Are Realtor Stereotypes Accurate?
In a previous blog post, the question “are realtors, lenders, title agents, etc. worth the money they’re being paid?” was posed in relation to the recent changes happening. How much value you feel they add is, of course, a factor in how you may answer this question. But, here’s another factor t
Changes to How Contracts and Representation Work
Hi everyone, maybe some of you have heard about some of the changes to how contracts and representation work across the nation. Here’s a brief catchup if you’re out of the loop: I won’t have all the answers because it’s still so new, but I did actually sit in on a seminar last week listening
Reversal in Travis County Population Trends
Travis County has been a consistent hot spot for people moving to the Austin area, but for the first time in two decades, the number of people leaving the county is greater than the number moving in. It’s a prime example of how, sometimes, what goes up, must come down. Nevertheless, while this
Is Austin America’s Boomtown?
Although it may seem like Austin is THE boomtown, it’s actually something that’s going around all over Texas. It’s true, we do dominate in the regional IT industry, and create more white collar high-paying jobs than our Texas rivals, but in aggregate the DFW area definitely gets more total migr
Can Austin Compare to Silicon Valley?
Perhaps we sound only like Austin cheerleaders sometimes, but I do like to always include the other side of the story. I often say “second to Silicon Valley, Austin is THE place to be for IT…” The reality, though, is that we’re probably still a pretty distant number two. We do offer lots of adv
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
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
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 th
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
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.
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
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 migratio
More On 2021 Madness
In my last four posts this year you’ve been reading about the brutal scene this year for buyers. I have a little good news though, there is hope. After about two dozen aggressive offers since the turn of the year, I finally have a buyer client that has won an offer tonight! We got it at 45k ov
2016-2020 Market Comparison
How Does “Months Of Inventory” Work?
In my opinion, the all important metric that drives prices and market behavior more than anything else is “months of inventory.” What does that mean? Well, they say a market needs about 6 months of inventory to be at equilibrium. More than that is a buyer’s market, and less than that is a selle
List Price vs Sold Price Ratios
Here are some interesting statistics brought to you by a great data crunching agent in town, Matthew Cornwall. From the way this year has started, I think we may see even more impressive numbers in 2021. Notice the end of year inventory was under 0.3 ! Folks, that’s unbelievably low! THAT’S why, so
More 2021 Speculation
I’ll probably be on a blog rant for a few weeks until I can get my head around this sharp market turn. Since my last post about the craziness, I’m still losing offers to the tune of 20k+ over list price multiple times a week. I’ve started doing some polling to get a little deeper into the data
The Frenzy of 2021
I find myself telling the same stories over and over, and need to just put these in a blog post. Guys, this market has been hot for awhile, but it’s just achieved bonkers status in the past week or so. We ended November at .9 months of inventory (I hear near 6 months would be at equilibrium), but I
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