Found 16 blog entries tagged as spring.

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Austin Business Journal writes, "As spring rolls on, Austin’s housing inventory continues to grow.

April saw an increase in active and new home listings in the region, as well as pending and closed sales, according to the most recent market data from Unlock MLS published on the Austin Board of Realtors' website.

Unfortunately for home buyers, the median sales price of a home in the metro also creeped up in an already-pricey environment due to elevated interest rates. Still, the increase in inventory has resulted in an uptick in the number of home for sale at many price points, even those priced more affordably.

“The MSA experienced an increase in sales, indicating more opportunity in the market for all buyers,” stated Clare Losey, Unlock MLS…

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This three-bedroom, 1956 cottage at 6501 Linda Ln. is quintessentially Austin and right at median price: $450,000. Keller Williams Realty/kw.com

Culturemap Austin writes, Austinites looking to own a home for the first time may be in luck this year, as the housing market is finally starting to look more lucrative for buyers. The post-pandemic homebuying craze left many scared and uncertain about the possibility of becoming homeowners with prices and rates skyrocketing. However, 2024 is shaping up to be a lot more hopeful for those wanting to trade renting for owning.

According to the US News & World Report market forecast for Austin, the current housing market is favoring buyers as mortgage rates are coming down, there’s a more balanced supply and demand of both new and existing homes, and median prices have slowly dipped by 4.2 percent over the past two years. At its peak in 2022, the…

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Austin American-Statesman writes, "With the typical busy spring buying season upon us, what's happening in the Austin-area housing market?

The Austin Board of Realtors just released its monthly housing report, which shows that there were 4,714 new home listings across the Austin-Round Rock-Georgetown region last month, 10.2% more over the prior March. The increase has led to four months of inventory in multiple parts of the Central Texas region as the market continues to stabilize, the board said.

The board said 2,563 homes sold last month, down 0.3% from March 2023. The median price last month was flat year-over-year, with half of the homes selling for more than $450,000 and half for less.

The numbers indicate that homeowners have confidence…

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CultureMap Austin reports, "more homes hit the market in the Austin area in March, inspiring confidence among home sellers while simultaneously boosting options for first-time homebuyers, according to the latest real estate report by Unlock MLS and the Austin Board of Realtors (ABoR).

There were more than 4,700 new home listings placed on the market in the Austin-Round Rock-Georgetown metropolitan statistical area (MSA) in March, which was a 10.2 percent increase year-over-year from March 2023. Housing inventory in the Austin area has now climbed for two straight months, after a previous real estate report showed more than 3,900 new home listings were added in the month of February.

"In an era marked by economic resilience and favorable market…

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Realtor.com writes, "One oft-forgtten room that can always benefit from a seasonal refresh is the bedroom. And more specifically, bedding is a small upgrade that can make a big difference.

With the weather warming, we say it’s time to shed those heavy winter quilts and swap them for something lighter.

So we’ve scouted out five fresh spring looks from Instagram that incorporate natural motifs, playful details, and inviting textures. These will make your bedroom the perfect cozy haven for all those rainy spring weekends and maybe even help you catch a few extra winks.

Here are our top picks for trending, spring-themed bedding this season.

1. Cotton, block-print quilt

If you’re ready to store your winter quilt, swap it out for something a…

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New listings for homes for sale in the Austin metro climbed in February. BRANDON LAUFENBERG

Austin Business Journal shares, "New listings for homes for sale in the Austin metro surged in February, a rise driven largely by lower-priced homes that are considered affordable for first-time homebuyers, according to data from the Austin Board of Realtors.

February saw 3,915 new home listings in the metro, according ABOR’s latest market report. That’s up from just 3,064 in January, and an increase of more than 40% year-over-year from the 2,764 new listings reported in February 2023.

ABOR housing economist Clare Losey said many of the new listings are for homes priced under $400,000.

“Higher home prices and mortgage rates have diminished affordability for first-time homebuyers over the past few years, but February provided encouragement for…

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(Photo by Justin Sullivan/Getty Images)

Realtor.com shares, "The numbers: An ongoing and persistent lack of homes in the resale market is pushing more home buyers into new construction, which caused sales to surge for the second month in a row.

The strength in new home sales was also driven by a massive jump in sales in the south. Overall, new home sales are trending higher as buyers grapple with a low level of home listings in the existing home sales market.

U.S. new home sales rose 4.1% to an annual rate of 683,000 in April, from a revised 656,000 in the prior month, the Commerce Department reported Tuesday.

The number is seasonally adjusted, and refers to how many homes would be built over an entire year if builders continue at the same pace every month.

The jump exceeded…

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Although the spring 2023 housing market has little resemblance to the frenzied 2021 buying and selling season, there's evidence some markets and types of houses are starting to become more competitive, owing mostly to a lack of inventory. JAKE DEAN / DALLAS BUSINESS JOURNAL

Austin Business Journal shares, "although the spring 2023 housing market has little resemblance to the frenzied 2021 buying and selling season, there's evidence some markets and types of houses are starting to become more competitive, owing mostly to a lack of inventory.

Forty-eight percent of homes sold nationally during the four weeks ending April 30 went under contract within two weeks, down from 51% a year earlier but up from 46% a month prior, Seattle-based Redfin Corp. (Nasdaq: RDFN) recently found.

While demand for housing among buyers exists, a key reason for increased competition for certain homes is because inventory remains extremely tight. Owners who locked in record-low mortgage rates during the pandemic are hanging onto their…

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Housing markets that were white-hot during the early days of the pandemic have seen the biggest declines. IMAGE SOURCE / GETTY IMAGES

Austin Business Journal reports, "the spring 2023 housing market is off to a different start than its 2021 and 2022 counterparts but several factors are converging to make it not quite a typical pre-pandemic market, either.

Total existing-home sales fell 2.4% from February to a seasonally adjusted annual rate of 4.44 million in March, the National Association of Realtors said in a report last week. Year-over-year, sales activity fell 22%.

But while demand for housing has slowed in the wake of mortgage-rate increases that began late spring last year, inventory remains constrained, thanks to a persistent housing shortage and fewer people putting their homes on the market after locking in a low interest rate during the pandemic.

"The housing…

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"The market is moving at a much healthier pace than it has in years," said 2023 ABoR president Ashley Jackson. Photo by Chase Yi on Unsplash

CultureMap Austin writes, "in what looks like signs of normalizing for both homebuyers and sellers, the Austin-Round Rock metro area now has three months’ worth of housing inventory with active listings soaring to over 8,000.

The latest housing market report from the Austin Board of Realtors (ABoR) stated nearly 4,400 homes hit the market in March, which is a 6.6 percent year-over-year increase from last year. While pending and completed home sales in Austin decreased by about 19 and 25 percent, respectively, there was a spike in both new and active listings.

2023 ABoR president Ashley Jackson said in a press release that the past quarter has “ushered in a sweet spot for both buyers and sellers” exploring the current market.

“There are three…

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