Austin Real Estate News July 2021

Austin real estate news shows the June market volume of homes sold set records once again.  According to the Austin Board of REALTORS® (ABoR) June and Midyear Central Texas Housing Market Report, 4,369 homes sold in June, a record for June, across the Austin-Round Rock Metropolitan Statistical Area (MSA), an 8.6% increase year over year. The record-setting number of transactions for any June on record contributed to an increase of 16.5% to 19,991 home sales during the first half of 2021.
Continue reading

Want to Sell your Home? What Else do you Want?

Want to Sell your Home?  The Real Estate Center at Texas A&M University asked if I would write a blog article a couple of weeks ago directed to agents. The market has changed a lot in a very short time. As busy as I am, it has taken even me a minute to adjust, so it is hard to wrap my head around how hard it must be for new agents or even those less active than I. The article I wrote was about having a ‘show me the money’ meeting with buyers. Getting pre-approved for a loan doesn’t necessarily mean you have enough money to buy a home in Austin. It just means you qualify for a loan. Continue reading

Central Texas March Housing Market Madness

Central Texas March housing market data is out and the numbers certainly reflect the madness active participants have experienced first hand.  The Austin real estate market continues to soar at a record pace. One thing to note here is that we essentially hit the pause button last year on March 13. Was I essential? Could I still show homes? When could we leave our home? I’m not saying it’s not crazy out there, but comparing March YOY specifically is a bit of an outlier in terms of data. Time will tell. Continue reading

Selling a Home in Austin through the Looking Glass

Selling a home in Austin can be a strange experience as a homeowner right now. Austin is weird. Why should selling a home be any different? There are tons of mixed messages out there in terms of what to expect when selling a home in Austin. Yes, Austin is a hot real estate market. It’s been a hot market for years, that is not new news. What’s changed is the proportion of different buyers that make up the market.

Selling a Home in Austin

Austin has always had an influx of new residents. In recent years, the amount of inbound out-of-state new buyers has increased at an exponential speed creating a new narrative when talking about Austin’s affordability. Continue reading

Austin Real Estate News for March

Austin real estate in March continues to tell the tale of what happens to the housing market when supply and demand drastically become out of balance. According to a recent article from the National Association of Realtors, the market nationally needs about $2.7 million homes to level out. That’s not only a lot of homes but considering there is a lumber shortage, even new home production cannot adequately make up the deficit. Continue reading

How to Buy a House in Austin

Want to buy a house in Austin? The Austin real estate market is very fluid right now. It is data-informed and not as data-driven as I would like. A non-data-driven market is volatile when it comes to home values and hard to predict because much of it is based on how much cash someone has available and how much emotion is driving the decision. Continue reading

Austin Housing Market Froze in the Snowpocalypse

The Austin Housing Market sat frozen with much of Central Texas last week, as the city sat with no power, no water, and no clear end in sight.  If you’ve never heard my accent before, you may not be aware that I am originally from the Northeast coast. Growing up on the border of New York and New Jersey, I am used to snow. I am used to several feet of snow, having to wait for a plow to come through my street and then through my driveway just to be able to go to work. Yes, we drive in the snow on the east coast, it happens too frequently not to. There is a difference between driving in snow and ice though, and certainly a difference in having a 4WD vehicle.  Continue reading