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This article confirms what I am personally experiencing in representing
buyers and sellers in Central Texas. This information is encouraging for
sellers and slightly painful for buyers.
Austin home prices expected to rise
Austin Business Journal - by Cody Lyon, Staff Writer
Date: Tuesday, May 10, 2011, 8:38am CDT Austin home prices are expected to begin recovering this year and grow by at
least 0.6 percent, according to an analysis from Fiserv Inc. The Brookfield, Wis.-based financial services firm reported the average home
price in Austin falling 0.7 percent year-over-year in the fourth quarter
last year. The Fiserv Case-Shiller home price indexes are based on data and
methodologies from Fiserv and Moody's Analytics. According to the report released on Monday, Austin home prices have been
stable since reaching bottom in the fourth quarter 2010. Fiserv said it
expects the price to increase through 2012, albeit slowly, at a rate of
about 0.4 percent. Meanwhile, the report projects the rest of the country won't stabilize until
the third quarter 2011. Before that happens, Fiserv expects another 3
percent drop in prices throughout the first half of this year. But, by the
end of 2012, the report said home prices even in some of the hardest hit
housing markets will level out. Fiserv Chief Economist David Stiff said "the first step toward restoring
confidence in the housing markets is an improvement in consumer sentiment,
which we expect will increase slowly through 2011 due to stronger gains and
a falling unemployment rate." Compared to pre-recession levels, the average national home price fell 23.6
percent from the fourth quarter of 2007 to the same period in 2010. Prices
in Austin increased 1.1 percent during that same period. Keeping you informed, ready to help you with all of your real estate needs
and wishing you the best, Anne ANNE JOHNSON-CHEVERERE Realtor(r) 512-917-5260 Cell 512-328-5151 Office 512-328-0404 Fax Follow me on LinkedIn Twitter Facebook
HookemHomes.com RE/MAX Austin Skyline 4611 Bee Caves Rd., Suite 200 Austin, Texas 78746 annejohnson@austin.rr.com anne@HookemHomes.com Google The finest compliment I can ever receive is your referral. Please remember
me when your friends, family, and co-workers are thinking about buying or
selling residential and investment real estate.
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buyers and sellers in Central Texas. This information is encouraging for
sellers and slightly painful for buyers.
Austin home prices expected to rise
Austin Business Journal - by Cody Lyon, Staff Writer
Date: Tuesday, May 10, 2011, 8:38am CDT Austin home prices are expected to begin recovering this year and grow by at
least 0.6 percent, according to an analysis from Fiserv Inc. The Brookfield, Wis.-based financial services firm reported the average home
price in Austin falling 0.7 percent year-over-year in the fourth quarter
last year. The Fiserv Case-Shiller home price indexes are based on data and
methodologies from Fiserv and Moody's Analytics. According to the report released on Monday, Austin home prices have been
stable since reaching bottom in the fourth quarter 2010. Fiserv said it
expects the price to increase through 2012, albeit slowly, at a rate of
about 0.4 percent. Meanwhile, the report projects the rest of the country won't stabilize until
the third quarter 2011. Before that happens, Fiserv expects another 3
percent drop in prices throughout the first half of this year. But, by the
end of 2012, the report said home prices even in some of the hardest hit
housing markets will level out. Fiserv Chief Economist David Stiff said "the first step toward restoring
confidence in the housing markets is an improvement in consumer sentiment,
which we expect will increase slowly through 2011 due to stronger gains and
a falling unemployment rate." Compared to pre-recession levels, the average national home price fell 23.6
percent from the fourth quarter of 2007 to the same period in 2010. Prices
in Austin increased 1.1 percent during that same period. Keeping you informed, ready to help you with all of your real estate needs
and wishing you the best, Anne ANNE JOHNSON-CHEVERERE Realtor(r) 512-917-5260 Cell 512-328-5151 Office 512-328-0404 Fax Follow me on LinkedIn Twitter Facebook
HookemHomes.com RE/MAX Austin Skyline 4611 Bee Caves Rd., Suite 200 Austin, Texas 78746 annejohnson@austin.rr.com anne@HookemHomes.com Google The finest compliment I can ever receive is your referral. Please remember
me when your friends, family, and co-workers are thinking about buying or
selling residential and investment real estate.
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