Friday, March 5, 2021 / by Troy Schlicker
Over the last year our economy has seen a lot of fluctuation in many different areas. At the same time the housing market has remained robust nationwide and especially here in Austin, TX. Can we expect the good time to continue?
In March when cities and states began pandemic related shutdowns, real estate brokers and clients took an initial pause and then scrambled to respond to the changing landscape. Record-low interest rates caused historic mortgage activity leaving some lenders to halt new underwriting, and many homeowners had to consider whether they wanted to put their home on the market. The initial days of uncertainty soon ushered in a period of unprecedented demand in the local Austin real estate market as well as nationally. We ended the year with the average home price up 11.6% to over $450,000 in Austin and the days on market cut in half.
As we approach the spring market which is typically the busiest time for housing activity, you may question whether the good times wi. ...
Monday, February 1, 2021 / by Troy Schlicker
We’ve all spent a lot more time at home over the past year. And for many of us, our homes have become our office, our classroom, our gym—and most importantly, our safe haven during times of uncertainty. So it’s no surprise to see that design trends for 2021 revolve around soothing color palettes, cozy character, and quiet retreats.
Even if you don’t have immediate plans to buy or sell your home, we advise our clients to be mindful of modern design preferences when planning a remodel or even redecorating. Over-personalized or unpopular renovations could lower your property’s value. And selecting out-of-style fixtures and finishes could cause your home to feel dated quickly.
To help inspire your design projects this year, we’ve rounded up five of the hottest trends. Keep in mind, not all of these will work well in every house. If you plan to buy, list, or renovate your property, give us a call. We can help you realize your vision and maximize the i ...
Saturday, January 2, 2021 / by Troy Schlicker
The start of a new year always compels people to take a fresh look at their goals, from health and career to relationships and finance. But with historically low mortgage rates, increased home sales and price growth, and a tight housing inventory, the time is right to also make some homeownership resolutions for 2021.
Home buyers, is this the year you work to improve your credit score, pay down some debt, or save for a down payment?
Home sellers, we’ve laid out plans for you to get top dollar for your property, including timing your home sale, making your property stand out from the crowd, and investing in your extra living space.
And even if you’re staying put for awhile, homeowners, you can resolve to improve your status quo by evaluating your home budget, finalizing your home maintenance schedule, or maybe investing in a second property.
So no matter your homeownership status, we’ve got some ideas and advice for you to make this year your best one yet. Read ...
Monday, December 7, 2020 / by Troy Schlicker
This year has demonstrated, perhaps more than ever, the importance of our family, friends, neighbors, and community. It truly “takes a village” to keep a community functioning effectively, whether that’s by keeping our waterways clean, feeding the hungry, teaching our kids, or supporting small businesses.
With the holidays right around the corner, December offers the perfect opportunity to give back to the place we call home. You might want to focus your efforts near home, expand to our larger community, or even help support the people closest to you. Whether you’re passionate about a particular cause or just want to get more involved in general, let these 10 ways, both big and small, inspire you to do good in your town.
GIVE BACK NEAR HOME
1. Attract local wildlife. By making your neighborhood more wildlife friendly, you’re helping to create a balanced and healthy ecosystem. Plus, many of the animals you can attract help with pest control and pollin ...
Thursday, November 5, 2020 / by Troy Schlicker
“2020 will be known for a lot of things, and a record-breaking year for real estate will certainly be one of its more unexpected legacies,” prominent economist Daryl Fairweather said.1 And he’s right: most of us would have expected the housing market to suffer from circumstances like a once-in-a-hundred-years pandemic and historic inventory shortages.
But, rather than a slowdown, we are continuing to experience a surprisingly robust real estate market across the country. And experts estimate that these conditions are likely to last well into the new year. Fannie Mae Senior VP and Chief Economist Doug Duncan predicts that existing home sales will ultimately “be up a percent or more in 2021.” He believes home prices will continue to rise due to limited inventory, but he is confident the Federal Reserve will keep interest rates low into the future, which will be “very good for households.”2
Market conditions like fewer available listings, chan ...