HomeCity Real Estate Blog

Austin has seen some exponential growth over the past few years. Along with this growth has come a shift in neighborhood sales figures. Because the neighborhoods closer to Downtown have been desirable for some time now, there is little inventory available there anymore. 

“When people are where they want to be, they tend to keep their homes and simply remodel, alternatively, people who are not in their desired certain location will pay more for a home there,” said Keith Dunham, C.E.O. at HomeCity Real Estate.

Newcomers and people looking to move up at a more affordable price are forced to look outwards of central Austin. Places like Austin’s east side, Southwest Austin, and Northwest Austin are blowing up.

“Many areas that used to be starter

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This time of year, one of the funnest things to do is to visit holiday lights displays around town. The Dallas/Fort Worth area is full of holiday attractions from planned shows and events to drive through displays. With so many options, it can be difficult to decide what to see! We've compiled a list of what we think are the best light shows, events, and displays in the Dallas/Fort Worth area. See one or see them all, these are the holiday lights you don't want to miss!

Sparkle! Christmas at the Anatole!

A $20 ticket ($15 for 4-12 and seniors, and free for 3 and under) will get you access to a whole host of holiday activities that will transform the Anatole into a winter wonderland! You can expect and indoor ice skating rink (with skates

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October continued the trend of rising home prices throughout the Dallas-Fort Worth area, complete with a massive increase over the statistics from just a year ago. Affordability showed a dip of 2.2% down to a 167 on the affordability index. Despite the change, a 1.0% increase in sales from last October bucks the pattern of slumping sales figures that had been prevalent throughout the year in North Texas. This can be attributed, at least in part, to the huge bump in pending sales that carried over from September.

“The sales increase is a great sign for the recovering Dallas-Fort Worth market,” according to Keith Dunham, C.E.O. of HomeCity Real Estate, “and this is just what we had hoped for with the large amount of pending sales towards the end of

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October broke records in the Austin housing market with the largest year-over-year increase in home sales to date. Single family home prices also set a record, with the highest figures recorded ever for this month. Prices keep going up, but homes continue to sell. This is because people continue to move to Austin, and despite the more desirable areas having higher home prices, people want to be as close as possible to Austin's epicenter.

"People want to be close to work, amenities, and downtown. They want to make sure their children get to attend the highest rated schools. This is why they will continue to pay more for homes in these areas," said Keith Dunham, C.E.O. at HomeCity. "As long as Austin continues to show a strong job market, our real

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Home prices in Austin are skyrocketing due to supply and demand. With the Austin Business Journal citing 110 people moving 
to Austin everyday on average, homebuilders are struggling to keep up with the rush. Families and individuals moving to the area desire great schools, close proximity to their workplace and neighborhood amenities, which will cost you a pretty-penny in Austin. 

“In Austin’s epicenter prices only go up, they should never go down,” said Keith Dunham, C.E.O. at HomeCity. “This price hike has already hit the north in Round Rock because of its highly sought after Westwood High School. The same effect has occurred in Westlake because of Eanes ISD. As the city expands, prices are rising in the south and east areas of Austin. As incomes

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The Dallas area continued to see rising home prices in September, sustaining the developing trend. Affordability dropped 5% from the previous year down to a 163 on the affordability index. As a result, sales in the area also fell 4.3%, which marks the sixth time in nine months that sales in the Dallas-Fort Worth market fell short of 2013 figures. On the bright side, pending sales were up an impressive 8.2% for the month over the previous year, which helps to cement promising indications for the remainder of the year.

Nonetheless, market data shows a 4.3% decrease in closed sales for September as compared to a year ago. With 7,676 closed sales, reports show indications of the typical slump for this time of year, but numbers remain greater than those

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The Austin housing market rebounded from its past two months of decreased home sales in September 2014, seeing the most homes ever sold in an Austin September. Sales increased 10% from this time last year, with 2,524 single-family homes sold. Even with the rising home prices, Austin’s population and job growth are enough to combat the growing affordability issues. 

“The data supports the current migration to Austin. We have over 100 people moving to Austin everyday because of our strong job market, among other things. New Home Builders have not been able to keep up with the demand for housing,
 said Seth Thompson, Broker at HomeCity Real Estate. “The fact of the matter is that Austin’s job market is so strong, it will continue to fuel the city’s

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The Austin Business Journal ranked the 50 fastest growing companies in Central Texas (the Fast 50), and HomeCity Real Estate is ranked among them. The brokerage was honored, along with the other recipients, at an awards cocktail reception held Thursday, October 16th at the AT&T Executive Education & Conference Center. 

Each year, the ABJ calculates financial data submitted from participating companies and (after review from a third party) ranks the top 50 according to compounded revenue growth. To qualify companies must have experienced dramatic revenue growth within the last three years. 

“HomeCity experienced a growth of over 40% year-over-year in 2013, and this is fueled by the amazing talent we have in our organization,” said Keith Dunham,

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HomeCity realtors and staff worked together with Supreme Lending on Wednesday, October 8th, to help build a house for Austin Habitat for Humanity. Habitat for Humanity’s mission is anchored around their dedication to ending the cycle of poverty housing. They bring together volunteers to help build homes for families earning less than 60 percent of Median Family Income. The families then purchase the home from Austin Habitat and continue to pay an affordable, no profit, 30-year mortgage (which goes right back into the program).  

After attending an orientation, the team of volunteers was allowed to work on the house. The team broke off into smaller groups that were trained to use individual tools and perform specialized tasks. They worked from 9am to

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Home prices in Dallas continue to rise as the months roll by. Affordability is down 3.3% from a year ago. As with other areas around the country, sales are still down from the levels of a year ago. This marks the fifth time in eight months so far this year that fell short of 2013 sales numbers throughout the Dallas-Fort Worth area. We attribute the slump to “price fatigue.” Buyers are waiting to see if prices level or decline in the near future are staying on the sidelines with possibly unrealistic expectations.

Market data for the Dallas-Fort Worth area shows a 12% decrease from 2013 in closed sales for the month of August. With 8,781 closed sales, the numbers remain slightly higher than 2012 figures. Meanwhile, the year to date has been

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