All Forum Posts by: Neil Narayan

Hi Sathiya, if you need any help we are all happy to chat and give you some guidance on the Austin market. You have your choice of minds to pick for info :)

If you eventually plan to move in the home then I would focus more on buying a house that fits your needs even though it is a couple hundred dollar cash flow negative. I have sold and leased a few investment props in Georgetown and have not had any issues leasing it out (less than 2 wks). If the property is in good condition and priced right you should have any issues.

Texas added the most residents of any state by raw numbers in 2021 while California's population continued to dwindle for the second year in a row, according to U.S. Census Bureau estimates. A years-long trend of residents trading the West Coast for the Lone Star State is likely continuing, especially as companies relocate to Texas in droves.

Texas ranked first among the states for the number of residents added from 2020 to 2021, which worked out to 850 new residents per day, and seventh for percentage growth.

A recent Texas A&M University Real Estate Research Center study found that California remains the No. 1 source of out-of-state relocations to Texas.

The Austin metro's population, in particular, has surged in recent years: it was the country's fastest-growing big metro for the past decade.

https://www.bizjournals.com/au...

Work has gotten underway on a new neighbor for North Austin’s mixed-use Domain and Domain Northside developments. Construction just began on the first phase of Uptown ATX, a $3 billion, 66-acre master-planned neighborhood. The project will dramatically enlarge Austin’s so-called “second downtown,” along Burnet Road near North MoPac Expressway.

Uptown ATX, formerly known as Broadmoor, eventually will feature nearly 7 million square feet of offices, apartments, stores, and hotel space, as well as a new MetroRail station. The site already is home to IBM’s Austin campus.

https://austin.culturemap.com/...

Due to the number of people moving to Austin you won't have issues renting out anywhere in Austin as long as you price it correctly. Typically winter is a good time to pick up an investment prop but right now our inventory is so low that pretty much anything decent is going into multiple offers. The recent Samsung annoucement just threw everything back into overdrive :D

Texas added the most residents of any state by raw numbers in 2021 while California's population continued to dwindle for the second year in a row, according to U.S. Census Bureau estimates. A years-long trend of residents trading the West Coast for the Lone Star State is likely continuing, especially as companies relocate to Texas in droves.

Texas gained an estimated 310,288 people, which would be a roughly 1.1% increase, between July 1, 2020, and July 1, 2021, according to the data released Dec. 21. That accounts for births and migration. The Lone Star State was estimated to have a population of 29,527,941 by July of this year, and its growth rate has been consistent over the last few years.

California, however, lost an estimated 261,902 residents from July 1, 2020, to July 1, 2021, which would mark just the second year for the population of the Golden State to fall since at least 1900.

https://www.bizjournals.com/au...

The Census estimates still peg California as the most populous state with roughly 39,237,836 residents, though the federal agency also surmised the state lost the most residents — 367,299 — to domestic migration.

Overall, the U.S. population grew an estimated 0.1% in 2021, the slowest rate in history. Census officials pointed to the nation's lower birth rates, decreasing net international migration and rising mortality rates as the culprit.

According to the latest numbers from the Texas Real Estate Research Center at Texas A&M University, the average price per acre in the Austin-Waco-Hill Country market reached $5,290 in the third quarter, up 30% year over year. Almost 60% more acreage changed hands last quarter than in Q3 2020.

https://www.bizjournals.com/au...

Homebuyers in the Austin area are rightfully complaining about the continuing ascent of home prices. Home sellers, however, are cheering.

In the Austin area, the typical home sale in the third quarter of 2021 generated a 70.9% profit for the seller — the 12th highest profit margin among U.S. metro areas. In dollar terms, the typical area home sold for $192,656 more in the 3rd quarter than it was purchased for. The typical sale price was $465,000.

https://austin.culturemap.com/...

While perhaps ’s record-shattering volume, the rest of 2021 and 2022 are expected to see high demand for home purchases, especially as consumers look to secure low mortgage rates and younger generations

https://www.nationalmortgagene...

ABoR says home sales in the region slid 12.1 percent last month compared with October 2020. However, the median sale price in the area rose 24.7 percent year over year to an October record: $455,000. This is also a slight uptick from the September 2021 median home price of $450,000 in the Austin-Round Rock market.

Here’s how submarkets in the Austin area performed in October:

• City of Austin: The median home price climbed 21.1 percent year over year to $536,000­­, while home sales decreased 11.7 percent.
• Travis County: The median home price increased 21.8 percent year over year to $522,625, while home sales fell 16.9 percent.
• Williamson County: The median home price soared by 33.4 percent year over year to $430,000, while home sales declined by 4.4 percent.
• Hays County: The median home price jumped 30.6 percent year over year to $399,750, while home sales slipped 11.2 percent.
• Bastrop County: The median home price increased 28 percent year over year to $334,000, while home sales dropped by 20.5 percent. 
• Caldwell County: The median home price rose 19.7 percent year over year to $291,500 while home sales stayed level.
• https://austin.culturemap.com/...