Austin Board of REALTORS®
Austin Board of REALTORS®
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July 23, 2024 | Driving It Home with ABoR's Housing Economist
In this episode of Driving It Home, Dr. Clare Knapp and Emily Chenevert discuss the recent mid-year ⁠housing statistics for June⁠ (www.abor.com/marketstatistics) , focusing on more detailed granular data. They emphasize the importance of understanding these nuances to better navigate the current housing market and help clients make informed decisions. Dr. Knapp provides insights into the areas within the MSA where home prices have seen the most significant changes, highlighting both the declines near the city center and increases in more distant zip codes.
Dr. Knapp also discusses the varying affordability of different zip codes within Travis, Williamson, and Hayes counties, noting that more affordable areas tend to have faster-moving properties due to higher demand from first-time buyers. The conversation shifts to buyer financing methods, where conventional loans dominate, and explores the impact of interest rates on different financing options. Despite higher mortgage rates, alternative financing forms like seller financing remain rare.
Finally, the discussion touches on open houses, their frequency, and their effectiveness in different price ranges. The importance of new construction in the market is acknowledged, with builders increasingly using MLS to market their properties due to higher interest rates. The episode concludes with an invitation for listeners to attend the July 23 ⁠Market Data Lab⁠ (www.abor.com/class/market-data-lab-6) session with Dr. Knapp to gain deeper insights and discuss market-specific questions.
Download an episode transcript: ⁠www.abor.com/content/uploads/2024/07/DIH-7-16-24.pdf⁠
Links Mentioned
⁠June 2024 Central Texas Housing Report⁠ (www.abor.com/marketstatistics) www.abor.com/marketstatistics
⁠Market Data Lab with Dr. Knapp - July 23⁠ (www.abor.com/class/market-data-lab-6) ⁠www.abor.com/class/market-data-lab-6⁠
⁠2024 International Homebuyers Survey⁠ (www.abor.com/intlsurvey) www.abor.com/intlsurvey
Переглядів: 52

