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Market Report

Found 19 blog entries about Market Report.

Austin-Round Rock MSA

In the five-county MSA, home sales dollar volume in August 2018 jumped 10.5 percent year over year to $1,208,374,131. This is partially due to continued growth in home prices, as the median price increased 8.2 percent year over year to $322,478. Single-family home sales also set a record in August, rising 3.7 percent to 3,034 sales.

Pending sales growth in August continued to show strong gains throughout the MSA, increasing 12.1 percent year over year to 2,798 pending sales. During the same period, active listings for the five-county MSA increased 4.2 percent to 7,887 listings, while new listings spiked 16 percent to 3,741 listings. Monthly housing inventory remained unchanged from August 2017 at 3.1 months.

“So far, 2018

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I have been following the Land Use Code update process from before it was branded CodeNext. A Land Use Code is the set of regulations a city uses about how property is used and developed. It balances landowner rights while also looking out for overall community interests. A city’s land use code is not to be confused with deed restrictions or HOA rules. A property owner’s plan must meet all these rules.

Codes do get updated (the last in Austin was in 1984) but our land use code is older than that and the principals involved were from a very car-centric frame of mind. As such, the land use code has been a contributing factor to our city's biggest complaints. We also have the problems of so many little fixes, amendments, and neighborhood plans adopted

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Have you ever wondered, “What's so hard about selling a house? I can do that myself.” According to the National Association of REALTORS® (NAR), only 8% of homes sold per year are sold directly by the owner. There is a good reason for this; navigating the complete transaction of a home sale can be complicated. These are the questions you must ask yourself: What do I need to do in order to get the home ready for the market? Should I do any repairs/remodeling before putting it on? How will I market the home? and most importantly, At what price will I sell my home? Of course, within these questions are a hundred other questions that pop up. It can be stressful for the untrained person to consider. By not understanding the issues that can arise in a sales

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2018 Key Dynamics in our Local Real Estate Market

Changes in the Tax Code:  The implications of these changes and all the ways this will affect real estate sales and purchases is not entirely clear. Our CPA and tax attorney affiliates are working toward a fuller understanding, and we at Stanberry are encouraging our clients to take steps to consult their financial and tax advisors to see how these changes might affect them individually.  The reform package caps mortgage interest deductions for primary and secondary residences at $750,000 (down from $1 million today) while capping state and local tax deductions (SALT) at $10,000 (there’s no cap at present), according to language in the new law. We will be watching this closely, educating ourselves,

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There is uncertainty in the stock market, there is uncertainty in the economy, there is uncertainty in the Administration’s handling of the debt and the budget, and there is uncertainty in the likelihood of a military crisis. There is, however, a certainty with housing: People will always need a place to live, there will always be buyers, and always be sellers.  Many of you reading this letter keep a watchful eye on our housing market because you own property, or plan to buy or sell.  The devastation following the hurricane factors into our central Texas market in some predictable ways.

 Pre-hurricane, home prices have been on the rise, due to reduced levels of inventory and continued demand in our area.  We see many buyers struggling to find

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AUSTIN, Texas – July 20, 2017 – Central Texas single-family home sales growth slowed in the first half of 2017 while home prices continued to grow at a steady pace, according to the Mid-Year 2017 Central Texas Housing Market Report released today by the Austin Board of REALTORS® 

Austin-Round Rock Metropolitan Statistical Area (MSA)

Single-family home sales in the five-county Austin-Round Rock MSA rose 2.8 percent year-over-year to 14,958 home sales in the first half of 2017, while the median price rose 6.4 percent year-over-year to $300,000. Home listings also experienced gains in the first half of the year, with active listings jumping 15 percent to 6,153 listings, new listings rising 9.0 percent to 22,293 listings, and pending sales rising

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There was a time not long ago when the feasibility of owning a home in Austin was as simple as having a stable job history, decent credit and some savings. The reality today is slightly different. According to an article in the October 2015 RealtyLine newspaper, “Leaders agree: Austin is becoming less affordable for homebuyers.”

While living in Florida, the residents jokingly said the state bird was the crane—not the stoic birds which grace the water, but the metal kind. Well, now that joke is in Austin. As Travis and surrounding counties see exponential population growth, home buyers and sellers are seeing the repercussions of the growth in housing prices, rental and for sale. No matter where one travels in Travis county, you’ll see some type of

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AUSTIN, Texas – June 15, 2017 – Single-family home sales volume experienced strong gains across the Austin-Round Rock Metropolitan Statistical Area (MSA) in May, while home sales dollar volume topped $1.2 billion and set an all-time high for sales dollar volume, according to the May 2017 Central Texas Housing Market Report released today by the Austin Board of REALTORS®.

Brandy Guthrie, 2017 President of the Austin Board of REALTORS­®, commented, “Housing is the backbone of our region’s economy and the heart of our communities. Housing demand continues to be at an all-time high in and around Austin, indicated by the steady growth in home sales and prices, listing activity, and housing inventory. The concurrent gains in listing activity and

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AUSTIN, Texas – May 16, 2017 – Single-family home sales increased throughout the Austin-Round Rock Metropolitan Statistical Area (MSA) in April, according to the April 2017 Central Texas Housing Market Report released today by the Austin Board of REALTORS®.

Brandy Guthrie, 2017 President of the Austin Board of REALTORS­® commented, “After a slow beginning to the year, increases in single-family home sales, homes on the market, and housing inventory across the region in April 2017 indicate that the Central Texas housing market is ramping up for a strong summer selling season.”

Single-family home sales in the Austin-Round Rock MSA increased 3.2 percent year-over-year in April 2017 to 2,640 home sales. In the city of Austin, single-family home

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March, according to the March 2017 Central Texas Housing Market Report released today by the Austin Board of REALTORS®. Analyzing a growing disparity in market conditions among housing price classes, the report underscored the need for policies that create additional housing capacity to meet the market demand and a broader range of housing types throughout the region.

Brandy Guthrie, 2017 President of the Austin Board of REALTORS® commented, “Growing disparities in housing market conditions at all levels of pricing represent an urgent and immediate need to fill the 'missing middle' in the region’s housing stock. The City of Austin’s CodeNEXT Zoning Comparison released earlier this week has given us a more tangible view of that need and confirmed

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