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This new construction home is located just west of Austin. It sits on about an acre of land in a beautiful neighborhood of similar homes. The HOA fees were also low in this luxury neighborhood because there is no community pool. Most owners are putting in their own pools if they want one. This […]
Read MorePreliminary numbers from ABOR’s data are reflecting the slower market we have experienced over the summer. Not to say that homes are not selling – they are. Typical seasonality trends are still present, where sales slow during later summer months. With inflation showing a slight increase today (8/10/23), the Federal Reserve may want to do […]
Read MoreAn explanation of the June 2023 Market Stats for the Austin area: Let’s dive into the fascinating world of real estate metrics and explore the correlation between various factors that play a crucial role in the buying and selling process. Whether you’re a buyer or a seller, understanding these metrics is vital in making […]
Read MoreEarlier this year, I had a situation representing a buyer on a land deal. While working on the offer, I noticed the promulgated unimproved land contract included a section for the Seller’s Disclosure. I drafted the offer, and let my clients review it. However, I did not have them sign it. I sent the unsigned […]
Read MoreThe Headlines: Is the Market Going to Crash? The media keeps trying to push that the real estate market is crashing. They love those dramatic headlines, especially because most people these days only read the headlines. Prices have fallen over the past year, but if we have seen prices increase over the past 5-6 years, […]
Read MoreWhat is luxury? The traditional definitions of luxury typically referred to the highest priced products or services. Webster defines it as “a condition of abundance or great ease and comfort”. Or, “an indulgence in something that provides pleasure, satisfaction, or ease” (merriam-webster.com). In other sources, luxury items are defined as products or services that are […]
Read MoreAustin Area Real Estate Market Update 2023* Market Outlook The Austin real estate market is gearing up for 2023 in 2008 fashion. Mortgage rates are hovering around the mid 6s for 30 year fixed conventional loans. The Federal Reserve is promising a teensy tiny federal funds rate increase because inflation is slowly improving, which will […]
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