Homestead Exemptions In Central Texas

Not many people get excited to pay property taxes, especially when you live in one of the fastest and hottest real estate growing cities in the U.S,- every year can look more expensive. That's why, we, at the Austin House Company, want to make sure you remember to file your homestead exemption in order to save your hard earned money.

If you want to take full advantage of the tax savings when you apply for a Homestead Exemption, you'll have to file between Jan. 1, 2021- April 30, 2021.  But remember, you currently have to own and occupy the home and state it as your primary residence (you then cannot claim a homestead on any other property).  We've listed some more important information you'll want to know

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Austin is blasting off! And this isn't just a pun related to SpaceX CEO Elon Musk moving into town and bringing Tesla with him. 

The latest market stats from the Austin Board of Realtors is highlighted below. Inventory levels have reached historical lows in December, and we should see those stats next month. If you're a buyer in the current Austin Real Estate market you have likely experienced how tight and difficul the inventory levels have become. Even new home builders have inventory issues and delays that are creating long wait lists for upcoming phases and new communities. This is all due to a "perfect storm" of factors that developed over the last fews years. Austin has been a popoluar place to live for a long time. The mortgage crisis caused

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At the beginning of 2020, it was thought that this would be a booming year for real estate and Austin, Texas real estate agents would be quite busy. However, thanks to COVID-19 bringing life as we know it to a screeching halt, things may not be as prosperous as previously predicted - or will they? 

In an article posted on CultureMap.com, Romeo Manzanilla, the president of the Austin Board of Realtors, said that home sales will continue to soar, thanks to the extremely low-interest rates. Also, the demand for housing will only increase as houses are sold, which means the housing market is unlikely to run into any lasting negative effects. 

However, according to Mark Sprague, Austin’s Independent Title state director of information capital, he

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Whoah! The last few months have seemed like years. It's usually about this time of year when Austinites start getting sick of the 100 degree temps, but this year we're all wishing we could be outside and mingling more than ever before. 

I've including three months worth of stats below. While April was a little sluggish, as can be understood considering the uncertainties of the pandemic, May and June showed how resilient the Austin market continues to be. You also have to keep in mind that these stats only show what the market is doing in terms of recorded MLS sales. More deals area being done outside of the MLS right now due to the lack of inventory, and quick decisions being made in the market place. Have any of you considered adding a pool or

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Ok, now that the elephant in the room is out in the open. We're all dealing with COVID-19 and its repercussions. If you're reading this, hopefully you've been unscathed as many people have lost the jobs and much worse. It's definitely a time to appreciate the small things in life that may have been taken for granted in the past. 

Let's get to business shall we? When it comes to Austin Real Estate in March of 2020, the market was solid. Numbers continued on an upward trend for the most part, although we saw some signs of the impact of the ongoing pandemic and how it can and will affect the market. If you've been doing the research and really taking in what those in the business realm have to say about real estate and the economy, most signs

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TCAD is Stalling, but Austin is On Fire!

       

Whoah! 2020 has really started with a bang. If you watch the headlines there are new developments at almost every turn. The "real" Domain is almost unrecognizable when you compare what it looked like two years ago to what it looks like today, and Austin FC is only going to promote more change in the area. Corporate business growth is also causing prices to spike and inventory to shrink all across the metro. All the big players are involved in the real estate game including companies like Apple, Amazon and maybe even Tesla? Apple is buying up real estate near it's soon-to-be expanded campus and new announcements from Google and Amazon will continue to push the market in the North Austin tech corridor.

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BACK TO SCHOOL MARKET IS CHUGGING ALONG

In July, we saw the highest median home prices rise once again! The number of new listings was up, and while the number of active listings was down. Pending sales are up a whopping 17% year over year, as predicted in our early Summer update, interest rates seem to have helped push the Austin market along. 12% more home sold this July vs last July. I guess the heat didn't keep everyone away. This July was recorded as the hottest July (temperature hot) EVER! We still have very low amounts of inventory, but what is left seems to be sitting on the market a little longer than usual. 

Refinancing and investment purchases are very strong. Investment loans are very affordable and interest rates dipped again, so if

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EarLY SUMMER BRINGS RECORD BREAKING VALUES AND SUPER LOW RATES! 

In May, we saw the highest median home price in the Austin area - EVER! The number of new listings is down, and so is the number of active listings as more and more buyers flood the market. Pending sales are up 8% year over year, and this number may see an increase this Summer as super low interest rates are boosting buyer confidence. The May 2019 stats report shows that unit sales increased by 6% to 3,452 when compared to May of last year. Sales volume totals for May were a strong $1.5 Billion up 15% year over year. Inventory stays low as pending sales continue to rise. 

For those investors out there, it might be worth a look at your interest rates. Even investment loans are very

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Are tiny homes really what everyone wants? Let's not be fooled, open spaces are still the key to comfortable living. Check out this garage with a lift and supercars - stacked!

View this post on Instagram

Gotta get one of these. #garagelift #huracan #audir8

A post shared by Influencer / Investor (@buynsll) on Feb 21, 2019 at 8:25am PST

Is this something you yearn? Not just the open plan gourmet kitchen, the spacious great room, the entertainer's gameroom and the big back yard, but also the 5 car garage with 8-9 car potential - WE HAVE JUST THAT!

LUXURY HOME WITH A CAR LOVER's GARAGE 

If you have any questions

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AS THE SCHOOL YEAR COMES TO AND END INVENTORY REMAINS LOW 

April showed strong numbers overall, with a solid increase in pending sales year over year. The number of new listings is down, which is surprising considering the already low inventory numbers. As we head into the Summer months, look for inventory numbers to rise as the school year comes to an end. Mortgage rates continue to stay low - a great opportunity for buyers. The April 2019 stats report shows that sales volume increased by 15% to 3,035 sales when compared to April of last year. Sales volume totals for April were a strong $1.1 Billion up 14% year over year. Median prices for March 2018 vs. 2019 rose again at $320,000 for a single family home in Austin Metro. The market continues to

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