104 E. 31st St. ste B, Austin, TX 78705

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Jan 28
Austin Texas Lake Front

Austin Ranks as a Fast Growing City

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In fact, according to Forbes magazine, Austin has been the number one growing city in the United States for the last four years. Over the last year, Austin has grown a total of 2.52% but ranked #2 as the fastest growing city this year. Who made #1? You guessed it, Houston.

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Jan 27
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Tiny Houses are Becoming a Big Trend

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Tiny houses are popping up all over the country, even as permanent residences for homeowners. They’re also being built for personal get away weekends as well as resourceful living spaces for those who reside in extremely cold climates. Some people just don’t need a lot of space to live in and would like to get away from it all – be off the grid. Seeing these beautiful looking tiny houses may get you thinking “what if…” Check out this interesting article by Courier-Journal about people tiny houses: here.


Jan 23

Unemployment Rate at its Lowest

The Texas Workforce Commission reports that Austin’s unemployment rate is the lowest its been since 2008. Last month the rate dropped to 3.4% down from 3.9% in November and from 4.5% in December of 2013. The highest unemployment Austin has ever seen was towards the end of 2008 at 7.5%.

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Reference


Jan 22
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Pflugerville is Booming!

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Over the next five years, Pflugerville has plans to develop dramatically, bringing in billions in tax revenue over the next few decades. The opening of Hawaiin Falls Water Park has brought more people around, and the grounds for the 100 acre development are right within the same area – along 130 between FM 685 & Pflugerville Parkway. Plans include hotels, shops and of course, restaurants. Read more here.


Jan 21
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2014 MLS Report is in

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The MLS (Multiple Listing Service) was just released today, showing that 2014 came out as a record for annual home sales volume. Here’s a quick look at what Austin homes saw in 2014:

27,768 – Single-family homes sold, two percent more than 2013.
$242,500 – Median price for single-family homes, eight percent more than 2013.
$309,975 – Average price for single-family homes, seven percent more than 2013.
47 – Average number of days that single-family homes spent on the market, three days fewer than 2013.
35,423 – New single-family home listings on the market, four percent more than 2013.
5,734 – Active single-family home listings on the market, four percent more than 2013.
28,325 – Pending sales for single-family homes, one percent more than 2013.
$8,607,385,376 – Total dollar volume of single-family properties sold, nine percent more than 2013.


Jan 19
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A Look into 2015

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There have been many predictions made that home prices will increase this year, roughly about 9%. There are so many people, especially young adults between the ages 25-29, who are thinking there is absolutely no way they would qualify to purchase a home. But with the FHA qualifications being relaxed and with interest rates at all time lows, there has never been a better to become a home buyer than now.

HUD is planning on decreasing the mortgage insurance about .50% that new borrowers will have to pay for 2015, in hopes to have about 250,000 new home buyers this year. You can read more about this here.

Is purchasing a home something that’s been on your mind for a while now? Here are some articles for you to read that will hopefully make your decision a little easier:

6 Factors Homebuyers Should Consider Over Interest Rates

Resolutions for 2015 Home Buyers

New Years Resolution: Purchasing a Home

The Return of First Time Home Owners


Jan 8
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The Fairview :: An Austin Boutique Hotel

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Just south of downtown Austin in Travis Heights is a quaint and beautiful boutique hotel that just opened this last September. Last year, Jimi and Vivian Ballard transferred their home into what is now the Fairview hotel, and have already been graced with the presence of many guests. The Ballards claim that the most important thing about transforming their home into a hotel is paying attention to every small detail. The Fairview is nothing short of home away from home with a little extra something. Click here to see a slideshow of The Fairview. Reference.

Make a reservation and read reviews: here!


Jan 6
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U.S. Cities with the Biggest Houses

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An article written by 24/7 Wall Street reveals the 10 cities in America with the biggest houses. Three out of those ten cities are in Texas (Everything’s Bigger in Texas!). Notice how small the difference is between each city in regards to square footage but how big the difference can be in price. Here we go:

10. Dallas/Fort Worth/Arlington, Texas ::
Median Sq. Ft. – 1,828
Median Price – $150,000

9. Austin/Round Rock, Texas ::
Median Sq. Ft. – 1,837
Median Price – $207,000

8. Fort Collins, Colorado ::
Median Sq. Ft. – 1,851
Median Price – $272,000

7. Greeley, Colorado
Median Sq. Ft. – 1,854
Median Price – $224,000

6. Boulder, Colorado
Median Sq. Ft. – 1,865
Median Price – $380,000

5. Raleigh, North Carolina
Median Sq. Ft. – 1,871
Median Price – $207,000

4. Atlanta/Sandy Springs/Roswell, Georgia
Median Sq. Ft. – 1,872
Median Price – $162,000

3. Colorado Springs, Colorado
Median Sq. Ft. – 1,899
Median Price – $213,000

2. Houston/The Woodlands/Sugarland, Texas
Median Sq. Ft. – 1,900
Median Price – $144,000

1. Provo/Orem, Utah
Median Sq. Ft. – 1,980
Median Price – $226,000


Dec 13
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The Richest Zip in Texas, Even Richer than Downtown Austin

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78701, the downtown zip code, was named the richest zip code in Austin by the 2013 edition of the Census’ American Community Survey 5-Year Estimates. According to Austin Business Journal, it was estimated that downtown residents live on an estimated $89,670/year in capita. West Lake Hills and Rollingwood fall shortly behind downtown, estimating $76,782 per year.

But what other city in Texas exceeds downtown Austin? Central Houston residents living in the 77010 zip live on about $200,200 a year per capita. Click here to view a map that shows just how wealthy Texas is. The most wealthy areas are color coded a darker red.