At Realty Haus, we're committed to ensuring that our clients are well-equipped to manage their real estate investments wisely. An important opportunity is quickly approaching—the deadline to protest your property taxes is May 15th. Given the changes in real estate values, now is a crucial time to review if your property's assessed value aligns with its current market value. Why Protest Your Property Taxes? Challenging an assessment that seems too high can lead to significant financial savings. Although you can undertake this process yourself, many property owners experience more favorable outcomes when they seek professional help. For those considering this route, we recommend contacting reputable firms that have proven successful in aiding our clients in reducing their property taxes: Five Stone Email: PropertyTax@FiveStoneTax.com Phone: 512.833.5829 Texas ProTax Email: info@texasprotax.com Phone: 512.339.6671 Discount Property Taxes Email: info@discountpropertytaxes.com Phone: 512.467.9852 Tips for a Successful Property Tax Protest: Direct Filing: To increase the likelihood of a favorable review, avoid e-filing your protest and file directly. Documentation: Be sure to refer to code 41.43(a) and have all necessary documentation ready. Filing Strategy: Mark the correct boxes on your protest form, request an evidence packet, and try to file as close to the deadline as possible to ensure thorough consideration. Don't Forget About the Homestead Exemption If you haven’t yet applied for a homestead exemption, doing so could reduce your tax burden for up to two years retroactively. This is an excellent way to save on your taxes moving forward. We at Realty Haus are here to assist and recommend strategies to ensure you are not overpaying your property taxes. Please don’t hesitate to reach out for guidance. We're more than ready to help you navigate this process successfully.

Big news for Austin's real estate scene—Intracorp Homes has just released fresh details about their latest project, a dynamic condo development poised to make its mark on the vibrant South Congress Avenue. Known for their significant presence in the city’s condo market, Intracorp had previously kept the cards close to their chest as they navigated the planning phases. Now, they're ready to share what’s coming. Introducing Leland South Congress Situated over approximately 3 acres at the nexus of South Congress Avenue and Live Oak Street, the Leland South Congress development promises to elevate the local living experience. Spanning four lots, this ambitious project will feature a seven-story building housing 270 condos. Prospective residents can look forward to a variety of layouts ranging from cozy studios to expansive three-bedroom units and even luxurious penthouses, with sizes from 500 to about 3,000 square feet. A Blend of Residential and Retail The structure’s design incorporates roughly 600,000 square feet of space, with the ground level offering 23,000 square feet dedicated to retail and restaurants. While no leases have been signed yet, the buzz around potential tenants is growing, hinting at exciting dining and shopping options to come. Pricing and Market Fit For those interested in calling this place home, condo reservations are set to open later this month. Entry-level pricing for the condos begins at around $500,000, with penthouses climbing to about $2 million. Positioned in the 78704 ZIP code—one of Austin's priciest areas—the development reflects the upscale market, promising an elegant urban lifestyle. What’s Next? Construction is anticipated to span two years, though the start date is still up in the air. The project will involve significant changes, including the demolition of existing structures such as a former gas station and a large nursing and rehab center. Intracorp has enlisted a suite of expert collaborators: Kirksey Architecture leads the architectural design, with Nudge Design on landscape, and the interiors crafted by the renowned Michael Hsu Office of Architecture. Why It Matters Leland South Congress isn’t just a building; it’s set to be a cornerstone of community and lifestyle in South Congress, known for its eclectic and lively atmosphere. As the area continues to attract development, including projects by Endeavor Real Estate Group and New York-based The Related Cos., South Congress is cementing its reputation as a hotspot for both residential and commercial growth. Intracorp's track record, including the successful 44 East Ave tower and the ongoing Congress Lofts at St. Elmo project, builds confidence that Leland South Congress will be another standout addition to Austin's skyline. Stay Tuned As this development progresses, we'll keep you updated with the latest information. If you’re intrigued by the potential of Leland South Congress or have questions about how this could impact your property plans, feel free to reach out. We’re here to help you stay informed and make the best decisions in Austin’s lively real estate market.

Buying your first home is a milestone that comes with its share of excitement and challenges, and for those starting this journey in Austin, the news is quite encouraging. According to a recent analysis by Zillow, Austin ranks as the fifth best city in the U.S. for first-time homebuyers. Austin's Attraction for New Homebuyers In 2023, first-time buyers represented a significant portion of the home market, more than they have since 2018, making up about half of all home purchases. This shift is attributed in part to the 'rate lock' effect, where homeowners with low mortgage rates choose to stay put, creating opportunities for newcomers to step into the market. The latest insights from Zillow highlight several factors that make Austin particularly appealing for first-time buyers: Demographics: About 34% of households in Austin fall within the age range of 29-43, which is prime for first-time homebuyers. Affordability: Only 20% of a median income household’s budget goes towards rent, which means saving for a down payment could be more manageable here compared to other cities. Accessible Housing Options: Despite the competition, 23% of the current listings are considered affordable for median income earners. Competition Levels: With 1.3 listings available per 100 renters, Austin provides a competitive but viable market for first-timers. Why This Matters More affordable rent and a higher number of listings relative to the potential buyer pool mean that newcomers have better chances to negotiate and find suitable properties without being edged out by developers or house flippers. This environment not only fosters accessibility but also supports a community of first-time buyers growing together, enhancing the sense of community among residents. San Antonio, another Texan city close by, also made the list, showcasing similar traits but with a higher competition rate, providing a different dynamic for new buyers. Market Outlook and Tips for Buyers The housing market, while still challenging due to factors like mortgage rates and low inventory, is showing signs of becoming more accessible. With new listings on the rise this spring—thanks to both new constructions and more homeowners deciding to sell—potential buyers have more options. This trend is expected to help moderate price increases. For those preparing to take the plunge into homeownership, getting your finances in order, including securing loan pre-approval, is crucial. It’s also a great time to leverage tools like Zillow’s affordability calculator or explore programs that assist with down payments. Final Thoughts Navigating the real estate market can feel daunting, especially for first-timers, but Austin's market dynamics are currently tilted in your favor. If you’re thinking about buying your first home and want to understand how these factors apply to you, we’re here to help break it all down.

