HomeCity Real Estate Blog

The Austin housing market rebounded from it’s past two months of decreased home sales in September 2014, seeing the most homes ever sold in and 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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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

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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

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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

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We are mid-way through the third quarter of 2014 and school is almost back in session. In the real estate market, low supply and tight credit standards are hurting the markets recovery, and prices continue to rise in many areas of the DFW area. Affordability remains high, though, thanks to continuously lower interest rates. 

The North Texas Real Estate Information Systems (NTREIS) recently released their latest housing market statistics which show DFW selling 9,286 single family homes this July. This is 7.3% less than July 2013. DFW-area monthly housing inventory dropped to 3.6 months supply in July 2014, a decrease of 13% from the year prior. We are sill well below six months of inventory, which is considered a balanced market.  

Dallas/Fort

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We are mid-way through the third quarter of 2014 and school is almost back in session. Our real estate market is still strong, but for the first time this year we sold less homes than the same month last year. Keep in mind, though, that July 2013 had the highest sales volume in the history of Austin… some tough numbers to compete with!  

The Austin Board of Realtors (ABoR) recently released their latest housing market statistics which show Austin selling 2,944 single-family homes this July. This is 3% less than July 2013. Austin-area monthly housing inventory rose to three months in July 2014, an increase of 0.2 months from the year prior and the first annual increase in inventory levels since May 2011! However, we are sill well below six months of

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Upcoming Dallas/Fort Worth Events

Design District Market

The Design District Market features local artists, jewelry designers, photographers, vintage shops, and more! Taking place on Saturday, August 23rd, this free indoor/outdoor market showcases some of the best shops around the DFW area. Local food trucks will also be on sight to purchase eclectic food and drinks. Local musicians provide chill summer tunes throughout the day. Guests can also cool off from the Texas summer heat in the Progressive Waste Solutions customized “Dumpster Pool.”

This event is held indoor and outdoors, so you can choose to enjoy the weather or escape the heat! Come out and support the Design District’s community of local businesses, artists, and artisans! For more

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