Author Archive for Austin Real Estate Blog
Mortgage Rates Plunge Below 5% - But Does it Help Investors?
Closed Published by Austin Real Estate Blog November 26th, 2008 on Austin Real Estate BlogFrom my Daily Realtor news feed:
Mortgage rates declined Tuesday after the Federal Reserve said it would spend $600 billion to support the mortgage securities market.
Rates fell to 4 7/8 percent, a 1 1/8 percentage point decline. David Beadle, president of BestInfo, said it was the sharpest one-day decline since 1988.
“I …
Using Twitter as a Focusing and Productivity Tool
Closed Published by Austin Real Estate Blog November 21st, 2008 on Austin Real Estate BlogI wrote recently about Social Media tools and whether they can aid and assist Realtors in selling homes and acquiring leads. I am skeptical of whether these tools, such as Facebook and Twitter, provide a sufficient return relative to the time invested in using them.
Well, I had enough feedback and …
Austin Rental Market Update - Oct 2008
Closed Published by Austin Real Estate Blog November 20th, 2008 on Austin Real Estate BlogAt my monthly Property Manager’s luncheon yesterday in Austin, the general consensus among the 30+ property managers in attendence was that the leasing market has taken a nose dive since September. The number of renter calls has really slowed down. One manager remarked “I keep calling my own phone to make …
Austin Real Estate Market Update - Oct 2008 Sales
Closed Published by Austin Real Estate Blog November 17th, 2008 on Austin Real Estate BlogThe number of residential single family home sales in Austin took a 28% dip for Oct 2008 compared to a year ago. The number of “Not Solds” (expired or withdrawn) took a big jump also, to 59% of all listings that departed the Austin MLS in October. These are grim …
Redfin Abandoning Failed Model and Moving Toward Traditional Services
Closed Published by Austin Real Estate Blog November 16th, 2008 on Austin Real Estate BlogThe discount Broker Redfin, which I follow with interest even though it doesn’t serve Austin, looks like it’s making yet another move toward traditional real estate services. Rather than facilitating the wholesale disintermediation of the traditional Realtor, Redfin instead continues to adopt more and more of the traditional Realtor approach …
Social Media and the Real Estate Business
Closed Published by Austin Real Estate Blog November 6th, 2008 on Austin Real Estate BlogI was surpised this morning to see “Steve and Linda Crossland” featured as “Blogging Agents” on the Business front page of today’s Austin American Statesman. I’ll be calling Sylvia “Linda” for the next few days, until she has enough of it and threatens me with disaffection. We were not contacted …
I Voted Today, Amongst Grim Austin Faces
Closed Published by Austin Real Estate Blog October 28th, 2008 on Austin Real Estate BlogToday between placing a lockbox on a property and picking my daughter up from school, I had about 75 minutes to kill and no productive way to use that time, until I realized I was driving past the Randalls at Brodie and Slaughter Ln. in Southwest Austin. This, I had …
The true, honest to goodness, Sold to List price ratio for Austin
Closed Published by Austin Real Estate Blog October 28th, 2008 on Austin Real Estate BlogI noticed something interesting when I was previewing listings yesterday in Austin Lake Estates. Several homes were priced currently at more than $20K below the original list price (which appears at the bottom of the agent listing printout). This made me start wondering about how accurate our reported sold/list price …
Austin Sales Market Stats by MLS Area - Sept 2008 YTD
Closed Published by Austin Real Estate Blog October 21st, 2008 on Austin Real Estate BlogBelow are the YTD Sept 2008 stats for Austin homes sales, broken out by MLS area as compared to 2007 sold stats.
Here is a quick summary, the full chart is below.
Number of Sales
Of the 42 MLS areas tracked, the number of sales decreased in 41. Only the UT area had …
Austin Real Estate Market Update - Sept 2008
Closed Published by Austin Real Estate Blog October 14th, 2008 on Austin Real Estate BlogSeptember Austin real estate stats are below. Average and median prices are doing what they’ve been doing most of the year, which is treading water, trending down somewhat, but most notable is that the expired and withdrawns continue to rise, and for September moved past the 50% mark, meaning over …