Posts from February 2023

Greater Austin is the place to be. With one of the most unique cultures of any metropolitan area, friendly people, and one of the best bar and restaurant scenes around, it's not hard to see why. Few states are seeing population growth quite like Texas. The state's population just exceeded 30 million for the first time this past July. Many of the new residents coming in from out of state are settling down in the Austin area. It's actually one of the hottest real estate markets today.

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If you look at the national Real Estate Market and averages for 51 of the major metropolitan areas the year-over-year comparison taken without the context of the volatility of the last 12 months looks like a tiny linear shift. In January 2022 the inventory was low and the market was still being fueled by post-pandemic demand and historically low-interest rates. The rising inventory reflected in this Housing Report does not really explain where that came from but the majority was from two sources. New construction contracts that failed to close because of dramatically higher rates pushed buyer ability to qualify to a new low and right out of contracts for properties that were in construction. Another issue was iBuyer inventory that fell grossly short of anticipated appreciation again caused by the inability of Buyers to keep up with and qualify at the new interest rates. I look for this inventory growth to slow down in our area because these properties are clearing our market as builders and iBuyer communities have been making huge concessions. In addition, with a record number of homes that were withdrawn from the market in Q4 2022, there is still a reasonable balance in resale inventory and that normally represents a stable future for prices and reducing volatility in pricing and percentage differential between listed and closed prices.

When looking at Cedar Park homes for sale, your mind is awash with possibilities. The problem is, you don't have the money for a lot of new furnishings. How do you make your new space feel fresh without spending a lot on new stuff? Here are a few suggestions.

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Whether you're searching for the perfect place to celebrate Valentine's Day or just a great destination for a date night anytime, you won't have to travel far from Cedar Park homes for sale to find what you seek. With restaurants to suit every budget, palate, and taste, Cedar Park is sure to have just the right place to impress your special someone. Our real estate agents have all of the delicious details on 5 outstanding restaurants around Cedar Park that are perfect for a date night.

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For many of us, coffee is a regular part of our lifestyle, but doesn't it deserve a special day of its own? Celebrate National Latte Day on Saturday, February 11, at one of these wonderful coffee shops that are favorites of our real estate agents.

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