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Austin Transit Partnership Reveals Revised Light Rail Plans

The Austin Transit Partnership (ATP) has revealed revised — and smaller — plans for a light rail network that will run through the center of the Live Music Capital of the World. The new plan calls for a 15-mile system with 18 stations, down from the original plan of a 28-mile system with 29 stations. The new plan also includes a number of changes to the route, including a new stop at the University of Texas at Austin and a new connection to the MetroRail Red Line.

The ATP says that the revised plan is more affordable and more realistic than the original plan. The cost of the new plan is estimated at $1.8 billion, down from the original cost of $3.5 billion. The ATP also says that the new plan will be completed sooner, with an opening date of 2027, compared to the original opening date of 2030.

The new light rail plan has been met with mixed reactions. Some people are excited about the new transit option, while others are concerned about the cost and the impact on traffic. The ATP says that the new light rail system will help to reduce traffic congestion and improve air quality. The ATP also says that the new light rail system will create jobs and boost the local economy.

If you are looking for a real estate agent in Austin, Texas, you should contact Austin Homes, Realtors today. They will be happy to answer any questions you have and help you find the perfect home for your needs.

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Is the Austin real estate market slowing down? Here are the May 2023 Statistics.

Austin Texas March 2023 Market Stats
Austin Texas March 2023 Market Stats

The Austin Texas real estate market is showing signs of slowing down in May 2023. The median home price is still rising, but at a slower pace than in previous months. Inventory is also increasing, which is giving buyers more options.

Median Home Price:

The median home price in Austin Texas in May 2023 was $585,200. This is an increase of 2.0% from the same month in 2022.

Inventory:

The inventory of homes for sale in Austin Texas in May 2023 was 2,903. This is an increase of 10.0% from the same month in 2022.

Days on Market:

The average days on market for homes in Austin Texas in May 2023 was 25. This is an increase of 5.0% from the same month in 2022.

Where the Market is Headed:

The Austin Texas real estate market is expected to continue to slow down in the coming months. The median home price is expected to increase by 1.0% in 2023, and inventory is expected to continue to increase.

Conclusion:

The Austin Texas real estate market is still a seller’s market, but it is starting to show signs of slowing down. Buyers are now getting more options, and they are starting to have more negotiating power. If you are thinking about buying a home in Austin, now is a good time to start your search.

Additional Information:

  • The Austin Board of Realtors (ABoR) provides monthly housing market reports for the Austin-Round Rock Metropolitan Statistical Area (MSA). These reports include data on median home prices, inventory, and days on market.
  • The Texas Real Estate Research Center (TxREC) provides quarterly housing market reports for the state of Texas. These reports include data on median home prices, inventory, and affordability.
  • The National Association of Realtors (NAR) provides monthly housing market reports for the United States. These reports include data on median home prices, inventory, and affordability.
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Buying a home in Austin Texas with Own Austin as your real estate broker

If you’re planning on buying a home in Austin, Texas, then you’re making an exciting life decision.
Austin is known for its vibrant music and arts scene, excellent universities, and ample job opportunities.
Moreover, the city has an excellent quality of life, which is why many buyers are flocking here to make Austin their home.

However, buying a home in Austin can be daunting, especially if you’re not familiar with the area.
That’s where Own Austin comes in.  As a real estate broker with extensive experience in the Austin market, Own Austin can help you navigate the complex process of buying a home in this competitive market.

Own Austin is a certified real estate broker with a reputation for excellence in the field of real estate.
He has been helping buyers, sellers, and renters navigate the local Austin market for over a decade.

Working with Own Austin as your real estate broker will give you an edge in the market.
Own Austin has a deep understanding of the neighborhoods that make up Austin, and they can offer insights into the local real estate market that few other brokers can match. This knowledge will be invaluable as you navigate the process of house hunting and making an offer on the perfect Austin home.

When you work with Own Austin, you gain access to his extensive network of contacts within the industry.
Own Austin can bring in all of the relevant players to make your home buying experience effortless.
For example, he can help you secure a reputable mortgage broker to finance your purchase, or they can put you in touch with a trusted home inspector to ensure that the property you’re considering is in sound condition.

Own Austin’s approach to real estate is guided by a commitment to providing their clients with quality service.
This means going above and beyond to ensure that his clients find the homes of their dreams.
Own Austin’s personalized approach to real estate is what sets them apart from other brokers in Austin.

Buying a home in Austin can be a big financial commitment, and as such, it’s crucial that you work with a reputable and trustworthy real estate broker. Own Austin is known for his integrity, honesty, and transparency when it comes to real estate transactions.  Their commitment to ethical business practices has earned him the respect and trust of their clients.

