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Austin Lake Travis Living
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Housing Market Statistics
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Daily Real Estate News | September 8, 2008
ZIPs Where Property Is Selling Fastest
Altos Research, which tracks real estate data all over the country, identified these ZIP codes in which homes for sale spent the fewest days on the market.
In cases where communities of relatively fast-selling real estate were clustered, the best ZIP Code in the area was chosen.
Overall, expensive homes and big bargains are selling with general ease, says Ken Gold, director of the Center for Real Estate Education and Research at Ohio State University. Meanwhile, homes in middle-income neighborhoods are selling the slowest, he says.
Here's the list of the Top 10 fastest-selling ZIPs:
- Sunnyvale, Calif. 94087: 66 days on market
- Austin, Texas 78749: 68 days on market
- San Diego, Calif. 92131: 70 days on market
- Plano, Texas 75075: 75 days on market
- Portland, Ore. 97202: 77 days on market
- Houston, Texas 77094: 77 days on market
- Wakefield, Mass. 01880: 79 days on market
- Seattle, Wash. 98117: 86 days on market
- Littleton, Colo. 80130: 90 days on market
- Atlanta, Ga. 30340: 91 days on market
Source: Business Week, Prashant Gopal (09/05/08)
Daily Real Estate News | August 27, 2008
10 Cities Where Jobs, Home Prices Are Growing
To determine where home prices are expected to rise most in the next couple of years, Forbes.com looked at projections for housing starts from the National Association of Home Builders and job-growth projections from Moody’s Economy.com.
Forbes identified cities that are likely to be vibrant markets because jobs are increasing and the housing market wasn’t overbuilt during the boom.
"The logic is pretty straightforward," says Mark Zandi, chief economist at Moody's Economy.com. "People will spend as much on housing as their income will allow them. House prices are very closely tied to household income over the long run when you look at business cycles."
According to Forbes, these are the 10 cities where home prices are most likely to rise:
- Albuquerque, N.M.
- Charlotte, N.C.
- San Antonio, Texas
- Portland, Ore.
- Austin, Texas
- Salt Lake City, Utah
- Colorado Springs, Colo.
- Minneapolis
- Atlanta
- Oklahoma City
Source: Forbes.com, Matt Woolsey (08/25/2008)
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Links to the Latest Austin Real Estate News
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Texas A&M Real Estate Center - the latest news on the Austin Real Estate Market including developments, sales and purchases and news effecting the market.
Tierra Grande - Journal of the Real Estate Center at Texas A&M University
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