Check this out! We've talked for a couple years about how Austin and the surrounding counties continue to grow. This paints quite a picture I'd say. The formula is pretty simple for a strong housing market. Job Growth ~ Income Growth ~ Quality of Life
http://www.forbes.com/2010/06/04/migration-moving-wealthy-interactive-counties-map.html?preload=48453
We have low interest rates, high inventory of homes to chose from, around a 2% decline in average prices for our Austin Metro Area. If someone you know is deciding to "wait" to buy, they should reconsider.
Wednesday, June 23, 2010
Tuesday, June 22, 2010
AUSTIN NAMED #1 BEST CITY FOR NEXT DECADE BY KIPLINGER
Austin is the best city for the next decade according to Kiplinger magazine, whose research focused on innovation and growth potential among U.S. cities. Austin edged- out some tough competition for the accolade, including Seattle, Wash. - widely known as a mecca for smart people and great ideas. So, what put Austin over the top? The magazine states that Austin has an elusive third element, collaboration. In addition to our educated and creative workforce, we have healthy business networks, a dozen venture capital funds, a proactive city government and, of course, lots of live music. Read the full article….
Now lets bring on the jobs not just talk about the potential!
Now lets bring on the jobs not just talk about the potential!
Wednesday, June 2, 2010
PENDINGS VS. ACTIVES...The number of homes that went pending (aka "under
contract) during the past 30 days, is a great indication of what the current monthly demand is for homes in your neighborhood. For example, if your neighborhood currently has two homes that went Pending in the past 30 days, then two is the monthly demand in your neighborhood.
A savvy agent and seller will put this information into perspective by comparing this monthly demand to the number of Active listings (the supply). For instance, if your neighborhood has twenty Actives and two homes have gone Pending during the past 30 days, then it's reasonable to assume that only the top 10%, in terms of best overall value, will sell this coming month.
Stage and price your home with this statistic in mind to ensure that you reach your goals within your ideal timeframe. And, continue to revisit this statistic while your home is on the market to find out if your neighborhood is becoming more or less competitive.
contract) during the past 30 days, is a great indication of what the current monthly demand is for homes in your neighborhood. For example, if your neighborhood currently has two homes that went Pending in the past 30 days, then two is the monthly demand in your neighborhood.
A savvy agent and seller will put this information into perspective by comparing this monthly demand to the number of Active listings (the supply). For instance, if your neighborhood has twenty Actives and two homes have gone Pending during the past 30 days, then it's reasonable to assume that only the top 10%, in terms of best overall value, will sell this coming month.
Stage and price your home with this statistic in mind to ensure that you reach your goals within your ideal timeframe. And, continue to revisit this statistic while your home is on the market to find out if your neighborhood is becoming more or less competitive.
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