Відео

MLS Quick Tip | Buyer / Tenant Representation Agreement (Long Form)
Переглядів 1067 годин тому
In this video, learn more about the Buyer / Tenant Representation Agreement (Long Form). This form includes the necessary protections and transparency offered by a traditional buyer’s rep agreement and clearly discloses how much a buyer/renter will pay their agent for their services.
MLS Quick Tip | Buyer / Tenant Representation Agreement (Limited Services)
Переглядів 1427 годин тому
In this video, learn more about the Buyer / Tenant Representation Agreement (Limited Services) form. This form has a single-day term and allows agents to list multiple property addresses to be shown as well as list the provision of services in addition to showing the property(ies).
July 16, 2024 | Driving It Home with ABoR's Housing Economist
Переглядів 6921 годину тому
In this episode of Driving It Home, Dr. Clare Knapp and Emily Chenevert discuss the recent mid-year housing statistics for June (www.abor.com/marketstatistics) , focusing on more detailed granular data. They emphasize the importance of understanding these nuances to better navigate the current housing market and help clients make informed decisions. Dr. Knapp provides insights into the areas wi...
Unlock MLS Market Statistics | June 2024
Переглядів 21День тому
The Austin-Round Rock-San Marcos MSA will continue to find footing in the second half of the year as the first six months of 2024 brought the highest level of inventory since 2011 at 5.0 months and 13,227 active listings. Dig deeper into the data and find infographics and statistics from the June & Mid-Year 2024 Central Texas Housing Market Report at ABoR.com/MarketStatistics.
July 9, 2024 | Driving It Home with ABoR's Housing Economist
Переглядів 5214 днів тому
In this episode of Driving It Home, Dr. Clare Knapp and Emily Chenevert delve into the upcoming June housing statistics. They highlight a significant expected decline in home sales by 15-20% year-over-year, while median sales prices have remained relatively stable, only dropping about 5%. This discrepancy raises questions about whether this sales drop is an anomaly or a trend for the rest of th...
MLS Quick Tip | Addendum Confirming Broker Compensation (Sale Transaction)
Переглядів 25014 днів тому
In this video, learn more about the Addendum Confirming Broker Compensation (Lease Transaction) form. This addendum to lease contracts confirms who will pay each portion of the compensation to be paid to the brokers in the transaction associated with the contract to which it is attached.
MLS Quick Tip | Buyer / Tenant Representation Agreement (Short Form)
Переглядів 23114 днів тому
In this video, learn more about the one-page Buyer / Tenant Representation Agreement (Short Form) form. *Note: Intermediary section has been omitted. As a result, there is currently no authorization in the short form for the Buyer's Broker to act as an intermediary (and show the broker's own listings).
MLS Quick Tip | Residential Listing Agreement Exclusive Right to Sell
Переглядів 20414 днів тому
In this video, learn more about the Exclusive Right to Sell Agreement form. The Exclusive Right to Sell Agreement is a binding contract between a property seller and a real estate broker. It grants the broker the exclusive right to market and sell the property. Watch this video to dive into the key sections and important legal points under Texas real estate law.
Realtor Service Day on July 16!
Переглядів 6321 день тому
The ABoR Foundation's Central Texas REALTOR® Service Day on July 16 is your opportunity to be a part of the mission to solve the most pressing issues in those communities. We're partnering with the Central Texas Food Bank at ABoR Headquarters for a day of service, followed by a celebratory Happy Hour! Sign your team up now at ABoR.com/REALTORServiceDay .
July 2, 2024 | Driving It Home with ABoR's Housing Economist
Переглядів 3521 день тому
In this episode of Driving It Home, Dr. Clare Knapp and Emily Chenevert reflect on last week’s Market Shift Conversations program featuring special guest, Marki Lemons-Ryhal. They highlight the new Buyer’s Agent Portfolio (www.abor.com/content/uploads/2024/06/2024-Buyers-Agent-portfolio-ABoR-Unlock-MLS.pdf) released during the event that includes research on Austin's demographics and leasing, p...
The Time is Right Here, Right Now
Переглядів 2021 день тому
Are you ready for the NAR-required MLS rules and broker business practice changes coming to our marketplace on August 13? If not, now’s the time to get ready. Our Right Here, Right Now hub has everything you need right now, right here: www.ABoR.com/RightNow.
Unlock MLS Rule Changes
Переглядів 4,5 тис.Місяць тому
If you're going to watch just one ABoR and Unlock MLS video this year - make sure it's this one. ABoR & Unlock MLS COO Stan Martin dives into each change you can expect as part of the MLS rules changes coming August 13 to our marketplace. Stan discusses the role that brokers, agents, and Unlock MLS play in this transition to ensure you are ready. Please watch this video, save it, and share it w...
June 25, 2024 | Driving It Home with ABoR's Housing Economist
Переглядів 29Місяць тому
In this episode of Driving It Home, Dr. Clare Knapp co-hosts with ABoR Deputy Director of Government Affairs, Taylor Smith. The two dive into the HOME Initiative, which aims to address housing affordability in Austin with two phases: first is to allow three units by right on all residential lots (approved December 2023) and second, to reduce minimum lot size from 5,750 to 1,800 square feet (app...
June 18, 2024 | Driving It Home with ABoR's Housing Economist
Переглядів 76Місяць тому
In this episode of Driving It Home, Dr. Clare Knapp and Danielle Hammett delve into the complexities of the current housing market, exploring whether it is a buyer's or seller's market. Dr. Knapp explains that the market doesn't fit neatly into either category due to various factors, including elevated mortgage rates, increased active listings, and high home prices. These elements create a bala...
Unlock MLS Market Statistics | May 2024
Переглядів 42Місяць тому
Unlock MLS Market Statistics | May 2024
Meet Cubicasa! | Henry Valles
Переглядів 26Місяць тому
Meet Cubicasa! | Henry Valles
June 11, 2024 | Driving It Home with ABoR's Housing Economist
Переглядів 52Місяць тому
June 11, 2024 | Driving It Home with ABoR's Housing Economist
Welcome to the Global Mastermind Series!
Переглядів 29Місяць тому
Welcome to the Global Mastermind Series!
Global Mastermind Series Tip #1: Developing Cultural Competence
Переглядів 27Місяць тому
Global Mastermind Series Tip #1: Developing Cultural Competence
Global Mastermind Tip #3: Honing Your Competitive Edge with Technology
Переглядів 29Місяць тому
Global Mastermind Tip #3: Honing Your Competitive Edge with Technology
Global Mastermind Tip #2: Creating Your Global Dream Team
Переглядів 17Місяць тому
Global Mastermind Tip #2: Creating Your Global Dream Team
June 4, 2024 | Driving It Home with ABoR's Housing Economist
Переглядів 28Місяць тому
June 4, 2024 | Driving It Home with ABoR's Housing Economist
Right Here Right Now
Переглядів 127Місяць тому
Right Here Right Now
May 21, 2024 | Driving It Home with ABoR's Housing Economist
Переглядів 582 місяці тому
May 21, 2024 | Driving It Home with ABoR's Housing Economist
2023 Industry Awards Winners
Переглядів 762 місяці тому
2023 Industry Awards Winners
TREPAC Movie Night on June 6!
Переглядів 652 місяці тому
TREPAC Movie Night on June 6!
Meet FOREWARN! | Michael Desilva
Переглядів 172 місяці тому
Meet FOREWARN! | Michael Desilva
May 7, 2024 | Driving It Home with ABoR's Housing Economist
Переглядів 472 місяці тому
May 7, 2024 | Driving It Home with ABoR's Housing Economist
April 30, 2024 | Driving It Home with ABoR's Housing Economist
Переглядів 522 місяці тому
April 30, 2024 | Driving It Home with ABoR's Housing Economist

