Austin Texas Real Estate Blog

Mighty Fine Thursdays are here

Mighty Fine Burgers is partnering with the Gene Arant Team to serve the Four Points area with a little bit of "some downtown"... a food truck!  The Mighty Fine team picked up the brand new 2015, 34-foot Freightliner in San Antonio last week and we are all excited that "Mighty Fine Thursdays" is launching this week.  With the exception of a couple of dates and dependant upon the weather, the truck will be parked in the Gene Arant Team parking lot every Thursday from 5pm to 9pm.  Stop in on your way home from work and grab food to go, or pick up the kids from practice(s) and enjoy your dinner here with us.  Look forward to seeing you!

...

Affordability & Perspective in Real Estate

Inflation is presumable over a 25-year period. Historical observation of consumer pricing of basic goods/services shows that consistently, prices increase over time. That is a factually safe statement and typically true in all markets. Review the chart below. It reinforces that theory…until you read the last line: the anomaly being current mortgage rates.

Avg. Price                              1989                           2014

Car                                       $15,350                     ...

Economic Influences on Texas Housing Market

It is a new year and there is plenty of movement associated with the economy and the housing market. While we are still in the month of January, the past few weeks have seen a great amount of change.

As a quick recap, 2014 was a good year. The nation’s economy grew by almost 5% instead of the steady 2% we have felt for the past six years. Job growth is gaining momentum and we are seeing an increase in wages. Business investment is up nearly 9% and consumer confidence continues to rise with it.

For Texas, the drop in oil prices has a positive effect on consumers yet has a negative impact on business and local economy. While the nation’s economy will experience the benefits of lower oil prices (it cost less to fill your tank so you have more money to spend on other things) Texas is an oil/energy state and many jobs are dependent on the price of a barrel of oil.  During the recession, Texas – Austin in particular - has been one of the leading cities nationally in economic recovery and job growth adding 421,900...

Update to Separate

In the latter part of 2014, a noticeable real estate trend in our area was the increasing length of time homes stayed on the market. Entering 2015, an overview of the Four Points area sees that trend continuing and is coupled with a greater amount of residential inventory compared to the same period last year. Possible reasons for this trend are the market needs to adjust or buyers are not feeling an urgency to act on the current inventory.

What does that mean? Real Estate Economics 101: when market conditions have more demand than supply, homes that are in decent condition and priced appropriately sell quickly. When market conditions are such that we have more supply than demand, homeowners must do more to sell their homes.

When planning to sell a home in current market conditions, we advise clients to update.  With so many homes for a buyer to choose, you need to update or renovate to separate - make your home stand apart from the rest.

A lot of people prefer to purchase new construction. If that isn’t available,...