real estate

economy
12:53 pm
Tue November 20, 2012

Housing Hot Streak: Austin-Area Home Sales Surge 37 Percent

Seen a lot of this sign? You should have: Austin's real estate market keeps climbing.
KUT News

Not since the federal government was doling out $8,000 tax credits to first time homebuyers have home sales surged this much in the Austin area.

In October, 1,960 single-family homes were sold in Austin, according to the Austin Board of Realtors. The 37 percent year-over-year increase was the largest since November 2009.

“We’re very vibrant,” says Austin Board of Realtors chairman Leonard Guerrero, pointing to Austin’s growing population. “

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Austin
4:44 pm
Wed October 3, 2012

Scarce Housing Options Driving a New Building Boom

www.flickr.com/armchairbuilder/

By all accounts, the housing market is booming in Austin.

Home prices, number of sales, and rental occupancy rates and rents are up. And, according to numbers released yesterday, so is new construction. MetroStudy, a firm that tracks realty numbers, says construction in the third quarter is up 37% from last year.

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Business
2:15 pm
Tue September 4, 2012

Home Prices Up Around Austin

As home sales stay hot, so do prices, according to a new report.
Wells Dunbar, KUT News

New data released today shows homes in the Austin, Round Rock and San Marcos areas are increasing in value.

The report by CoreLogic – a real estate analytics company – shows home prices in Central Texas were up 6.8 percent in July, compared to July 2011. Home prices were also up from June to July of this year – by 0.6 percent.

Home prices are also on the rise across the state, up by 4.7 percent. Nationally, prices are up by 3.8 percent.

Austin
4:41 pm
Tue August 21, 2012

Renting? Good Luck Finding a Place!

You may have trouble finding a sign like this one around Austin.
flickr.com/yewenyi

Having trouble finding a place to rent? You’re definitely not alone.

A steady stream of people moving to Central Texas has made finding an apartment more difficult. U.S. Census Bureau data released in June ranked Round Rock second and Austin third on a list of the fastest-growing large cities in the country.

Capitol Market Research, which studies the area’s rental market, says there are barely enough apartment units in the Austin-area to keep up with demand. It says the average rent on a two-bedroom, two-bath apartment is now about $1,100 a month.

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real estate
3:32 pm
Mon August 20, 2012

Austin Real Estate Hotter Than The Weather

July was a strong month for real estate
KUT News

The volume of home sales was up for the 14th straight month in July, according to figures released today by the Austin Board of Realtors.   The number of sales was up 20 percent over last year, to 2,344.

Not only are more homes selling; they’re also selling at higher prices, and they’re selling faster.  The median-priced home sold for $214,000 in July, up 9 percent.  That's the sixth straight month that the median price has risen.   And houses sold, on average, in only 63 days, down from 77 days in 2011.

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economy
5:09 pm
Tue February 21, 2012

With Thin Apartment Vacancy, Home Buying Jumps in January

January home sales showed a 10 percent spike over sales the same time last year, says the Austin Board of Realtors.
Photo by KUT News

Austin saw a surge in single-family home sales last month, according to the Austin Board of Realtors.

In a new report, the board says home sales were up ten percent last month over January 2011. While comparing two months worth of data has limitations, the finding speaks more broadly to Austin housing demand.

Eldon Rude, director of the Austin market for real estate tracking firm Metrostudy, says the January numbers are part of an ongoing recovery of Austin’s housing market.

Rude says the numbers are “driven by continued increases in population and household in the region over the last several years, and people beginning to react to increasing rents in the apartment market, and so they’re moving toward the for sale housing market.”

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Business
3:40 pm
Tue January 25, 2011

Report: Austin Condo Sales Up In 2010

A look at the tallest condo in downtown, the Austonian. A report says condo sales in Austin were up last year, but the opposite is true of single-family homes.
Image by Callie Hernandez for KUT News

A local blog sponsored by the real estate firm Urban Space claims sales of condominiums in Austin increased by a whopping 50 percent in 2010. 

AustinTowers.net delved into MLS listings and said sales increased from 112 condos in 2009 to 168 in 2010. The average price increased from $330,344 in 2009 to $343,983 last year, a gain of four percent.

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business
12:43 pm
Tue November 23, 2010

Expert Says Don't Let the Foreclosure Numbers Get You Down

Foreclosures are up ten percent so far this year, compared to the same period in 2009. But one housing market expert says there's no cause for alarm.
Image courtesy Jeff Turner http://www.flickr.com/photos/respres

 

Austin foreclosures increased 10 percent so far this year, according to a report from Foreclosure Listing Service. The Austin Business Journal took a look at the numbers.

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business
2:20 pm
Mon November 15, 2010

Austin Company Buys Hotel in Hawaii

Austin-based JMI Realty is involved in a joint venture to acquire the 311-room Aston Kauai Beach at Makaiwa.
Image courtesy promotional video (below)

Local real estate firm JMI Realty is pitching in to buy a Marriot hotel on the Hawaiian island of Kauai. The Austin Business Journal first reported it today based on a news release issued this morning, although the deal was first announced back in late-October.

JMI Realty is acquiring the 10 acre property in what is its first joint venture with Dallas-based Behringer Harvard. The price was not disclosed.

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