The Grossman & Jones Group now offers private and virtual tours of homes! 

Realtors in Austin are being told they can show properties again across the metro under a new statewide coronavirus order.

After Central Texas' first shelter-in-place orders were announced March 24, the Austin Board of Realtors strongly discouraged its members from in-person showings in certain locations.

"It's our interpretation that showing activity may be allowed in Williamson County, but it's clearly not allowed in Travis County and the city of Austin," ABOR said in a March 25 update.

But now ABOR says things have changed after a March 31 executive order from Gov. Greg Abbott on the state's efforts to contain COVID-19, the disease caused by the novel…

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Knowledge is power, and Grossman and Jones gives you the power you need to know what is going on in the mortgage world. Todd Grossman of the Grossman & Jones Group with Compass and Brandon Sparks with Barton Creek Lending Group discuss changes in lending and the effects, Jumbo Loans, and the future of the housing market during COVID-19.

 

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Twenty-eight Austin-area real estate agents have been selected for membership in Luxury League for 2020, including Todd Grossman and Michelle Jones of the Grossman & Jones Group at Luxe Home's Austin.

Each year, Luxury League invites Austin residential real estate agents who specialize in luxury transactions over $1 million with a minimum of $10 million in volume to apply for membership in the organization. The applications are then evaluated by an advisory board comprised of leading brokers and managers in the Austin market.  Over 70 agents applied for membership in 2020.

Cumulatively, the 2020 members closed $1.1 billion in residential transactions in 2019, with 405 of these properties closed at over $1 million. On average, each Luxury League…

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Realtors in Austin are being told they can show properties again across the metro under a new statewide coronavirus order.

After Central Texas' first shelter-in-place orders were announced March 24, the Austin Board of Realtors strongly discouraged its members from in-person showings in certain locations.

"It's our interpretation that showing activity may be allowed in Williamson County, but it's clearly not allowed in Travis County and the city of Austin," ABOR said in a March 25 update.

But now ABOR says things have changed after a March 31 executive order from Gov. Greg Abbott on the state's efforts to contain COVID-19, the disease caused by the novel coronavirus.

"Realtors can show property across the market but should exercise…

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Historically low interest rates add another variable to housing market

 The Austin Board of REALTORS® (ABoR) February 2020 market analysis showed a 6.8% increase in residential home sales in the Austin-Round Rock Metropolitan Statistical Area (MSA) and a 12.8% increase in median sales price to $327,140. While sales increased from 2,363 homes in February 2019 to 2,524 homes last month, new listings decreased 11.8% year-over-year, and inventory dropped to 1.5 months of inventory, painting the picture of Austin's historically competitive housing market and high demand. With the impact of COVID-19 beginning to take hold, it's uncertain how social distancing will affect the way the market continues to operate.

“Historically low interest rates are a…

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Housing inventory continues to decline

The first Central Texas Housing Market Report of the year shows steady gains in both home sales and prices across the five-county Austin-Round Rock Metropolitan Statistical Area (MSA), according to the Austin Board of REALTORS® (ABoR).   

Compared to January 2019, residential home sales in the Austin area increased 8.5% to 1,947 sales, and the median price increased 4.8% to $308,000, setting a record for the month of January. Housing inventory––which fell to 1.6 months––was driven to critically low levels across the MSA due to drops in both new and active listings. At the same time, increases in pending sales activity in January could signal further declines in inventory in the year ahead amidst strong…

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Single-family home sales increased by 84% since 2010

While Austin continued to rank high on “Best of U.S." lists, Central Texas REALTORS® sold more homes in 2019 than any year on record, according to the latest Austin Board of REALTORS® (ABoR) analysis. The December and Year-End 2019 Central Texas Housing Market Report reflects a record-breaking 33,084 home sales and $13,158,737,333 in sales volume.

"Austin's unprecedented population growth during the past decade has heavily impacted the real estate market. Compared to 2010, home sales in 2019 increased by 84%," Romeo Manzanilla, 2020 ABoR president said. "That type of exponential growth has put enormous pressure on the market, raising the median home price from $193,520 in 2010 to $318,000 in…

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If colder weather has you looking for a warm spot to spend you evenings, check out our list of the Coziest Happy Hour spots in Austin! Keep reading to learn more about their specials!

1. Jeffreys

This classic restaurant is in the popular Clarksville neighborhood. The happy hour menu features half-off appetizers and $2 off drinks at the bar. It runs all night on Monday, and then from 4:30 to 6:30 p.m., Tuesday through Sunday. Our menu item is the Truffled Deviled Eggs. 

 

2. The Driskill Bar

Located in the historic Driskill Hotel in Downtown, this bar offers happy hour everyday. Sunday thru Wednesday 5:00 PM - 7:00 PM and Thursday thru Saturday 4:00 PM - 7:00 PM they have $5 Cocktail Specials and 1/2 price bar snacks and finger foods.…

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A state appeals court ruled Nov. 27 that the city's regulations banning some types of short-term rentals and restricting their use are unconstitutional. In 2016, Austin City Council passed an ordinance to outlaw by 2022 short-term rentals in residential areas where the owner doesn't live on the property. The ordinance also created requirements around advertising, noise, inspections and occupancy limits at the rentals. The state appeals court has declared some elements of Austin's rules governing short-term rentals unconstitutional, including provisions banning non-owner-occupied rentals and occupancy limits.

In 2016, the City Council passed sweeping new regulations of short-term rentals, like those you find through Airbnb…

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