home sales http://kut.org en What Recession? Census Says Downturn Didn't Hurt Austin Housing Market http://kut.org/post/what-recession-census-says-downturn-didnt-hurt-austin-housing-market <p>Austin’s housing market is hot. So hot, in fact, that it wasn’t seriously dampened in the recession to post-recession period.</p><p><a href="http://www.census.gov/prod/2013pubs/acsbr12-20.pdf" target="_blank">New census data shows</a> home values in Austin and in Travis County increased between 2007 to 2009 and 2010 to 2012.&nbsp;<span style="line-height: 1.5;">Most other large areas in the country saw home values decrease between those two periods.</span></p><p>Out of the country's &nbsp;50 most populous cities, only nine cities saw an increase in the median&nbsp;<span style="line-height: 1.5;">home&nbsp;</span><span style="line-height: 1.5;">values during those periods. And Austin lead the pack:</span></p><ul><li><strong>Austin, TX: + $13,800</strong></li><li>Denver, CO: + $9,600</li><li>Oklahoma City, OK: + $8,100 Thu, 14 Nov 2013 21:10:00 +0000 Laura Rice 9186 at http://kut.org What Recession? Census Says Downturn Didn't Hurt Austin Housing Market Austin Home Sales Jumped 34 Percent in September http://kut.org/post/austin-home-sales-jumped-34-percent-september <p>Austin-area home sales grew by 34 percent in September compared to a year earlier. <a href="https://www.abor.com/news_media/press_releases/2013/p22_13.cfm">A new report </a>from the Austin Board of Realtors says almost 2,391 single-family homes were sold last month.</p><p>Homes are spending an average of 44 days on the market, which is 22 days fewer than a year ago.</p><p>In many cases, homes are being sold by word of mouth before they’re even listed, according to housing economist Jim Gaines at the <a href="http://recenter.tamu.edu/">Texas A&amp;M Real Estate Center.</a></p> Tue, 22 Oct 2013 00:24:13 +0000 Nathan Bernier 8988 at http://kut.org Austin Home Sales Jumped 34 Percent in September Five Reasons Why Austin Home Sales Dipped in June http://kut.org/post/five-reasons-why-austin-home-sales-dipped-june <p>Home sales in the Austin area fell from May to June. The drop&nbsp;was unexpected because of the strength of the housing market in Central Texas and because June is a prime time to buy homes.</p><p>The <a href="http://recenter.tamu.edu/">Real Estate Center at Texas A&amp;M University</a> analyzed <a href="http://en.wikipedia.org/wiki/Multiple_listing_service">MLS listings</a> and found there were <a href="http://recenter.tamu.edu/data/hs/hs140.asp">3,085 sales</a> of single-family homes, townhomes and condos in June. That's down from 3,157 sales in May.</p><p> Tue, 23 Jul 2013 00:03:38 +0000 Nathan Bernier 8394 at http://kut.org Five Reasons Why Austin Home Sales Dipped in June Austin-Area Home Sales Jump 29%, Setting New Record for May http://kut.org/post/austin-area-home-sales-jump-29-setting-new-record-may <p><span style="line-height: 1.5;">More homes sold in the Austin-area last month than in any May on record, according to </span><a href="https://www.abor.com/news_media/press_releases/2013/p13_13.cfm" style="line-height: 1.5;">a report by the Austin Board of Realtors</a><span style="line-height: 1.5;">. Their analysis of MLS Listings shows 2,991 homes were sold in May, an increase of 29 percent over the same month last year.</span></p><p>The increased demand sent the median home price up by eight percent to $231,500. The average home is sitting on the market for just 44 days, which is 19 days less than May last year, according to the report.</p><p> Thu, 20 Jun 2013 23:52:22 +0000 Nathan Bernier 8187 at http://kut.org Austin-Area Home Sales Jump 29%, Setting New Record for May Austin Now the 11th Largest City in the U.S., Up from 13th Largest http://kut.org/post/austin-now-11th-largest-city-us-13th-largest <p><strong>Update</strong>:&nbsp;So who is moving to Austin? Young, recent college graduates and retiring baby boomers make up the majority of new Austinites, according to <a href="http://austintexas.gov/demographics">City of Austin demographer</a> Ryan Robinson.</p><p>“That attractiveness, that gravitational pull that we exert for the young and the talented, and the well-educated, that really is our sweet spot,” Robinson says.</p><p>But the young are not the only ones charmed by Austin. Retiring baby boomers are also flocking to the area.</p><p> Thu, 23 May 2013 18:22:25 +0000 Marissa Barnett 7852 at http://kut.org Austin Now the 11th Largest City in the U.S., Up from 13th Largest Austin Home Sales Surged 32 Percent in April http://kut.org/post/austin-home-sales-surged-32-percent-april <p><span style="line-height: 1.5;">Austin area home sales jumped by 32 percent in April compared to the same month last year. </span><a href="https://www.abor.com/news_media/press_releases/2013/p9_13.cfm" style="line-height: 1.5;">The Austin Board of Realtors says</a><span style="line-height: 1.5;">&nbsp;2,563 single-family homes were sold last month.</span></p><p></p><p><span style="line-height: 1.5;">That marks a nine-year high for the month of April, and it represents the twenty-third straight month of year-over-year sales increases.