Own Austin’s services extend beyond the home buying process.
They can assist his clients in all aspects of real estate, including selling and renting homes.
Their extensive knowledge of the Austin real estate market means that they can provide you with reliable advice on the best course of action for your real estate needs.

In conclusion, buying a home in Austin can be an exciting experience, especially when you have the right real estate broker by your side.  Own Austin’s expertise, knowledge, network, and commitment to quality service make them the ideal choice for anyone looking to buy a home in Austin.

So, if you’re in the market for a new home, make sure to enlist the services of Own Austin, and you won’t regret it!

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Good Credit, Bad Deal? How New Mortgage Rules Are Hurting Homebuyers

If you have good credit, you’ve probably worked hard to build it up. You’ve paid your bills on time, kept your debt low, and avoided any major financial missteps. But did you know that your good credit could actually end up costing you more money when you buy a home?

That’s because of new federal mortgage rules that go into effect on May 1, 2023. These rules will increase the fees that homebuyers with good credit pay for mortgages. The goal of the changes is to make mortgages more affordable for low- and moderate-income borrowers. But it’s also likely to have the unintended consequence of making mortgages more expensive for people with good credit.

So how much more will you pay for a mortgage if you have good credit? It depends on a number of factors, including your credit score, the size of your down payment, and the type of mortgage you choose. But according to the Federal Housing Finance Agency, the average borrower with a credit score of 720 could pay an additional $1,200 in fees over the life of a 30-year mortgage.

If you’re thinking about buying a home in the next few months, you should be aware of these new mortgage rules and how they could affect you. Here are a few things you can do to minimize the impact of the changes:

  • Shop around for the best mortgage rate. Even a small difference in interest rate can save you thousands of dollars over the life of the loan.
  • Make a larger down payment. The more money you put down, the lower your monthly mortgage payment will be.
  • Consider a government-backed mortgage. These mortgages typically have lower fees than conventional mortgages.

If you have any questions about the new mortgage rules, you should talk to a mortgage lender. They can help you understand how the changes will affect you and how you can get the best possible mortgage deal.

Looking to buy real estate in the Austin Texas area please contact us today. OwnAustin.com

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Austin, Texas: A City of Culture, Fun, and Opportunity

Austin, Texas is a city that has it all. From its vibrant culture to its stunning natural beauty, there’s something for everyone in this amazing city. And if you’re looking to buy or sell a home, Austin is a great place to do it.

The City

Austin is the capital of Texas and is located in the heart of the state. It’s a major center for technology, government, and education. The city is also home to a number of Fortune 500 companies, including Dell, Whole Foods, and Indeed.

Austin is a very diverse city, with a population of over 900,000 people. The city is home to a large number of young professionals, as well as a growing number of families. Austin is also a very welcoming city, with a strong sense of community.

Things to Do

There are endless things to do in Austin, Texas. From outdoor activities to cultural attractions, there’s something for everyone. Here are a few of the things you can do in Austin:

  • Visit the Barton Springs Pool: This natural spring-fed pool is a popular spot for swimming, sunbathing, and relaxing.
  • Explore the Texas State Capitol: This iconic building is home to the Texas Legislature.
  • Take a walk through Zilker Park: This large park features a lake, a playground, and a botanical garden.
  • Catch a show at the Paramount Theatre: This historic theater hosts a variety of performances, including Broadway shows, concerts, and comedy acts.
  • Visit the Blanton Museum of Art: This museum has a collection of over 18,000 works of art, including paintings, sculptures, and photography.
  • Go hiking in the Hill Country: This region is home to a number of beautiful hiking trails, including the Barton Creek Greenbelt and the Pedernales Falls State Park.
  • Visit the Austin Zoo: This zoo is home to over 350 animals, including lions, tigers, and bears.
  • Take a day trip to Lake Travis: This large lake is a popular spot for swimming, boating, and fishing.
  • Visit the Natural Bridge Caverns: These caves are home to a number of stunning rock formations.
  • Go kayaking on the Guadalupe River: This river is a popular spot for kayaking, canoeing, and tubing.

Why Use Own Austin?

If you’re looking to buy or sell a home in Austin, Texas, Own Austin is the perfect real estate brokerage for you. We have a team of experienced agents who are dedicated to helping you find the perfect home or sell your home for the best possible price.

We understand that buying or selling a home is a big decision, and we want to make the process as easy and stress-free as possible for you. We’ll work with you every step of the way to ensure that you have a positive experience.

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HawkRidge: The Newest Exclusive Gated Community in Southwest Austin

Introducing HawkRidge: The Newest Exclusive Gated Community in Southwest Austin

Go see the newest community in Southwest Austin featuring estate-sized custom homesites, HawkRidge. This exclusive gated community is located on 88 acres of serene rolling hills, offering a private and tranquil living experience. With expansive acre-plus lots, mature live oaks, a stunning spring-fed pond, and breathtaking views, HawkRidge is the perfect place to call home.

