Buying a home is a massive milestone for many people, and it’s one you should be able to achieve. We understand that between closing costs and a 20% down payment, it’s a significant investment, and sometimes, no matter how much you save, it won’t be enough. Especially now that the median sales price has almost increased by 50%! But we’re here to reassure you that you can still buy a home without a...
It’s already a hot Texas summer and summer, and the real estate market doesn’t plan to cool down! According to the National Association of REALTORS®, the median existing-home price jumped up almost 25% compared to last year for an average of $350,300. Home prices are the first challenge; the second is inventory. According to title insurer First American, 115 out of every 10,000 homes were for sale...
HomeLight released their Top Agent Insights Spring 2021 Report! Homelight polled almost 1,400 from February to March to hear their thoughts about the real estate market. Here are some key trends that are or can influence the summer 2021 housing market. 1. Seller’s market continues to intensify and spread this summer. The market is still hot everywhere, giving sellers the upper hand. In Q1 2021, 97%...
We know that Austin is growing a lot, thanks to several businesses relocating and moving to Austin. And it turns out almost half of them are from out of state! StorageCafe, a nationwide self-storage website, analyzed nearly 2 million renter applications and found the following renter trends for 2020. 2020 Renter Trend #1: Renters Prefer Urban, Not Suburban Many reports were coming out last year that...
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...
If you’re selling or you’re struggling to sell your house, you should try staging! Staging affects the buyers’ view of a home. Actually, according to a National Association of REALTORS®’ study, 40% of buyers agents said staging affected most buyer’s view of the home. And it can transform a house so easily and quickly! Here are some reasons why you should stage and the reasons it works. 1....
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...