Homecity blog

 couple moving into home

Congratulations, you’ve found the perfect place to live and can’t wait to settle into your new home. The only thing left to do is - the dreaded move. Packing up your place and relocating to another can be not only tedious and time-consuming, but often expensive! 

However, there are tips and tricks used by the professionals that can make the moving process less of a headache. We asked some of the best in the business what they suggest doing to keep things organized before, during, and after the big move.  

Plan, plan, plan.

Professional organizer Jennifer Lava suggests starting as early as possible in your planning and scheduling. “Keep a master to-do list of all moving-related tasks. Then use your calendar to schedule and plan them out to

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advice from a real estate tax expert

It’s tax time again, which means that most people are gathering their documentation and counting their deductions. However, many people, homeowners, and investment property owners especially, don’t realize that they could be saving much more money than they are currently. Property owners are afforded all sorts of tax breaks and incentives that can sometimes be overlooked by those who are not 'in the know.' In many cases, employing the help of a CPA rather than doing your taxes yourself can garner a much larger tax return. We caught up with Brandon Hall from The Real Estate CPA to learn a little bit more about homeowner tax advantages, investor tax incentives, and why employing a CPA is a smart move. 

 

Now, you might be wondering, why are there

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January 2017 DFW Housing Market Statistics

It’s been an unusually busy winter so far for most real estate professionals in the Dallas/Fort Worth area, and the market isn’t showing signs of slowing down anytime soon. Changes in the market, like continued low inventory and higher competition for homes, haven’t deterred those who are determined to land their dream home. Home sales and prices continue to rise, even as mortgage rates increase.

 

Perhaps we have the area's low unemployment rates (around 3.7%) and improved wages to thank for that. As more people move to the area, many times for a higher paying job, the demand for housing increases. These people, generally speaking, can afford and are willing to shell out the cash for real estate in DFW. They are prepared to compete for homes in

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January 2017 Austin Market Statistics

Surprise, surprise, it looks like our Austin housing market is showing signs of normalization. In fact, many economists predict that our market will begin to correct itself sometime in 2017. The Austin Board of Realtors, in its monthly market statistics press release, reported another record-breaking year for Central Texas home sales in 2017, but concurred that the market is steadying.

 

"The Central Texas housing market is slowly beginning to align with long-term historical trends. Homes are spending more time on the market and the pace of both home sales and price growth is slowing,” said Brandy Guthrie, 2017 President of the Austin Board of REALTORS­®. “This normalization does not necessarily mean a weakening housing market, but a return to

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2016 was a roller coaster of a year, and 2017 is likely to have some surprises in store as well. There are already changes being felt since Donald Trump won the presidential election, and while this change is unlikely to alter the fundamentals of real estate in the US, we expect there will be more. 

There has already been a slight jump in mortgage rates, although many predictions don’t see them rising above five percent. Even so, that increase in percentage points could mean the difference between being able to afford a home and not – especially for millennials and first-time home buyers. Supreme Lending’s John McClellan, in his 2017 Mortgage Forecast, showed how even a couple mortgage points could add hundreds to a monthly payment.

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It’s that time of year again! Time for new homeowners to file for their homestead exemption! If you bought a home in Texas in 2016, you have until April 30th to file for a residential homestead exemption. A homestead exemption refers to exemptions from property tax that homeowners can claim. Homestead exemptions remove part of your home’s value from taxation, so they lower your taxes. For example, if your home is appraised at $35,000, and you qualify for a $15,000 exemption, you will pay taxes on the home as if it was worth only $20,000.

As a homeowner, you may apply for a homestead exemption on your principal residence ONLY. This means the home's owner must live at the home as of January 1st of the tax year, and be an individual (not a corporation or

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It’s that time of year again! Time for new homeowners to file for their homestead exemption! If you bought a home in Texas in 2016, you have until April 30th to file for a residential homestead exemption. A homestead exemption refers to exemptions from property tax that homeowners can claim. Homestead exemptions remove part of your home’s value from taxation, so they lower your taxes. For example, if your home is appraised at $35,000, and you qualify for a $15,000 exemption, you will pay taxes on the home as if it was worth only $20,000.

As a homeowner, you may apply for a homestead exemption on your principal residence ONLY. This means the home's owner must live at the home as of January 1st of the tax year, and be an individual (not a corporation or

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dallas housing market stats december 2016

Most people who live in the DFW area know that the North Texas real estate market was hot in 2016. With home sales breaking records, up 13.5 percent from the year prior, this was not your typical November. What you might not know, however, is that several North Texas areas topped Realtor.com’s list of most searched zip codes this year. In fact, every single one of the top ten searched zip codes were in Texas! 

While the very top four searched were in the Waco area (blame the hit cable TV show Fixer Upper for that), the rest were in the DFW Area. Carrollton, Hurst, Bedford, Plano, Dallas, and Arlington rounded out the list, and we can’t say we’re surprised. North Texas Real Estate Information Systems (NTREIS) recently released their latest market

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The winter months are typically the slowest time of the year for real estate sales. However, November 2016 broke the mold. Single family home sales experienced double-digit growth across the Austin-Round Rock Metropolitan Statistical Area (MSA), in an unusual end of the year surge. 

The Austin area's growth doesn’t seem to be slowing down for the holidays, and this growth is fueling home sales throughout the region. Single-family home sales throughout the MSA jumped 15.8 percent year-over-year to 2,055 homes sold in November 2016. As for Austin-proper, home sales jumped 13.7 percent to 656 homes sold. Hayes, Travis, and Williamson counties also saw annual growth in the double digits as well.

Mark Sprague, State Director of Information Capital

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As affordability becomes more of an issue in the Austin area, the city is working to make more affordable housing options. These homes are reserved for people at 80% or below the median income level and are usually just as beautiful as their fully priced counterparts. These housing and financial empowerment programs are designed to assist Austin’s moderate and low-income residents and families.

Affordable housing developments include all kinds of homes for people from all walks of life. This includes more than 1,400 new houses, condos, and apartments that are reserved specifically for those with lower incomes. The aim is to keep people's housing costs at no more than 30% of the household’s gross income. If the housing costs are kept at a

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