Luxe Austin Homes - home prices

"Here's how airplane routes and noise affect home prices"

Austin Business Journal writes, "The noise from airplanes can cost homeowners thousands of dollars when they sell.

A working paper published by the National Bureau of Economic Research analyzed changes in flight paths and overall airplane noise in residential neighborhoods near several airports and the prices homes secured when they subsequently sold. 

The research found that for every 1% increase in airplane noise exposure for a home, that home sold for 0.2% to 0.3% less than comparable homes without an increase in airplane noise. That implies that for every 1-decibel increase in average noise, property values drop by 0.6% to 1%. 

“The magnitude of our estimates suggests that aircraft noise remains a significant disamenity for households,…

179 Views, 0 Comments

"More homes will hit the market in 2026. Here's the pricing outlook."

Austin Business Journal shares, "More homes are going to hit the market in 2026 — but don’t expect home prices to drop in the near future.

A new report by the National Association of Realtors predicts existing-home sales will jump by 14% in 2026. That’s because of a combination of dropping mortgage rates and improving market stability after several years. 

But, despite the number of new homes hitting the market, prices are still projected to go up by 4% in 2026, as demand remains steady and supply remains lower than normal. 

“Next year is really the year that we will see a measurable increase in sales,” said NAR National Economist Lawrence Yun. “Home prices nationwide are in no danger of declining.”

Mortgage rates are projected to go down…

674 Views, 0 Comments

"Homebuyers are backing out of deals at record rates. Here's why and what it means for the housing market."

Austin Business Journal reports, "Residential real estate purchase agreements are being canceled at record rates — upwards of 20% in some major metro areas — as sellers struggle to maintain the upper hand and buyers suffer from cold feet.

That's according to an analysis of MLS pending sales data in 50 large metro areas by real estate analytics firm Redfin.

Nationally, about 56,000 home-purchase agreements were canceled in August, which translates to 15.1% of homes that went under contract during the month.

That's the highest rate of cancellations in August since Redfin started tracking the metric in 2017. In August 2024, the rate was 14.3%.

The increase represents another obstacle for an evolving housing market already challenged…

121 Views, 0 Comments

"Here's where homes are selling the fastest as the housing market evolves"

Austin Business Journal writes, "Home sales have slowed in many cities across the country — including some Covid-era hotspots — but some communities are bucking the trend and seeing houses sell more than 40% faster than they did pre-pandemic.

That's according to The Business Journals' second-quarter analysis of the nation's hottest housing markets based on quarterly listing and sales data from Intercontinental Exchange.

ZIP code 49629 in Elk Rapids, Michigan, was the fastest-selling housing market in the nation for the second quarter. Homes in Elk Rapids spent an average of 23 days on the market.

The small, waterfront community — approximately 17 miles from Michigan vacation hotspot Traverse City — provides easy access to nearby Elk Lake and…

419 Views, 0 Comments

"The 'sweet spot' for frustrated homebuyers is on the horizon"

Austin Business Journal writes, "The best time of the year to buy a home is coming up, giving frustrated house hunters an increased chance to close a desired deal.

The week of October 12-18 is what Realtor.com is calling the “sweet spot” for home shoppers. Why? A rare combination of higher inventory, lower prices and less competition makes it ideal for buyers. And even though it's not exactly a buyer's market overall, the improved buying conditions could feel like a breath of fresh air for prospective buyers.

"After years of constrained conditions, the 2025 housing market is giving buyers something they haven't had in a long time: options," said Danielle Hale, chief economist at Realtor.com, in a statement. "I expect this market momentum shift…

174 Views, 0 Comments

"From Bidding Wars to Bargains—How Austin’s Housing Market Became a Buyer’s Market"

Realtor.com writes, "Austin, TX, once the poster child of America’s pandemic housing boom, has flipped into a buyer’s market.

After years of surging demand and record-setting prices fueled by remote workers and tech transplants, the tide has turned. Listings are piling up, prices have retreated from their peak, and affordability—long a sore point in the city—is starting to improve.

Nationally, the housing market has reached a balance of five months of supply—the first summer to do so since Realtor.com® began tracking this data nine years ago, according to the August 2025 Monthly Housing Market Trends report.

While local dynamics vary across the country, Austin’s trajectory underscores a broader theme in real estate: the pendulum swing between…

308 Views, 0 Comments

"Homebuyers are gaining leverage — but the minimum income to buy is surging"

Austin Business Journal writes, "Americans now need to earn $114,000 per year to afford a median priced home.

That's an increase of 70.1% above the $67,000 required to afford that same mid-range home in 2019, according to data from Realtor.com. It's an increase driven by sky-high appreciation, persistent supply constraints and stubbornly high interest rates, among other factors — and the dynamic continues to weigh heavily on the housing market, even as buyers gain leverage.

The data looked at median home prices each April for the past six years.

“Even with today’s affordability hurdles, meaningful changes in the market could give buyers a better shot at finding a home,” said Danielle Hale, chief economist at Realtor.com. “The number of homes…

111 Views, 0 Comments

"Dallas-Fort Worth, Austin are some of the nation’s top real estate markets, study says"

Spectrum News writes, "some of the top real estate markets in the nation are in the Lone Star State, according to a recent study.

The data comes from WalletHub, which used metrics like real-estate market rank, affordability and economic environment to rank U.S. cities.

In the top 10 alone are five Dallas-Fort Worth area cities, including McKinney, north of Dallas, with a total score of 72.33; Richardson, a Dallas suburb, with a score of 68.11; Denton, with 66.52; and Allen with a score of 66.35.

Making the top 20 were Fort Worth and Austin, with close scores of 65.31 and 65.13, respectively.

“Current home prices are extremely important, but there’s much more that you need to look at when determining the health of a city’s real estate…

121 Views, 0 Comments

"Home sales in the Austin metro could heat up this fall"

Austin Business Journal shares, "While home sales in the Austin metro continued to slow in July, pending sales ticked up — potentially suggesting stronger sales activity heading into the fall.

That’s according to the latest market data from Unlock MLS, which found that the metro recorded 2,492 home sales last month, down from 2,823 in June and from about 2,700 home sales in July 2024. On the flip side, pending sales clocked in at 2,829 last month, up from 2,706 in June and about 2,440 in July 2024.

As sales have slowed, home prices have dropped. The median sales price in the metro fell from $449,000 in June to $435,000 in July.

“It’s typical for the summer market to slow as people focus on travel and leisure; we often see activity pick back…

172 Views, 0 Comments

"Austin Home Prices Down in June"

Realtor.com reports, "In June, home prices fell substantially from the month before, with a median listing price of $617,500.

The number of listings on the market grew 5.0%, which is a smaller increase than normal for this time of the year in Austin, and homes are also selling slower than at the same time last year.

Home prices in Austin

Typically, home price per square foot in Austin tend to rise in June. But the most recent data shows that the price per square foot decreased by 3.3% compared with the month before.

So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.4%, which means price changes in the Live Music Capital of the World are lagging behind the national market.

Austin…

157 Views, 0 Comments