In December, the City of Austin approved Phase 1 of The HOME Initiative delivering a preliminary set of short but significant changes to the land development code. Aiming to address growing affordability concerns, this initiative marks a leap towards progressive development in Austin. Additionally, this groundbreaking initiative will have significant implications for the Austin real estate market; investors and developers alike who take advantage of these new opportunities quickly will be well positioned for successful ventures. What is Phase 1 of Austin’s HOME Initiative? The HOME Initiative ..read more

Have you noticed all the cranes taking over the Austin skyline lately? It's no surprise that Austin has been experiencing significant growth in recent years, and while construction cranes dotting the skyline are nothing new, the sheer volume of cranes today is overwhelming. This begs the question, what are all of the cranes building?  There are a diverse array of residential and commercial projects breaking ground in downtown Austin.  Here’s a summary of a few of the biggest projects sprouting up on the Austin skyline. ​ 1) Waterline 98 Red River St.  The Waterline is a massive ..read more

The Austin real estate market is always in flux, and January 2023 is no exception. In this post, we'll take a look at the current state of the market, analyze home prices, and discuss the forecast for the Austin housing market in the coming months. Whether you're thinking of buying or selling a home, it's important to stay informed about the local real estate market. Home Prices in Austin The median home price in Austin has been rising year over year in the greater Austin area, and 2022 was no exception.  Last year, the median sales price in the Austin-Round Rock MSA rose 11.4% to $503,0 ..read more

As interest rates continue to rise, the housing market is certainly cooling off compared to last year.  While these high interest rates are turning off many buyers, it’s actually an ideal time to purchase real estate.  There’s more inventory available now than there has been at any point in the last decade, prices are dropping, and buyers now have the upper hand when it comes to negotiating any contract terms. However, if you don’t have ample cash on hand you may still be concerned about the affordability of purchasing a home.  While the novice buyer is intimidated by the curre ..read more

The Austin real estate market looks a lot different than it did just a few months ago.  Where buyer’s once had to offer over asking price, free seller leasebacks, and stipulations to name their first born child after the seller just to purchase a home we are now seeing something very drastic.  Sellers are, more times than not, getting one offer rather than twenty-six, offering monetary concessions to the buyer, and even accepting offers lower than their asking price.  This does not imply the greater Austin real estate market is imploding; rather, the market is simply shifting ..read more

If you’re considering selling your airbnb investment property, there are quite a few things you should consider.  Listing your Austin area vacation rental for sale is far more complex than listing your personal home for sale, and is entirely different than listing a long term rental for sale too.  You’re going to need to think about your market seasonality, existing bookings, furnishings and much more.  Here are five things to consider before selling your Austin area vacation rental investment property. 1. Timing the Sale The most popular days for buyers to tour properties for ..read more

Multiple offers are back in the Austin metro area.  In fact, every home I have written an offer on so far this year has been in a multiple offer situation.  So, how do you make your offer stand out to the seller? While price is oftentimes an important component when a seller is comparing multiple offers, it's not the only factor that affects which offer they ultimately choose.  The strength of the offer, the terms that align best with the seller’s goals, and facts about you (the buyer) can also sway the seller’s decision. Aside from offering the seller a higher sales price, her ..read more

Now that 2021 has finally come to an end, we can finally assess the state of the Austin real estate market over the past year in its entirety. It felt wild, and now the stats show it truly was one for the records.  Home prices appreciated far more in 2021 than ever before.  We saw median sales prices rise more than $100K in almost every city in the metro area, and homes sold at record paces too. In the City of Austin, the median sales price for single family homes rose to $605,000.  That’s up more than 30% since last year.  From 2015 to 2019 it was typical to see single di ..read more

A ..read more

A ..read more