Skip to content

Americans Optimistic about Home Sales

53% of Americans remain optimistic about the housing market and believe that home prices will rise within the next 12 months. The expected average price increase is 3.4% over the next year.
-36% of people 65 years old and older said they thought prices would stay the same, compared with 26% of people between 18 and 29 years of age.
-People living in suburban and rural areas were more than twice as likely to say that prices would drop compared with urban dwellers.
-More than half of all respondents — regardless of education level — said they thought prices would rise.

Screen Shot 2014-09-29 at 11.44.24 AM

Source

New Coffee Shop Opening Up on South Lamar!

Patika Coffee, who currently has a coffee trailer on West 4th between Congress and Colorado, is having a grand opening of their first mortar and brick shop today! The shop is located at 2159 South Lamar Blvd. In addition to coffee, Patika will sell wine, beer and delicious snacks that are mostly made in-house. Their hours will be Monday-Thursday 7:00 am-10:00 pm, Friday and Saturday 7:00 am-midnight and Sunday 7:00 am-8:00 pm. Photo courtesy of Do512 who went by the new location yesterday afternoon.

patika-austin1

Austin’s Airport is Stepping Up Its Game

Austin-Bergstrom International Airport has exciting new plans in the works. The waiting area/baggage claim is going to be more than just a cold area for people to stand around on their cell phones. Steve Glasgow, an independent developer, plans to begin the building process of a retail center featuring a coffee shop & restaurant, gas station and other amenities in the spring or summer of 2015. Glasgow has also signed a letter intent to build a Hyatt Place with approximately 137 units but the start date is undetermined at this time. :: Austin Business Journal ::

lg_abia_b_jordan_airport_1

College Debt Causing Housing Sales to Decrease

A recent study shows that approximately 414,000 home sales will not happen this year because people ages 20-40 are still paying off their student loans monthly. The amount of people who owe about $250/month has tripled since 2005 to 5.9 million, resulting in a rough estimate of lost sales of $83,000,000,000. Yes, $83 billion. Now, people who have never attended college (and don’t have a degree) are more likely to own a house than those who have graduated. What’s more important to you, having a degree and probably a more decent job? Or own your own house? Read more: Los Angeles Times || Realtor Mag

Open-Houses-in-Spring-Texas

 

10 Best Neighborhoods in Austin to Purchase Homes in Today ::

We all know that finding the perfect house at an affordable price and in Austin can sometimes seem impossible. Real estate experts have taken the time to evaluate neighborhoods throughout Austin and have come up with 10 that they believe to have best potential, value and appreciation. The following maps show what areas potential buyers should be looking into:

Cuernavaca

Milwood

Cherry Creek

Close-In East Austin

Rollingwood

Shoreline of Lake Austin

Southwood

Western Trails

Windsor Park

University Hills