HomeCity Real Estate Blog

Dallas and Austin are two cities that have recently made a significant impact in the housing market. According to a report featured on Culture Map, a source for entertainment, events and news in Texas, Austin ranked as the number one U.S. city for best housing market to invest in this year—Dallas is close behind and ranked five.

How different is the real estate market in these two cities? Over time, their home values have slightly depreciated. According to Local Market Monitor, a website that forecasts home prices, Austin’s housing market is overpriced by 8 percent. In contrast, the housing market in Dallas is underpriced by 9 percent. However, this has not impeded Austin’s ability to flourish. The population in Austin grew by 8.9 percent from 2010

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With our city's landscape changing so rapidly, both the physically and digitally, HomeCity Real Estate has recently updated its website, www.homecity.com. It has done so to ensure the highest quality user experience possible and streamline the home search process for its users. HomeCity 2.0 still has all the same features, but is packed with many more, all with a new streamlined, sleek look.

HomeCity is a local brokerage, whose website is one of the most widely used home search websites in the Austin area with thousands of visits per day, and tens of thousands of registered users. Unlike websites like Trulia and Zillow, their website hosts all MLS listings which are completely up to date and refreshed every few hours. HomeCity has added different

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February featured rising home prices throughout the Dallas-Fort Worth area, as has been the trend for the past few months. Despite the increase, housing affordability remained up following January’s steep increase. The overall Housing Affordability Index report was 1.2% higher than a year ago, with a rating of 172. This change was likely a byproduct of a substantial drop in closed sales for the month, which were down 9.1% from last February. Pending sales figures dropped in a similar fashion as compared to early in 2014, marking the second time in as many months that pending sales have failed to meet the marks of the previous year.

“As has been the case for a while now, inventory woes are hampering the recovery of the Dallas-Fort Worth market,”

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Spring is here, and the city of Austin is bustling! We just wrapped up SXSW and have tons more fun events on the horizon. Austin Fashion Week (April 10 – 18th) is right around the corner, showcasing some of Austin’s best local designers. The Moontower Comedy and Oddity Festival (April 22 – 25th) showcases some of the best comedy from around the country, and is held right here in Austin! Austin Food and Wine Festival (April 24 – 26th) features some of the best chefs from around the country as well as the amazing local chefs that reside in Austin. Finally, Eeyores Birthday Party (April 25th) is an Austin tradition that keeps Austin weird by celebrating the depressed donkey in Pease Park with a city-wide celebration! The real estate world is heating up

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The first month of the new year continued on many of the trends from the last quarter of 2014, as home prices throughout the Dallas Fort-Worth area were recorded at a dramatic increase from the previous year’s numbers. Affordability, on the other hand, showed a major jump from the previous month to within 1.0% of last January’s numbers at 182. This could have been a byproduct of a drop in closed sales, which were down 7.4% from a year ago. Similarly, pending sales figures dropped significantly as compared to the figures from early 2014.

“The North Texas market has been heavy with buyers for months, but it looks like the market’s inventory woes will continue to slow its recovery early in 2015,” said Keith Dunham, C.E.O. of HomeCity Real Estate. With

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HomeCity congratulates all winners and nominees of the Austin Business Journal’s 2015 Residential Real Estate Awards! ABJ recently held their annual awards ceremony which honored Austin’s most successful real estate agents and homebuilders. The event took place at the Hyatt Regency downtown ballroom on Lady Bird Lake and more than 640 people were in attendance. HomeCity Real Estate’s Kirk Lewis took home the number four spot this year, out of 50 realtors who were honored at the luncheon.

“Austin is such an amazing place to live and work,  I am truly blessed to be a part of this town and this industry,” said Kirk Lewis. “I have amazing clients who continue to refer business to me and I am truly thankful. I have had a remarkable 14 years in this business

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We’re nearing the end of February, and the Austin Board of Realtors (ABOR) has recently released January’s market statistics. January showed continued growth in Austin hitting an all-time high in regards to home prices. The median price for Austin-area homes increased 13% year-over-year to $240,000, while the average price jumped 14% to $310,187. This marks the fourth straight month of double-digit gains in home prices, making certain parts of the city inaccessible to people with lower incomes.

“First time home buyers and young families may be pushed farther out into the outskirts of town,” said Keith Dunham, C.E.O. at HomeCity Real Estate. “Places like Downtown, south Austin north of 290, Westlake, Tarrytown, and Hyde Park are simply too pricey for

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HomeCity Real Estate sent a team of volunteers to the Zilker Park on February 11th, 2015 to plant trees in support of Treefolks. Treefolks, established in 1989, empowers Central Texans to build stronger communities through planting and caring for trees. Over the years, Treefolks volunteers have planted 1 million trees in Central Texas at schools, parks, in medians, right of ways, community gardens, greenbelts, and on private lands in fire ravaged Bastrop County. They preserve the quality of life for Central Texans by cooling the air, cleaning precious water, sheltering us from the hot Texas sun, and keeping our city green!

After attending a short orientation, the team split into groups and volunteers planted over 1,000 trees in Zilker Park.  They dug

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One of the most important factors in choosing a home for many people is the quality of the public school systems in the area they choose. Starting off your child's education on the right foot can be very important, so choosing the right elementary school is imperative. While there are many exemplary public elementary schools in the Austin area, there are also several that aren't up to par. Choosing the right location can help ensure that your child gets the best early education possible! Some of the higher ranking independent school districts (ISDs) in the Austin area are Eanes ISD, Lake Travis ISD, Dripping Springs ISD, and Round Rock ISD, and you will see most high-ranking elementary schools belonging to these districts. If you notice that most of the

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December closed out the year on a familiar note, as home prices throughout the Dallas-Fort Worth area were recorded at a massive increase when compared to the previous year. Despite a steep affordability decrease of 6.1% to 159 on the affordability index throughout North Texas, closed sales continued to outperform similar numbers from last December, showing a modest 1.7% increase. A large increase in pending sales in the last quarter of 2014 helped drive strong sales numbers as the calendar approached the new year.

“Despite continued drops in inventory, the North Texas market has been bolstered by a substantial increase in pending sales to close out the year,” said Keith Dunham, C.E.O. of HomeCity Real Estate, “and we look for this trend to continue

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