Austin Price and Inventory Trends
There’s a lot of economic uncertainty in the air, what with souring inflation, the fed about to raise rates, stock and crypto market turmoil, etc. I’m frequently asked the question as to whether their investment (their home purchase) will be safe. I know I’m biased, but I have to be honest and say “
What a Year, and What’s to Come – December Newsletter
Samsung To Build $17 Billion Chip Plant in Taylor This investment is going to give the northeast side of the metro a real boost… Read More Rising Prices Driving Some Families Away From Austin As housing costs in Austin rise, some residents may be looking to leave Austin… Learn More Austin Suburb Exp
The Smiths in 2021
Although we’re in covid round two year, we’ve still found lots of ways to make the most of it. We’ve been able to make our yearly trips to Enchanted Rock as well as other novelties like Natural Bridge Caverns, Dinosaur Park, Austin’s Revel, the Texas Capital, Washington DC and more. I know not all o
5 Year Trend Analysis
Below, you can find a comprehensive analysis of the market trends from 2017 to 2021. Also included in this analysis, is the historical average months of inventory.
Are Austin Homes Overvalued?
According to this article, the answer is yes. It’s suggested that the Austin housing market is overvalued and that, instead of buying a new home, potential buyers should invest or rent for the time being. Let’s look at what they’re actually saying, though. They didn’t tell us anything we didn’t know
June Newsletter
Although Austin is FINALLY beginning to show some signs of cooling, this doesn’t mean that Austin won’t continue to lead the pack nationally for quite some time, nor does it even mean that sales prices will slow down yet. Sold prices are lagging indicators that only tell us about what happened a mon
The Soft Spots in the Austin Market
Even in the hottest market in America, not every home actually gets multiple offers! Not every home even goes under contract the first weekend, believe it or not! For those of you who don’t have the stomach for 100k over bidding (myself included) or a lot of the other madness associated with this bo
MLS Coverage
I want to highlight yet another reason to work with HomeSmith. Sure, you can use Zillow and Realtor.com for some things, but to do in-depth comp analysis, have access to private agent notes about a property, or get attached documents like disclosures, surveys, etc., you need an agent with MLS access
April Newsletter: Austin Leads the Nation??
I was telling everyone in January to stay tuned: “Although no one has the data yet in order to write credible articles, once these homes start closing you’re going to see Austin all over the national news.” Boy was that true. We’ve been the hottest market in the nation for the past few months. Here
How To Navigate This Market
Well, first of all, if you’re a buyer we have a proprietary, exclusive designed way to help you get to the top of the offer pile. We can also help you look for softer targets. They do still exist! Even though rampant over-bidding is the norm, every weekend there are still some homes that don’t go un
2020-2021 Median Map and Chart
March 2021 Statistics
Here’s a good in-depth look and breakdown of what the Austin market is looking like right now compared to last year: Thanks to Bramlett Residential for data crunching.
A Ridiculously Buyer Favored Process (Part 2)
I’ve said this many times, but I want to expand on this idea a little more… Even though this is an EXTREME seller’s market, and the seller gets to have most of what they want, still, it’s the buyers who have the upper hand as far as the contract process goes. The seller has practically no way to get
Appraisal Waiving
One major part of the process these days is what we call “waiving appraisals.” When we say that, what we mean is actually waiving the right to drop out if the home doesn’t fully appraise up to the contract value. Backing up a bit, this is how the process works. Once under contract your lender will o
What’s Happening?
When January 1st came, it was like someone flipped a switch. Californians, among others, began moving here in droves and/or bringing their investment funds, if nothing else. Now, in many areas of town, homes are going for 10-30% over list price almost completely across the board, without exception.
School Ratings in the Austin Area
The video above provides a map visual and description of the Austin area and the school locations. (note: this video is best viewed on a cell phone and displayed vertically) This post was originally published in May 2020. However, with the number of people moving here, we wanted to move this post ba
How Should I Bid?
How should I bid? We get this question all the time. All we can do is guess based on what we’re seeing, but what we’re seeing is so crazy that we often get incredulous looks back. If it helps, here is data and pie charts that look more authoritative. Feb. 2021 Austin Market Survey March 2021 Austin
Is Austin Overpriced?
As the madness of the Austin real estate market in 2021 continues, the question of “is Austin starting to become overpriced?” often comes to mind. Austin typically has a fairly low cost of living in comparison to other large metropolitan areas, making it a favorable place for employers as well as ho
Five Star Agent Award
The Five Star Agent award is presented to agents who work with Fast Expert and have received more than 15 verified reviews with an average of 5 stars. This showcases an agent’s ability to provide a positive experience for their clients. We’d like to congratulate our agent, Jeremy Smith, on being rec
WHY Austin is the Nation’s #1 Hottest Market
This video is SO on point right now, and explains better than anything else we’ve seen WHY Austin is the nation’s #1 hottest market right now. Note also that although we’re getting migration from other places too, like New York and other big cities, many of the reasons for California’s migration mat
Recent Posts
