Luxe Austin Homes - lakeway real estate

"Fed rate cut could boost Austin housing market"

Austin Business Journal shares, "The Federal Reserve has lowered rates by a quarter point, a welcome sign for homebuyers.

The federal funds rate is now 4% to 4.25%, according to a Sept. 17 announcement, marking the Fed's first rate cut since December. The cut comes as economic indicators point to the growth of economic activity moderating in the first half of the year, job gains slowing and the national unemployment rate increasing to 4.3%, according to the announcement.

Lowering the rate could have an impact on housing affordability in the Austin metro, where the median price of a home was $444,490 in August, 1.3% more than the year prior.

“Even a small rate shift can improve affordability and prompt more buyers to re-enter the market, a…

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"Profits on home flipping are falling — but some areas are beating the odds"

Austin Business Journal reports, "Home flippers are seeing their profits shrink dramatically, plummeting to the lowest point in years.

The latest report from ATTOM, which provides property data and analytics, found that home flippers netted a 25.1% return on investment before expenses in the second quarter, the lowest margin ATTOM has recorded since the second quarter of 2008. It's also down from a high point of a 62.9% in fall 2012.

Gross profit, the difference between what a flipper paid for a property and what they sold it for, also has dropped. The typical flipped home netted $65,300 in the second quarter, about 4% less than the first quarter and 13.6% less than the second quarter of 2024.

The culprit? High home prices that push flippers…

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"Austin is becoming a buyer's market, new real estate reports say"

CultureMap Austin shares, "the latest Central Texas Housing Report from Unlock MLS and the Austin Board of Realtors (ABoR) has indicated Austin's real estate activity in August is portraying a "more balanced" housing market with an increase in active listings, stable prices, and a rise in pending sales. And two national marketplaces, Zillow and Realtor.com, have already recently declared Austin is now a buyer's market.

The local housing report analyzed August data across the Austin-Round Rock-San Marcos metropolitan statistical area (MSA), the city of Austin, and the five Central Texas counties: Travis, Williamson, Hays, Bastrop, and Caldwell.

Across the Austin metro, median home prices in August rose just 1.3 percent year-over-year to $444,490,…

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"The secret to thriving in Austin’s fierce real estate market"

In the fast-paced Austin real estate market, where competition is fierce and expectations are high, The Grossman & Jones Group at Compass Real Estate has earned a reputation for delivering an elevated client experience rooted in trust, service and results. With more than four decades of combined experience, Todd Grossman and Michelle Jones have built a referral-driven business dedicated to exceptional client care and the highest standards of excellence.

At the heart of every successful transaction is a simple truth: who you work with matters.

Clients who choose The Grossman & Jones Group gain more than knowledgeable realtors; they gain trusted advisors who listen, advocate and ensure every detail of the buying or selling process is handled with precision.…

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"New townhome project moves forward in Lakeway City Center"

Community Impact Shares, "A new project is underway in Lakeway’s new City Center, with plans to bring 21 townhomes to the area.

The details

Developer Bill Hayes with W Hayes Ventures said the project will offer nine duplexes and one triplex. The buildings will all be three stories, with a garage on the first floor, living areas on the second floor and bedrooms on the top floor.

The average square footage is estimated to be smaller than the other “for sale” residential housing in the center at around 1,700 square feet, Hayes said. This allows the project to be priced more affordably for the Lakeway area at around mid-$700,000s, Hayes said. The median home price for homes sold in Lakeway in April was $850,000, according to Unlock MLS data.

“It’s…

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