There’s news of a slowdown and talk of a recession, but the real data shows something completely different. 

In the month of April, the Austin median home value was $550,000 up by 19% from $460,000 in April of 2021. Active listings went up by 52%, the biggest gain in inventory since 2017, and days on market increased to 18 days.

While inventory is increasing, so are pending sales. Let’s talk about what’s driving the slow in demand, and the increase in inventory.

Number one, mortgage rates are higher. Rates are up 2 full percentage points since December of 2021. This is a substantial increase in mortgage rates and makes homes less affordable. The second reason is the values have gone up and consumers that were at the lower end of the market…

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Austin City Lofts One-Bedroom Condo Unit

Do you want to know what the downtown lifestyle is like living in Central Downtown? We're going to take a look at a one-bedroom unit at the Austin City Lofts right next to Whole Foods, the Google building, and the Seaholm Plant.

Residence

Who is this building for? It's probably not for families. If you're looking to move downtown and you don't have kids, if you're a couple, or you're not gonna have kids for a few years, this may be a great place to stay.

This unit has one bedroom, two full baths, and a murphy bed. There's no privacy here. This place is also unfurnished. I'm friends with the listing agent who gave me a look at it before, we may need to come back and look at it when it's furnished to…

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The Austonian Building | Spyglass RealtyKnown for its exciting lifestyle, culture, and business-friendly environment, Austin, Texas has something for everyone. Most of these can be found in Downtown Austin, the central business district, home to startups, expansions, and company headquarters that have relocated to Austin. Downtown is also home to residential skyscrapers including The Austonian. It is the second tallest building in Austin with 56 and stands 683 feet tall.

Moving to a condo can be a great move for many people. Whether you are considering living in the middle of the hustle and bustle of the city, being close to your workplace, downsizing from large homes, or simply enjoying living their lifestyle in Austin’s urban core, here are some things you should know about moving to the…

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Downtown Austin Condos: 70 Rainey 2 Bedroom Walkthrough

What's it like to live in a downtown condo in Austin, Texas at 70 Rainey? Join us for a tour of a 1,128 square foot two-bedroom, two-bath condo located on the 19th floor. 

70 Rainey is developed by Sackman Enterprises, a family-owned company with a portfolio that includes historic buildings in Manhattan's Upper West Side. Inspired by nature, the interiors of every condo unit in 70 Rainey have high ceilings and European white oak flooring and are characterized by their high-end designer finishes and open floor plans. Each unit includes a custom-designed kitchen with premium appliances, advanced technology, and security are also integrated into the unit.

The living space has…

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Historical Dripping Springs Swimming Hole | Spyglass RealtyDiscover some of the breathtaking places to hike, swim, relax, or simply beat the hot summer heat at Dripping Springs, TX. Known as the Gateway to the Hill Country and the Wedding Capital of Texas, Dripping Springs is home to one of the stunning natural preserves – the historical Dripping Springs Swimming Hole, Hamilton Pool Preserve.

About the Hamilton Pool Preserve

The Hamilton Pool Reserve is located at 24300 Hamilton Pool Rd, Dripping Springs, TX 78620, and was designated a preserve by the Travis County Commissioner’s Court in 1990. It is nestled ¾ mile upstream from its confluence with the Pedernales River. The Hamilton Pool Preserve is part of the Balcones Canyonlands Preserve (BCP). BCP encompasses more than 31,000 acres of endangered species…

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South Austin Home Interior | Spyglass RealtyIt’s no easy task to shop for a home in Austin’s real estate market. It can both be exciting and overwhelming at the same time whether you’re a first-time or seasoned home buyer. There are many important things to keep in mind when looking for your dream home and having a list of priorities that consist of what you’re looking for can help make the process smoother and less stressful. 

 

Living in South Austin

Austin stands out due to the fact that it’s a place for everyone. Everything you can ever imagine in a city, Austin has something to offer. There are different areas in Austin with each of them having its own unique characteristics. South Austin is one of these areas to look out for. The area has its charm and “weird” Austin atmosphere tied…

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Outdoor Lake View from indoorsIf you are looking for a luxury oasis perfect for the waterfront lifestyle you desire, Lake LBJ is one of the best places to live your dream. Admire the panoramic views and stunning backdrop of the Texas Hill Country from Lake LBJ.

Named after Lyndon Baines Johnson, Lake LBJ is a reservoir located 45 miles northwest of Austin within the counties of Burnet and Llano. It is part of the Texas Highland Lakes and is one of the largest lakes in the state that stretches 21 miles long and covers over 6,500 acres of the Hill Country.

Living the lake lifestyle is a dream of many, but finding the best area to settle in could be challenging with most being tucked away from the buzz of the big city. Lake LBJ is an exemption. Get a closer view of some of the…

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Group of people dining togetherAustin is one of the most vibrant and eclectic cities in the world with a lot to offer in terms of food and culture. There is something for everyone to enjoy. To the northwest of Austin, you can find Lake Travis, the most visited freshwater recreational vacation destination in the state.

Within the area, you'll find several activities to enjoy with your friends and family. Water enthusiasts will love spending time on the water while foodies will enjoy a variety of cuisines available in different restaurants. There are some restaurants that you simply must try. If you are thinking about where to dine, here are some must-try restaurants in Lake Travis.

 

Burger Restaurants in Lake Travis

Sandeez Hamburger Hut

113 Ranch Road 620 North

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How to Calculate Your Mortgage in Austin | Spyglass RealtyPurchasing a home is one of the biggest financial transactions most people would make in their lifetime. It’s important to consider your budget when it comes to large transactions such as buying a home in Austin. In order to help determine the cost, a mortgage calculator will help provide an estimate of your loan so you can get a clear breakdown of the numbers that will work best for you.

There are a lot of numbers to juggle when it comes to mortgages such as the principal, interest rate, term, amortization, and more. It can get confusing but don’t worry. We’ll walk you through how to calculate your mortgage in Austin.

 

What is a Mortgage Payment?

A mortgage is a loan provided by a mortgage lender or a bank that enables an individual to…

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Last week I attended the HBA (Home Builders Association) of greater Austin’s economic forecast. I highly recommend this event. Below are the notes that I took at this event. 

 

Builders and New Construction

Not only are supply chains disrupted but the workforce is disrupted. Builders and subcontractors are competing for workers, says Scott Turner, Riverside Home, HBA President.

It’s taking about twice as long to build a home now than before COVID. Why don’t we get more trades moving to Austin? Housing is in demand across the country and for construction workers, the cost of living here in Austin than most other markets around the country.

The median income in Austin buys you a $340K home. The median home in Austin is $536K. The only…

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