КОМЕНТАРІ

  • @ronniebaker1347
    @ronniebaker1347 День тому

    Homestead relocation to properties that sold at well above list price is, in my mind, still "speculation." Prove me wrong.

  • @aseelhadi3952
    @aseelhadi3952 6 днів тому

    Thank you

  • @nadeemahmad4432
    @nadeemahmad4432 11 днів тому

    How many PERM Official Fees charge form US DOL?

  • @WillyMcGee
    @WillyMcGee 16 днів тому

    Can you your developers for the unlockmls app, to change the max price setting from 0-1k-5k to instead go up by increments of $250.. Most rental properties are in the 2100-2500-2750 range for single family. It'd make touring on the go much smoother.

  • @charlieaghadiuno7308
    @charlieaghadiuno7308 20 днів тому

    Thanks NAR....NAR looking like NAW to me

  • @GMcGee05
    @GMcGee05 28 днів тому

    In the buyers broker or tenant rep role, it'll be even more work. Tons of the same phone call or email to the listing agents? "How much compensation is the landlord or seller's brokerage offering to the tenant rep or buyer's broker?" Just because NAR got sued and lost, why should that affect us, in Austin, Texas? I'm not even a member of NAR? Who is?

  • @tyswintonaustinrealtor597
    @tyswintonaustinrealtor597 Місяць тому

    Thank you for the info.

  • @VOICEOFQUEENS
    @VOICEOFQUEENS Місяць тому

    Subscribed!!!!! Thank you

  • @Hannah.C.Williams
    @Hannah.C.Williams Місяць тому

    Thank you for the great info!

  • @victoriaboulom1479
    @victoriaboulom1479 Місяць тому

    Thank you this is very helpful!

  • @dark_lightlast_night2676
    @dark_lightlast_night2676 2 місяці тому

    This is truly helpful message, thanks to share.

  • @michaelmiller6478
    @michaelmiller6478 2 місяці тому

    how to list when land listing keeps requesting Room?

    • @AustinBoardofREALTORS
      @AustinBoardofREALTORS 2 місяці тому

      Hi Michael! Please send us an email at support@abor.com. Thank you!

