Austin area home sales surge 58% from last year

Austin-area home resales jumped 58 percent last month from November 2008 as buyers scrambled to take advantage of low mortgage interest rates and a tax credit for first-time buyers. But don’t expect those big percentage gains to continue – sales could slow...

Tax credit helps push home sales up 9.4%

Racing to complete their purchases before a tax credit for first-time owners expires, homebuyers pushed sales up last month by the largest amount in more than 26 years. After jumping 9.4 percent in September, home resales are up nearly 24 percent from the bottom in...

New home starts hint at recovery

Central Texas’ new-home market might be bottoming out.  The 2,239 new homes that builders started from July through September were down 5.4 percent from the same quarter last year – but up 17 percent from this year’s second quarter. Much of increase...