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Texas Real Estate News, Home Prices Rise in Austin, Toyota San Antonio Auto plant in Texas

 

 

 

The best compliment you can give us is a referral to your family & friends

www.dreamcastlerealty.com

BALGOVIND PANDEY / BHARTI MISHRA

Email: govind.smarthomes@gmail.com

Phone : 510-364-8072 /940-231-3059

Web : https://www.dreamcastlerealty.com

The best Investment on Earth Is Earth – Louis Glickman

Sept 2018 Vol 20109 -01

 

Spring Maintenance List

Time to tune in your HVAC

Have a qualified heating and cooling contractor clean and service the outside unit of the air conditioning system

Check your roof and Gutters 

Clean up your gutters for any fall and winter debris. Check your roof to inspect any missing shingles 

Check your Lawn Watering Schedule 

Time to turn on those sprinklers and check your lawn watering schedules and adjust them

Check for any broken sprinker heads and replace those

Clean up your windows and screen

Time to get those windows and screens dusted up


Supply Demand Imbalance causes home prices to rise in Austin

 

AOB The cost of single-family homes in the metro is rising because of an imbalance between supply and demand. The Austin Board of Realtors (ABoR) recorded 3,189 home sales through the MLS in August 2019, a 5.8 percent increase from last year.

However, while home sales continued increasing, market listings continued to decrease.

Single-family home sales increased 5.8% to 3,189, while the median price was $326,500, a 2% year-over-year increase. New listings decreased 7.1% to 3,457 and active listings decreased 9.3% to 7,074. Inventory stood at 2.7 months.

 

San Antonio Net absorption increases

According to NAI overall vacancy stood at 6.8%, an increase from the 6.2% reported in August 2018. Meanwhile, the 2.3 million square feet of absorption registered was a 2.1 million-square-foot increase from the -203,904 square feet from the year before.

The vacancy rate for Class A properties is at 14.4%, up from 12.0% as of August 2018. Year-to-date net absorption is at 2.3 million sq. ft., up from negative 204,000 sq. ft. year-over-year.

Market Activity Courtesy NAI

Market Activity Courtesy NAI

Texas Housing report

  • 30-year mortgage rates fall at 3.64% as of sept 27 2019.
  • Housing permits on new construction falls due to labor constraints 0.6% QOQ
  • Current median price is at $240,515
  • Months of inventory stands at 3.7
Texas Housing Report

Texas Housing Report

Toyota invests $400M in San Antonio Plant

According to San Antonio Business Journal Toyota Motor Corp will invest $400M in Toyota Manufacturing Texas plan in San Antonio .

The San Antonio Toyota plant, which produces Tundra and Tacoma pickup trucks, employs about 3,200 people.

Texas Economy outlook

According to Wallethub, Texas is the most diverse state trailing behind only California.

Texas Economy Courtesy Texas A&M

Texas Economy Courtesy Texas A&M

San Antonio ranks third for home price growth

According to FHA, U.S. house prices rose in the second quarter of 2019, up 1.0 percent according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).  House prices rose 5.0 percent from the second quarter of 2018 to the second quarter of 2019.  FHFA’s seasonally adjusted monthly index for June was up 0.2 percent from May.

Single-family home prices in San Antonio have increased 8.9 percent over a year ago. The pace of home construction in San Antonio has also reached a 12-year high in the second quarter, according to a Metrostudy report.

New Home construction increased 6.8 percent spike over the same period last year. Other Texas cities included in the top ten overall price growth rankings were Austin (fourth) and El Paso (tenth).

 

Developers of Granite Properties building the largest tower in West Plano

According to Dallas News “This will be the tallest building in Granite Park,” said Will Hendrickson, Granite Properties’ senior managing director. “It will also be the nicest and the most heavily amenitized building we have ever delivered.”

The tower is designed by BOKA Powell and is slated to start in 2020

 

 

Call us we are here to help

If you are a first-time buyer or an in the market looking for investment in real estate – Commercial, Residential, Farm land. We can help

We take pride in customer service and our clients see the value we provide.

We take ensure to make the process of buying, selling and leasing real estate seamless for you.

