NEW LAW TAKES EFFECT FOR PROPERTY TAX HOMESTEAD EXEMPTION APPLICATIONS Under a law passed by the Texas Legislature homeowners who apply for a new property tax homestead exemption beginning Sept. 1 must provide proof to the county appraisal district that they live in the house they claim as their principal residence. House Bill 252 requires […]
The key statistic you need to use to show the current relationship between inventory and demand is a term called “Months of Inventory.” It is the number of homes for sale divided by the number of homes sold the month before. It is like an absorption rate and has always been a good way of […]
The Austin real estate market continues to strengthen: higher demand (sales) with a stable inventory (homes for sale). With interest rates not changing, current high occupancy rental rates and positive inward mobility the average/medium value of 85% of the homes in Austin have stabilized. In some areas, price ranges and zip codes we are seeing […]
Filed under Market Reports, Real Estate Trends · Tagged with Austin, Austin home market, Austin Real Estate, Home Buying, Home Values, housing update, Katy Duggan, Laura Duggan, Market Report, West Austin Properties
Today, Travis Heights bustles with activity. Its close proximity to downtown makes it one of the most sought after neighborhoods in the city. Funky, off beat places line South Congress Avenue just to the west with the likes of Lucy in Disguise costume shop, Uncommon Objects antiques, Ten Thousand Villages and lots of fun food trailers like Hey Cupcake and and The Flying Carpet Moroccan Burgers. Now trendy restaurants, boutique hotels, bars and live music venues like the Continental Club rock the neighborhood nightly. Upscale restaurants like Perlas in this popular SoCo area have been featured by traveling chef Anthony Bourdain, and Kendra Scott launched her spectacullar jewelry line here and has her store front nearby. Guero’s, a former Old Austin grain and feed store, is now a popular lunch or dinner stop with a killer new outdoor stage. Hotel San Jose draws movie stars, politicians and musicians from all over the world seeking a little bit of what makes Austin weird.
Filed under Austin Living, Neighborhoods, Real Estate Trends · Tagged with Austin, Guero's Taco Bar, Hey Cupcake, Hotel San Jose, Laura Duggan, Little Stacy Park, Lucy in Disguise, Real Estate, SoCo, South Congress, Ten Thousand Villages, The Flying Carpet, Travis Heights, Uncommon Objects, West Austin Properties
Why is the Austin market so strong compared to the rest of the country? Simply stated: • Home prices over the last three years have not drop substantially compared to other markets. For homes under $700,000, 95% of our market, prices have stabilized or are starting to increase in value. • Fewer Austin home owners […]
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