Duh! Finally the Government Sees the Bubble

Hmm. I didn't know that your property values keep rising due the the ten percent maximum annual increase rule even when your property didn't actually rise in that year. That helps explain why people thought property hadn't really fallen in Austin in 2008-9. Much of the data was driven by the TCAD values due to the fact that nobody release the MLS data.

- Mr. Bubble

Travis property values face first drop since 2003

5.3 percent projected decline would mean a $6.5 billion hit to tax rolls.

By Laylan Copelin and Shonda Novak
AMERICAN-STATESMAN STAFF

Published: 11:44 p.m. Friday, April 9, 2010
The recession that wiped out thousands of jobs in Central Texas also erased $6.5 billion from the market value of Travis County properties.
The 5.3 percent drop in values from 2009 was the first decline since 2003, according to preliminary figures from the Travis Central Appraisal District.

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Beware of Pocket Listings

Pocket listings are quite common in Austin.  I think many sellers are denied maximum market prices for these deals and we are all denied the price information the sale contains. Do yourself a favor, list in the MLS and require your agent to present you with all offers.

- Mr. Bubble

 

Happens Every Day

Reno attorney and real estate investor William Thornton has filed a complaint with the Nevada Real Estate Division against local real estate figures Karen Greathouse and Nancy Fennell of Dickson Realty.

March Austin List Prices from Zillow

Hmm? Interesting trend in Austin list prices... recovery?

- Mr. Bubble

Median List Price

More West Lake Hills Home Value

Median List Price

More Austin Home Values

Fixed-Mortgage Rates Jump - WSJ.com

Fixed-Mortgage Rates Jump - WSJ.com

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