There's something exciting brewing in the heart of Taylor, and we're here to give you the scoop on its historic downtown's transformation. For those familiar with Taylor's Main Street, it’s easy to recall the bustling days gone by, filled with local shops and community life. However, as times have changed, so has the landscape of this charming area, with many buildings awaiting a new chapter. In recent years, a noticeable shift has begun. The quiet streets are starting to hum with activity once more, thanks to the strategic efforts aimed at rejuvenating the area. New restaurants, breweries, and coffee shops are popping up, spurred on by the nearby development of a major Samsung Electronics factory and the influx of workers it brings. The Taylor Economic Development Corporation (TEDC) is stepping up, recently approving $350,000 in infrastructure improvements to support two significant projects. These initiatives are set to inject new life into the area with additional retail spaces, eateries, and hotel accommodations. This movement isn’t just happening in Taylor; nearby cities like Georgetown, Buda, and Liberty Hill are also enhancing their communities, balancing growth with historical preservation. Spotlight on Local Initiatives: Talbot Commons: Native Taylorite Douglas Moss, after decades in New York restoring historic buildings, returned to breathe new life into his hometown. His project on Talbot Street is transforming the old First Presbyterian Church and surrounding buildings into Talbot Commons—a mix of workforce housing, a boutique hotel, a restaurant, and a coffee kiosk. Moss, deeply involved in local revitalization efforts, emphasizes the importance of community-focused development. The first phase, including the boutique hotel and a coffee shop, is nearly complete, with more ambitious plans on the horizon. The Pharmacy: Ujjal Ghoshtagore, another developer with a penchant for preserving the old, is turning a 20th-century building—once home to Luhn & Johns Pharmacy—into a vibrant mixed-use space. This project, dubbed "The Pharmacy," will feature a boutique hotel, a unique restaurant possibly showcasing Korean barbecue, a speakeasy, and a rooftop bar, aiming to become a new social hub in downtown Taylor. Ghoshtagore, drawn to Taylor by its potential and the incoming Samsung factory, sees this project as a pivotal part of downtown Taylor’s renaissance. Both projects represent a broader trend of revitalizing historic areas by blending respect for the past with modern needs and amenities. This approach not only preserves the unique character of places like Taylor but also promotes sustainable urban growth. Why It Matters: These developments are more than just construction projects; they're about community, heritage, and the future of Taylor. They offer a chance to revitalize the downtown area, making it a destination not just for tourists but for locals to enjoy and be proud of. As Taylor's landscape evolves, these projects remind us of the importance of community involvement and the impact of thoughtful development. If you're as excited as we are about Taylor's future, or if you have thoughts on preserving our local heritage while fostering growth, let’s start a conversation. We believe in a future where our downtown isn't just preserved but thrives as the vibrant heart of our community.

Big news is on the horizon for Central Texas, and it's set to reshape the economic landscape of our region. We’re talking about an initiative that's not just significant for Texas but monumental on a national scale. A Major Leap Forward: On April 15th, a key announcement positioned Samsung Electronics Co. Ltd. at the forefront of one of the largest economic development projects in American history. This involves an ambitious expansion plan supported by a substantial $6.4 billion boost from the federal CHIPS and Science Act. The event, graced by the presence of U.S. Department of Commerce officials and local dignitaries in the small town of Taylor, just northeast of Austin, marks a pivotal moment. What’s Coming? Samsung is set to supercharge its commitment with an eye-popping $45 billion investment. This funding will significantly enhance its new chipmaking facilities in Taylor, while also beefing up its longstanding operations in Austin. The plan includes a new fabrication line, a cutting-edge research and design facility, and much more—all slated to come online by the decade's end. The Impact: Imagine this: 4,500 new manufacturing jobs and at least 17,000 construction jobs, not to mention the tens of thousands of indirect jobs that will likely follow due to the increased supply chain activities in the area. It’s a massive boost for job creation that will ripple throughout our community and beyond. Local and National Benefits: U.S. Secretary of Commerce Gina Raimondo expressed her excitement about the project, noting it as a transformation that could have only been dreamed of a few years ago. This investment is not just about expanding facilities; it's about positioning Texas as a leader in state-of-the-art semiconductor technologies. The planned facilities will produce some of the most advanced chips, crucial for technologies like artificial intelligence and enhancing U.S. national security. Looking Forward: The announcement isn’t just about the physical expansion. With this move, Samsung is also expected to strengthen its ties with the U.S. Department of Defense and foster greater collaboration across critical American industries such as aerospace, defense, and automotive. Community Transformation: The impact on Taylor, a town of around 17,000 people, and the broader Central Texas area cannot be overstated. Local officials have been instrumental in supporting this project, which promises to transform the region into a bustling hub for high-tech manufacturing. As businesses and suppliers flock to the area, we're seeing a revitalization of local communities, from increased traffic and commerce to new housing developments and public infrastructure improvements. Conclusion: As we watch these plans unfold, it’s clear that Samsung’s expansion is more than just an investment in chip manufacturing; it’s a commitment to our region’s future. The scale of this project is set to bring unprecedented economic growth and technological advancements to Central Texas. It’s an exciting time for Austin and Taylor, and we're here to keep you updated every step of the way. If you’re as thrilled as we are about seeing how these developments will boost our local economy, stay tuned. There’s much more to come, and we can’t wait to see how it all evolves.

