Here’s what to know about how our Austin market has fared recently.
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Low interest rates and a strong economy have driven the housing market for the past few years — but the coronavirus epidemic has thrown a temporary wrench in the upward trajectory of home prices. As some buyers have backed out of agreements, either due to job loss or jitters, other buyers might be able to find a great deal. Mortgage interest rates are still low, and if you need to move soon, waiting...
While a lot of homes in the Austin area are flying off the market, houses in the luxury price point are actually sitting on the market a little bit longer. In Austin, we classify a luxury home as a property that’s priced at $1,000,000 or higher. Since these properties are taking a bit longer to sell, you can typically negotiate the price more than you’d be able to on a lower priced home....
TREC NO. 39-8, AMENDMENT As the world nervously watches the spread of COVID-19 (Coronavirus), the pandemic has begun prompting responses from every industry, and nearly every level of organization in the country. How then, has COVID-19 affected the real estate market, especially as we enter what was primed to be an especially hot spring? Lawrence Yu, chief economist for the...
It’s that time of year where house hunters are out in full force. Here are some quick answers to some of the most common questions I hear. Want to Buy a Home? Search All Homes Want to Sell a Home? Get a Home Value Report Here are some of the questions that I’m often asked by my clients and what my answers typically are: What is a short sale? The easiest way to understand a short sale is that...
Stephanie Long is a lot less stressed now than she was just over a year ago, and it’s largely because she’s spending much less time in her car. The interior architect really only has to take her Tesla out of the garage to get one of her children to school and to commute 10 to 15 minutes to her job in East Austin. The decision to move in December 2018 from the Circle C neighborhood in...
When homeowners in Travis County receive their next property tax bill this fall, they will likely noticing something different. The market value of their property will be the same as in 2019. That’s because Travis Central Appraisal District does not plan to reappraise residential properties this year. Contrast that with the significant climb in values in recent years, driven by one of the hottest...
You need an agent by your side when buying new construction. Here’s why. Want to Buy a Home? Search All Homes Want to Sell a Home? Get a Home Value Report When buying a new construction home, it’s imperative to have an agent represent you. We regularly hear new construction homebuyers tell us they don’t believe they need an agent to represent their best...
Before you spend thousands on a new home upgrade, make sure it’ll be worth the cost. Here’s what to avoid. Want to Buy a Home? Search All Homes Want to Sell a Home? Get a Home Value Report Whether you’re thinking about selling your home or simply remodeling it, it’s important to know which upgrades will give you a great return on your investment. Perhaps more...
Source: Austin Business Journal The Federal Reserve left interest rates unchanged at its final meeting of the year and officials signaled that they would wait to see how the economy fared before making another move. Officials penciled in no rate changes next year, according to their latest set of quarterly economic projections, and saw only one move in 2021, followed by a second in 2022. That...