Austin Accolades 2015

3 HOT Austin Neighborhoods for Home Sales

Top 3 Austin NeighborhoodsThe national brokerage and research company, Redfin Corp., has provided great insight in the economy of Austin, most particularly in the performance of its real estate. It has identified three neighborhoods in the Austin area that are doing exceptionally well with regards to home sales. If you are looking for a new house or for a place you can purchase to lease out to others, then you may want to look into these neighborhoods:

1. South Austin

Redfin Corp.’s study found out that South Austin...

Some Changes to Expect in Housing and Real Estate in 2016

Housing Forecast 2016Freddie Mac’s forecast for the 2016 housing market is a paradox; the mortgage powerhouse expects that changes in the mortgage market are inevitable, yet it is unsure on how new game players such as marketplace lending may or may not become the new business model in real estate financing.

Sean Becketti, Freddie Mac’s chief economist, believes “the current generation of marketplace lenders all may fail in the next economic downturn.” Citing the possibility of regulators imposing higher standards on marketplace lenders, the cost advantages of marketplace lending may simply not extend toward mortgage lending in the long run.

However, Becketti does acknowledge that change is inevitable--

...

Population Explosion: Austin Now with over 2 Million Residents

2 Million Austin Residents 2015The summer of 2015 is a momentous time for Austin. The number of people living in the five-county metro area surpassed the 2-million mark sometime midyear, as observed by Austin-based company Lawnstarter.

Lawnstarter’s source, Ryan Robinson, further reports that the population of Austin reached 2,020,452 by October 1. The city’s chief demographer explains that Austin’s population is continuously soaring, with a predicted growth of 3.2 million...

Austin Ranks 9th Best City for Veterans

Once again, Austin has proven itself a worthy contender for the title “one of the best places to live in the U.S.”. Using 18 key metrics to find the best cities for veterans within the nation’s 100 largest metros, Wallethub ranks Austin, Texas as the 9th Best City for Veterans.

RealtorMAG reports that factors such as income growth, veteran unemployment rates, housing affordability, veteran population, educational opportunities, number of VA health facilities, and the number of veterans living below the poverty line, among others, were considered in the rankings.

Irvine, Calif. tops the list with having the nation’s highest veteran income growth and lowest veteran...

Austin-Round Rock makes Top 5 in List of Best Places for Millennials

Austin-Round Rock is one of the best places for Millennials. A recent study by Payscale, an online compensation analysis service, assessed which cities were the best for millennials just starting out in the workforce. The Austin-Round Rock metro made number four on the list, beating out other high-profile real estate areas like the San Diego-Carlsbad-San Marcos, CA area and Boston-Quincy, Mass. metro.

A report by the National Association of Realtors, or NAR, explained that PayScale analyzed data from 650,000 surveys filled out over the last two years by millennials, and weighed factors like compensation, benefits, length of commute, overall job satisfaction, job stress, and opportunities to grow with...

Austin Real Estate Makes Realtor.com’s List of Top 20 Markets in August

Austin made the Top 20 Hottest US Markets for August.Austin housing statistics continued its rising trend this Summer, with homes sales increasing twelve percent year-over-year to 3,149 sales in July. To see which markets were the hottest in the country in August, Realtor.com ranked the nation’s real estate markets. Austin’s robust housing market put it in the top 20 list created by the National Association of Realtors’ research team.

Barb Cooper, 2015 President of the Austin Board of REALTORS®, explained, “We’re in the midst of one of the most active summer selling seasons to-date, with more single-family home sales than ever before. Home prices remain high, but inventory levels have increased...

Austin Zip makes List of Top 10 Zip Codes in the U.S.

Austin real estate on the list of Top 10 ZIPs in U.S.Realtor.com ranked the hottest U.S. ZIP codes where homes are selling the quickest and how frequently homes are viewed. Austin’s 78729 ZIP made number eight on the Top 10 list, beating out the coastal community of Carlsbad, CA. According to realtor.com’s chief economist, Jonathan Smoke, "Each locale on this list is emblematic of the key trends driving housing this year – healthy local economics, job opportunities, and affordability."

Compared to the real estate markets in the rest of the U.S. ZIP codes, the ones in realtor.com’s Top 10 list are seeing a housing supply and demand that's about five times stronger than the rest of the...

Austin is No.1 for Development; No. 2 for Real Estate Prospects—ULI and PwCLLP

The annual report “Emerging Trends in Real Estate 2016” published by the Urban Land Institute and PwCLLP ranks Austin as the first in the nation for development and second for overall real estate prospects. Announced in the national fall meetings of ULI, Austin has, once again, proven itself a powerhouse in real estate development and investment. Here’s a list of the top 10 markets for real estate prospects lifted from the annual report:

1. Dallas

2. Austin

3. Charlotte, North Carolina

4. Seattle

5. Atlanta

6. Denver

7. Nashville, Tennessee

8. San Francisco

9. Portland, Oregon

10. Los Angeles

The report indicates that Austin has become a “perennial favourite among survey...

Study Shows Austin Real Estate is the ‘Healthiest’ Market in U.S.

 FreeImages.com/Alaa SafeiFinancial website, WalletHub, conducted a study of 300 U.S. cities with more than 300,000 residents to find which real estate market was the “healthiest.” Austin ranked as the healthiest overall real estate market in the nation based on 14 metrics including foreclosure rate, median home price, vacancy rates, population growth and unemployment rates.

Austin’s home market is stronger than ever, with home sales reaching an historic high this July. In fact, the Austin housing market is doing so well for home sellers, that 2015 has been considered the best year yet for homeowners to sell a home in Austin.

Several...

Austin Real Estate One of 10 Healthiest Housing Markets in the U.S.

Evidence of a nationwide recovery from the Great Recession is evident in the continued improvement of housing markets across the country, according to a recent analysis by financial website Wallethub. In fact, the site goes further to credit the real estate industry for “nursing local economies back to good health.” Because a healthy real estate market appears to be the foundation of local economic well-being, WalletHub compared the real-estate markets in 25 of the largest metropolitan areas to determine the healthiest markets. Not surprisingly, Austin made the top 10 on the list.

WalletHub created the list by assessing each real estate market by 10 key metrics, including data set ranges from the interest rate on a first mortgage to the percentage of households that have received state or local assistance on their first housing loan. Based on their assessment, Austin made the number 6 spot overall on the list of Healthiest Housing Markets....

Austin Ranks in Top 3 Cities for First-Time Home Buyers

Austin real estate offers great value to buyers. Recent data from the National Association of Realtors (NAR) shows that thirty-two percent of existing home sales were purchased by first-time home buyers in May. It’s the highest percentage that demographic has reached since September 2012. The statistics spurred an interest in which cities offered the best values for first-time buyers, which WalletHub went to work on. Austin made the third-best city with the most value for first-time home buyers.

In the study, WalletHub compared 300 U.S. cities to find the most favorable housing markets for first-time home buyers. Researchers analyzed markets for 18 key metrics, including housing costs, property taxes and crime rates. Large cities were...

Austin Real Estate Sales Volume Reaches Over $1 Billion in June

June 2015 Austin Home SalesAustin real estate overall sales reached historic levels in June, topping $1 billion for the first time in its recorded history. A report on BizJournals.com also revealed that for the first time in two years, the number of sales topped 3,000. Barb Cooper, the 2015 president of the Austin Board of Realtors which compiles monthly sales data, said that it "...shows the amazing equity Austin homeowners have in the market and the powerful impact of real estate in Central Texas." Other statistics from ABOR show that this year could be considered the year of the Austin home seller.

The 3,051 recorded transactions is more...

Title of “Best City to live in U.S.” Goes to Austin

Wallethub, a financial site dedicated to helping consumers make better financial decisions, recently compiled a list of the “Best & Worst Large Cities to Live In.” Based on 31 key metrics including job market, recreation, percentage of adults in excellent or very good health , Austin beat out every other U.S. city, overall. In other specific areas, Austin ranked very highly in terms of quality of education, household income adjusted by cost of living and local economy and taxes. The new findings make Austin real estate the best investment for those who want to own a home in the best place in the United States.