Big changes are on the horizon in Southeast Austin! After years of planning and anticipation, the Velocity development is making headway, transforming the landscape east of Austin-Bergstrom International Airport into a bustling, vibrant community. A Closer Look at Velocity: Spanning over 314 acres, Velocity is poised to become a cornerstone of Southeast Austin. This master-planned district, championed by Dallas-based Presidium Group, recently kicked off its first phase of construction. The highlight of this phase is an urban-style apartment community, marking a significant step forward since the project’s inception. What’s Coming to Velocity? Velocity isn’t just another development; it's a comprehensive blend of residential, commercial, and leisure spaces. The plan includes nearly 2,700 apartments, significant office space approximating 2.9 million square feet, and additional areas dedicated to flexible industrial and creative office use. On the leisure front, residents can look forward to retail shops, restaurants, a movie theater, and even three hotels—all set amidst about 100 acres of inviting green spaces. Strategic Location: Situated at the convergence of state highways 71 and 130, just east of the airport, Velocity's location is strategic, offering easy access and drawing comparisons to other high-profile Austin developments like The Domain and Mueller. This prime spot ensures that Velocity will be a hub of activity and growth. Development Timeline and Team: The wheels are in motion with Provident General Contractors leading the build, supported by a team of experts including O’Brien Architects, Kimley-Horn and Associates, and several others who are integral to bringing this vision to life. If all goes according to plan, the first residents can start calling Velocity home by mid-2025, with more phases to follow. Velocity's Journey: The journey to this point has been eventful. Initially conceptualized by Austin-based Marketplace Real Estate Group, the project saw adjustments and refinements over the years, including changes in ownership and scope. Despite these shifts, the commitment to developing a thriving community has remained steadfast. Looking Forward: As Velocity progresses, we can expect to see more developments, including a second multifamily complex and additional commercial properties, which are currently in the design phase. This momentum is a testament to the optimism and continued investment in Southeast Austin. Wrap-Up: Velocity's emergence is a development worth watching, promising to enhance the quality of life and meet the growing needs of Austin's dynamic population. If you're curious about how this development affects our local market or considering a move to Southeast Austin, let's connect and explore your options! We're here to keep you informed and help guide your real estate decisions with the latest insights from around Austin.

For the first time in a decade, the skyline of downtown Austin is seeing fewer cranes. After years of rapid construction and development, we’re witnessing a shift in the city’s growth patterns. The Current State of Construction: While 17 significant projects are still rising from the ground—mostly residential buildings—the overall pace has slowed. This cooling period marks a natural ebb in what has been a decade of intense expansion. According to Dewitt Peart, CEO of the Downtown Austin Alliance (DAA), “We have had 10 years of really hot growth... At some point, things have to slow down and that's where we are at right now.” Office Space Dynamics: A notable aspect of downtown’s landscape is the prevalence of office spaces, which constitute about 50% of the buildings in the area. These spaces, totaling approximately 24 million square feet, are currently 75% occupied. Historically, a healthier occupancy rate would hover around 90%. The shift to hybrid work models is significantly impacting these figures, reflecting broader national changes in workplace dynamics. A Notable Shift at Sixth and Guadalupe: A key example of these shifts is the new Sixth and Guadalupe Tower, which initially had about 600,000 square feet pre-leased to Meta, Facebook’s parent company. In a turn of events, Meta decided to sublease the space, highlighting the fluid nature of commercial real estate in today’s market. Looking Ahead: What does all this mean for Austin’s urban core and its residents? While the slowdown might seem alarming to some, it's a part of a normal market cycle that could lead to more sustainable growth and development strategies. It also opens up discussions about the future of work and living spaces in Austin, which could see more innovative uses of office buildings and perhaps a greater focus on residential and mixed-use projects that cater to a changing workforce. Conclusion: If you’re curious about how these changes might affect your investments, or if you're considering moving into or out of downtown, let’s have a conversation. Understanding these trends is key to making informed decisions in Austin's dynamic real estate market. We're here to keep you updated and informed—reach out any time to discuss how these urban developments might impact you personally or professionally.