If you have a Family member, Friend looking to Buy/Sell Real Estate we will be glad to help.

 

 

Is it time to Buy, Austin named best city to live. Texas ranked best state to start business

 

 

 

The best compliment you can give us is a referral to your family & friends

www.dreamcastlerealty.com

BALGOVIND PANDEY / BHARTI MISHRA

Email: govind.smarthomes@gmail.com

Phone : 510-364-8072 /940-231-3059

Web : https://www.dreamcastlerealty.com

The best Investment on Earth Is Earth – Louis Glickman

Sept 2018 Vol 20109 -01

 

Spring Maintenance List

Time to tune in your HVAC

Have a qualified heating and cooling contractor clean and service the outside unit of the air conditioning system

Check your roof and Gutters 

Clean up your gutters for any fall and winter debris. Check your roof to inspect any missing shingles 

Check your Lawn Watering Schedule 

Time to turn on those sprinklers and check your lawn watering schedules and adjust them

Check for any broken sprinker heads and replace those

Clean up your windows and screen

Time to get those windows and screens dusted up


Wallethub ranks Austin to be the second best city to live 

According to WalletHub – The Texas capital is the second-best large city in which to live, according to WalletHub’s comparison of the 62 largest U.S. cities. Austin lost the top spot to Virginia Beach, Va., by a narrow margin.

WalletHub, a personal finance website, based its rankings on indicators such as quality of public schools, job opportunities, and property taxes.

Austin ranked third in “economy,” eighth in “education and health,” 17th in “quality of life,” and 30th in “affordability.” It was in a six-way tie for first in “highest income growth.”

Other Texas cities ranking among the top 50 were Arlington (25th), Fort Worth (30th), San Antonio (31st), El Paso (32nd), Corpus Christi (43rd), Houston (45th), and Dallas (47th).

 

Texas Housing Supply at a glance

 

13 Master planned communities from Texas among the top selling across nation 

According to RCLCO Real Estate Advisors 13 Texas communities landed on RCLCO Real Estate Advisors’ list of the top 50 master-planned communities, representing 21 percent of sales nationwide

Texas Ranked Best State to Start Business 

The Lone Star State was first in business environment and 11th in ​access to resources. It also ranked:​

  • fourth in longest ​average length​ of work week in hours;
  • fourth in average growth in number of small businesses;
  • fifth in highest total spending on incentives as a percentage of gross domestic product;

Texas offers a business-friendly environment characterized by low taxes (e.g., no state income tax) and less burdensome regulation that favors a market economy that has created lower costs for doing business,” commented Real Estate Center Research Economist Dr. Luis Torres

Demand for industrial space continues to grow 

According to CBRE The Market saw nearly 5.2 million sf of net absorption last quarter, up from the first quarter. 

  • Construction starts totaled 5.3 million sf, and 23.5 million sf of industrial space is currently underway. Nearly 4.6 million sf was delivered.
  • The vacancy rate decreased slightly over the quarter to 6 percent. Read more here 

 

Call us we are here to help

If you are a first-time buyer or an in the market looking for investment in real estate – Commercial, Residential, Farm land. We can help

We take pride in customer service and our clients see the value we provide.

We take ensure to make the process of buying, selling and leasing real estate seamless for you.

If you have a Family member, Friend looking to Buy/Sell Real Estate we will be glad to help.

 

 

Texas Housing Market Steady. Cap Rates for Retail rises. Amazon Mulling Expansion of Cashless Go Stores

 

 

 

The best compliment you can give us is a referral to your family & friends

www.dreamcastlerealty.com

BALGOVIND PANDEY / BHARTI MISHRA

Email: govind.smarthomes@gmail.com

Phone : 510-364-8072 /940-231-3059

Web : https://www.dreamcastlerealty.com

The best Investment on Earth Is Earth – Louis Glickman

Sept 2018 Vol 20109 -01

 

Fall Maintenance List

Clean Gutters

Fall is a good time to clean your gutter after the leaves have fallen from the tree especially if you live in a snow zone

With heating on and Furnaces running its a good time to check and replace your smoke detector battries

