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Austin home prices are up 36% since this time last year, report says
AUSTIN, Texas — Austin’s housing prices are still rising month to month, according to Realtor.com’s July Housing Report. Realtor.com reports that Austin home prices are up 36% year-over-year. Nationally, listings are up and small home prices are down, according to the July report. Realtor.com reports new listing increases are the highest in Midwestern cities like Columbus, Ohio, Cleveland and Milwaukee. Realtor.com also reported that while inventory is still lower nationally compared to last year, the rate of decline is improving. The U.S. median listing price was $385,000, a 10.3% increase year-over-year, and the typical U.S. home spent 38 days on the market in July. But in Austin, homes go faster and cost…
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Construction Continues In Downtown Austin Despite Pandemic
AUSTIN, Texas — The City of Austin’s growth downtown hasn’t slowed down much during the coronavirus pandemic, as more than two dozen projects keep pushing ahead that’ll continue changing the skyline. According to data kept by the Downtown Austin Alliance, only one project has been canceled because of the pandemic. Five others have been completed. There are 26 projects under construction with 25 others proposed or in planning, according to DAA data. “The activity that we see in downtown right now is an indication of the very healthy real estate market economy that we had when we entered this pandemic,” said Michele Van Hyfte, vice president of urban design for the Downtown Austin Alliance.…
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Austin Real Estate Market January – June 2019 Update
Are you planning on buying a home in the Austin Texas area before the end of 2019? If so, the good news is that the local real estate market remains strong. During the first six months of 2019 homes sales in the greater Austin Texas area actually rose by 4.3 percent while home sales in the city of Austin declined by 1.6 percent (Source – Austin Board of Realtors). “We have seen slight dips in Austin’s home sales before, but because this decrease is over the course of six months, it could be indicative of a larger trend,” Kevin P. Scanlan, 2019 president of the Austin Board of REALTORS®, said.…
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Looking Ahead To The 2017 Housing Market
Looking ahead to the 2017 Housing Market Blame it on the election cycle, the climbing interest rates or affordability, and I’ve heard it all, the central Texas housing rate of growth very clearly slowed in 2016 compared to previous years. The good news is that the Austin metro area had another record breaking year with home values and sales. Though the housing market traditionally slows every presidential election year, I wouldn’t blame the second half of last year being slower than the previous three years solely on the election. The normalization of our market in 2016, meaning a less aggressive rate of growth, will likely continue – though check out the…
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New To The Austin MLS: “CS” Listings
New to the Austin MLS: “CS” listings For a few years, local buyers have had countless reasons to be frustrated. The lack of inventory has made it difficult to win offers and often they’ve missed out on opportunities entirely as some homes contract without ever hitting the open market. Realtors have tried countless ways to adapt creating numerous underground market portals that only fractions of the local Realtor community actually join. But now, a game changer from the Austin Board of Realtors (ABOR) and I think sellers and buyers will be pleased! The Austin Board of Realtors has launched a new MLS status called Coming Soon or CS. This new status was implemented in an effort…
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May Is National Moving Month
Hard to believe but it’s already May which means it’s National Moving Month! May marks the beginning of the peak sales season for real estate where we’ll see nearly 50% of 2015’s housing transactions take place. If the reported number of homes going pending in April holds true, we’ll see a 10-year high in closed units during May; a record we may break several times this summer as interest rates remain below 4%. More than half of our May 2015 home sellers built their plan with us a year ago. Whether you are ready to make a move this summer or are considering one for next year, we should meet now and build the plan together!
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What Does Every Home Owner Want To Know?
Time and again, I’m asked the one question home owners want to know most, “what did my neighbor’s home sell for?” Real Estate In ATX is proud to now offer Market Snapshot to answer that very question with a free monthly report, custom fit to your home. It’s easy to sign up for and you don’t have to talk to anyone to get the info! Sign up today and share with your friends. Help them find the answer the question everyone is asking! VisitATXHomeReports.com to sign up for your report now. Of course if you are preparing to sell your home, call me and we’ll start building the right strategy for you.
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Forecasting 2014: “Nothing Much New Here”
After attending a series of panels and seminars focused on the economic forecast for the Austin metro area, it appears 2014 is shaping up to be more of the same. With every major stat tracking toward the positive other than inventory, it feels as if there’s “nothing much new here” to report. Still, let’s try! TRENDS 2013 finally brought a gentle rise in interest rates, something we’ve all been warned about for years. As the Fed just began tapering debt purchases within the past couple of weeks, it seems we’ve already seen the largest jump in interest rates. Though we will see continued increases in interest rates, often forecasted between…
