Thirty percent of all home inventory right now is new construction. New home sales continue to decline but who’s benefiting? The answer is…investors. With the excess of inventory, investors have been swooping in and buying up lots in bundles. Builders are so aware of this that they are even setting

Join me for a conversation with @KevinKnight_atx, @ianofaustin and @loanswithsarah to discuss the direction of the housing market.  Leave me a comment about what you predict will happen in the upcoming months with the housing market and why you feel this way. Ian- “If the housing crash happens, then

First time since August 2021 prices drop, way lower than even I predicted.  Austin went from 667K to 615K in one month. It’s going to take more inventory in the market to see prices drop more. New construction makes up 30% of all sales. So, we are finally seeing completion of new construction homes

What should you know if you’re thinking about selling? If you own a home, you get to deduct things from your taxes that renters don’t.  It’s no secret that your home is an investment the longer you stay in it.  Don’t buy if you are looking to sell in two years. Crash or no crash- you need to have l

Let me be clear, I love Austin and everything about it.  If I had the choice, I would live downtown.  I love how crazy and cool this city is. But let’s explore reasons why people would leave now and the last reason is the only reason why I chose to leave. Property Taxes on the rise Prop A and B pa

Prices have gotten out of control during the pandemic. The median home price in Austin is 615K while in surrounding Austin areas it is 537K.  Rental rates have also skyrocketed.  The city just released a 350 million affordable housing bond for the November ballot. This usually works by the city bui

The economy in Austin often seems bullet proof to a recession because of all the fluid growth happening here monthly.  Let’s review 5 things coming soon to Austin which will further positively impact our city and surrounding communities. I)- Micron Chip Making Company- Lockhart, TX. This is an are

CNBC just released an announcement that, “Bank of America launches zero down payment of mortgages to help minorities buy their first homes.” (09/01/22)  They later edited to include not only minorities but communities that reside within certain places that have low home ownership so you do not have

  Austin Prices Drop- Find Out Where Where should you buy that you couldn’t before? Find out what areas you now have the power to negotiate LOWER than the listed price.  Here are the Top 5 areas that have experienced a rapid price decrease: WESTLAKE- 1.7 Million Average Price Range This is a highly