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...
As we know, there’s an inventory shortage of homes, and prices are on the rise. In large part, the pandemic has contributed to this shortage, especially when paired with historically low-interest rates. One survey revealed that 55% of people said they regret taking out a mortgage during the pandemic. But you can avoid homebuyers remorse, even during this competitive market. Before purchasing, learn the...
Hot is no longer the right word to describe the Austin real estate market. Thanks to the little supply and high demand, the market is extreme, overheated, and supercharged. The lack of supply and increase in demand makes it one of the most competitive housing markets in the country. But why and how? Homebuyers have continued to move into the area. A Census Bureau report from March 2020 shows that the...
We’re sure you’ve heard this saying over and over again but, we’re going to repeat it! The housing market is insane right now! There’s a high demand for houses but little inventory, which creates a seller’s market. It works in favor of sellers and might hurt buyers, but there’s a tactic changing the real estate market. It’s called an appraisal waiver. What is an appraisal waiver? An...
The first anniversary is coming up! Anniversary of what, you may ask. The anniversary of people living and working from home thanks to a pandemic, of course. From this one year, real estate agents and home professionals have realized there’s a popular trend in what homeowners seek in a home now. So whether you’re selling your Austin-area home or looking for someone to occupy your property, consider...
There has never been a better time to invest in Austin real estate. We want to set you up for success, so we’re going to cover common real estate investment mistakes like improvements that will provide the most return on cost, who you need on your investing team to be successful, what to research before buying an investment property, the importance of screening tenants effectively, and...
A pandemic causing people to live and work from home for the last year has forced us to evaluate our homes and their layouts. These home designs are almost necessary to have in a living space now. 1. Closed Floor Plans are Making a Comeback While open floor plans were a popular layout, it’s now outdated when you live and work at home. Now, people want more privacy in their homes. Some people may...
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...
2020 is going down in history as the longest year and most challenging and unique...at least for the real estate market! This year has been touched by higher unemployment, natural disasters, presidential and local elections, and, duh, a pandemic. These factors have influenced the real estate market, so let’s break down how...before we say “goodbye” to 2020. Booming House Sales Especially with...