Comments on: Austin Real Estate Stats May 2008

By: Ann

Ann — Sat, 18 Apr 2009 16:54:50 +0000

Our level is really down in Las Vegas and in 2008 it was the worst down turn. But you have to keep in mind that Las Vegas Re went up like crazy in such a short period of time.

By: austin_mls realtor

austin_mls realtor — Sun, 27 Jul 2008 12:12:36 +0000

I think the real estate market always reflects the job market. Our unemployment level is about 3.5% and retail outlets are opening at a fast pace creating new jobs as companies move here and Austin companies expand. Jobs bring in people, and people buy homes.

By: Eric Bramlett

Eric Bramlett — Fri, 25 Jul 2008 13:38:19 +0000

@John Allen – our local board puts together these graphics, and I just repost them.

@Letting Agents – yes, our rental market is booming. We’re going to see a much needed influx of rental units this year, which will help relieve the rental prices.

By: John Allen

John Allen — Fri, 25 Jul 2008 12:05:44 +0000

Eric – What type of software are you using to create the jpg of your market stats? Is that from your MLS system?

We’ve got a pretty sophisticated MLS (mlxchange), but it does not allow us to create web-friendly stats images. I’d like to start creating similar images for Sarasota real estate market statistics.

By: Letting Agents Southampton

Letting Agents Southampton — Fri, 25 Jul 2008 10:31:50 +0000

The housing market in the UK is down at the moment and it looks llike we are on the verge of a recession! which is not good news! We howevere have seen an increase on the rental side of the market, how is your rental side in the US?

By: Joey Standford

Joey Standford — Wed, 23 Jul 2008 11:20:54 +0000

Thanx for the update, I live in Chicago and thinking about moving to another state. The market is really unforgiving here.

By: andrew reicheki

andrew reicheki — Sat, 19 Jul 2008 16:09:18 +0000

Thats the one great thing about living in Texas right now. The market seems fairly strong compared to other parts of the nation. Houston is still very steady. We keep accumulating more and more people who realize our economy here is strong.

By: Sam Dodd

Sam Dodd — Thu, 17 Jul 2008 18:01:46 +0000

Those aren’t bad numbers at all. You should be happy you aren’t in the Las Vegas market!

By: Marketing Editor

Marketing Editor — Mon, 14 Jul 2008 15:46:16 +0000

Perhaps the bottom has been reached in spite of Fanny Mae / Freddy Mac problems.
If foreclosures are on the decline, stock is declining (perhaps a contrarian view – there are less people willing to sell at today’s prices!), then perhaps signs are emeging ot a bottom!
If the availability of mortgage funds do not shrink, then better times could be around the corner.

By: HIPS

HIPS — Wed, 02 Jul 2008 13:31:47 +0000

Those are pretty impressive stats in the current climate. Seems as if you are bucking to overall trend.

So do you feel the market has now reached the bottom?