The trend in recent years shows that home prices in the U.S. have seen a constant increase, in spite of wages staying pretty much the same. Add the fact that credit conditions are loosening, and you've got all the ingredients you need for the next housing bubble. Are we really headed for another one?
In a column written by National Asociation of REALTORS® chief economist Lawrence Yun for Forbes.com, he discounts those warnings.
Yun acknowledges that home prices are rising at 3 to 4 times the rate of wage increases. He also notes that credit conditions are loosening and making it easier for more people to buy homes. BUT, "Even though the credit conditions appear to be easing somewhat, the move is from overly stringent conditions to not-so-overly-stringent conditions," Yun writes. "It is a far-fetched view to imply the current mortgage approval process in any way resembles the loosey-goosey, easy subprime mortgage access conditions of a decade...
Yesterday, we shared a post about how Austin made it to the top of Forbes’ 2016 list of fastest-growing cities in the U.S. Today, we are going to deviate from the standard genre of info bits to give you a fresh take on why living in Austin is best for career people, families, and retirees alike.
In a report written by Caroline Howard and published at the official Forbes.com website, she explains that “Texas boasts a large number of Best Value Institutions.” Compiling a list of the top 25 colleges in the South, Texas managed to secure three posts:
#17. University of Texas, Austin
#18. Texas A&M, College Station
#20. Rice University...
A new analysis by Forbes.com lists Austin as the fastest growing U.S. city in 2016, regaining the spot it lost to Houston last year. Aside from the alluring beauty of the cityscape and its natural wonders, Austin is also known for its growing sectors in technology, particularly in the pharmaceutical and biotech industries.
The annual list of America’s Fastest-Growing Cities was released early this March, giving rank to the top 100 largest metro areas and their surrounding suburbs. The basis for the rankings is a combination of population growth (2015 and 2016), year-over-year-job growth (2015), economic growth rate, unemployment rate, and median annual pay for college-educated workers based in each area.
Here are the cities that made it to Forbes’ top 10 list:
10. Cape Coral, FL
9. Raleigh, NC
8. San Jose, CA
Many home sellers are terrified of the home inspection phase, mainly because they know that a prospective buyer may back out when they learn about the issues the home has. But do you really have to wait ‘til it’s too late? Realtor.com® recommends fixing up the house and be a proactive seller in order to save the deal. Here are the five most common problems that sellers have to fix even before deciding to list their home:
1. Dank basement. Seepage into the basement can cause flooding. Even the tiniest cracks or a weak foundation wall can let groundwater in. Don’t be fooled just because there’s no puddle of water on the floor; if your basement smells of mold, then water IS COMING IN. Hire a basement waterproofing contractor to detect and fix leakage/moisture problems.
2. Faulty writing. The most common electrical problems are ungrounded fixtures, spliced wires not terminated in a proper electric box, receptacles wired backward, and improper...
The National Association of REALTORS predicts that the home buyers will outnumber home sellers this spring. Due to the rising trend of home prices on the market, NAR chief economist Lawrence Yun predicts that “more people will be pushed on the borderline of conventional mortgage limits and may need a large down payment or a jumbo mortgage.”
The median price for an existing single-family home in January 2016 was $213,800- higher by 8.2% from last year’s data. Home prices are moving at the highest rate since April 2015. Bob Walters, chief economist of Quicken Loans, attributes this to a decade’s worth of pent-up demand.
But in spite of the pricier tags, home buyers are still encouraged to take advantage of the market and invest in a property this spring. Keith Gumbinger, vice president of HSH.com, reveals that mortgage rates are forecasted to stay low, and you can expect your 30-year fixed-rate mortgage...
The U.S. News & World Report ranks Austin TX as the second-best place to live in the U.S. Based on data collected by the U.S. Census Bureau and other federal agencies, the agency best known for its prestigious annual college ranking came up with the top places to live in the U.S. based on the job market, affordability, migration rates, educational system, and commute times.
The U.S. News & World Report launched its new city-ranking feature this 2016 to help people "make major life decisions, and where you choose to live is one of the biggest decisions of all." Out of 100 metropolitan areas considered for the ranking, Austin garnered the second spot after Denver, Colorado. Here are the top 5 places to live in the U.S.
5. Colorado Springs, CO
4. Raleigh-Durham, NC...
A survey conducted by the American Society of Landscape Architects among U.S. based architects and building professionals shows that a new coveted amenity by home shoppers is an outdoor fire pit or fireplace. As a result, fire pits and fireplaces have been hailed as the outdoor design element for 2016.