  • @Reman9
    @Reman9 3 місяці тому

    As an ABOR member and appraiser I’d like to caution the use of this app without consent from your homeowners. The app takes a video of the interior of the property and ships it to countries like Vietnam or India to produce the floor plan overnight. Do you know how the data is protected?

    • @AustinBoardofREALTORS
      @AustinBoardofREALTORS Місяць тому

      What are CubiCasa’s security and privacy standards? CubiCasa maintains high standards for information security and privacy, operating in compliance with all relevant privacy laws in the US and EU (GDPR). CubiCasa Privacy Policy is located here. All of the CubiCasa servers and systems are physically located in the U.S. to ensure no data leaves US soil, and we undergo ongoing testing and monitoring from third-party auditors to ensure our systems have appropriate safeguards and controls. It's in our interest to ensure we meet extremely high levels of privacy protection because that's how we secure the trust of our users. For more details about the ABoR member benefit visit: ABoR.com/CubiCasa

  • @Treywhite911
    @Treywhite911 3 місяці тому

    In remine I don't have the option for off market...

  • @michaelcabrera7420
    @michaelcabrera7420 4 місяці тому

    And then move your way to .5 if necessary ?

  • @RoseKnowsHomes
    @RoseKnowsHomes 5 місяців тому

    I am catching up on these - great job on explaining inflation trends! :)

    • @AustinBoardofREALTORS
      @AustinBoardofREALTORS 5 місяців тому

      Glad you are enjoying them @RoseKnowsHomes! Thanks for tuning in!

  • @gabetellorealtor5570
    @gabetellorealtor5570 6 місяців тому

    Loved the “hard numbers” examples of affordability!

  • @danrose2539
    @danrose2539 6 місяців тому

    By the way i learned which PRO MLS in California is not partnered with remine !

  • @xavier_lucas
    @xavier_lucas 6 місяців тому

    With rates climbing in '23 and our mortgage at 7.5%, what alternatives can maximize savings without an RV move?

    • @Javier_Rodri
      @Javier_Rodri 6 місяців тому

      Affording our mortgage is tough. Considering cashing in, renting, and investing the rest in the stock market.

    • @_davidturner
      @_davidturner 6 місяців тому

      If you can afford to travel, you should manage the mortgage.

    • @Javier_Rodri
      @Javier_Rodri 6 місяців тому

      We own apartment but won't sell or inflate rents. Being cautious with rising costs.

    • @RyanBen-zc7bi
      @RyanBen-zc7bi 6 місяців тому

      Consider a fiduciary with mortgage-backed securities knowledge for guidance. Prices today may look like dips tomorrow.

    • @Javier_Rodri
      @Javier_Rodri 6 місяців тому

      I'd enlist a reputable fiduciary. How do I find and vet them? We value fiduciaries and are considering the idea.

  • @shannonhart9374
    @shannonhart9374 6 місяців тому

    the ownership filter is not accurate, says a friend of mine has lived in the home for 27 years and that is not ture. Also, absentee owner is also not accurate. Houston remine to be exact

    • @AustinBoardofREALTORS
      @AustinBoardofREALTORS 6 місяців тому

      Hi Shannon, thanks for this feedback. If you can please reach out to our support team at support@abor.com with the specific details that are inaccurate, we'll be sure to work with the Remine team to correct it. Thank you again for letting us know!

  • @Arguewityamama
    @Arguewityamama 7 місяців тому

    Extremely helpful!

  • @TheMattteifke
    @TheMattteifke 8 місяців тому

    hey hey!!!

  • @TheMattteifke
    @TheMattteifke 8 місяців тому

    Glad yall are putting it out there!!!

  • @TheMattteifke
    @TheMattteifke 8 місяців тому

    Thanks for sharing!!!