Exciting news for those eyeing the Austin housing market, especially first-time homebuyers! This February, we witnessed a significant uptick in new listings, making it a promising time for anyone looking to make Austin their home. A Closer Look at the Recent Trends: According to recent reports from the Austin Board of Realtors (ABoR) and Unlock MLS, over 3,900 new listings hit the market last month. This surge has led to a nearly 45 percent increase in inventory compared to February of last year, brightening prospects for first-time buyers searching for homes under the $400,000 mark. What This Means for First-Time Homebuyers: The recent influx of affordable homes is a breath of fresh air in a market that has seen rising home prices and mortgage rates squeezing affordability. This boost in inventory arrives just in time as Central Texas gears up for the busy spring buying season, historically the busiest part of the year for local real estate. Seasonal Buying Patterns: Kent Redding, the 2024 president of Unlock MLS and ABoR, noted that the period from March to June is crucial as it accounts for more than 35 percent of annual sales. Many buyers aim to secure their new homes before the fall, motivated by the appealing weather and enhanced curb appeal during these months. Snapshot of Local Markets: Travis County: Last month, Travis County saw a slight increase in home sales with 953 homes sold, and the median price standing at an even $500,000. The county also reported a 13 percent increase in active listings, totaling 3,920. Williamson County: Williamson experienced a significant 41.7 percent jump in new listings, bringing the total number of active listings to 2,234, with 777 homes sold last month. Hays County: Contrasting with Travis and Williamson, Hays County saw a slight decrease in homes sold with 290 transactions, while median prices dipped slightly by 1.3 percent to $385,000. Bastrop County: Sales were up by 7 percent with 92 homes sold, though median prices saw a reduction of 7.2 percent, bringing them down to $351,875. Caldwell County: Stood out with a dramatic increase in sales up by 93.8 percent from last year, with homes selling at a median price of $299,900. Bottom Line: With a robust addition of new listings and a general upward trend in sales, Austin’s housing market is showing signs of vibrant activity and increased accessibility for first-time buyers. If you're considering buying a home or have questions about current trends in our local market, feel free to reach out. We're here to help you navigate through the choices and find a place you'll love to call home. Looking forward to exploring more with you!

Introduction: Austin is not just the heart of Texas culture; it's also leading the charge in the state's job market and making significant waves nationally. The vibrant city stands out not only in the Lone Star State but also across the United States for its dynamic employment opportunities. Austin's National Ranking: According to a recent analysis, Austin ranks impressively on a national scale. While sharing the spotlight with Nashville, Austin is listed as the seventh-best job market in the country. This places it ahead of other Texas giants like Dallas, Houston, and San Antonio, which also made the list but trailed behind Austin in the rankings. Details from the Analysis: The rankings, a collaborative effort between a major financial newspaper and Moody's Analytics, consider several key factors: the unemployment rate, labor force participation, job and wage growth, as well as labor force expansion. Notably, Austin boasts the highest labor-force participation among large metropolitan areas, a testament to its active and growing workforce. Austin's Economic Landscape: During the pandemic, Austin emerged as a more affordable alternative to traditional tech hubs like Silicon Valley. This shift has attracted numerous companies and workers, particularly in the tech sector, to Central Texas. Despite some tech giants scaling back nationwide, Austin continues to draw significant investment from major industry players such as Samsung, Tesla, and Apple. These investments are expected to continue bolstering the local job market for years to come. Leading Employers and Future Prospects: Tesla, a major force in electric vehicles, is currently one of Austin’s largest tech employers and is on a fast track to become the biggest private-sector employer in the region. With rapid expansion at its facilities, Tesla concluded the last year with thousands of employees, illustrating the scale and impact of its operations in Austin. Conclusion: Austin's job market resilience and growth are clear indicators of its economic vitality and appeal as a top destination for businesses and job seekers alike. If you're curious about what this booming job market means for living or investing in Austin, or if you have any questions about navigating Austin's employment landscape, feel free to get in touch. We're here to help you make the most of what this thriving city has to offer.

Let’s talk about a neighborhood that's making waves in the Austin metro area—Buda's Sunfield. This master-planned community isn’t just growing; it’s leading the pack, jumping from the eighth position last year to become the fastest-growing neighborhood according to recent rankings. A Closer Look at Sunfield's Growth Spanning 2,795 acres, Sunfield, developed by Scarborough Lane Development, has seen an impressive 470 new homes started in the last year alone. This puts it at the top of the Austin Business Journal's list for rapid neighborhood expansions. The neighborhood is supported by eight active homebuilders, offering a variety of homes that are attracting a lot of buyer interest, especially given their affordability compared to the broader metro market. In terms of home prices, Sunfield offers options ranging from about $280,000 to $700,000. This price range is particularly attractive when you consider that the median sales price in the Austin metro was over $443,000 last February, and even more so in Hays County where it was about $385,000. Comparative Growth While Sunfield leads with 470 new starts, not far behind is Liberty Hill’s Santa Rita Ranch in the northern part of the metro, which recorded 460 home starts. Another notable mention is Sonterra in Jarrell, marking its spot as the third fastest-growing with 389 home starts. Market Context and Outlook It's worth noting that despite Sunfield's boom, the overall new home starts in the metro area have decreased by nearly 30% from the previous year. This dip in the housing market coincides with rising mortgage rates, which have naturally brought a bit of caution among builders and buyers alike. However, the good news is that experts like Clare Losey, a noted housing economist, suggest that mortgage rates might stabilize and potentially lower towards the end of the year. This could mean a resurgence in builder confidence and possibly an increase in housing starts. Why This Matters For those of you keeping an eye on real estate trends or considering your next move, Sunfield’s growth is a significant indicator of where opportunities lie, particularly for affordable housing in a well-planned community setting. It also highlights the dynamic nature of real estate in the Austin metro area, reflecting broader economic currents and market sentiments. Looking Ahead We’ll keep watching these trends closely, as they not only affect potential homebuyers but also speak volumes about the overall health and direction of the housing market in our region. If you’re curious about Sunfield or have other questions about local real estate trends, feel free to reach out. We love helping you stay informed and making sure you have all the insights you need to make the best decisions in this vibrant market.

