Market Statistics 
There are currently 12 blog entries related to this category.
Foreclosure Rates Enjoying a Downward Trend
Thursday, January 21st, 2010 at 10:07am. 279 Views, 2 Comments.
A recent report released by RealtyTrac Inc, which is a foreclosure seller based in Irvine, California, has found that the national foreclosure rate has gone down by 8% in November when compared to the previous month. On the other hand, the housing market still has a long way to go before it can be considered recovered, as the foreclosure rate is still a disheartening 18% higher than it was just one year ago.
According to the report, which was released in November of 2009, there have been 306,627 foreclosure filings this year. This includes scheduled foreclosure auctions as well as…
Existing Home Sales Climb Throughout Texas
Tuesday, November 24th, 2009 at 4:19pm. 419 Views, 2 Comments.
News just in from the Texas Real Estate Center – A total of 19,347 existing single-family homes were sold in Texas last month, a 15 percent increase from October 2008, according to MLS data compiled by the Real Estate Center at Texas A&M University.
The median price rose 1 percent to $143,300 during the same period, and the state finished the month with a 6.9-month inventory of existing homes.
Here is how select Texas cities fared in October (data current as of Nov. 24, 2009):
Additional home sales data for these and other major Texas cities are available on the Center's…
Austin Housing Market Shows Improvement
Monday, August 3rd, 2009 at 12:49pm. 511 Views, 2 Comments.
Although Austin has been ranked by Forbes.com as the city that is most likely to experience the fastest economic turnaround, it doesn't mean the city is quite ready to proclaim that all is well. In fact, home sales still remain down year-over-year, but they are showing improvement when compared to earlier this year.
According to the Austin Board of Realtors, a little more than 1,700 homes were sold in May 2009, which is down by 19% when compared to May of 2008. In addition, the median price for single-family homes declined by 1% when compared to one year ago, resulting in a…
Austin’s Housing Decline Not as Severe as Other Housing Markets
Monday, June 15th, 2009 at 7:16pm. 1049 Views, 1 Comments.
Everyone knows that the housing market has been on the decline throughout the entire country, but according to research conducted by Metrostudy, the decline is not as rampant in the Austin area as it is in other parts of the country. In fact, when looking at the number of housing starts in the area, Austin is doing much better than other metro areas.
According to a report released by Metrostudy, Austin has actually experienced the smallest decline out of the 81 markets that were studied. Still, the Houston-based research group does acknowledge that the Austin area experienced a…
More Foreclosures on High-End Homes
Tuesday, June 9th, 2009 at 5:50pm. 498 Views, 0 Comments.
The current economic conditions have resulted in an increase in foreclosures around the country, but new data released by the Foreclosure Listing Service Inc. located in Addison has shown that the foreclosure on higher-end homes have seen the largest gain in Bastrop, Hays, Travis and Williamson counties.
Although foreclosures on homes valued at less than $200,000 are still responsible for the bulk of foreclosures within the Austin metro area - with 71% of foreclosed upon homes fitting within this price range - the number of higher end homes that have gone into foreclosure has…
New Home Starts Down in Austin
Tuesday, June 9th, 2009 at 5:44pm. 377 Views, 0 Comments.
According to Residential Strategies, Inc., new home starts continued to plunge within the Austin area during the first quarter of 2009. In all, the number of new home starts was only 1,215 during the first quarter this year, representing a 47% decrease when compared to the same quarter last year. This also drops the annual start rate to just 7,938, which is a far cry from the 17,128 annual starts seen in Austin during its third quarter peak in 2006. Closings in the first quarter were also down when compared to the first quarter of last year, with the total number falling to 2,145…
Austin Considered to be Low Risk for Home Price Correction
Thursday, April 9th, 2009 at 5:02pm. 1270 Views, 2 Comments.
While many housing markets throughout the country are experiencing a great deal of instability and projected housing process are looking grim for the next few years, a report released by PMI Mortgage Insurance Co. indicates that Austin is at a low risk for experiencing home price correction over the next two years.
In order to create its First Quarter 2009 Economic and Real Estate Trends Report, PMI Mortgage Insurance Co. analyzed a variety of different statistics, including employment rates, home price appreciation, excess housing supply, affordability, foreclosure activity and…
Southern United States Defies Housing Trends
Monday, September 29th, 2008 at 9:19pm. 1320 Views, 1 Comments.
Despite the general downward trend in the housing market throughout the United States, the Austin Business Journal reports that Texas and other southern states are managing to enjoy a slight increase in sales.
The Austin Business Journal sites a report released by the National Association of Realtors, which indicated tat the total home sales in the United States fell by 2.2% while home sales in the South have gone up by 0.5%. The data, which was gathered in August for the month of July, included a number of states considered to be in the South region. These include:
• …
Austin Housing Market Still Holding Strong
Wednesday, July 16th, 2008 at 7:58pm. 1055 Views, 0 Comments.
Although the housing market has slowed down a bit in Austin when compared to last year’s market, the city still continues to go strong when compared to other cities around the country. In fact, according to the Austin Business Journal, the construction of new homes in the area actually went up by 22% when comparing the first and second quarters of 2008.
According to Residential Strategies Inc, which is located in Dallas, area builders started construction on 2,814 homes during the second quarter this year. Despite being 19% less than the number of homes started in the first…
Austin Goes Against the Recession Trend
Thursday, May 29th, 2008 at 5:52pm. 1730 Views, 0 Comments.
Despite all of the talk of a recession and a troubled economy, you would have a difficult time seeing signs of trouble if you were to visit Austin. In fact, Austin has somehow managed to go against the norm and has been finding ways to prosper while much of the nation struggles with the current state of the economy.
One area that continues to boom in the city of Austin is employment. In fact, when compared to national averages, Austin and the state of Texas are both outperforming the majority of the country. According to recent reports, the total number of nonfarm employment…
