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The Sky is NOT Falling in Austin |
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Submitted by Texas Dave
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 To dispute the horrible picture of the rest of the country's housing market, Austin is third best in showing an increase in home values for both the three and twelve month periods
Austin is third best in showing an increase in home values for both the three and twelve month periods prior to March based on the LoanPerformance HPI . The LoanPerformance HPI provides a comprehensive set of monthly home price indices and median sales prices covering 7,508 ZIP codes, located in all 50 states and the District of Columbia. Twenty-eight states show year-over-year real estate declines according to latest LoanPerformance HPI release. Houston and San Antonio performed slightly better than Austin for the 3 month period. Only Salt Lake City (6.22%) and Honolulu (10.68%) outperformed Austin for the 12 month period. | 3-Month and 12-Month Change by Top CBSAs | | (Core Based Statistical Areas) as of February 2008 | | | 3- Month | 12- Month | | | Change | Change | | San Antonio TX | 0.35% | 5.58% | | Houston-Sugar Land-Baytown TX | 0.27% | 3.03% | | Austin-Round Rock TX | 0.10% | 6.22% | | Dallas-Plano-Irving TX | -0.06% | 3.71% | | Salt Lake City UT | -0.47% | 6.63% | | New York-White Plains-Wayne NY-NJ | -0.80% | -3.34% | | Edison NJ | -1.36% | -4.67% | | Philadelphia PA | -1.47% | -1.14% | | Raleigh-Cary NC | -2.25% | 1.16% | | Seattle-Bellevue-Everett WA | -2.59% | -3.18% | | Washington-Arlington-Alexandria DC-VA-MD-WV | -3.18% | -10.80% | | Charlotte-Gastonia-Concord NC-SC | -3.23% | 1.09% | | Portland-Vancouver-Beaverton OR-WA- | -3.23% | -2.84% | | Honolulu HI | -3.97% | 10.68% | | Atlanta-Sandy Springs-Marietta GA | -4.34% | -6.62% | | St. Louis MO-IL | -4.43% | -3.05% | | Chicago-Naperville-Joliet IL | -4.52% | -6.60% | | Minneapolis-St. Paul-Bloomington MN-WI | -4.62% | -8.98% | | Boston-Quincy MA | -5.02% | -9.32% | | Las Vegas-Paradise NV | -5.04% | -16.69% | | Denver-Aurora CO | -5.52% | -7.31% | | Orlando-Kissimmee FL | -5.54% | -15.38% | | Cape Coral-Fort Myers FL | -5.68% | -18.08% | | Miami-Miami Beach-Kendall FL | -5.92% | -14.06% | | San Francisco-San Mateo-Redwood City CA | -6.25% | -11.12% | | Phoenix-Mesa-Scottsdale AZ | -6.36% | -16.42% | | Fort Lauderdale-Pompano Beach-Deerfield Beach FL | -6.40% | -17.03% | | Detroit-Livonia-Dearborn MI | -6.46% | -5.08% | | San Diego-Carlsbad-San Marcos CA | -6.61% | -17.38% | | Tampa-St. Petersburg-Clearwater FL | -6.69% | -15.33% | | Riverside-San Bernardino-Ontario CA | -6.74% | -21.28% | | Oakland-Fremont-Hayward CA | -7.11% | -17.94% | | Los Angeles-Long Beach-Glendale CA | -7.20% | -18.67% | | Cleveland-Elyria-Mentor OH | -7.28% | -9.61% | | | | | | Source: First American CoreLogic, LoanPerformance HPI, Single Family Detached Series as of February 2008 | |
One of our clients who came from our duplex investing class decided to buy a fantastic property in Round Rock. A rare 3 bedroom 1.5 bath in a majority single family home neighborhod WEST of IH35 for under 160k!