&nbsp;</span></p><p> Tue, 21 May 2013 23:32:41 +0000 Nathan Bernier 7830 at http://kut.org Austin Home Sales Surged 32 Percent in April The Austin Program That Offers Down Payment Cash for Homes http://kut.org/post/austin-program-offers-down-payment-cash-homes <p>There’s a little-known program run through the City of Austin that provides down payment money to low-income people free of charge. Of course, there's a catch: homeowners must live in the property for 10 years, or pay the city back.</p><p>Those who bought in when interest rates were almost twice what they are today, now wonder how can they refinance their mortgage without having to repay the city.</p><p> Tue, 23 Apr 2013 16:47:20 +0000 Joy Diaz 7460 at http://kut.org The Austin Program That Offers Down Payment Cash for Homes Austin Home Sales Up 33 Percent in January http://kut.org/post/austin-home-sales-33-percent-january <p><span style="line-height: 1.5;">The number of single-family homes sold in the Austin area rose by 33 percent last month compared with January 2012, according to <a href="https://www.abor.com/news_media/press_releases/2013/p5_13.cfm">an analysis </a>of the <a href="http://www.realtor.org/topics/nar-doj-settlement/multiple-listing-service-mls-what-is-it">Multiple Listing Service</a> by the <a href="http://www.abor.com/">Austin Board of Realtors</a>.&nbsp;</span></p><p><span style="line-height: 1.5;">The group also says the median price for homes grew by 10 percent over the past year to reach almost $200,000, although experts say those price increases vary wildly from neighborhood to neighborhood.</span></p><p> Wed, 20 Feb 2013 19:35:40 +0000 Nathan Bernier 6671 at http://kut.org Austin Home Sales Up 33 Percent in January Texas Home Sales End Year on a Bang http://kut.org/post/texas-home-sales-end-year-bang <p><span style="line-height: 1.5;">The Texas real estate market rang out 2012 on a high note,&nbsp;</span><span style="line-height: 1.5;">according to <a href="http://www.texasrealestate.com/web/2/25/index.cfm">the latest reading</a> from the Texas Association of Realtors. It says&nbsp;</span><span style="line-height: 1.5;">56,488 single-family&nbsp;</span><span style="line-height: 1.5;">were sold across the state in the fourth quarter of last year. That's an increase of almost 20 percent over the same period in 2011.&nbsp;</span></p><p> Fri, 01 Feb 2013 19:11:10 +0000 Nathan Bernier 6438 at http://kut.org Texas Home Sales End Year on a Bang Austin Area Home Prices Keep Rising http://kut.org/post/austin-area-home-prices-keep-rising <p>Home prices have again increased in the Austin-Round Rock-San Marcos area.</p><p>Prices rose 5.7 percent since last May, and 2.3 percent since last month, according to a home prices index released by a real estate data company.</p><p>Amand Nallathambi is the president of <a href="http://www.corelogic.com/">CoreLogic</a>, the company that released the report.&nbsp; &quot;The recent upward trend in U.S. home prices is an encouraging signal that we may be seeing a bottoming of the housing down cycle,&quot; he says in a press release. &quot;Tighter inventory is contributing to broad, but modest, price gains nationwide and more significant gains in the harder-hit markets, like Phoenix.&quot;</p><p> Mon, 02 Jul 2012 20:30:23 +0000 Kelly Connelly & Wells Dunbar 4601 at http://kut.org Austin Area Home Prices Keep Rising Austin Sees Full Year of Increasing Home Sales http://kut.org/post/austin-sees-full-year-increasing-home-sales <p>The Central Texas housing market continues to be a strong one, according to numbers released today by the <a href="http://www.abor.com/">Austin Board of Realtors</a>.</p><p>May 2012 was the 12th straight month of sales increases. It&rsquo;s also the fourth consecutive month of price increases.</p><p>&ldquo;That has to do with our shrinking inventory,&rdquo; says Board of Realtors chairman Leonard Guerrero, crediting the shrink to &ldquo;the jobs that have been created in our state and in our local area, Austin, in particular. And the number of people that are coming into the state to fill those positions.&rdquo;</p><p> Wed, 20 Jun 2012 21:07:18 +0000 Andy Uhler 4521 at http://kut.org Austin Sees Full Year of Increasing Home Sales Fewer Homes Sold Last Month, But Median Price Was Up http://kut.org/post/fewer-homes-sold-last-month-median-price-was <p>Ten percent fewer Austin homes were sold in March 2011 compared to March of last year, according to the Multiple Listing Service (MLS) report issued today by the Austin Board of Realtors. But the median price was up two percent to $185,260.</p><p>An $8,000 tax credit for <a href="http://www.irs.gov/newsroom/article/0,,id=204671,00.html">first time homebuyers</a> that expired in 2010 is still making it harder to compare numbers now with numbers then, according to Austin Board of Realtors chair Judith Bundschuh.</p> Wed, 20 Apr 2011 18:20:28 +0000 Nathan Bernier 1266 at http://kut.org Fewer Homes Sold Last Month, But Median Price Was Up Austin Home Sales Up 14 Percent http://kut.org/post/austin-home-sales-14-percent <p>The Austin Board of Realtors&nbsp;reports sales of existing single family homes were up 14 percent in January compared to January 2010.&nbsp; 975 homes were sold last month.</p><p>&ldquo;The latest figures show that we are seeing the economic recovery continue in Austin,&rdquo; said Judith Bundschuh, Chairman of the Austin Board of Realtors, in a <a href="http://www.abor.com/news_media/press_releases/2011/p4_11.cfm">press release </a>today.</p> Mon, 21 Feb 2011 18:15:25 +0000 Crystal Chavez, KUT News 827 at http://kut.org Austin Home Sales Up 14 Percent