Where are all the Baby Boomers’ Homes? As Baby Boomers age (most are into their 70s), where is all that inventory? Conventional wisdom says they should be moving in droves to multi-family rentals (that’s code word for “assisted living”, “independent living”, “senior citizen homes”, etc). Quite the opposite is happening. The Census Bureau data reveals that homeownership in this age group is actually increasing!   In this very interesting study by Fannie Mae, it digs into this paradox, what’s going on and what the future holds for housing. Inevitably, this generation will be moving-on as they age. Read it here:  https://www.fanniemae.com/ media/20281/   Key Findings: 2022: Boomer account for 21% of the US population but 38% of homeowners. 2022-2035: estimated decline from 32mil to 23mil Boomer households 2028: possible reduction of 2.7mil Boomer households. 2035: possible decline if around 1mil Boomer households   Additional Insights: 2023: Two million potential Millenial households id

Plunging Home Prices, Fleeing Companies: Austin Texas Glow Is Fading Story by Shelly Hagan and Amanda Albright (Bloomberg) -- Oracle Corp. is moving its headquarters out of the city. Tesla Inc. is pulling back after a rapid expansion. Almost a quarter of commercial office space is vacant, and nowhere in the country have residential real estate prices fallen further from their pandemic peak. Click here for the  remainder of this Bloomberg Article. Photo Above Elon's Expanding Empire In Texas © Photographer: Mark Felix/Bloomberg

 Come celebrate your inner or outdoor "HIPPIE" persona @ Eeyore's Birthday Party This Saturday April 27th Pease Park. an All Day Social, Fun, family Friendly Event https://eeyores.org/  Make Austin 1968 again.  Eeyore’s Birthday Party Saturday, April 27, 2024 11:00 AM – 8:00 PM The 59th annual Eeyore’s Birthday Party will be held in Pease District Park.  Our rain date is the following Saturday, May 4th, 2024.  More info . Free Admission Free Parking/Shuttle Buses ; Ride a Bike; Walk; Take Capital Metro buses Kids: 11 AM – 3 PM – Games, Crafts, Eeyore (Donkey) Game Stage Schedule 12:30pm Kids Costume Contest 2:30 Sack Race 4:30pm Grownups/Big Kids Costume Contest 6:00pm Egg Toss T-Shirts: Limited Edition for 2024 (59th) Face Painting ,  Henna, Pasties Food/Beverages Music Stage Schedule 12-1:30pm           Mostly Dead 1:30-3pm             Henry Invisible 3-4:30pm             Parker Woodland 4:30-6pm             Noella Grey and the Imaginary Band All Proceeds benefit  local

  7208 Coronado Circle. 3 bed, 2 bath, 1468 sq ft North-East ATX Condo For Sale, asking price $310,000. Affordability that is truly move in ready! The charming, and meticulously maintained community, Villas of Coronado Hills, is tucked neatly into a private corner of northeast Austin that provides easy access to all other locations in the city. This adorable condo offers a soaring vaulted ceiling living room with a cozy fireplace, as well as spacious primary bedrooms on the main and upper level. The third bedroom, located upstairs, could easily double as an office. This end unit is the largest floor plan in the community, and offers many updates (see note in documents). Washer and dryer, refrigerator, security cameras, and garage fridge convey. This cheerful community also provides a dog run, guest parking, and a sparkling pool area equipped with BBQ pits, bathrooms, and a covered entertainment area. Seller is open to Owner Finance. Welcome home! Asking price of $310,000. Contact = Lis

    Hi George-Vance,   In the weeks since NAR announced a proposed settlement agreement, misconceptions have been circulating throughout the marketplace about what the settlement terms mean and when the proposed MLS rules will take effect. ABoR and Unlock MLS have worked with legal counsel during this time to ensure what we share is  accurate  and addresses the important questions the settlement announcement has raised.    This email clarifies the NAR settlement terms as they pertain to Unlock MLS.  Please take the time to read both this email and the latest update on our  Legal Update Page .   The proposed MLS rule changes will not take effect locally until September (at the earliest).  It’s important to clarify that the plaintiffs’ attorneys  have not yet filed the proposed settlement with NAR  in court. Until that filing, the timeline for implementing the business practice changes called for in the settlement, including new MLS rules, is not set. As of today, the earliest that the p

  Hi George-Vance, Hope you’re doing great and enjoying the springtime weather! I’m excited to share the most recent leasing stats from the Austin Metro area. As always, I have been closely monitoring our investor and rental market activity and am including the March 2024 statistics in this newsletter along with my observations and notes. March 2024 SFR and Duplex Rental Stats below :    MARCH 2024 Takeaways: Holding Steady and Very Little Change March 2024 SFR data shows very little change in comparison to 2023, and I’m okay with that. Our low 1.9 months of inventory and 11% decrease in SFR Days on Market is very encouraging.  Duplex Stats still show that we have a bit more inventory available, following the somewhat unseasonal activity we’ve seen through the Fall and Winter months. March is the beginning of ‘Leasing Season’ , when annual rental demand begins to significantly increase. For those tracking rental demand, the Total SFR Lease amounts in recent history read as follows: