Real estate is hitting its strongest pace this year, with homes sales up 3.2 percent in June to a seasonally adjusted annual rate of 5.49 million. According to a recent blog post by the real estate titan Keller Williams Realty, the market performance in the second quarter of 2015 shows the promise of a healthy market that is recovering at a comfortable steady pace. One major contributor to the strong real estate numbers is the rise of first-time home buyers, who were relatively inactive in the years following the Great Recession.
Remember those Hollywood-inspired homes that we used to dream of living in when we were kids? Realtor.com’s “Get This Look” Promotion aimed to find out if home buyers this 2016 still aimed for that glitz and glam a la Hollywood when buying houses. After 10,000 votes were cast, the survey concluded that the “Hollywood-inspired homes that have the look, but don’t touch elegance are a fading trend and home owners now prefer natural, comfortable spaces.”
The three favorite home designs are: Inviting (23%), Rustic (22%), and Beachside Charm (21%). The least favored designs are: Regal (antiques and fine fabrics), eclectic Mid-Century Modern, and Earthy.
"We are seeing a shift in home design trends – leaving behind the glitz and glam for a more natural look – whether that may be a rugged barn with many textures or a serene beach-like feel," says Farrell. "Today's style reflects today's lifestyle and we've...
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...
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 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:
3. Charlotte, North Carolina
7. Nashville, Tennessee
8. San Francisco
9. Portland, Oregon
10. Los Angeles
The report indicates that Austin has become a “perennial favourite...
Financial 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.