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Essential Tips That Will Make Your House Stand Out
Selling your house is one of the most exciting things that you can do because of the simple fact that you’re moving on to your next property, and accomplishing your real estate goals. In June 2022, the reality is that the current real estate market has changed as it’s gone from being a seller’s market, to a buyer’s market. This means that sellers must go a step further to get their properties ready for sale and ensure that they get the highest visibility possible. If you’re planning on selling your house for the first time, this article will provide you with tips that you need to know to ensure that…
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Austin housing market showing signs of calming down, according to new report
AUSTIN, Texas — New data released by the Austin Board of Realtors (ABoR) indicates that the real estate market is calming down. According to ABoR’s May market report, housing inventory in the Austin-Round Rock MSA is improving. Active listings skyrocketed 146% compared to last May. That’s a total of 4,173 listings. The rise in listings has caused the housing inventory to more than double to 1.2 months of inventory, up from 0.7 months last May. ABoR reported that last month residential home sales declined 6.7% year over year as the median price rose 19.6%, maintaining the all-time record of $550,000 set in April 2022. Sales dollar volume grew 9% while new listings also…
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3 Things Buyers Should Know About The Housing Market
Planning on buying a home in Austin Texas? If so, now continues to be a great time to buy Real Estate in ATX. Before moving forward with buying a home in Austin Texas, there are several things that you must know about the real estate market including the following: Be Prepared For Rising Monthly Costs 2020 seems like 10 years ago now considering that back then, rates were as low as 3% for a 30-year mortgage, while in 2022 they are now over 5%. This means that home buyers can expect higher monthly costs once they do purchase a home, so it pays to shop around for the lowest mortgage…
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What To Look For When Buying A Fixer Upper Home
Are you planning on buying a fixer-upper home in Austin Texas? If so, you’re not alone. In 2022, many people see buying a fixer-upper home as a path to home ownership but, before just purchasing any property, you have to know what to look for. In this article, I’ll offer you several tips that you can use to effectively buy a fixer-upper home in Austin that’s not going to become a money pit. Dry Rot One of the first things to look for before purchasing a fixer-upper property in Austin Texas is dry rot. This typically occurs when water gets into the frame of the house and the wood expands…
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Austin booms among top real estate markets for new homes, report says
The Austin new-home market is booming, according to a new ranking from real estate platform Point2. Austin is tied with San Antonio for third place on the list of the major U.S. cities with the most new homes for sale that were built in or after 2012. The ranking is based on active listings from Point2, Redfin, Realtor.com, and Zillow during the last week of April. For Austin and San Antonio, the number of new homes on the market represented a 42 percent share of all homes for sale. El Paso topped the list, with 51 percent of homes for sale being built in or after 2012. At the opposite end of…
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2905 E 13th Street – Austin Texas Home For Sale
Searching for an Austin Texas home for sale? If so, don’t miss 2905 E 13th Street in Austin! Located just two miles from downtown Austin, this 3 bedroom, 3 bath home offers 1,780 square feet and a large lot with plenty of room for anyone to enjoy their piece of Austin Texas. About 2905 E 13th Street Large and spacious, this $900,000 home is also located in a great neighborhood that’s also close to the newly improved Upper Boggy Creek Trail and there are plenty of great shops, stores, and things to do in the area as well. From this house you will also be able to enjoy downtown fireworks…
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Median price of a home in Austin is now $624,000
AUSTIN, Texas — The latest housing report from the Austin Board of Realtors (ABoR) shows that in March, the median price of a home in Austin rose 22.4% to $624,000 – an all-time record for the city. Last month, ABoR said home sales in Austin decreased 6.3% to 1,048 sales in March, new listings decreased 7.5% to 1,316 listings, active listings rose 20.3% to 533 listings and pending sales dropped by 18.7% to 1,128 pending sales. Monthly housing inventory increased 0.1 months year-over-year to 0.5 months of inventory. “Rising home prices along with nationwide inflation and rising interest rates can seed caution in the market, so it’s important to remember that we are still…
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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…
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Is Home Buyer Demand Starting To Slow?
Even though the real estate market in Austin Texas continues to be ‘on fire’, a recent report from Redfin shows that home buyer demand is starting to slow. Their report comes from analyzing search traffic in the recent month plus an overall decrease in mortgage applications and home tours. Does this mean that we’re getting close to seeing the beginning of the end of seemingly non-stop price increases and demand for real estate in recent years? The answer to this question depends on whom you ask but the reality is that the stats show that the market is changing. Inflation Impact One key factor that is likely to contribute to…
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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…
