November 2009 
There are 3 blog entries for November 2009.
Existing Home Sales Climb Throughout Texas
Tuesday, November 24th, 2009 at 4:19pm. 419 Views, 2 Comments.
News just in from the Texas Real Estate Center – A total of 19,347 existing single-family homes were sold in Texas last month, a 15 percent increase from October 2008, according to MLS data compiled by the Real Estate Center at Texas A&M University.
The median price rose 1 percent to $143,300 during the same period, and the state finished the month with a 6.9-month inventory of existing homes.
Here is how select Texas cities fared in October (data current as of Nov. 24, 2009):
Additional home sales data for these and other major Texas cities are available on the Center's…
The Number of Austin Foreclosures Continues to Drop
Monday, November 23rd, 2009 at 7:15pm. 368 Views, 1 Comments.
For homeowners around the country, facing foreclosure became an unfortunate reality during the recession. While a number of homeowners have been forced into foreclosure on their homes in Austin, the good news is that RealityTrac Inc. has determined that foreclosures in Texas were actually down 7% during the month of August.
For the month of August, the state recorded a total of 11,261 default, bank repossession and auction notices. While this number may sound a bit disheartening, it is actually 6.8% less than the numbers that were posted in July. In fact, during July, these sort…
Homeownership still a Solid Investment
Monday, November 23rd, 2009 at 7:12pm. 328 Views, 1 Comments.
Americans have long believed that purchasing a home is a good investment. Thanks to the recession, many experts hypothesized that many would no longer view home ownership as a great investment. According to a recent study conducted by Bankrate Inc., however, home ownership is still viewed as a solid investment by most.
According to the study, more than 9 out of 10 people who participated inn the survey still feel that owning a home is a good investment. This may seem like a bit of a shock considering that 25% of Americans currently owe more on their homes than what their homes…
