Kimberly Murphree Blog
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From start to finish, Kimberly and her team will take a smart and sensible approach to serving your real estate needs. With more than two decades of experience, Kimberly will be there to coach you every step of the way. Check out industry-related news and tips along with market trends for the area.
Kimberly Murphree Blog
2w ago
Home Renovations
Does your home suit your needs? One in four people say they outgrew their home after two years. When life’s circumstances change, whether it is family of work-related, it may be time to make a change in he home as well.
Why We Need to Renovate
Family milestones (marriage, newborns, kids growing up)
Loved ones move in (aging parents or returning young adults)
House functionality (damaged roof, no laundry room, outdated kitchen)
Need room for a home office
Space crunch (too few bathrooms, not enough storage)
Options to Consider
Reconfigure how you curre ..read more
Kimberly Murphree Blog
1M ago
January data signals optimism in 2024 for Austin area
The first market analysis of the year released by Unlock MLS shows an increase in residential homes. Homes sold, up 4.3% to 1,667 closed sales, and an uptick in pending sales, which rose 3.8% to 2,480 listings. The data demonstrates that more options are available for potential homebuyers and sellers are feeling optimistic moving into 2024.
Clare Losey, Ph.D., “January marks the fifteenth consecutive month of year-over-year median sales price declines in the Austin Round Rock housing market, empowering more homebuyers to enter our mark ..read more
Kimberly Murphree Blog
1M ago
The #1 Reason People Move: To be Closer to Family What Gets in the Way of Connecting with Loved Ones?
Life gets busy
Financial constraints
Work or health
A vast country with multiple time zones
“Let’s wait for the right time.”
Let’s Strengthen Our Ties!
Visualize your ideal family outcome
Find creative ways to always stay connected
Be realistic with your time and resources
Don’t procrastinate; brainstorm ways to meet in the middle
Let FOMO guide you!
People on the Move!
Declining mortgage rates and significant personal milestones create pent-up demand for both buyers ..read more
Kimberly Murphree Blog
2M ago
2023 CENTRAL TEXAS HOUSING MARKET PERFORMANCE UNDERSCORES NEED FOR IMPROVED HOUSING AFFORDABILITY
Home sales accounted for more than $17 billion in economic activity in 2023
AUSTIN, TX — In 2023, the median price for a home in the Austin-Round Rock MSA decreased 10.2% to $450,000, according to the Austin Board of REALTORS® December 2023 and Year-End Central Texas Housing Market Report. When compared to the steep 24.2% decline in pending sales in 2022, 2023 saw a slight 3.0% decline to 30,353 sales emphasizing that the Central Texas housing market continues to find its footing despite macroecon ..read more
Kimberly Murphree Blog
2M ago
What’s Ahead for the Housing Market
When rates start to decline there will be an influx of buyers and sellers. Housing demand will be fueled by the largest generation of potential homebuyers ever – the millennials.
U.S. Millennial Population: 72 Million
Median age of people moving out of their parents’ house is 26
Median age of first-time buyers: 35
The Impact of Baby Boomers
Largest group of all homeowners are 65+
Buyers 57+ are more likely to downsize
Baby Boomers are 52% of sellers
Average Homeowner Eq ..read more
Kimberly Murphree Blog
3M ago
Home Sales in Austin Remain Strong Despite Continued Higher Rates
Housing inventory increases while median sales prices drop
The median home price across the Austin Round-Rock MSA dropped 8.4% to $424,450 last month. Indicating Austin’s housing supply is becoming available at lower price points, but considerably elevated relative to pre-pandemic levels. While mortgage rates remain elevated, the Central Texas housing market experienced a slight increase in residential homes sold across the MSA, rising 0.2% to 2,065 total sales.
“Buyers in Central Texas now have a more abundant selection of home ..read more
Kimberly Murphree Blog
3M ago
Holiday Season Party Ideas
Host a gathering your family will always remember – a fabulous party featuring a fun theme, curated playlist and plenty of delicious food and drinks. Here are a few creative ideas:
Comfort and Joy Potluck – Ask guests to bring their favorite “comfort food” and its recipe card to share. Try to let everyone know what other guests are making ahead of time to prevent duplicate dishes. Play soothing jazz or easy listening music. Invite guests to wear their favorite pajamas or leisure wear.
My Favorite Things ..read more
Kimberly Murphree Blog
4M ago
ABOR: BUYERS WILLING TO ENTER MARKET
DESPITE HIGHER INTEREST RATES
Closed sales increase, median price declines across MSA
AUSTIN, TX — The median home price across the Austin-Round Rock MSA dropped 7.5% to $435,000 in October, according to the Austin Board of REALTORS®. The market experienced an increase in residential homes sold across the MSA, which rose 4.1% to 2,337 total sales demonstrating that buyers are finding value in the market despite higher interest rates.
“An increase in sales and a jump in pending sales indicates buyers continue to enter the market and are finding ..read more
Kimberly Murphree Blog
5M ago
Austin-Round Rock MSA Housing Market Inventory Hits Highest Level in Over Eight Years Slowing sales indicate affordability constraints for buyers
AUSTIN,TX – In the Austin-Round Rock MSA, housing inventory reached 4.0 months of inventory the highest level in more than eight years, according to the Austin Board of REALTORSⓇ. The market also experienced a drop in closed sales, which decreased by 18.2% year over year to 2,387 sales, and the median close price dipped 4.3% year over year to $452,080, both symptomatic of higher mortgage rates and highlighting the need for sellers to co ..read more
Kimberly Murphree Blog
6M ago
INCREASE IN CLOSED SALES INDICATE CONTINUED BUYER CONFIDENCE ACROSS AUSTIN-ROUND ROCK MSA HOUSING MARKET
In the Austin-Round Rock MSA, closed sales rose by 1.4% to 2,939 sales, the first increase in closed sales year-over-year since February 2022. The region also experienced an 8.8% month-over-month increase in closed sales. Housing inventory also continues to show gradual progress with a year-over-year increase of 1.o month to 3.8 months of inventory.
“Austin’s current housing market allows for potential home buyers to be picky,” Ashley Jackson, 2023 ABoR president, said. “With housing ..read more