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Deeper technology integration and healthier, more connected living environments are on tap for real estate in 2018. Prepare for what's ahead by learning about the products and services that aim to transform homes and your clients' lifestyles.
Read full article: http://realtormag.realtor.org/home-and-design/feature/article/2017/12/what-s-hot-trends-in-pipeline-for-2018
The AUSTIN TRAIL OF LIGHTS is Austin’s largest holiday tradition and 2nd largest event in the city. Run by the Trail of Lights Foundation, the annual event in Zilker Park celebrates the unique spirit and people that make Austin the place we love to call home.
The Austin Trail of Lights is a community event that invites 400,000 people every year to come celebrate the holidays in the heart of Austin, Texas during the month of December. The event showcases everything that we love about Austin—from music and food to creativity and family fun. Thanks to the Trail of Lights Foundation, we are able to keep it free for at least ½ of the nights to make sure that anyone who wants to be part of the experience has a way to do so. (Retrieved from Austin Trail of Lights website: https://austintrailoflights.org/the-event)
Austin real estate has been traveling at light speed with over 60% appreciation on residential real estate in the last ten years. DFW has seen over 50% appreciation in the same period. While these aren’t as robust as the ‘go go’ years of the sand states (California, Arizona, Nevada and Florida who at times pre-recession were appreciating 40%+ annually), they have led the nation in the last ten years. Since 1990, Austin has had an average residential real estate appreciation of 5.4%, Houston 4.9%, San Antonio 4.7%, and DFW 4%.
If the residence is below $700,000, if priced correctly, we are still seeing multiple bids in Austin and Dallas. Sales volume has been dropping, but days-on-market has gone down. Overall, the market is clearly slowing down for the season, though it’s not painfully dull like it was in 2013 or 2014 during the fall. This is key to understand because when we say values are “softening,” some interpret that to mean the market is really slow or crashing. But we’re really only saying sales are slowing.
Austin, DFW, and San Antonio continue to be some of the most desirable markets in the nation. Should you wait for values to drop? Never say never, but I don’t see values softening anytime soon, barring a catastrophic economic event. With rates and values rising, the time to buy is now.