Hello everyone! This month, we’re thrilled to feature not one, but two incredible Austin-based businesses that are making waves nationally: Siete Family Foods and Lalo Tequila. Both companies embody the entrepreneurial spirit and innovative flair that Austin is known for, and we’re excited to share their stories with you. Siete Family Foods: From Local Start-Up to National Success Siete Family Foods has become a household name in Austin, well-known for their delicious and health-conscious Mexican-American fare. Since their humble beginnings, Siete has expanded their presence from 8,000 stores in 2019 to a whopping 37,000 across North America. Last year, they hit an impressive milestone with $400 million in retail sales, setting their sights on becoming a billion-dollar empire. The key to Siete’s success? A relentless dedication to meeting consumer needs with grain-, gluten-, and dairy-free products that cater to various diets like keto and gluten-free. Their partnership with Whole Foods began in 2015 and has been instrumental, allowing them to introduce innovative products like almond flour tortillas and a variety of snacks that cater to health-conscious consumers. Recently, Siete added star power to their strategy, bringing on actress Eva Longoria as an investor and strategic advisor to help scale their vision. Their commitment to quality and customer satisfaction also earned them a Supplier All-Star Award from Whole Foods, recognizing their excellence across multiple product categories. Lalo Tequila: Crafting a Top-Selling Austin Spirit Lalo Tequila, co-founded by Jim McDermott and Eduardo “Lalo" González, has quickly become a favorite in the premium spirits market. With roots deeply embedded in the craft of tequila-making, Lalo offers an additive-free blanco tequila that has resonated well with consumers. In just five years, their distribution has expanded to more than 4,200 stores in 12 states, with plans to go international in the near future. Lalo’s approach to business is deeply personal and grounded in Austin’s collaborative business culture. The founders believe in being actively involved in the marketing and distribution process, often meeting customers face-to-face to share their story and build genuine connections. The brand’s success is underscored by impressive growth metrics and accolades, such as being the top contributor to category growth in the premium blanco segment, according to Nielsen. With a commitment to keeping their product affordable and accessible, Lalo Tequila aims to redefine what premium tequila can be. Conclusion: Both Siete Family Foods and Lalo Tequila represent the best of Austin’s business landscape—innovative, forward-thinking, and relentlessly committed to quality. Whether it’s revolutionizing the way we enjoy Mexican-American cuisine or redefining the standards for premium spirits, these companies are setting benchmarks in their respective industries. We’re incredibly proud to showcase these local gems. Their stories are not just about business growth but about how true passion and dedication can create products that resonate nationwide. Here’s to their continued success and the vibrant spirit they bring to Austin’s community!

Have you heard the latest about the Austin housing market? March brought some refreshing changes that could be interesting whether you're thinking of buying or selling in the area. A Positive Shift in Inventory: Last month, the Austin-Round Rock-Georgetown MSA saw a significant uptick in new home listings—a 10.2% increase from last year, with 4,714 new homes hitting the market. What does this mean for you? More options to choose from, which is especially great news if you're looking to buy your first home or considering an upgrade. Insights from the Experts: Clare Losey, Ph.D., a noted housing economist, remarks that this increase in inventory signals a robust and healthy market. The rise in listings, particularly in the more affordable range, suggests a market that’s becoming more accessible to first-time homebuyers—offering more variety in pricing and locations. Kent Redding, this year's president of the Austin Board of REALTORS®, also weighed in, highlighting the current economic resilience. With the wealth of data from Unlock MLS, agents are well-equipped to navigate clients through buying or selling, ensuring you have all the facts to make well-informed decisions. Key Market Stats: Let's break down some numbers: Overall, residential home sales in the MSA slightly dipped by 0.3%, but don't let that worry you—the market is bustling with activity. The median home price held steady, which means we’re seeing stable price growth, a good sign for both buyers and sellers looking for predictability. Notably, months of inventory have increased to about 3.8 months. This is closer to what market analysts consider a balanced market, where neither buyers nor sellers have a distinct advantage. A Closer Look at Specific Areas: City of Austin: Sales were up by 3.1%, and the median price rose by 2.7%. The city continues to be a hot spot with an increase in active listings. Travis County: A moderate increase in sales and steady median prices, suggesting steady demand. Williamson and Hays Counties: Both areas saw more listings and active engagement, with Williamson experiencing a slight dip in prices and Hays showing more transactions overall. Bastrop County: Stood out with a remarkable 40% jump in new listings and a significant rise in total dollar volume of homes sold, indicating strong buyer interest. Conclusion: Overall, the market's growth and the increase in listings are great news for anyone looking to make a move in the Austin area. With more options available and stable prices, now might be a perfect time to explore what's out there. If you have any questions about how these trends might affect you or if you're just curious about the value of your home, don't hesitate to reach out. We're here to help you navigate through these exciting times in our local market!

In the scenic stretches of Bastrop County, just east of downtown Austin, big plans are unfolding that might redefine our area’s landscape. Stephen Carpenter of Carpenter & Associates LLC is at the helm of ambitious projects set to transform thousands of acres of agricultural land into bustling hubs of innovation and leisure. The Vision: Carpenter’s plans include the creation of Greenport Airport and Emerald Island—developments poised to drive significant economic growth. Greenport, a proposed $10 billion mixed-use aviation and technology park, is designed to cater to private flights, high-tech research, and more. Just a few miles west, Emerald Island envisions a $8.7 billion resort-style “mini-city” featuring casinos, hotels, and entertainment spaces. The futuristic elements of these projects are striking—think Ferris wheel hotels and underground data centers—painting a picture that’s as innovative as it is bold. Local and Economic Impact: The potential economic impact of these projects is vast, with projections of creating thousands of jobs and significantly boosting tax revenues. The proximity to major developments by notable figures like Elon Musk underscores the strategic significance of this location. The area is being touted as an emerging economic powerhouse, a new epicenter of technology and tourism near the heart of Texas. Community Responses: As with any large-scale development, reactions are mixed. While some locals express concerns about environmental impacts and the change to the rural character of the area, others are inspired by the job prospects and economic benefits. Carpenter, aware of the diverse opinions, remains focused on the broader benefits these projects could bring to the region. Looking Forward: With initial construction activities already visible and more developments on the horizon, the area is on the cusp of a transformative era. As Carpenter said, echoing a sentiment of daring optimism, “Dreamers are only crazy until they make it a reality.” The Broader Perspective: As Austin continues to grow, projects like these are pivotal in shaping its future. They offer a glimpse into how innovative planning and ambitious vision can harmonize to create dynamic spaces that promise both prosperity and excitement. Conclusion: At the heart of these discussions is a community poised for change. Whether you see these developments as a bold leap into the future or a challenge to the tranquility of Bastrop County, one thing is clear: the landscape of Austin is evolving, and its effects will resonate far beyond its borders. We welcome your thoughts and encourage a community dialogue as we navigate these exciting yet complex developments together. Let's discuss what this means for our community and how we can engage with these transformative projects.

We've noticed some buzz lately about home prices—seems like there’s a mix of predictions out there. If you’ve caught any of those headlines suggesting prices might drop and felt a twinge of worry, let's sort through the noise together. It’s true, nearly a quarter of people are bracing for a downturn, likely influenced by the dramatic headlines we often see. As Jay Thompson, a Real Estate Industry Consultant, pointed out, the news can really play up the doom and gloom because, let’s face it, that’s what gets clicks. He says: “Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for the industry. Clickbait, the sensationalizing of headlines and content, has been an issue since the dawn of the internet, and housing news is not immune to it.” But here’s the real scoop, straight from the latest data: The majority of the past year has seen home prices climbing, according to the Case-Shiller index. If you take a look at their monthly reports, you’ll see a lot of green bars on their charts, signifying growth. Sure, there are a couple of red dips, but they’re minor and hardly a cause for alarm. What’s really happening? Well, it’s normal for the market to cool off a bit during the winter months—fewer folks are moving due to the holidays and the start of the new year, which means less competition driving prices up. Even then, the trend for the year shows an overall increase in home values. Case Shiller sums it up pretty well: “Month-over-month numbers were relatively flat...however, the annual growth was more significant for both indices, rising 7.4 percent and 6.6 percent, respectively.” That’s a clear indicator that, overall, home prices have been on the rise, not the decline. Bottom Line The data doesn’t just suggest but shows that home prices have generally increased over the past year. If you’re curious about what this means for our local market or have any other questions, why not drop us a line? Let’s chat about how this could impact your home’s value or your plans for the future.

Exciting developments are underway in Austin's vibrant business landscape! Tecovas, a local name synonymous with top-notch Western wear, is setting up a new home base in East Austin. Let’s dive into what this move means for the company and the local area. Tecovas' Growth Journey: Founded in 2015, Tecovas quickly established itself as a leader in Western footwear, apparel, and accessories. Starting with an impressive $1 million in net sales during its first year, the company has skyrocketed to over $200 million in net sales recently. Last year alone, Tecovas experienced a robust 24% growth, continuing to expand its market presence vigorously. In a strategic move to accommodate this rapid expansion, Tecovas is transitioning from its South Congress location, where it recently outgrew its space. After a temporary stint at WeWork, the company is now poised to settle into a spacious 30,000-square-foot office at 901 E. Sixth St. starting early April, as shared by CEO David Lafitte. Why East Austin? East Austin is fast becoming a hotspot for dynamic companies. It's not just Tecovas—brands like Poppi, Outdoor Voices, and Favor have also set up shop in this burgeoning district, drawn by its walkable streets and vibrant community vibe. The decision to move here aligns with a broader trend of businesses seeking locations that resonate with their culture and offer convenience to their employees. The new headquarters will not only provide ample room for Tecovas' growing team but also reflects the brand's commitment to being at the heart of Austin’s development. With 130 employees currently at its headquarters and a total of 700 across the company, Tecovas is on a hiring spree, aiming to further bolster its workforce in the coming months. What’s Next for Tecovas? On the retail front, Tecovas is not slowing down. The company opened eight new stores last year, bringing the total to 32, and has plans for even more, including breaking new ground in the Northeast and expanding its presence in California. These new locations are a testament to Tecovas' ambition to bring its high-quality Western products to a broader audience. Local Impact and Cultural Fit: East Austin's appeal as a hub for innovative companies is evident in its competitive office rental rates and availability. With rates averaging over $53 per square foot and a bustling scene that attracts top talent, it’s an ideal locale for firms looking to immerse themselves in Austin's unique culture. Real estate experts point out that places like East Austin and South Congress offer the kind of walkable, engaging environments that modern companies crave. Bottom Line: As Tecovas steps into its new chapter in East Austin, the move underscores a significant growth phase for the company and highlights the area's appeal as a prime destination for leading businesses. If you’re keen to learn more about how this affects our local market or have other inquiries about Austin’s evolving business scene, feel free to reach out. We love to keep you in the know!

If you’re thinking about buying a home, chances are mortgage rates are a big part of your financial planning. You’ve likely heard about their impact on what you can afford each month, and you want to make sure you’re well-informed as you plan your move. Sorting Through the Noise: With all the headlines about mortgage rates recently, it can feel overwhelming trying to make sense of it all. Let’s break down what’s really important for you to know. The Latest on Mortgage Rates: Mortgage rates have been quite volatile lately—bouncing around more than usual. You might be wondering why. The truth is, it’s complex because a multitude of factors influence rates. These include the broader economy and job market, current inflation rates, decisions by the Federal Reserve, among others. Recently, all these elements have contributed to the volatility we're seeing. Odeta Kushi, Deputy Chief Economist at First American, sums it up: “Ongoing inflation deceleration, a slowing economy, and even geopolitical uncertainty can contribute to lower mortgage rates. On the other hand, data that signals upside risk to inflation may result in higher rates.” Professionals Can Help: While it's possible to delve deep into each factor affecting mortgage rates, that can be quite time-consuming. When you’re planning a move, you might not want to get bogged down with extensive research. Instead, it’s beneficial to rely on professionals. They're adept at coaching people through market conditions, providing summaries of trends, and interpreting what experts predict for the future, all in terms of how it affects you. Consider this example: a chart showing how changes in mortgage rates might affect your monthly payment when buying a home. If your budget for a monthly payment (principal and interest only) is between $2,500 and $2,600, even a slight shift in rates can significantly impact the loan amount you can afford. Visual Aids Are Key: It’s tools and visuals like these that help translate market dynamics into something meaningful for you. Professionals have the knowledge and expertise to guide you through these tools, making the complex understandable. You Don’t Need to Be an Expert: You don’t need to master every detail about real estate or mortgage rates—that’s what experts are for. Having one by your side can make all the difference. Bottom Line: Curious about the current housing market and how it affects you? Let’s connect. We can help translate what’s happening into practical information that will assist in making informed decisions about your future home purchase.

Wondering if it still makes sense to sell your house right now? The short answer is, yes. And if you look at the current number of homes for sale, you’ll see two reasons why. An article from Calculated Risk shows there are 15.6% more homes for sale now compared to the same week last year. That tells us inventory has grown. But going back to 2019, the last normal year in the housing market, there are nearly 40% fewer homes available now: Here’s a breakdown of how this benefits you when you sell. 1. You Have More Options for Your Move Are you thinking about selling because your current house is too big, too small, or because your needs have changed? If so, the year-over-year growth gives you more options for your home search. That means it may be less of a challenge to find what you’re looking for. So, if you were holding off on selling because you were worried you weren’t going to find a home you like, this may be just the good news you needed. Partnering with a local real estate professional can help you make sure you’re up to date on the homes available in your area. 2. You Still Won’t Have Much Competition When You Sell But to put that into perspective, even though there are more homes for sale now, there still aren’t as many as there’d be in a normal year. Remember, the data from Calculated Risk shows we’re down nearly 40% compared to 2019. And that large a deficit won’t be solved overnight. As a recent article from Realtor.com explains: “. . . the number of homes for sale and new listing activity continues to improve compared to last year. However the inventory of homes for sale still has a long journey back to pre-pandemic levels.” For you, that means if you work with an agent to price your house right, it should still get a lot of attention from eager buyers and could sell fast. Bottom Line If you're a homeowner looking to sell, now's a good time. You'll have more options when buying your next home, and there's still not a ton of competition from other sellers. If you’re ready to move, talk to a local real estate agent to get the ball rolling.  