HawkRidge: A Private and Tranquil Oasis

HawkRidge is the perfect place to escape the hustle and bustle of city life. With its secluded location and lush natural surroundings, you’ll feel like you’re worlds away from it all. But don’t worry, you’re still close to all the amenities you need. HawkRidge is just a short drive from downtown Austin and the award-winning Dripping Springs school district.

HawkRidge: The Perfect Blend of City Convenience and Country Living

HawkRidge offers the perfect blend of city convenience and country living. You’ll have access to all the amenities that Austin has to offer, while still being able to retreat to your tranquil oasis. Just minutes from downtown Austin, you’ll have easy access to world-class dining, shopping, and entertainment. And with its close proximity to Dripping Springs, you’ll be able to enjoy all the small-town charm that the Hill Country has to offer.

HawkRidge: The Perfect Place to Build Your Dream Home

HawkRidge is the perfect place to build your dream home. With its expansive acre-plus lots, you’ll have plenty of space to spread out and create the home of your desires. And with its stunning views and natural surroundings, you’ll be inspired to create a home that you’ll love to come home to.

Lots Available Starting in the $600’s

Lots are now available in HawkRidge, starting in the $600’s. Contact us today to learn more about this amazing new community.

Visit HawkRidge Today

Own Austin Homes is here to help you with your new home purchase, Call or email us today to get started.

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April 2018 Market Report

Inventory remains critically low for most price classes

AUSTIN, TX–The Austin-area housing market’s declining inventory and robust sales trends are creating an increasingly competitive housing market across all price classes, according to the latest Central Texas Housing Market Report from the Austin Board of REALTORS® (ABoR).

“In the Austin-Round Rock MSA, price classes across the board are seeing an increase in demand with a decrease in inventory,” Steve Crorey, 2018 president of the Austin Board of REALTORS®, said. “While new listings are up year-over-year, homes are selling faster than they can be listed on the market. This has led to a smaller number of active listings and an increasingly competitive market for homebuyers.”

Within the Austin-Round Rock MSA, new listings increased 5.6 percent to 4,139 listings; active listings decreased 2.8 percent to 6,154 listings; and pending sales rose 14.3 percent to 3,320 pending sales. The median price of single-family homes in the Austin-Round Rock MSA increased 3.8 percent year-over-year to $316,000 in April 2018. Housing inventory decreased 0.2 months year-over-year to 2.4 months of inventory during the same time frame.

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Central Texas housing market sees another record-breaking 2017 summer selling season

August 2017 Central Texas report provided by the Austin Board of Realtors®.  ABOR has some great articles if you want to visit their site at www.ABOR.com  for more information about all your real needs.

 

Austin Board of REALTORS® releases August 2017 Central Texas Housing Market Report

AUSTIN, Texas – Sept. 19, 2017 – The 2017 Central Texas summer selling season was the strongest on record in terms of single-family home sales and median price across the Austin-Round Rock Metropolitan Statistical Area (MSA). Single-family home sales volume jumped in the city of Austin in August, while median price held steady according to the August 2017 Central Texas Housing Market Report released today by the Austin Board of REALTORS®.

Brandy Guthrie, 2017 President of the Austin Board of REALTORS­®, commented: “The Central Texas housing market just experienced the strongest summer selling season on record. The Austin-Round Rock MSA saw record breaking growth, during which median price topped $300,000 and home sales volume topped $1 billion four consecutive months in a row.”

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MLS# 2206067 My new listing at 2450 Ashdale DR Unit#D-125

MLS# 2206067 Nice 1 bedroom 1 bath condo in Central Austin. Largest covered porch in the complex. Concrete and tile floors throughout. No carpet. Granite countertops. Dishwasher installed Sept 2017. Garbage disposal. Condo is located at the end of the complex, with lots of parking. Easy access to the pool and laundry area. Pet friendly community with pet stations throughout. First floor unit. Complex is a few blocks to the Alamo Drafthouse, restaurants, and plenty of places to shop. Easy access to Mopac and 183.

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MLS# 8614867 My New Listing at 8805 Ambrosia Austin, TX 78738 for $798,000

MLS# 8614867 Come home to this entertainers dream home.This spacious open air villa is located in highly desirable Rocky Creek! Loaded with extensive upgrades including wood floors,Silestone counters,an outdoor grill and TV, indoor and outdoor fireplaces, designer paint, Central Vacuum, Swarovski crystal chandlers, LED light show in custom pool/spa, and a gourmet kitchen. You have to see the media room with attached bar room! Your friends/family will love this HUGE entertainment area. All Furniture available for purchase.

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