005 and 2006 were quite strong compared to the three previous years.  In 2002, the median price for a home sold in Austin was $157,500.  It dropped in 2003 and again in 2004.  Years 2005 and 2006 have seen the median price jump to $163,000 and $174,000 ...

I’ve talked about jobs before and I’ll talk about them again and again.  Jobs drive the real estate market.  Healthy job growth usually leads to a healthy real estate market.  That is exactly what is happening in the Austin area.  Defined, the Austin area I am talking about is the Austin MSA, which is made up of ...