  There’s a lot of confusion in the market about what’s happening with day-to-day movement in mortgage rates right now, but here’s what you really need to know: compared to the near 8% peak last fall, mortgage rates have trended down overall. And if you’re looking to buy or sell a home, this is a big deal. While they’re going to continue to bounce around a bit based on various economic drivers (like inflation and reactions to the consumer price index, or CPI), don’t let the short-term volatility distract you. The experts agree the overarching downward trend should continue this year. While we won’t see the record-low rates homebuyers got during the pandemic, some experts think we should see rates dip below 6% later this year. As Dean Baker, Senior Economist, Center for Economic Research, says: “They will almost certainly not fall to pandemic lows, although we may soon see rates under 6.0 percent, which would be low by pre-Great Recession standards.” And Baker isn’t the only one saying this is a possibility. The latest Fannie Mae projections also indicate we may see a rate below 6% by the end of this year (see the green box in the chart below):     The chart shows mortgage rate projections for 2024 from Fannie Mae. It includes the one that came out in December, and compares it to the updated 2024 forecast they released just one month later. And if you look closely, you’ll notice the projections are on the way down. It’s normal for experts to re-forecast as they watch current market trends and the broader economy, but what this shows is experts are feeling confident rates should continue to decline, if inflation cools. What This Means for You But remember, no one can say for sure what will happen (and by when) – and short-term volatility is to be expected. So, don’t let small fluctuations scare you. Focus on the bigger picture. If you’ve found a home you love in today’s market – especially where finding a home that meets your budget and your needs can be a challenge – it’s probably not a good idea to try to time the market and wait until rates drop below 6%. With rates already lower than they were last fall, you have an opportunity in front of you right now. That’s because even a small quarter point dip in rates gives your purchasing power a boost. Bottom Line If you wanted to move last year but were holding off hoping rates would fall, now may be the time to act. Let’s connect to get the ball rolling.

Back in the Swing: Blues on the Green Returns After a brief hiatus that had Austin music lovers on the edge of their seats, Blues on the Green is making a triumphant return to the city's summer calendar. The swift action taken to revive this beloved event is a reminder of how quickly things can move when the community and local businesses, like H-E-B, along with city officials, pull together. Thanks to the efforts of Austin City Limits Radio and a resolution by the Austin City Council, spearheaded by District 1 Council Member Natasha Harper-Madison, the festival is not just back but promises to be better than ever. The Community's Rally for Music The initial announcement in January by ACL Radio that Blues on the Green was canceled sent shockwaves through the community. This staple of Austin's summer at Zilker Park, known for bringing free music to the Great Lawn, faced financial difficulties that seemed insurmountable. The community's response was immediate, with many questioning why a small entry fee wasn't considered or why assistance wasn't sought from the City of Austin. It didn't take long for the city council to respond, drafting a resolution that not only addressed the immediate concerns of Blues on the Green but also looked to safeguard and promote similar events in the future. A Resolution for the Future of Free Entertainment The resolution adopted by the city council goes beyond just saving Blues on the Green; it lays the groundwork for supporting and enhancing free and low-cost entertainment options in Austin. Highlighting the festival's role in enriching the city's cultural identity, the resolution points to the importance of such events in engaging residents, attracting diverse audiences, spurring economic development, and providing educational opportunities in the music industry. Notably, it references the new Music Business Certificate Program at Huston-Tillotson University, showcasing the city's commitment to nurturing talent and ensuring the vibrancy of its music scene. Moving Forward: Blues on the Green and Beyond With the resolution in place, the City Manager is tasked with exploring the potential for Blues on the Green to become a city co-sponsored event. This directive opens the door for more events like it, setting a precedent for how the city can support its cultural events. Council Members Natasha Harper-Madison, Paige Ellis, Zohaib ''Zo'' Qadri, and Ryan Alter have shown their commitment to maintaining Austin's status as a live music capital, ensuring that free and accessible music remains a cornerstone of the city's identity.

  Optimism in the Air The Austin housing market has entered 2024 with a spring in its step, as both buyers and sellers start to feel more hopeful about their prospects. A fresh report from the Austin Board of Realtors paints a picture of a market that's beginning to bounce back, with some encouraging figures to boot. Sales and Prices: A Snapshot In a revealing analysis by Unlock MLS, the Austin-Round Rock-Georgetown metro area saw a modest yet positive movement in its housing scene. January witnessed a 4.3% increase in home sales and a 3.8% rise in pending sales compared to last year. The median price slightly adjusted to $430,000, indicating a market responding to recent shifts in mortgage rates. Mortgage Rates and Market Dynamics The narrative of the past year has been one of adjustment, with mortgage rates peaking and then declining towards the end of the year. This change has translated into a boost for buyers, offering them more purchasing power and contributing to the uptick in home sales in January. However, the quest for more affordable housing in Central Texas is far from over. City-Specific Insights Zooming into Austin, the city saw 520 homes sold at a median price of $534,500. The surrounding counties each tell their own story, with Travis County experiencing a slight dip in median prices and Williamson County showcasing a stable market. Hays County, on the other hand, enjoyed a significant increase in home sales, while Bastrop and Caldwell Counties saw remarkable growth in both sales and listings. Looking Ahead The Austin housing market's early performance in 2024 suggests a cautiously optimistic outlook. Efforts continue to ensure that affordable housing becomes more accessible, with a focus on supporting first-time homebuyers and those in greatest need. The collective push towards more inclusive housing policies signifies a hopeful direction for Central Texas's real estate landscape.