  • @RoseKnowsHomes
    @RoseKnowsHomes 8 місяців тому

    Good information for agents😀

  • @Texashogmeister
    @Texashogmeister 8 місяців тому

    Earballs!!! LOL

  • @RollingwoodMgmt
    @RollingwoodMgmt 9 місяців тому

    Hi Dr. Losey, Here are some September lease market stats: - Average Leased Price - $2,647, down 3.46% from 2022 - Median Leased Price - $2,350, down 2.08% from 2022 - Average Days to Lease - 34, up 61.90% from 2022 - Total New Leases - 1,898, up 8.52% from 2022 - Months of Inventory - 1.9 up from 2022 In talking with several other management company owners, they are all seeing longer DOM and substantial price reductions. This market shift, along with the end of the summer normal downturn, these are hitting the market hard. Good news for tenants, not so good news for investors. Thoughts?

  • @Texashogmeister
    @Texashogmeister 9 місяців тому

    Good stuff.. Thank you for discussing the housing market and interest rates..

  • @jasminsalazar7005
    @jasminsalazar7005 9 місяців тому

    Is there a podcast version of this? If so, could you provide a link?

    • @AustinBoardofREALTORS
      @AustinBoardofREALTORS 9 місяців тому

      Hello! At the moment, it is only available via our UA-cam, but be on the lookout for it on all major podcast platforms in the near future!

  • @drakebesheer4071
    @drakebesheer4071 9 місяців тому

    Great information

  • @herbertmartinez7647
    @herbertmartinez7647 9 місяців тому

    Realistically, it appears that those who went on Gov’t handouts and were staying home, are realizing that those handouts might become a thing of the past and are getting back to work.

  • @CentralAustinHomes
    @CentralAustinHomes 9 місяців тому

    another great show - ) I do have questions but will email you. Cheers thanks for modernizing ABOR!

  • @Texashogmeister
    @Texashogmeister 9 місяців тому

    Great vid, but would be awesome if you guys would discuss the actual housing market;for example time of market, inventory, price reductions, and the actual real estate industry and market in CTX.. Hmmm there is an idea..

    • @reveldave
      @reveldave 9 місяців тому

      @johndukerealtor just curious if you listen every week. Some weeks are more focused on real estate data…some more focused on national economic data that many realtors don’t know. I can use MLS to find real estate stats and I find this info very valuable. Just my opinion.

  • @dennisa5881
    @dennisa5881 9 місяців тому

    'Promo SM'

  • @RoseKnowsHomes
    @RoseKnowsHomes 9 місяців тому

    Thank you for the market insight! 😀

  • @reveldave
    @reveldave 9 місяців тому

    Kelea and Dr. Losey, thanks again for dropping the knowledge!

  • @mariamorrison4993
    @mariamorrison4993 10 місяців тому

    Hi you mentioned podcast where you go into renting vs buying….what is the date of that one? I can’t find it 😀

    • @AustinBoardofREALTORS
      @AustinBoardofREALTORS 10 місяців тому

      Hello @MariaMorrison4993! Dr. Clare Losey broke down the Buy vs. Rent Index during the 2023 Central Texas Housing Summit. You can find a recording at www.abor.com/housingsummit. Please reach out to communications@abor.com if you have any trouble!

  • @RoseKnowsHomes
    @RoseKnowsHomes 10 місяців тому

    Thank you for the info! 🙌🏽🤓

  • @whyg400man6
    @whyg400man6 10 місяців тому

    Very informative and nicely done thanks

  • @reveldave
    @reveldave 10 місяців тому

    Thank you for this amazing weekly report! Very much appreciated🙂

  • @RollingwoodManagementIncAustin
    @RollingwoodManagementIncAustin 11 місяців тому

    Love this! Thanks for the lease data, and feel free to drill into this. We use your data, it makes us better!

  • @NanandCompanyProperties
    @NanandCompanyProperties 11 місяців тому

  • @NanandCompanyProperties
    @NanandCompanyProperties 11 місяців тому

  • @CentralAustinHomes
    @CentralAustinHomes 11 місяців тому

    Great job. Ya'll