Austin Texas News
-
Housing market shift: Austin forecasted to favor buyers over sellers
Are you thinking about buying a home in Austin Texas? If so, now is a great time to buy because of a variety of factors which has shifted the market from being a sellers market, to a buyers market. How long will the current market conditions last? Recent reports indicate that the current state of the ATX real estate market will continue to favor sellers on into 2023. Why it’s A Good Time To Buy Knock.com uses its Buyer-Seller Market Index to measure the degree to which the nation’s largest and most active housing markets favor buyers or sellers. The index combines six common housing market measures, covering six years of…
-
August 2022 Real Estate Market Update
Are you planning on buying or selling a home in the Austin Texas Real Estate market? If so, you’ve come to the right place! In this article, we will break down the latest information on what’s happening in the ATX real estate market for August 2022. Median Sales Price Up, Closed Sales Down The Austin Texas real estate market continues to follow the trends that we’re seeing nationwide of fewer sales and longer days on market. Our Austin Board of Realtors recently released stats for July which showed that prices have actually decreased year-over-year while inventory continues to climb across the Austin Area. This is good news for home buyers…
-
Austin Ranks Among Top 15 Cities For Homes That Increase In Value
Are you planning on buying real estate in Austin Texas this year? If so, you’re making a smart choice! The Austin Texas real estate market has continued to be on fire in recent years and a recent study has also shown that the ATX area is also a great place to buy a property if you want it to increase in value. 368% Growth Since 1997 Thanks to a recent study by Smart Asset, we know that Austin Texas real estate has appreciated by 368% since 1997. Compare that with Flint, Michigan, the lowest-ranking market. Homes have appreciated by an average of 83% in the same period and carry a…
-
Texas Realtors: Austin median home price jumped nearly double the state average in 2021
A new report from the Texas Realtors showed the statewide real estate market in 2021 was hot, but the Austin-Round Rock market was even hotter. While statewide median home prices jumped 15.7% from 2020 to $300,000, the report said median home prices in Austin-Round Rock shot up nearly 31% to $450,000 since 2020. Since 2018, median home prices have climbed $145,000 — meaning the median home price just four years ago was $305,000. It was the seventh consecutive year the median home price in Texas rose, the report said. The report, which is the 2021 year-end report by Texas Realtors, said Austin has the highest average rent of anywhere…
-
February 2022 – Austin Real Estate Market Update
The Austin Board of Realtors is reporting record breaking sales for the 10th consecutive year. 2021 units sold increased 2.5% compared to 2020. Median home prices are also up 30.8% over 2020 to a whopping $450,000. It’s important to note that December sales decreased year over year by 4% marking the 6th consecutive month for declining sales. The MLS is currently showing an 11% decrease for units sold for January 2022; the 7th consecutive month. This time last year, there were less than 1000 units for sale in the greater Austin area. Though the listing count rose steadily throughout 2021, today, there are currently only 1273 active units. Travis County currently has only 611 units for sale. Austin named the No. 1 housing market for millennials in 2022 Stop…
-
Burgeoning Austin suburb boasts second-hottest neighborhood for U.S. homebuyers
he population of Leander soared 123 percent from 2010 to 2020, and the growth shows no signs of letting up. A new report from residential real estate platform Opendoor provides further evidence of the continued popularity of the Williamson County suburb. Leander’s 78641 ZIP code ranks second on Opendoor’s new list of the country’s 10 most popular ZIP codes for homebuyers. To develop the list, Opendoor analyzed home sales in 2021 in the more than 40 markets where it operates brokerages. Chris Westrom, Opendoor’s senior general manager in Austin, says Leander benefits from the population and job growth occurring throughout the metro area. “Leander … offers residents a smaller-town charm while only being about…
-
Keep Austin Weird revives live events with brunch run and big concert
In the weird and wonderful spirit of Austin, let it be known the best way to motivate 5K runners is to end the race with brunch. That’s just part of what’s on the menu for this year’s Keep Austin Weird events, which are returning to live, in-person weirdness following a pandemic-forced virtual celebration in 2020. Taking place Sunday, September 5, the newly dubbed Keep Austin Weird Live — a series of experiential events and activations inspired by the Capital City’s long-held mantra — gets up and running with the third annual 5.12K Run to Brunch and culminates with a brand new Labor Day weekend concert at Fair Market. Community-based running…
-
Beware, home buyers: A record number of homes are selling above their asking price
This year’s spring home-buying season is set to be one of the most competitive ever, as the pandemic continues to stoke interest in homeownership. And home prices are skyrocketing as a result. A new report from real-estate brokerage Redfin RDFN, -0.22% found that 39% of homes sold above their listing price during the four-week period ending March 21, an all-time high. That figure is 15 percentage points higher than during the same stretch of time a year ago. The median home-sale price was $331,590, Redfin reported, which represented a 16% increase from a year ago. Researchers noted, though, that the year-over-year comparisons may be skewed by the fact that around a year ago, states were…
-
7 things to know in Austin food right now
The city’s most Instagramable Mexican eatery, Gabriela’s Downtown, is planning a South Austin expansion. Founded by siblings and Michoacán natives Gabby and Arturo Bucio, Gabriela’s Downtown opened in early 2018 and has since garnered a great deal of social media attention for its DJ-scored brunches, house-made choriquesos, and hearty mole enchiladas (and who could forget their colorful array of alcoholic options including fruity margarita flights and chamoy-rimmed Modelos). A baby-blue banner announcing the Bucio family’s expansion currently hangs over Gabriela’s forthcoming south location at 9600 S. IH-35, Unit B-500, which is on track to open in spring/summer. A restaurant/bar hybrid is shooting onto South Congress. White Tiger is the brainchild of notorious restaurateur…
-
It’s important for everyone to be a good human,’ Austin teen named TIME’s Kid of the Year finalist
AUSTIN (KXAN) — A 16-year-old from Austin is one of the finalist for TIME’s Kid of the Year. TIME said Austin’s Ian McKenna was selected to be one of the five finalists for Kid of the Year out of 5,000 nominees between the ages of eight and 16 in the U.S. TIME partnered with Nickelodeon to find the TIME’s first ever 2020 Kid of the Year. The five finalists will get to contribute to TIME, be a kids reporter for TIME for Kids and receive a cash prize. McKenna uses his gardening skills to help fight hunger in the Austin area. In third grade, he built a community garden at…
