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Your Austin real estate blog

Thank you for visiting Homeowner Herald, the official blog of AustinHomeSearch.com, providing valuable information for both home buyers and sellers. Follow us on Twitter or check in each week for new posts on topics ranging from holiday decorating to the economy to moving into your new home. This blog is maintained by the Austin Board of REALTORS®. If you’d like to suggest a blog topic, contact the ABoR Marketing Department.

Markets/Economy topics

Austin real estate blog
Austin real estate market offers encouraging outlook for 2010
THURSDAY, FEBRUARY 18, 2010

What began as a year with double-digit decreases in year-over-year home sales concluded with 2009 year-end totals falling only six percent short of the year prior. This comeback was made possible by the surge in home sales seen in the fourth quarter of 2009—a 38 percent increase in October and a 58 percent increase in November—possibly attributed to the original deadline for the first-time homebuyer tax credit.

Local economic conditions, housing trends and extended homeowner incentives lead most experts believe that the Austin housing market reached its bottom in 2009 and is now on the path of stabilization and recovery, though significant gains are not expected until the later part of 2010.

For further information on market conditions, contact your Central Texas REALTOR®.

Austin real estate blog
5 real estate market myths exposed!
WEDNESDAY, DECEMBER 9, 2009

Fact or fiction? Find out which statements are complete myths when it comes to Austin’s real estate market.

1. Home prices have decreased dramatically. Wrong! Data from the Austin Board of Realtors® shows that median price levels have remained stable while gradually increasing—for example, a median price of $175,500 seen at the start of this year (January 2009) had become $185,250 by the end of the third quarter (September 2009). In addition, median prices seen throughout 2009 have fluctuated only slightly compared to 2008 while remaining above those seen in 2007.

2. It’s the wrong time to buy real estate. False! Thanks to its job market, stable home prices and affordability, Austin has the second healthiest housing market in the nation. There are plenty of homes available, and those ready to buy can take advantage of homebuyer tax credits, housing grants, low interest rates and renewable energy incentives.

3. It’s the right time for everybody to buy real estate. Nope! Whether it’s a good time to buy depends not only on the local housing market, but on the goals and unique situation of each person. Someone who is neither emotionally nor financially ready to handle homeownership should not enter into a real estate transaction—even when the market presents good opportunities. Talk to your REALTOR® to make the decision that’s right for you.

4. It’s a terrible time to sell. Wrong again! Austin real estate is sold every day to first-time and seasoned homebuyers looking to take advantage of amazing homeownership opportunities and incentives. In addition, sellers who work with a REALTOR® can usually sell their homes more quickly…in any market.

5. More homes are being sold by owners, making REALTORS® obsolete. No way! In the Austin area area, the percentage of people who planned to use a REALTOR® rose to 82 percent in 2008. According to the National Association of REALTORS® (NAR) the majority of For-Sale-By-Owner (FSBO) sellers are located in rural areas and small towns where the seller knows the buyer. It’s important to recognize that the value of REALTORS® goes beyond their access to the Multiple Listing Service (MLS)—it lies in the many other resources and services they bring to the table.

Central Texas real estate is different. Get the facts from your REALTOR® today or Find a REALTOR® on AustinHomeSearch.com.

Austin real estate blog
Good news about Austin’s housing market
WEDNESDAY, NOVEMBER 4, 2009

Thinking of buying or selling real estate in Austin, Texas? That’s fantastic!

As history has proven, Texas survives. That’s why we are ranked as the top state for business and jobs in the current economy, the second largest cyber state and fourth best tax free haven.

And located in the heart of the Lone Star State, Austin has been recognized among the top 10 best cities to live.

So what does this mean for Austin’s housing market?

Undeniably, effects of the national economic crisis have trickled into nearly every city in the nation. However, because of its location, diverse economy, and business opportunities Austin has been named the city best poised for recession recovery by Forbes, with its economy projected to grow by $5 billion by 2010.

Though Austin has taken its lumps by way of decreased sales volume along with everyone else, “the bloom is back in Austin’s yellow rose” according to Boyce Thompson of Builder, which ranked Austin the second healthiest housing market for 2009 based on its location, pricing and population trends, number of building permits and local job growth.

Austin real estate has proven a strong investment. Those who purchased a home at Austin’s median price six years ago would find that it has increased in value by 20 percent. The city continues to “hold the line” on home value because Central Texas real estate prices have not experienced periods of rapid inflation or deflation.

AustinHomeSearch.com is one of the most trusted and comprehensive online resources available to find a REALTOR®,  browse properties and learn more about Austin real estate. Why not begin your Austin home search today?

Austin real estate blog

Welcome to Austin!
WEDNESDAY, OCTOBER 28, 2009

Whether you’ve just moved to Austin or have lived here your entire life, there’s always something new to learn about the capital of Texas, a city constantly buzzing with music, business, technology, outdoor adventure and family fun.

U.S. News & World Report ranks Austin as the third best place to live, based on its economy, affordability and fun things to do—and that comes as no surprise to native Austinites or the thousands of people who find jobs, buy real estate and first experience the social scene in Austin every year.

Officially recognized as the "Live Music Capital of the World" since 1991, Austin is stage to a wide variety of popular and up-and-coming artists. Well-known music festivals including Austin City Limits and SXSW (South by Southwest) attract music lovers from around the world, and live music can be heard in Austin every day of the week.

Relocating to Austin? Good choice. Austin has been named the best city for a "fresh start" and the region best poised for recession recovery. In addition, Austin maintains its status as a fit city, boasting low levels of chronic health conditions and offering a wide variety of outdoor and indoor fitness activities.

With so many entertainment, business and real estate opportunities in Austin, it can be hard to know where to begin. AustinHomeSearch.com is your source for community and Austin real estate information. Visit the "Find a Property" and "Find a REALTOR®" sections to begin your Austin real estate search today!

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