Texas Real Estate: 3rd Quarter Housing Report

The most recent Texas Quarterly Housing Report states sales volume is up. For the period of Aprial through June 2010, sales of existing single family homes increased 14% to 66,079 compared to the same quartore of the prior year. We are still seeing strength in the Texas real estate market. To read the entire report: www.texasrealestate.com

How Rising Interest Rates Will Impact Affordability

Buyers need to measure their decision choosing to wait until prices come down more. It is improbable that interest rates will remain this historically low, last time this low, President Eisenhower was in office. The following blog post has a chart showing what happens to your purchasing power if interest rates change by 1%.

How Rising Interest Rates Will Impact Affordability

Austin MLS Stats: October 2010

Still experiencing consistent increase year to year comparisons. October, in Austin, listing price increase 7.6% from the same time last year and sold price increased 7%. It is still taking longer to sell the homes, average days on market is 66.

Effort aims to preserve Hyde Park's character

On Thursday, the city council is considering making Hyde Park an historical district. Hyde Park would be Austin's third and biggest local historic district, encompassing 640 properties in the 186 acres bounded roughly by 38th, 45th and Duval streets, and Avenue A. There is an argument on both sides, for those who want to protect Hyde Park and those who feel that the restrictions could hender the stewardship of these homes. For more details, read the entire Austin Statesman Article