Austin Housing Market by the Number

21 08 2012

The Austin market has less than 6 months of inventory in almost every single zip code.  Most areas of town have less than 3 months of inventory, which is a sure sign of price appreciation and a strong seller’s market.





National Housing Market by Number

21 08 2012

Housing Market Year-Over-Year [Infographic]

Posted: 17 Aug 2012 04:00 AM PDT

Originally posted by the KCM blog.





Shadow Inventory of Foreclosures

16 08 2012

Don’t Be Afraid of What Lurks in the Shadows

Posted: 16 Aug 2012 04:00 AM PDT

 The Wall Street Journal is doing a series of articles on the impact shadow inventory will have on the housing market. In the first article, Shadow Inventory: It’s Not as Scary as It Looks, they address why no one should be overly concerned:

“There are several reasons why the shadow inventory isn’t as scary as it sounds: It’s concentrated in a handful of markets—it isn’t inherently a national phenomenon. It is being offset by improved demand, particularly from investors.”

We could not agree more.

As we have explained in earlier posts, the demand for homes is definitely increasing and the excess distressed inventory will be confined to a small number of states. (However, in the states that do have larger supplies of shadow inventory, prices will continue to feel some downward pressure.)

Housing analyst Ivy Zelman probably put it best:

“Just like the Wizard of Oz, shadow inventory is not very intimidating once you pull back the curtain.”

That doesn’t mean that there should be no concern, just that it is not as big a challenge as some profess. As Zelman explains:

 “The bathtub is almost full, but the water has stopped rising, and we are most concerned with how fast it drains.”

 

Posted by the KCM blog.





Austin Market Update – August 2012

14 08 2012

http://www.HotPropertiesATX.com Nicole Cooper 512.698.2393

When you’re ready to buy, sell and invest we’re here to help!

Resident Realty REALTOR®, Austin Real Estate Specialist Nicole Cooper, http://www.HotPropertiesATX.com 512.698.2393





Absorption Rate in Real Estate Austin Texas

9 08 2012

How to tell if your market is hot or not.

The absorption rate for real estate is a good method to help determine how Hot your market really is. The higher the absorption rate, the faster homes are selling. Check with your local expert to figure out your neighborhood today.

When you’re ready to buy or sell, we’re here to help!





The Most Expensive Properties on the Market in the World

8 08 2012

The Most Expensive Properties on the Market in the World.  From the Amalfi Coast to The Hamptons to London, Bel Air and more.

Click Here for all properties!

Summer is traditionally selling season, but no one is hoping to sell more than the owners of these ultra-luxurious homes, the most expensive properties on the market in the world. Sure, what with… Click here for the entire article from Curbed.com.





Can You Sell My House?

2 08 2012

Can You Sell My House?


The most important need of anyone attempting to sell their house is – TO GET IT SOLD! It is imperative that you, the agent, are very direct in what it takes to get a house sold. Here is a checklist we (the KCM Crew) put together for you.

ACCESS

A seller should be willing to give almost unlimited access to potential purchasers if they are looking to sell. Any restrictions to showing the home will result in fewer buyers which could result in a lower price, a longer time on market or both.

CONDITION

Condition goes a long way in determining whether or not a house sells. Bringing in a professional stager is the ultimate answer. If that is not possible, the seller should at least be willing to remove all the clutter and ‘throw on’ a fresh coat of paint where necessary.

MORTGAGE OPTIONS

Very few owners are willing to give a first mortgage to a potential buyer. However, there are other mortgage options they perhaps should consider. Allowing FHA financing is an example. Perhaps, they would be willing to help the buyer out with a seller’s concession. The easier it is for a purchaser to finance the home, the greater the chance more buyers will be interested.

PRICE

Every house must be sold twice: to the buyer and to the bank if a mortgage is involved. To get a home sold the price has to be right. There are studies that have shown that listing a house at a price greater than the market warrants results in that home taking a longer time to sell and also selling for less money.

Source:  KCM Crew