Belgard, an outdoor living product company, explained that the living room fireplace was once the favored gathering spot for family and guests. Roasting marshmallows over a campground fire, on the other hand, was only a part of an annual family vacation. Nowadays, modern outdoor living is the new “in”, allowing homeowners to “combine these traditions into one with outdoor fireplaces and fire pits.”
The Hearth, Patio & Barbecue Association says that they’ve seen an increase in popularity of fire pits and fireplaces outdoors, as homeowners now prefer to entertain family and guests right at the comfort of home.
Kate Campbell of HGTV’s...
The U.S. Census Bureau’s Survey of Construction for 2014 revealed that patios are a popular choice among homeowners all over the U.S. Fifty-six percent (56%) of new homes constructed included patios in their respective designs. Twenty-three percent (23%) of new homes, on the other hand, had decks.
Both patios and decks let homeowners enjoy the outdoors and increase the living space in a home. Patios are similar to courtyards since they can either be attached to or separate from the house. Any material may be used for patios and are often constructed at ground level, which eliminates the need for railings. Decks, on the other hand, are made of wood or composite wood material, requires railings, and are often elevated from the main home structure to let homeowners enjoy the view.
However, it is important to note that the popularity of patios also depends on geographic preferences of homeowners. Patios may be preferred...
Here’s proof that investing in single-family rentals is a wise financial investment that can help you achieve your goals; the projection of online real estate investment firm Home Union includes Austin, Texas in the top markets list where single-family rentals will see tremendous growth this 2016.
Out of 44 single-family rental markets, Austin gained the 8th spot for projected growth this year. The city is projected to see a 5% growth in rental rates this year, with rentals soaring to $1,787 monthly. Here are the top 10 cities where single-family rental markets are expected to grow:
10. Portland, OR
9. San Antonio, TX
8. Austin, TX
7. Charlotte, N.C.
6. Denver, CO
5. San Francisco, CA
4. San Diego, CA
3. Seattle, WA
2. Orlando, FL
1. San Jose, CA
To view the original article published by the National Real Estate Investor, please click ...
Austin's real estate is ever-moving forward-- pointing potential buyers to new homes and development projects. It's no wonder that Austin is always included in the list of real estate industry powerhouses. But where did it all begin?
For a fresh take on Austin real estate, we decided to feature Austin's wonderful architecture and history. We bring you RENTCafe's 165 years of home architecture in Austin. Here's a slideshow of notable landmarks and residences in Austin, like the 1854 John Hancock House. Browse the slideshow to get a glimpse of Austin's amazing history, as well as the 21st century luxury mansions that define Austin's modern-day landscape. Take a walk on the residential streets of Austin and be amazed with Austin's rich architecture through...
Home renovations are pretty expensive. But kitchen redo’s are simply just a whole different level. Not only does a homeowner have to worry about changing the décor and theme, but also vamping up the features of the kitchen to suit the home’s occupants or the new homebuyer’s tastes. If you are planning a kitchen remodeling project to raise your home’s value for selling, take a look at these kitchen remodeling projects featured by Realtor.com’s new series, “Renovations that Really Pay Off”.
The trick to kitchen renovations, Realtor.com advises, is to be choosy with what kitchen project to spend money on, list down improvements that can wait, and generally operate based on a strict renovation budget. Here are some kitchen projects that may not be as expensive as tearing out the whole thing to replace it with an ultra-high-tech kitchen, but may just be as effective in...
This is the season when most homeowners are working on their taxes. Don’t we just love it when we get to use tax credits to lighten the load? Homeselfe, a home energy assessment app and web service for homeowners, brings us good news about tax credits we, as homeowners, may make use of. The catch? All you have to do is to list all the energy efficiency upgrades you did to your home in the past tax year.
“Not taking advantage of that [energy-related tax credits] is throwing away your hard-earned cash. We want to empower families to receive the maximum refund allowed on their tax returns by providing them insight into the energy credits that are available.”
- Ameeta Jain, co-founder of Homeselfe
Ameeta Jain, co-founder and spokesperson of Homeselfe, explains that upgrading your home to become more energy efficient not only lets you save on your monthly utility bills; doing...
Potential buyers now have different opinions on what makes home more desirable. In a survey conducted by the National Association of Home Builders among 4,300 house hunters, these 12 features were determined to be the least desired by new-age home buyers in their new home:
- Elevator (63%)
- Pet washing station (54%)
- Wine cellar (53%)
- Golf course (53%)
- Daycare center in the community (52%)
- High density — smaller lots and attached or multifamily buildings (46%)
- Cork flooring on the main level (45%)
- Dual toilets in master bathroom (44%)
- Two-story family room (43%)
- Wet bar (42%)
- Two-story entry foyer (40%)
- Laminate countertop (40 percent)
To access the source of this post, you may read the complete National Association of Home Builders article at the Eye on Housing Blog ...
