HomeCity Real Estate Blog

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

55 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

70 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

259 Views, 0 Comments.

 

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

360 Views, 0 Comments.

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

611 Views, 0 Comments.

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

2,572 Views, 0 Comments.

Upcoming events in Austin, TX!

 

Dane's Body Shop presents F'nGive Benefit for Explore Austin

Dane's Body Shop is hosting donation based bootcamp that benefits the youth leadership, mentoring and adventure non-profit Explore Austin at Barton Springs park on Saturday, August 16th. The Fusion 'n Go (F'nGo) is an outdoor workout program that caters to South Austin, and the F'nGive is a free workout session taking place on the south lawn of Barton Springs. Donations of $10 and up will grant you access to the class, as well as admission into Barton Springs. Choose a workout at 8:15 am or 9:10 am — or both if you're up for a challenge. Bring the family out for some active fun in the sun! For more details, visit their website.

 

2014 Classic

476 Views, 0 Comments.

It’s July in the Dallas/Fort Worth area, and our weather matches our real estate market… HOT! July marks the middle of the year for 2014, and the North Texas Real Estate Information Systems (NTREIS) has released their market statistics. Let’s take a look at what’s taken place over the first six months of this year:

DFW-area home sales decreased 2.3% year over year to 45,848 homes sold. Statistics show activity is picking up in the upper price tiers, while the lower price tiers are slower. This is probably due to the lack of access to mortgage capital in the lower price ranges. The average number of days homes spent on the market was 55, which is 11.1 days fewer than the first half of 2013. The median price for single-family homes rose 6.8% year

301 Views, 1 Comments.

It’s July in Austin and our weather matches our real estate market… HOT! July marks the middle of the year for 2014, and the Austin Board of Realtors (ABoR) has released their market statistics. Let’s take a look at what has taken place over the first six months of this year.

Austin-area home sales increased 3% year over year to 13,426 homes sold. We are currently on pace to exceed 2013’s all-time high in sales volume! The average number of days on the market was 47, which is seven days fewer than the first half of 2013. The median price for single-family homes rose 7% year over year to around $239,900. Additionally, the average home price increased 6% to $308,298. Over four billion dollars ($4,139,209,987) worth of single-family properties sold in

566 Views, 1 Comments.

HomeCity Real Estate sent a team of volunteers to the Austin Animal Center on July 24th 2014. The Austin Animal Center, the largest municipal animal shelter in Central Texas, provides care to over 20,000 animals annually. Focused on placing all adoptable pets in “forever homes” through adoptions, foster care or reuse partner groups, this facility helps to nurture and rehabilitate abandoned dogs, cats, and other animals. In fact, the Austin Animal Center accepts most stray and owned animals regardless of age, health, species or breed.

After attending a short orientation, the team of volunteers began choosing large dogs to walk, pet, and play with. The facilities are equipped with private caged play areas, grassy, shaded leash-walking areas, and small

274 Views, 2 Comments.