georgedearing
george dearing dot com
Father | Husband | #Austin Realtor® | Investor 🏠 | sustainability advocate ♻️ | @UHouston alum
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“The forecast published this month by Zillow predicts that U.S. home prices will rise 1.4% between March 2024 and March 2025. (Last month, Zillow’s model predicted U.S. home prices, as tracked by the Zillow Home Value Index, to rise 0.8% between February 2024 and February 2025).”
#realestate#austinrealestate#housing#movingtoaustin#austinrealestateagent#austinrealtor#austinhomes#real estate#zillowresearch#zillow
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@restrictive zoning is the primary culprit. It's made it hard to build homes in the areas where there are jobs. And so that has created an immense housing shortage. And each home is getting bid up, whether it's a rental or whether it's a home to buy.”
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“Four Texas metros — Austin ($18,640 loss), Dallas ($14,817 profit), San Antonio ($12,289 profit) and Houston ($16,932 profit) — saw the weakest home-flip returns in the country among metros with a population of 1 million or more, according to ATTOM.”
#realestate#austinrealestate#housing#austin#austintexas#movingtoaustin#austinrealestateagent#austinrealtor#austinhomes#real estate#flipping houses
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#realestate#luxuryaustin#midcenturymodern#austin#housing#austinrealestate#movingtoaustin#austinrealestateagent#austintexas#austinrealtor#real estate#austinhomes
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#austinrealestate#realestate#housing#austin#austintexas#movingtoaustin#austinrealestateagent#austinrealtor#austinhomes#real estate
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(via Why Austin homeowners are seeing higher property tax bills - Axios Austin)
“Median property taxes in Texas rose 26% between 2019 and 2023, data shows, even as local and state governments took steps to reduce the impact.”
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(via Market forces knock ominously on US realtors’ door | Reuters)
“if disentangling payments chips away at the overall fee pool, there will be other losers. One such is likely to be Zillow (ZG.O), opens new tab, the digital platform that shows listed homes and connects interested parties to brokers. Bernstein Research estimates the total fee pool could decline 20% in a worst-case scenario, and reckons that if Zillow’s revenue falls by just half that, it would wipe 30% off its adjusted EBITDA.”
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“Among the builders surveyed, the average sales price of their single-family homes in 2022 was $644,750 and includes costs for construction, the finished lot, financing, overhead and general expenses, marketing, sales commission, and profit. Total construction costs for the ‘average’ single-family home included in the survey was $392,241.”
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(via Overvalued or undervalued? Moody's assessment of 403 housing markets)
“Some markets like Austin (which was 61% “overvalued” in Q2 2022) and Boise (which was 70.2% “overvalued” in Q2 2022) have seen bigger adjustments given that home prices in those markets have fallen double-digits since the spring 2022 peak. According to Moody’s Analytics latest reading, Austin and Boise homes were "overvalued" by 36.9% and 47.8%, respectively, in Q4 2023. “
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(via RV gear-maker glampifies box trailer into stealthy Swiss Army camper)
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(via EV Home Charging: I Did the Math—and Saved Hundreds of Dollars - WSJ)
A “full tank” costs $16. For most gas-powered cars, that wouldn’t cover half a tank.
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(via A Tree Grows in Bouldin: Harmony Grogan Revives a Bungalow - Austin Home)
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#realestate#austinrealestate#housing#austintexas#austin#austinrealestateagent#movingtoaustin#real estate#austinhomes#austinrealtor#suburbs
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