General topics regarding Austin Real Estate from an Austin realtor perspective.
There are currently 75 blog entries related to this category.
Wednesday, December 12th, 2018 at 3:09pm. 858 Views
Homebuyers today are relying heavily on both technological resources and their Realtors® as they navigate the process of home shopping and closing, according to the National Association of Realtors®' Real Estate in a Digital Age report.
According to the report, finding the right home ranked as the most difficult step in purchasing a home, and 44 percent of buyers in 2018 started their home search by looking at properties online. This was the same level as in 2017. Rates of utilizing the internet varied by age: 99 percent of millennials used the internet to search homes, as did 90 percent of older boomers, while older boomers used mobile devices at only 21 percent compared to 58 percent of boomers.
Even with the boost of technology, however, 87…
Sunday, July 22nd, 2018 at 4:18pm. 744 Views
Increases in energy and manufacturing activity led to a continued expansion in the Texas economy for May 2018, according to the Real Estate Center at Texas A&M University. Workers also are being drawn back into the workforce, due to low unemployment.
The Dallas Fed's Business-Cycle Index rose 5.5 percent, to its highest level since 2014. Houston was up 6.2 percent due to growth in the energy industry, and Austin also was up 6.2 percent, due to a “booming technology industry.” The Texas Leading Economic Index, which measures future changes, was up 5.7 percent in growth year over year. This was a decrease in pace, however, and caused growth in the statewide employment forecast to decrease from 3.6 percent to 3.3 percent.
The 30-year-fixed-rate for…
Friday, September 15th, 2017 at 5:01pm. 944 Views
Mortgage applications surged in mid-September 2017, with applications for home purchases and refinances jumping 9.9 percent on a seasonally adjusted basis, according to the Mortgage Bankers Association and as reported by Realtor® Magazine.
Mortgage rates were among the lowest of the past year, with the 30-year fixed-rate mortgage rate averaging 4.03 percent during the week ending September 8, 2017, dropping from 4.06 percent the week prior, the MBA reported.
“Overall, mortgage rates continued to decline last week with the 30-year fixed rate decreasing three basis points to its lowest level since the 2016 election,” said MBA Economist Joel Kan. “Rates have decreased almost 20 basis points since mid-July.”
Home purchase applications were up 11…
Friday, June 9th, 2017 at 2:07pm. 1,150 Views
Thirty-year mortgage rates hit their lowest level in almost seven months during the week ending June 8, 2017, falling to 3.89 percent, according to Freddie Mac data as reported by Realtor® Magazine. The article suggests “home buyers may want to rush to lock in” their rates.
The 10-year Treasury yield dropped three basis points during the week ending June 8, 2017, and according to Freddie Mac Chief Economist Sean Becketti, “The 30-year mortgage rate moved in tandem with Treasury yields, falling 5 basis points to 3.89 percent. Mixed economic data and increasing uncertainty are continuing to push rates to the lowest levels in nearly seven months."
The 3.89 percent average for 30-year fixed-rate mortgages with an average of 0.5 points down was a…
Friday, June 9th, 2017 at 1:33pm. 1,166 Views
Americans who think now is a good time to sell homes hit a record high of 32 percent in May 2017, according to Fannie Mae’s latest Home Purchase Sentiment Index and reported by Realtor® Magazine. Accordingly, the number of Americans who say now is a good time to buy homes fell by eight percent to 27 percent, reaching a record low.
“High home prices have led many consumers to give us the first clear indication we’ve seen in the National Housing Survey’s seven-year history that they think it’s now a seller’s market,” says Fannie Mae Chief Economist Doug Duncan. However, he said that prospective homebuyers will likely face continued home price increases as long as the housing supply remains tight. “We continue to see a lack of housing supply as many…
Sunday, April 30th, 2017 at 8:21pm. 1,245 Views
I'm now verging on 10 years in the residential real estate business this June 2017, having started in commercial/corporate real estate for my first nine years in 1998. Over the last 10 years, I've sold approximately 174 homes personally, and during 2018, I likely will hit my 200th residential sale. This does not include the hundreds of homes sold by my agents for which I'm responsible and have oversight. I've trained many agents both new and experienced alike and have served as crisis manager for many challenges that are inherent to the business. And with all this experience comes insight and wisdom, yet the acknowledgement that there is always the potential for something new and challenging that can arise at any time. Nobody is perfect, but we are only…
Wednesday, April 26th, 2017 at 2:30pm. 1,188 Views
The Austin Business Journal, in partnership with information from Metrostudy Inc., released a list of the fastest growing new construction neighborhoods in the Greater Austin area, with results including neighborhoods in Travis, Williamson, Hays, Bastrop, and Caldwell counties. As reported by the Real Estate Center at Texas A&M University, the results track one year of activity from 1Q 2016 through 4Q 2016 and are based on housing starts, when foundations are poured.
Here are the fastest growing neighborhoods in the Austin area for 2016:
With 426 home starts, Siena at Highway 79 and SH 130 was the fastest growing new construction neighborhood in the Greater Austin area. Homes range from $212k to $380k. With 313 new home starts, Sun City Texas by Del…
Wednesday, July 13th, 2016 at 1:06pm. 1,533 Views
Condominium sales in Texas’ major metro areas increased during the first half of 2016, seeing demand over townhomes and single-family homes among young professionals and retirees, according to the Texas Association of REALTORS® Texas Condominium Mid-Year Sales Report.
The metros of Austin, Dallas, Houston, and San Antonio experienced increases in condo sales between January 2016 and May 2016 when compared to the same six-month period last year. Townhomes saw a slight decrease.
“Many young urban professionals and newly retired baby boomers are buying condos, as they provide an affordable alternative to single-family homes and townhomes,” said TAR Chairman Leslie Rouda Smith. “These Millennials and retirees don’t want the upkeep of a traditional,…
Monday, August 31st, 2015 at 10:48am. 1,482 Views
Austin has grown tremendously over recent years, and much of this growth has pushed into the many suburbs surrounding the capital city. These suburbs are seeing their own tremendous growth as people move outward, whether for jobs or for school districts or for homes. And it looks like the growth will continue.
A recent LawnStarter analysis shows that, in Texas, the 10 fastest-growing big suburbs from 2013 to 2014 are projected to grow at least 20 percent over the next 15 years. Three of these are in the Austin area: Georgetown, which came in as the second fastest growing, San Marcos at number three, and Cedar Park at number five. The LawnStarter analysis used data from the U.S. Census Bureau and the Texas Water Development Board to reach their…
Friday, August 14th, 2015 at 1:14pm. 1,857 Views
Austin Home Search App by Regent Property Group is the Android App for Austin, Texas Real Estate
Regent Property Group has released a new Austin home search app for Android devices. Following Regent's successful release of the iOS app earlier this year, the Austin Real Estate App allows prospective homebuyers to search MLS listings on their mobile devices with lightning fast speed - and to be notified when a property that fits their criteria hits the market.
Driving through a neighborhood you like? Utilize the “nearby homes for sale” feature to quickly pull up available listings in the area. Refine your price range, property type, number of bedrooms and bathrooms, square footage, and lot size to receive custom results just for you!