• New Year

    Happy New Year from Real Estate in ATX!

    2020 is here and with the start of a new year also comes the beginning of a new decade. The last decade saw tremendous growth for the real estate market, especially in Austin Texas, where the local market doesn’t resemble the housing market that we had 10 years ago. Don’t Let Another 10 Years Go by Without Owning A Home With the start of the 2020’s, most economists are predicting that the real estate market as a whole will continue enjoying sustainable growth. Don’t let 2020 be another year that you sit “on the sidelines” waiting to buy a home, make the decision to buy a home now by getting…

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  • Home Sales Tips

    Selling Your Home In The Spring? Click Here For These Tips!

    Are you planning on selling your Austin Texas home this spring? If so, there’s no doubt that spring can be an excellent time to sell a home especially if you follow these tips. 1. Learn thе mаrkеt Thе reports of a seller’s mаrkеt аrе grеаtlу exaggerated — whісh іѕ to say еvеrу zір code is dіffеrеnt. If уоu wаnt tо еxреdіtе a sale, your рrореrtу hаѕ tо bе mаrkеtеd properly аnd bе рrісеd аррrорrіаtеlу. 2. Avoid over-pricing Grаduаl price drорѕ ѕіgnаl tо house huntеrѕ thаt mоrе decreases are tо соmе pluѕ, іf уоur hоmе sits оn thе market long еnоugh, рrоѕресtіvе buyers wіll wоndеr what’s wrong wіth іt. In thе…

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  • Austin Texas Real Estate Market Update,  Real Estate Tips,  Selling in Austin

    Time again for your annual home review!

    Are you ready for 2019? This is that time of year to chat with your favorite Realtor for your annual home review. As your home is likely your biggest investment,  it’s critical to consider these 5 questions every year: What changes have occurred in your life that alter your goals for the next 5 years? What properties near you have sold, and how does this impact you today? What’s happening in your neighborhood that will impact the value of your home? What’s occurring with your current mortgage and what changes could benefit you? What new tax laws give you deductions or credits on home improvements? Message me now and let’s answer these together to make…

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  • Real Estate Tips,  Selling in Austin,  Stats

    FAQ: When is the best time to sell my home?

    One of the questions I receive the most is, “when is the best time to sell a home”.  There are many ways to dissect this, most notably is your own personal situation. But assuming one has no outside pressure and is simply trying to “market time” the sale, let’s see if we can shed a little light statistically. It’s no secret that the home selling season follows the school year and the bulk of recorded sales in the MLS definitely show this. May through August consistently have the highest number of closings and that of course has been the case for at least the past five years. (Click to enlarge:…

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  • Buying in Austin,  Real Estate Tips,  Selling in Austin,  Stats

    Market Quick Hits = Opportunity

    Market Quick Hits “We often miss opportunity because it’s dressed in overalls and looks like work” ― Thomas Edison Units closed in April 2017 decreased 3.8% compared to April 2016. Year to date we’re up 1%. The Austin MSA inventory is up 16.9%, 15.1% in Travis County and 14.6% in Austin City Limits. Year to date condo sales are up 13%. Condos currently represent 10% of the total sales in the Austin MSA and 20% of the total sales in Austin city limits. Current interest rates for a 30-year fixed are 4%; down 0.125% from the beginning of May. Builder incentives and seller concessions are on the rise once again. Percentage of sold price…

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  • Buying in Austin

    For Buyers: What’s It Worth

        FOR BUYERS: WHAT’S IT WORTH? Many people view homeownership as a primary goal, even when the initial benefits aren’t financial. I’m an Accredited Buyer’s Representative (ABR®) and I’d love to discuss your homeownership goals! Report: Homeownership Is More Than Just the Facts by Suzanne De Vita. © 2017 RISMedia.

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  • Real Estate Tips,  Stats

    1Q17 Market Watch

    How’s that real estate market, you ask? 1Q17 single family units sold were 0.5% higher compared to 1Q16.  This is a clear continuation of the market slowdown we noted previously, but make no mistake, we are still on pace to beat last year’s numbers. Even if it’s just by 0.5%What continues to raise my eyebrow is the interest rate increases over the last 9 months. Consider the graph above that shows the interest rate fluctuation for a 30-year fixed rate mortgage over the last 5 years. If you are considering a home  purchase, think about this: A July 2016 homebuyer had an average interest rate of 3.41%, an average price of $353K, and a monthly principal and interest (PI) payment of $1,560. Today,…

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  • Stats

    Board of Realtor Stats vs MLS Data – Jan 2017

    The Austin Board of Realtors (ABOR) just released their report on January home sales. As we wait for all the media to report the data, I think it’s a fun exercise to check that data. The graphic below illustrates the difference in ABOR’s data and that which you can find in Matrix (the software Realtors use to list properties and to find opportunities for prospective home buyers). The top of the graphic is ABOR’s data. The bottom shows screenshots of the MLS data found in Matrix. Of note, demand, represented in the ABOR graphic is up 7% while Matrix shows a 4.4% increase. Supply represented in the graphic by months of…

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  • Buying in Austin,  Real Estate Tips,  Selling in Austin,  Stats

    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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  • Buying in Austin,  Real Estate Tips,  Selling in Austin,  Stats

    Reviewing the 2016 Housing Market

    “Change in the Air”Reviewing the Housing Market 2016 proved to be another solid year for Texas home owners, sellers and buyers. Here in Central Texas, home values continued to climb to record numbers as did the total units and dollar volume sold. But with change hanging over heads all year long, it’s little surprise to see some rates of change slow to a more “normal” market, as yours truly projected last January. This time last year the Austin Board of Realtors reported that during 2015 the metro area saw 5% growth in terms of units closed and an appreciation rate of 8%, and citing it was “primarily due to our…

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