According to Wallethub, what makes the cities on the “best” list so attractive to some include such aspects as the possibilities for activities, food options and places to go. Other factors are the...

Entrepreneurs are Getting Started in Austin, Recent Kauffman Index Reveals

Austin real estate is ideal for entrepreneursAcross the U.S., there’s been an increase in business startup activity since last year. Many of the nation’s top 40 metro areas also saw increased new venture activity. The news is according to the Kauffman index: Startup Activity, which was released on Saturday. Per the index, Austin not only topped the index of startup activity, but also ruled the list of metro areas with most new entrepreneurs.

All cities that made the top 10 with the most startup activity in the 2014 index stayed in the...

Texas Real Estate breaking Speed Records

From the NAR RealtorMag.realtor.orgNational Association of Realtors compiled data on how long it’s taking homes to sell in the U.S. A report on the data was posted to their site and showed that Texas real estate, along with some other states, has had the least amount of days on the market with homes sold in less than 30 days. Overall, homes sold in an average of 40 days across the country in May, which is the third-shortest time on market since NAR started recording the data in 2011.

“Properties were on the market for some of the longest times -- more than 90 days -- in Maine, New Hampshire,...

Austin Real Estate is one of the 20 Hottest U.S. Markets in June

Austin real estate is one of the hottest markets in JuneRealtorMag.com, an online news site provided by the National Association of Realtors, has published a list of the 20 hottest U.S. markets for the month of June. Austin made the list out of 300 medium and large sized markets where homes are selling the fastest and homes are closing quickly. Three other Texas markets made the list, including Midland, San Antonio and Dallas. Here’s a look at the list from NAR:

  1. San Francisco

  2. Vallejo, Calif.

  3. Denver, Colo.

  4. Santa Rosa, Calif.

  5. ...

14 Reasons Why Austin is the Weirdest City in the World

Huffpost Travel recently posted an article by Suzy Strutner that includes her list of 14 reasons why Austin is the weirdest city in the world. From chicken poop bingo to a live flying bat show, Austin has an array of abnormal activities for the public. According to Strutner, “Austin doesn't take itself too seriously, and that's precisely why it's so awesome.” We agree!

Below is some of Austin’s weirdness, itemized. Read over the 14 item list and let us know what you would like to see added to Austin’s list of unusually appealing features! At Cain Realty Group, we think Austin’s abnormally amazing real estate market should top the list.

1. Chicken Poo Bingo:...

Mortgage Rates Drop After Fed Announcement

Austin real estate is stronger than ever. Mortgage rates dipped last week after Janet Yellen, Federal Reserve Chairwoman, announced that short-term federal funds rates would be reduced to reflect a conservative economic outlook for 2015. Yellen went on to state that the rates may rise later in the year, which many analysts expect to happen. Considering the recent news and strong forecasts for Austin real estate, it seems right now is the best time to save money on a new home purchase in the area.

Austin’s Board of Realtors released its May 2015 housing statistics on Friday, showing that the...

Studies show Zestimates are Grossly Inaccurate

Zestimates are the bane of Realtors' ExistenceIn this age of limitless information available at the click of a mouse, people increasingly attempt to act as their own realtor with market data they obtained from real estate sites. In fact, in December alone the online real estate behemoth Zillow, which recently acquired competing site Trulia, had about 73 million unique visitors. According to a survey by Discover Home Loans, a majority of participants who used online realty sites said it made them feel “smarter” and “more confident.” However, a Time.com report on the survey reported that only 22% of users said the listings were always accurate, which underscores...

Texas Homeowners Gaining Wealth in State with Most Home Equity

Austin homeowners gaining wealth. Austin Homeowners will be happy to hear the news from Corelogic’s equity report. Data published in RealtorMag shows that Texas has the highest number of homes in the U.S. with equity in the first quarter of 2014. In fact, the state boasts 97.7% of homes with positive equity, compared to the national average of 90%. Subsequently, homeowners in Austin have increased wealth from their homeownership, which will continue to grow as home prices increase.

Building wealth

In the RealtorMag report, Frank Nothaft, chief economist for CoreLogic, was quoted “About...