Moving companies are a thriving business in the United States, where it is estimated that 16.5 million households (approximately 38.7 million Americans) move homes every year. So, it is not a surprise that many enterprising individuals are putting up moving companies to keep up with the ever-increasing demand. However, because of a lack of control on the standard of service moving companies provide, many horror stories about moving companies can be found online.
So, how will you know if you should NOT work with a moving company? Here are 3 tell-tale signs that you need to run the opposite direction FAST:
Significantly Low Price= Significantly Poor Service
It’s a bad idea to choose a provider just because they gave you the cheapest quote. Everyone wants a good deal, but a price lower by 20-30% compared to quotes given by other providers is a flashing sign that something is wrong. “While finding an affordable mover doesn’t...
Everyone loves a splash of color. Homeowners who are renovating their properties in the hopes of selling them should be aware of this fact. After all, what the eye perceives usually dictates on what a prospective buyer feels about the home. But not all colors are good for home decorating. This was proven by a recent survey conducted by Better Homes and Gardens.
Four-hundred (400) respondents were asked to take a quick survey to let the researcher know which colors homeowners are most and least likely to use in home decorating. The results of the survey are quite interesting; while there is a minor variation in the color choices for “least color to use in the home”, three colors stood out to be definite no-no’s:
Orange- "Too Loud"
Red- "Too Overpowering"
Green- "Too Institutional"
Here’s another accolade for Austinites to celebrate: a recent study by WalletHub concluded that Austin, Texas is the Best State Capital in the United States for 2016. The study, comparing 50 state capitals to identify which among them combines the best of everything an ideal city has to offer, is one of recently-concluded studies conducted by non-government organizations that confirm Austin’s status as a stellar choice for millennials, retirees, career people, and businesses alike.
WalletHub’s study considered affordability, strong economy, high education standards, and overall excellent quality of life to rank all 50 state capitals. With 35 key metrics (such as cost of living and K-12 school-system quality), this has been one of WalletHub’s most extensive studies to date.
Here are the 10 best state capitals to live in this 2016:
10. Columbus, OH
9. Helena, MT
8. Pierre, SD
In the last few decades, home decorators and interior designers have regarded the color “white” as the neutral standard. Home decor and design themes are considered elegant and top-class in white. But things are FINALLY shifting in the way of color and design trends for homes. No pun intended, but about (50) Shades of Grey are now the hottest thing for home decorating, with grays serving as a new neutral in all tones, “from soft silvers to dark charcoals”.
Dee Schlotter, color brand manager for Glidden Paints, explains to The Washington Post that the recent change in neutral preference may be due to the fact that “gray plays well with other colors.”
“Gray gives life to everything in a room. Gray makes everything look more modern and fresh. Gray makes all your possessions pop out. It gives them presence. A good picture on a gray wall — it’s amazing!”
Transaction Coordinator Job Description
Responsible for the processing of all contracts through closing for Cain Realty Group at Keller Williams Realty.
Location: Keller Williams Realty - SouthWest Market Center – 1801 S. Mopac
Hours: 9:00am to 6:00pm Monday – Friday, weekends and evenings periodically
Leadership Supervisor: Director of Operations
- Responsible for the processing of all contracts through closing.
- Assures that all post-closing disbursements, filing, and procedures take place.
- Communicates with customers, clients, other agents, and service providers throughout the closing process.
- Responsible for keeping the entire team updated on the progress of all contracts and advises team members when they need to become involved in negotiations or problem resolution.
- Responsible for...
Cain Realty Group with Austin Keller Williams Realty is seeking energetic and passionate inside sales associates to join our inside sales team within our company.
Responsible for: Developing business opportunities within specific geographies served by The Cain Team’s real estate team. Achieving productivity, appointment setting and revenue targets while responding efficiently to future client inquiries (usually in form of sales leads) and cold calling. Primary duties include outbound calling, e-mail communication, coordination and scheduling of real estate buying and selling opportunities and overall management of sales pipeline through the sales cycle.
Responsible for: cultivating relationships with inbound leads for the Cain Realty Group at Keller Williams Realty. Primary duties include coordination and scheduling of real estate buying and selling opportunities, outbound calling, e-mail communication and overall management of sales pipeline through the sales cycle.
Keller Williams Realty - SouthWest Market Center – 1801 S. Mopac
8:30am to 5:30pm Monday – Friday and on call on the weekends/evenings.
- Client Care Specialists will be responsible for responding to inbound sales inquiries expeditiously 7 days a week to set appointments for our team...