ATX: the Austin Real Estate Life Blog

FLIP FLOP Austin nails new ranking as LEAST profitable city to flip a home in 2023 By Amber Heckler Apr 1, 2024 | 4:48 pm click here for the direct article link Here's a good argument for buying an Austin home to live in rather than "investing" in one to flip: According to a new national report by real estate data company Attom, Austin home flippers saw the weakest gross flipping profits of any large city in 2023. Of the 56 metro areas of at least 1 million people included in the  report , Austin investors took a median loss of $18,640 on their home flips last year. Overall, Austin flippers' ROI dropped from a 9 percent profit in 2022 to a 4.1 percent loss in 2023, the report revealed. (Ouch!) It seems Austin's home-flipping bubble has been burst with a hammer. Attom's latest annual U.S. Home Flipping Report, which examined the state of the home-flipping industry as a whole, showed that flipping rapidly declined nationally in 2023. The data shows fewer than 30...

  New scooter rules are in effect now TUESDAY, APRIL 2, 2024 BY  ELIZABETH PAGANO As of this month, new regulations dictate how scooters operate in Austin.  “I think it might be one of the biggest complaints we get in the office,” said Council Member Zo Qadri, who represents downtown. “For me, it’s not as much about the visual clutter. It’s about accessibility and safety.” Richard Mendoza, director of Transportation and Public Works, explained to Council’s Mobility Committee that he had been working on the  new rules  in cooperation with Bird and Lime in a process that was launched last fall. They were put into effect April 1. “I am not anti-scooter,” Mendoza said. “And I understand that, in terms of providing a service, especially with regards to last-mile connectivity, this recent asset and service has filled a very valuable space for our community. However, with anything new, there’s a period of adjustment and there’s an experience of, perhaps, unintended cha...

  Contact me, George Vance McGee Broker Associate Austin Silent Market Realty for BUYER's Agency and all "78704" Zip Code real estate questions and inquiries. 512.657.9281 direct georgevance@gmail.com

 Click here for the direct Link to the Austin Business Journal Article.  Per Austin Business Journal; Deep Eddy Cabaret, known as 'dive bar royalty,' secures historic designation

  900K-1.1. Million. Conventional Loan Primary Home Buyer & Dwellers with kids seeks 3-4 bedrooms in Central Austin or Westlake. On or Off Market Status welcomed. Broker GVM @ 512.657.9281 georgevance@gmail.com 900K-1.1. Million. Conventional Loan Primary Home Buyer & Dwellers with kids seeks 3-4 bedrooms in Central Austin or Westlake. On or Off Market Status welcomed. Contact Broker Associate GVM @ 512.657.9281 georgevance@gmail.com Copyright © 2024 Austin Silent Market Real Estate Group, All rights reserved. Want to change how you receive these emails? You can  update your preferences  or  unsubscribe from this list .

What's Behind Austin's Mass Exodus? Published Mar 20, 2024 at 3:32 PM EDT About the writer Suzanne Blake FOLLOW Click here for the exact NEWSWEEK online article  Suzanne Blake is a Newsweek reporter based in New York. Her focus is reporting on consumer and social trends, spanning from retail to restaurants and beyond. She is a graduate of UNC Chapel Hill and joined Newsweek in 2023. You can get in touch with Suzanne by emailing s.blake@newsweek.com. Austin was the place to be during the COVID-19 pandemic . Boasting warmer temperatures, lower cost of living and cheap rent and housing prices, millions of Americans fled expensive areas like California and New York for the reprieve of the up-and-coming Texas capital. This was good for sellers, who typically brought in significant profits compared to what they purchased their home for. "Like many places during the pandemic, Austin thrived due to warm weather, no state income tax, affordable housing, and access to outdoor activi...

 Austin Texas has the #1 fastest growing “millionaire” resident population, #2 is Scottsdale Arizona...see the TOP 5 in the USA per Business Insider. Click here for the Business Insider Online article.