“By selling 3,100 homes, that’s 30 percent more homes than we sold even a year ago when the housing market was super hot,” Pope said. “We’re selling double the homes we were two years ago.” And it’s not just the number of homes sold each month that’s increasing. The median price for a single-family home in Austin in August was $224,000, up 6 percent from a year before. “Prices are going up, value is going up, everything’s going up,” Pope said.
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Real Estate Matters | Negative equity dropping as housing market improves
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For the original version including any supplementary images or video, visit http://www.washingtonpost.com/blogs/where-we-live/wp/2013/09/23/real-estate-matters-negative-equity-dropping-as-housing-market-improves/