Austin Tops Price Appreciation Since 2006

Dated: November 30 2017

Views: 178


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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

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