HomeCity Real Estate Blog

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

20 Views, 0 Comments.

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

570 Views, 0 Comments.

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

224 Views, 0 Comments.

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

801 Views, 0 Comments.

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,

93 Views, 0 Comments.

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

232 Views, 0 Comments.

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

271 Views, 0 Comments.

Housing affordability in Austin is becoming a concern with home prices rising every day. For the second month in a row Austin-area home sales declined year over year. While the city is wealthier than it was 10 years ago (with one in four households earning an income of $100,000 or more), many first time homebuyers are now priced out of an affordable range. First time buyers, as well as buyers looking to move up are a significant portion of homebuyers in the Austin area, which is why home sales are falling.  

The Austin Board of Realtors recently released their market data for August, showing the number of homes sold dropping 4% to 2,835 homes sold last month. “We had a huge boom last year in August and we are seeing a normalization of the market

459 Views, 0 Comments.

Every year, the Dallas State Fair sets up in Fair Park (Dallas)! Featuring more than 100 performances daily by everyone from acrobats and Ronald McDonald to national headliners like Kyle Park, Cody Canada & The Departed, and Kool & The Gang. Since it takes place on Sept. 26th and runs until Oct. 19th, you and your family have plenty of time to check out the event! 

You won’t want to miss the many fun and educational activities available for kids at the State Fair! Children can visit Big Tex’s Barnyard or the Children’s Medical Center Barnyard to have an up-close experience with animals. Families can also enjoy a lighted procession each night featuring floats, costumes, and tons of fun characters at the Starlight Parade. Attendees can also catch the

134 Views, 0 Comments.

Austin is known for its plethora of activities, but you may not realize how many festivals occur in our city. There are so many, in fact, that you could attend a festival every week for the entire year! To help you navigate the madness, we’ve made a definitive list of every Austin festival ranging from music, to art, to cultural, to foodie. There are so many options, and a music festival for just about everyone! 

                                          

1. Carnaval Brasileiro (February) – Austin’s one night Carnival celebration is one of the biggest Brazilian carnival celebrations outside of Brazil! Participants don their best carnival garb (feathers, sequins, corsets, showgirl attire) and dance the night away to samba, drum beats, and other

727 Views, 0 Comments.