Realtor.com 2025 Housing Forecast

 Mortgage rates are expected to keep mortgage payments essentially unchanged in 2025 despite continued home price growth. With Donald Trump’s victory in the 2024 election, the U.S. housing market could see significant shifts, from regulatory changes to tax policies, and potentially even a recalibration of housing supply and demand dynamics especially since President-elect Trump is a developer...

The Housing-Activity Bust Might Have Just Ended

 Times are still tough for U.S. homebuyers. Long-term interest rates are rising again. That has pushed mortgage rates back above 7%. And it's keeping housing affordability near the lowest level in decades. Yet home prices keep rising with no end in sight. You'd think this combination should be freezing housing activity. But it isn't… Full article here: The Housing-Activity Bust Might Have Just...

Single-Family Starts Rebounded in December 2024 To Their Highest Level Since 2021

 Single-family housing starts rebounded in December ending the year with more new construction than in 2023. Despite rising housing inventory coupled with higher uncertainty about the future path of mortgage rates, builders remained cautiously optimistic and ended the year on a strong note. Full article here: Single-Family Starts Rebounded in December 2024 To Their Highest Level Since 2021 (512)...

TransPak opens campus in Manor

 Silicon Valley-based TransPak has opened a new 300,000-square-foot campus in Manor, east of Austin. The facility brings 75 to 100 new jobs to Manor, where TransPak already has more than 200 employees. The logistics, packaging and crating services company is expanding its presence in Manor to support the area’s semiconductor companies. Full article here: TransPak opens campus in Manor (512)...

What To Do If Your House Didn’t Sell

Last year, as many as 1 in 3 sellers took their home off the market because it wasn’t selling. If this happened to you too, you don’t need to be embarrassed. What you need are answers. And a local real estate agent can help with that by seeing if it was priced too high, needs some repairs, or didn’t get the right exposure. If you still want to move, let’s connect to come up with a new strategy....

Three-Quarters of Americans View Homeownership as Part of the American Dream

Though today’s housing market presents a challenge for many hopeful homeowners, a recent Realtor.com® survey reveals that owning a home is still a life goal for many Americans. Roughly two-thirds of Americans have the goal of owning a home and nearly as many (59%) feel that homeownership is achievable for them.  Notably, half of all respondents believe that homeownership is necessary to achieve...

Austin home sales over past 5 years reflect Covid effects & recovery

Below are the five-year averages for our Austin metro single family home sales between 2020 and 2024. For the first image, Number of Home Sales, I note the following: 2000 and 2001 were the Covid years which created aberrations in every statistic of our home sales that we will likely never see again in our lifetimes.   Therefore, it is best that we confine our analysis to the past 3 years...

The Income Needed in Each State To Afford a Starter Home at a 7% Mortgage Rate

Mortgage rates are quickly approaching 7% again, after rising each of the first two weeks in January. Nationally, it means the household income now required to afford the typical starter home is $70,164, up more than 100% from just $32,357 in 2019, according to a new analysis from the Realtor.com® economic research team. Full article here: The Income Needed in Each State To Afford a Starter Home at a...

The top 30 reasons why Central Texas is the “it” spot to call home

Here are 2024 media accolades that prove central Texas is the place to be from lifestyle & population, real estate, for veterans, culture, dining & entertainment, business & economy and education.  Full article here: The top 30 reasons why Central Texas is the “it” spot to call home (512) 853-0110 or robert@AustinTxHomeSales.com If you are unable to open the link/article...

A roundup of some of the Austin metro real estate stories

Building Austin is back with a lot to catch up on since our last update, which covered the sale of a 35-story, sail-shaped tower in downtown Austin leased to Google. Cousins Properties purchased it for $421.8 million in December. Full article here: A roundup of some of the Austin metro real estate stories (512) 853-0110 or robert@AustinTxHomeSales.com If you are unable to open the...

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