Tip of the Iceberg...

Austin area foreclosures top 15,600 in 2010

By American-Statesman staff | Monday, November 22, 2010, 01:08 PM

Foreclosure postings through the Dec. 7 auction are up 10 percent in the Austin area from a year ago, as stubborn unemployment and a slow-growing economy put financial strain on many homeowners.
Foreclosure Listing Service Inc. said 15,622 properties have been posted in Travis, Williamson, Hays and Bastrop counties this year. That’s the highest number since the Addison company began tracking Austin area postings in 2001.

Austin-area home sales headed for fourth annual drop

LOL Prices are not up. Are you kidding. The averages may be up but that's because more expensive homes have started cutting prices and are pulling the averages up. The reason homes aren't selling is that sellers, on the advice of their agents, are pricing above the market. Come on, 3 months to sell? You got the wrong price on it folks. It'll sell in 2 weeks if you price it right.

- Mr. Bubble

Austin-area home sales headed for fourth annual drop

But experts say market expected to improve starting next year.

By Shonda Novak AMERICAN-STATESMAN STAFF
Published: 9:39 p.m. Thursday, Nov. 18, 2010
Central Texas is on track for the fourth annual decline in existing home sales, although real estate experts are looking for gradual improvement in 2011.
The Austin Board of Realtors reported Thursday that the 1,221 existing home sales in October were down 31 percent from a year earlier, the fifth month in a row that sales have been below the year-earlier figure.
 

Minus 16% per ABOR in the last 2 years