Buying a home virtually is the new standard, thanks to the pandemic. Virtual and video tours replaced open houses, and buyers bought homes without viewing them in person. Here are two crucial tips to find your dream home virtually this year. Tip #1 to Finding Your Dream Home Virtually: Be Open-Minded Be realistic about your expectations for your future dream home and how it appears on a...
Bidding wars greatly influenced home prices last year. They typically happen when there’s a lack of inventory because multiple buyers want the same property, so they compete against each other by making more attractive bids, which drives up home prices. Bidding wars have continued throughout the pandemic and are predicted to continue in a post-pandemic market in 2022. Home prices are slowly coming down,...
PwC and The Urban Land Institute released their “Emerging Trends in Real Estate® 2022” report. The report covers the topic of how real estate is recovering from the pandemic. The data comes from almost 1,700 real estate industry experts like investors, fund managers, developers, lenders, brokers, and more. Here are the emerging trends for real estate next year. Emerging Trend #1: Climate Risks and...
Besides the almost constant sunshine, Texas appeals to new residents for low taxes. According to a new report, for everyone who left low-tax states in the past eight years, an average of four people moved to those same states. Nevada, Florida, South Carolina, and Texas are at the top of the low-tax states attracting new residents. Texas ranks as the eighth-lowest rate in the county. Our Lonestar state...
The pandemic had a significant impact on real estate and housing during 2020 and millennials had an impact. More people than ever worked from home (and continue to), which has led to increased demand for specific features in a home, such as a dedicated home office or gym. During the pandemic, we’ve also seen mortgage rates hover near historic lows, which has helped make houses more affordable. The...
During the pandemic, Elon Musk announced he’s bringing his businesses, Tesla, Space X, and the Boring Company, to Austin. Oracle recently announced they’re relocating their headquarters to Oracle as well. Dropbox’s CEO also announced plans to move to Austin. Some have labeled it as a “tech exodus” from the Bay area. Austin is not only a popular location for new businesses, but current...
Austin is a unique city that poses a good problem for its residents -- choosing where to live! The city itself is vibrant and eclectic, but with so many booming suburbs with varying commute times into the city, it can be hard to narrow down where you want to live. If you find yourself debating where you should live, check out some of the important factors to consider when living in the city vs. living in...
Texas was already home to 3 cities with over 1 million residents, but that number has grown to 4 cities with a booming population. Austin has officially joined the ranks of its larger counterparts - Dallas, Houston, and San Antonio - as one of only 11 cities with at least 1 million residents. The City of Austin has released new data that estimates 1,003,615 people are residing within the city as of...
2020 has come with several ups and downs as well as changes to industries, schools, and cities. But Austin isn’t new to change. In fact, we see it regularly in the evolving skyline, the new businesses opening their doors, the new developments hitting the news, and the construction sounds that surround us. It’s almost guaranteed that we will continue to experience growth for quite some time, especially...
With new businesses coming to Austin and the surrounding areas, as well as existing offices expanding and searching for larger spaces to hold their growing teams, the population and demand for residences are climbing in numbers. There aren’t many places that have been left untouched by the recent boom, but there are some areas that may be seeing the increase in people flocking to their neighborhoods...