Austin Board of REALTORS® released their Central Texas Housing Market Report for October 2018 today showing that single-family home sales in the Austin-Round Rock MSA were the highest on record for any October, generating more than $900 million in sales dollar volume - another record for October.
September 2018 Market Report | Austin housing inventory falls 12% but the suburbs tell different story. Austin-area home prices continued to climb in September and the number of homes available in the city limits of Austin is notably down, according to the latest figures from the Austin Board of Realtors.
It's not the best news for a city that cites real estate affordability as one of its most pressing issues, but there are some silver linings.
The median sale price for a single-family home in the metro increased 4.2 percent to $302,250, while the total dollar volume of single-family properties sold increased 5.7 percent to nearly $906 million. In total, 2,368 homes were sold in the metro area last month, compared to 2,390 homes in September 2017.
ABOR President Steve Crorey said in a statement September's sales actually compared favorably to the 5 percent dip registered in September 2017.
The housing stock in the metropolitan area remained even at three months of available inventory year over year, still well below the six months of inventory that experts expect to see in a balanced housing market.
The housing crunch was particularly pronounced in the city of Austin, where inventory dipped by 0.3 months — or 12.5 percent — year over year, down to 2.1 months of inventory.
With all the exciting developments in our area coming in the near future, now more then ever is a great time to purchase. Yes, the interest rates have increased but soon enough the prices will too so don’t catch yourself waiting for a better time and completely miss out. Let’s focus on what positive things you have working for you right now! Don’t let the minor things affect the long-term big picture. #dreambuilding#wealthbuilding
Interested in buying/selling real estate? Call/text or email me!
Azmera Abraham | Licensed Virginia Realtor®️ | Fairfax Realty | Falls Church, VA 22042 | 703-627-4494 | [email protected] | visit www.getitsoldva.com
Windermere Blog: Choosing the Right Backsplash for Your Kitchen
Kitchen backsplashes are nothing new, but they’ve seen a recent surge in popularity. We’re fortunate to see homes every day with creative takes on this tiling trend, so we decided to showcase some popular backsplash designs to serve as inspiration.
Glass Tile - Glass tiling is perfect for those with an artistic flair. Whether it’s simply a splash of color, a full mosaic, or even an intricate design, glass tile lets your inner artist shine. While the initial cost may be greater, glass tiling can more easily be found in pre-set sheets, making DIY installation far easier than many other types of tiles.
Ceramic Tile - Between the cost-effectiveness and its low-maintenance nature, ceramic is unsurprisingly the most common type of kitchen tiling.
Metallic Tile - Stainless steel is one of the more popular backsplash options for those interested in a metallic finish, but we’re also seeing more aluminum, copper, and bronze tiles. With stainless steel in particular, consistent maintenance is necessary to avoid a dulling of the backsplash’s shine.
Stone Slab - Sturdy? Check. Waterproof? Check. Classy? Check. From soapstone to marble to granite to good old-fashioned brick, there is no more low-maintenance backsplash base than stone.
For an expert DIY challenge, there are many other ways to create a satisfying backsplash that fits your fancy, including vinyl wallpaper, wood, and even beadboard. What’s your dream backsplash style?
Full Blog article: link in bio.
Investing money in property can be a risky business. Our team of friendly experts are on hand to help you make well informed decisions and maximise your investment in increasingly challenging climates. You can also download a number of completely free reports on our website, tap the link in our bio to find out more 👆
Wage Increases Make Home Buying More Affordable | MyKCM
Everyone knows that housing affordability has been negatively impacted by rising prices and increasing mortgage rates, but there is another piece to the affordability equation – wages.
How much a family earns obviously impacts how easy or difficult it is for them to afford to own a home. Because of an improving economy, wages are finally beginning to increase – and that dramatically affects home affordability.
According to the National Association of Realtors’ (NAR) September 2018 Housing Affordability Index, wages have increased in every region of the country:
After applying current salaries, home prices, and mortgage rates to their Home Affordability Index equation, the index, though still lower than this time last year (160.1 to 146.7), increased over the last month (141.2 to 146.7). For the complete methodology used by NAR, click here.
The percentage of income needed to own a home has also decreased each of the last three months. It currently sits at 17% which is substantially lower than historic numbers.
If you are a first-time buyer or a move-up buyer who believes that purchasing a home is not within your budget, let’s get together to determine if that is still true.
Andres, Lic 1343492, with Bonaventure Realtors. Direct 949-306-9260. #realestate#home#house#housing#homeprices#values#homevalues#homeequity#homeowners#homeownership#homeowner#irvine#tustin#santaana#cypress#costamesa#fullerton#orangecounty#california#florida#tampa#washington#utah#tacoma#lakewood#housingmarket#homesales#rates#millenials#equity
We know there’s a shift on the rise... can you feel it?? #REALquestions
How do you think it’s changed in the past year? How do you want things to change more? Give your real thoughts below. We want to know! 👇
Who knew house hunting & buying would be so stressful! Every home my husband and I love (in our price range) ends up being in escrow a couple days later once we decide “this is it.” We are first time home buyers, so all of this is new to us & we don’t understand the realty jargon they expect us to know 😂 Any-who, the housing market is giving us a run for our money 😅 Even during this time of stress (it’s real, because I’m getting face rashes & all 😖). I see my kiddos in this backyard & remember why we need to buy a 🏡 . We need SPACE! Kids need to run around not be kept inside. Currently, my son is doing the flash “back & forth” thing on the couch in our apartment 🤦♀️ They deserve space to explore & play in our own home. Thanks #housingmarket for making it extremely difficult for millennials to buy. I shouldn’t have to feel like I need to up & move from the state I grew up in or live in the middle of nowhere. Fix it! 🐸🍵
We look at gorgeous houses all the time, some beautifully updated and good to go and lots of them in need of renovations too. This newly done kitchen caught our eye for some colour and flooring inspiration this week. Our job brief encompasses so many different areas, from selling houses to interior design, school consultant, marriage counsellor, landscape gardener, construction advice and much more (!), so it’s important we keep up with the trends through the industry. We love a good kitchen though... #makeahouseahome
Dreamy kitchen alert! 😍 📷@firststepontheladder
Up and at'em this morning! These two always want the last snuggles.
1 187 hours ago
Hurray — you’ve found the home and agreed on a price. Get ready for a lot of stuff to happen.
The financial institution lending you all that money will have your new home appraised, which will determine what it thinks the house is worth. Hopefully it’s no less than what you agreed to pay, or you’ll have to get the price lowered or order a new appraisal. (That being said, you probably don’t want to pay more for a home than what it’s worth.) The bank will also officially approve your mortgage, and you’ll order an inspection. If anything is seriously wrong, or damaged, ask for the repairs or a lower price on the home.
You’ll do a finally walk-through, order a title search and buy homeowners insurance. And then go on with the rest of your life 🤗
“Success is being able to make people happy and help them find their dream home!” This is the philosophy of our newest real estate agent, Ashleigh Bassham, and we could not agree more! We are very proud to welcome Ashleigh into the Points West Agency family. 💚