Damn good real estate advice.

We're past the half-year mark and the Austin real estate numbers are in. I sat down with Chris Jacob of Housing Report and Christina Beitler with Loan People and went through the numbers to see where we currently stand with inventory, pendings, active listings, and what we think the market will do in the next 12 months. 

 

TABLE OF CONTENTS

  • The Mid-Year Austin Real Estate Market Report
  • Current Mortgage Environment
  • Jumbo Loan Rates
  • Realtime Statistics
  • What Agents Need to Know About the Mid-Year Real Estate Market Report
  • Why Agent Representation Matters
  • Timing the Austin Real Estate Market
  • Tax Rate Predictions

The Mid-Year Austin Real Estate Market Report

The Austin real estate market is in an interesting…

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Homeowner’s insurance is one of the most commonly held types of insurance, yet remains one of the least understood. Many homeowners incorrectly believe that their insurance policies will cover them for every conceivable eventuality. The reality, however, is that homeowner’s insurance can contain many restrictions and exclusions that can leave policy holders with a costly coverage gap. 

Here are 6 common misconceptions regarding homeowner’s insurance.


common home insurance misconceptions

Photo by Tierra Mallorca on Unsplash


1. Third-Party liability coverage

Many people think of home insurance as only protecting their property and belongings, but it in fact covers far more than that. One of the most valuable aspects of your home insurance policy is third-party liability…

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How to Fund a Down Payment for Your First HomeBeing a homeowner has many benefits. Homeowners can decorate as they wish, own pets without a hassle, gain a tax deduction, and begin to build wealth as they pay off their mortgage and the home increases in value. For many people, however, coming up with a down payment is a significant hurdle. The hurdle, however, can be overcome. Here are some down payment options that can help homebuyers get the keys to their new purchase.

For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.

Zero and Low-Down-Payment Loans

Some loans require no down payment or minimal down payments. Examples include:

  • VA loans, backed by the U.S. Department of Veteran's…

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What Kind of Mortgages are Available?Buying a home is an exciting time, but it can be overwhelming, especially for first-time buyers who have decided to stop renting. The mortgage process involves many steps, including pre-qualification and preapproval. Not to mention, there are several different mortgage options offered by lenders. Before starting the house-hunting process, it's important to understand how mortgage options work and what types of loans are available. Here's a broad overview of mortgage options to get you started.

For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.

Conventional Loans

Conventional mortgages are a type of loan that isn't insured or guaranteed by the…

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Understanding How Capital Gains Taxes WorkOnce an individual buys a home, their tax circumstances can dramatically change. With homeownership comes property taxes, school taxes (if applicable), and capital gains taxes when the property is sold. The latter tax should be planned for long before a property goes on the real estate market. Not familiar with capital gains tax? Here's a rundown of what all homeowners should know.

For informational purposes only. Always consult with an attorney, tax, or financial advisor before proceeding with any real estate transaction.

What Is a Capital Gains Tax?

If a homeowner sells their home for more money than they paid for it, they might be required to pay capital gains taxes on the difference. Whether this tax is applicable largely depends upon…

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Reasons to heavily consider commute times before buying a homeMany people move into their dream home but are then dismayed to learn they have a long or frustrating daily commute. Suddenly, due to stressful commutes, they find they're no longer living the dream. Before bidding on a home and signing on the dotted line, it's important to consider what a daily commute would look like. Important transit factors to think about when buying a home should include the following.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Access to Roadways

Living near a major roadway has its perks and downsides. Convenience is a huge factor, but tradeoffs usually include noise and extra traffic. For commuters, however, convenience…

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Trends, Materials and Practices in Sustainable BuildingEco-friendly home construction has risen to the forefront of the minds of buyers and builders looking to be more green in practices and sustainability. Fortunately, modern options are becoming more affordable and obtainable. Learn more about sustainable building practices that save on utilities and offer a solid return on investment (ROI) below.

What Is Sustainable Home Building?

Technology for green home building aims to minimize energy usage and waste during the construction process. Statistics claim that up to 40 percent of CO2 emissions today can be attributed to construction projects.

For this reason, it's become increasingly essential for both buyers and builders to make every effort to use renewable and biodegradable products and…

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Investing in Austin Real EstateAustin's real estate investment scene is red hot right now, and with the recent announcement of Oracle's corporate headquarters moving here, it's likely to stay that way for a while. Our site caters to investors, so we get a decent amount of people registering that are interesting in investing in Austin. Below are the different investment properties that investors in Austin can choose from that we also recommend and help facilitate. It's important to note that an investment play in Austin will be mostly an appreciation play in this current market. We recommend that an investor have at least 30% to put down on a property and $30,000 in reserves.

For informational purposes only. Always consult with a licensed real estate professional before proceeding…

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We had Chris Jacobs of Housing Report to talk about where we’re at in this market. We spoke about what’s going on in the market in the past 12 months, graphs on Austin MSA average values, 5-20 years supply vs. demand, new vs. pending units, inventory, appreciation. We as well talked about the comparison of these graphs for the last 20 years, active prices per area, and predictions to look forward.

With the crazy inventory Austin has from the past couple of months, in June 2020, we started to consume available inventory faster than it was coming to the marketplace that was sustained for a solid six months. What it had done on the annual charts was used to see that for the last 20 years, we consumed 80% of what was available. Chris said…

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Sunny: Okay, so this presentation actually did, I think, last summer or maybe the summer, I think last summer about the appraisal addendum but it's, one of the four written addendums that we have, I feel like it's kind of written backward. For you to understand it is important to us, but you'll find that it's even, it's equally as important to understand how to explain it to listing agents, because a lot of times they don't understand it. But what you're dealing with is the part of the third party financing addendum that reads if the buyer's lender that makes the property contingent upon appraisal, basically. This slideshow is available on Workplace so it's always out there and it's a quick reference whenever you're writing one of these up if you need…

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