Austin Tops Price Appreciation Since 2006

Dated: November 30 2017

Views: 192


Image title


The Market in Austin-Round Rock made the top of the “Largest 50 Markets Price Appreciation Since 2006,” according to an article by Danielle Hale on Realtor.com.

This article offers some important information about Austin’s current housing market as compared to 2006, and presents signs that the US market (including Austin) is stronger than the pre-recession market in 2006:



Austin - Round Rock:

  • Showed a 63% increase in the median home price since 2006.

  • Revealed a decreased share of foreclosure sales from 4.7% to 1.6%.

  • Unemployment rate dropped to 3.3% in 2017, as compared to 4.1% in 2006.


Signs of a stronger US housing market:

  • Average home loan FICO score for 2017 increased 34 points since 2006.

  • Lending standards tightened due to Dodd-Frank Wall Street Reform and Consumer Protection Act.

  • Over-building is under control.

  • Current home inventory is low (4.2 months supply).

  • The demand for homes is high and founded on a healthy economy.


To access the full article: https://www.facebook.com/DonnaBoveeRealty/photos/a.819551291459511.1073741830.658091774272131/1509336309147669/?&theater


Keeping you informed,


Donna Bovee

Team Price Real Estate

Price Commercial Real Estate

(512) 497-3643

DonnaBovee@TeamPrice.com

Latest Blog Posts

Could Rising Home Prices Impact Your Net Worth

Learn how to determine your current net worth and how an investment in real estate can help improve your bottom line.Among its many impacts, COVID-19 has had a pronounced effect on the housing.

Read More

Finding A New Home For Your Next Stage Of Life

Imagine the first place you lived as a young adult. Now imagine trying to fit your life today into that space. Not pretty, right? For most of us, our housing needs are cyclical.1 A newly

Read More

Goodnight Bread Co In South Austin

I absolutely love to patronize small businesses.A few months ago my neighbors, Jennifer and Ryan, started a small business selling sourdough bread. I tried it and was sold!This bread is delicious!

Read More

Can I Buy Or Sell A Home Without A Real Estate Agent

Today’s real estate market is one of the fastest-moving in recent memory. With record-low inventory in many market segments, we’re seeing multiple offers—and sometimes even bidding wars—for

Read More