2007 Austin Market Report from TAMU Real Estate Center

The 2007 Market Report from TAMU’s Real Estate Center has been released.  Here are a few of the highlights:

  • Austin is the top growing metro area in Texas for the last decade with a  41.% increase
  • Austin’s projected population for 2010 is 1,563,179
  • 94.6% occupancy rate for multifamily properties in 2006
  • median price for homes in 2006 was $172,000

Market Reports

Mueller Austin

Beginning March 5th, you can apply to buy a home at the new Mueller Austin
development. The application period will run until April 30th. These homes will be ready for move-in by late 2007 or early 2008. This first section will include over 300 of the planned 2200 homes. Read the details of the application process.

It’s not as bad as it seems

It seems that a lot of the talk regarding the bubble may be all in the head. Many consumers are still able to buy a house but are choosing not to. This is in contrast to previous housing downturns where consumers simply couldn’t buy homes whether they wanted to or not.

I think this applies well to the Austin area. Sure, many people have inflated prices because they weren’t savvy buyers or they were novice investors. We have already seen the market slow down to correct these issues, but Austin isn’t going to stop growing and the demand for homes will keep increasing over time. I hate to burst your bubble, but I believe that the Austin market is not going to crash.

Learn more.

Welcome!

Welcome to Your Austin Realtor. I will be using this space to discuss my dealing in real estate and my real-estate related web development. I am obviously a Realtor in Austin, TX under a new agency called One Source Realty. We specialize in first-time homebuyers. We help educate these consumers and put them on the path to home ownership. I have also been doing web application development off and on for almost ten years. I am currently working on my site wich will reside at BraxtonBeyer.com. I plan to use this experience to help me in real estate and also to create some useful tools for others.