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Latest blog posts from Austin Blog

Austin Real Estate Statistics for October
The stats are out for October for the Austin real estate market. In a word, the stats are bad. This is probably one of the worst months I have seen in the last few years. Ok let's look through the numbers. Here is a breakdown for the last few years. The one number that stands out the most...
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Published 6 days ago

Austin Real Estate Statistics for September
The statistics are for September for the Austin real estate market. The statistics are a little weird this month. First let's look at the general stats. The line we obviously want to pay attention to the most is the last one September 2008. First the total number of sales was 1670. This is...
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Published a month ago

Austin Real Estate Statistics for August
The stats for August are out for the Austin real estate market. Home sales are down 20% from last year dropping from 2497 to 1992. The number of listings is up 5 percent rising from 9819 in August 2007 to 10348 in August 2008. Below are the stats for the last few years. Some might see the...
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Published 2 months ago

The Federal Government To Takeover Fannie Mae And Freddie Mac In Biggest Bailout In US History
Plans have been leaked over a proposed government bailout of Fannie Mae and Freddie Mac. While there have been rumors of this for the last few months, apparently it is quasi official, although the official announcement is going to come out tomorrow. So what are the details of the bailout? ...
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Published 3 months ago

Austin Real Estate Statistics for July
The stats for July are out for the Austin real estate market. First let's look at the big picture. Compared to last year sales are down 21% (2621 to 2071) and active listings are up 15% (9451 to 10913). The 15% year to year increase in listings is the lowest we have seen over the last few...
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Published 3 months ago

Map Showing How Subprime Loans, Foreclosures, and Unemployment Rates Interact
Click To Enlarge Foreclosure Map So anyone that follows my blog knows I like graphics. This one is pretty interesting. To start off with the top image shows where the highest percent of subprime loans were give out and what percentage of those loans are now in foreclosure. First the map is...
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Published 4 months ago

Austin Real Estate Stats For June
The stats are out for the Austin real estate market. First let's look at the overall numbers. Above is the summary. Below is the breakout for the last few years. First, sales are down 20% from last year going from 2772 to 2211. Also inventory is up 19% going from 9159 in June 2007 to...
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Published 4 months ago

Austin Real Estate Statistics for May
First the May Facts & Figures for the Austin real estate market, active listings are up 1756 from last year. Homes sold is down 544 from last year. Both these numbers indicate a trend for a buyers market. But then the average sales price is up as well as the median sales price, so what does...
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Published 5 months ago

Austin Real Estate Statistics for April
The stats for April are out for the Austin Real Estate market. I have gotten a few questions about why for instance April stats are not released until May. Basically although a sale happens in April, it is not reported until later. So if you were to pull the stats out in the beginning of April...
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Published 6 months ago

Austin Real Estate Statistics for March
So what do all these numbers mean for the Austin real estate market. Basically as we move into summer we generally start seeing more sales, and that is what we are seeing. Considering all the issues in the national market there was some worry that the real estate market would not heat up in the...
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Published 7 months ago

Map of US Showing Subprime Loans and Foreclosures by State, County and Zip Code
So I have posted a few maps of the US here over the last few months showing where subprime loans where given out. This is my favorite map to date. It is packed with a lot more information on where subprime loans, ARMs, and no doc loans are being give out. It also details where foreclosures and...
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Published 8 months ago

30 Year Mortgage Rates Fall for Second Week
    Date30 YR15 YR5 YR ARM1 YR Arm March 136.135.65.585.14 March 205.875.275.565.15 March 275.855.345.675.24 Mortgage rates for 30 Year loans came down again this week. Last week they fell from 6.13 to 5.87. This week they moved down slightly from 5.87 to 5.85. These drops were...
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Published 8 months ago