AUSTIN (ABJ) — There are new worries of rising property valuations because county tax appraisers in Austin allegedly received price data on homes sold in 2018.
The Austin Board of Realtors claims that CoreLogic Inc., the vendor that runs the organization’s multiple listing service for buying and selling homes, sold MLS data to the Travis Central Appraisal District. In a May 2 message to members, ABOR said the “unauthorized access” to its MLS data was “newly discovered.” That could be a contractual violation, according to ABOR, and it told CoreLogic to stop selling to TCAD.
It’s unclear if this information could be accessed by the public or journalists. Some worry property valuations will rise notably because TCAD may have access to fresh sales data — something that doesn’t normally happen in Texas, which doesn’t require disclosure of real estate prices.