Sprinkler setting

You Lawn may still need water in fall it may not need as much as peak summer. Please check and adjust your sprinkler setting. Dont forget to winterize your sprinkler systems

Winter proof your windows and doors

If you live in cold temperatures make sure to caulk your windows and check the weather strip at door to save on heating cost

Grills and Drain hoses

Clean Cover and winterize your grills and out away the drain hoses

HVAC

Change filter to your HVAC and add some bleach to the drains to clean up any Algea Build up

Fireplace and Chimney

Make sure to get your chimney cleaned if you use it. Stock up on firewood if you use a wood buring fire place. Clean up Gas value for any dirt and debris to get it ready for winter for gas fire places

Existing home sales are steady

According to National Association of Realtors, Existing homes sales are steady. Sales remained unchanged from July at a seasonally adjusted rate of 5.34 million sales. That’s down 1.5 percent from a year ago.

The median existing-home price for all housing types was $264,800 last month, up 4.6 percent from August 2017. This marks the 78th straight month of year-over-year gains. Total housing inventory also remained unchanged from July at 1.92 million existing homes up for sale. In August 2017, there were 1.87 million homes for sale.

First-time home buyers accounted for 31 percent of sales in August. ​

Cap Rates for Commercial properties remains steady and increases for retail sector

According to cpexecutive.com – Cap rates for the first quarter were between 5.1 and 6.8 percent, with Suburban Office and Retail posting the highest rates. Mid- and High-rise Apartments traded at the lowest cap rates (5.1 percent), followed by CBD Office at 5.1 percent. Garden Apartment cap rates increased by more than 11 basis points in the first quarter of the year, while CBD Office decreased by 18.1 basis points and Suburban Office fell by 11.7. Year-over-year, Retail assets commanded the highest growth for commercial properties (11.8 basis points).

Increase in Hospitality sector investment due to tax reforms

According to San Antonio Express-News – Blackstone has purchased The JW Marriott San Antonio Hill Country Resort & Spa.

The 1,002-room resort and the adjacent TPC San Antonio golf course at 23808 Resort Pkwy. opened in 2010 and cost over $600 million to build.

It includes two golf courses, spa, nine-acre water park, high-end restaurants, and nearly 270,000 sf of convention space.

In 2016, the hotel finished a $16 million expansion to its waterpark and meeting and event space. It finished an additional $500,000 worth of renovations in early 2018.

Texas Economy Going Strong

AUSTIN (Texas Workforce Commission) – The Texas economy added 32,000 seasonally adjusted nonfarm jobs in August, marking 26 consecutive months of employment growth.

According to data from the Texas Workforce Commission, the state’s seasonally adjusted unemployment rate was 3.9 percent, down from 4 percent in July.

Over the year, the state added 394,500 jobs for an annual employment growth rate of 3.2 percent.

Microsoft plans to develop three data centers in San Antonio to enhance cloud offering

According to San Antonio Business Journal – Microsoft Corp. plans to build three data centers for $62 million, according to Texas Department of Licensing and Regulation. The new development appears to be on the far edge of the Texas Research Park at 15000 Lambda Dr. Each single-story data center will span about 225,000 sf and include a 14,000-sf office portion.

Work is slated to begin in October and wrap up by August 2019.​​

Amazon Expanding its line of cashless stores

Founder and CEO Jeff Bezos is mulling the expansion of the cashierless Amazon Go concept by as many as 3,000 stores in the next three years, Bloomberg reports. The tentative plan for expansion would be reaching 10 Amazon Go stores by the end of this year, 50 by the end of 2019 and 3,000 by the end of 2021, which would give it a number of locations competitive with many national convenience store chains. ..Read more

Call us we are here to help

If you are a first-time buyer or an in the market looking for investment in real estate – Commercial, Residential, Farm land. We can help

We take pride in customer service and our clients see the value we provide.

We take ensure to make the process of buying, selling and leasing real estate seamless for you.

 

 

 

  

 

 

 

 

If you have a Family member, Friend looking to Buy/Sell Real Estate we will be glad to help.