Ben Morton, Sr. Vice-President at Caliber Funding in Austin, reports a major swing in interest rates over the last 2 weeks. “Things have happened so fast; 200 bps movement in just over a week. The Fed has kept rates artificially low since early 2009 by purchasing mortgage backed securities. Bernanke has just announced that the government will […]
The Austin real estate market continued to set records in March, historically one of our most active months. Take a look at our April Market Report for all of the latest statistics by price range and zip code. There are only 2.64 Months of Inventory, making this one of the rare times were are in […]
A Seller’s Market is defined as one with high buyer demand that results in slowly rising prices.Good and well priced homes in this seller’s market usually receive an offer in a few days. That is Austin, now. Currently, demand is high and inventory is low across ALL Zip Codes and Areas! The average and medium prices of […]
· 28% more homes sold last month than the previous month. However the number of homes for sale has only increased 3%. More buyers and fewer homes is why the average days on market for homes sold is only 59 days. This is 6% fewer days than last month and 35% less […]
Lowest Sales, Highest Pendings, Fewest Listings Historically during October, November and December the number of sales and number of homes for sale decreases each month. Our market is continuing to follow this pattern. (See Charts 2 and 3 of the December Market Report for a six year review.) Compared to the prior month, November sales […]
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