{"id":841,"date":"2020-12-21T10:53:24","date_gmt":"2020-12-21T10:53:24","guid":{"rendered":"http:\/\/heathertankersley.com\/2020\/?p=841"},"modified":"2022-01-27T07:09:41","modified_gmt":"2022-01-27T12:09:41","slug":"state-of-the-austin-real-estate-market","status":"publish","type":"post","link":"https:\/\/heathertankersley.com\/blog\/state-of-the-austin-real-estate-market\/","title":{"rendered":"State of the Austin Real Estate Market"},"content":{"rendered":"<p>I\u2019ve had a lot of people ask me my opinion about the state of the Austin real estate market and what I \u201cthink\u201d 2021 is going to bring&#8230; and into 2022 and beyond.<\/p>\n<p>First things first, if you are into \u201cdata\u201d,\u00a0<a href=\"http:\/\/el.magnoliarealtyaustinhc.com\/ls\/click?upn=97F9n9xhj4OOo-2BbkENkHzP8QcIAnEfdkjfJbgAlYccbns78M9GVinVj5vBh-2F9TXiLnMx_hsHQ1Q9bmyFWrWetcwBaXjVFSPNyPpYtVxyzlheACZ2atQ64rosnCi-2BfISjMorNCn3kPb9rievaBPsL1qsL3qOxzNYsn41TW6Us5GAQdGozra1vIjorh3gGCSuqpfjy25V-2FDaRrW3o3zNkJ6DuqxnTsCKiNoTw-2BimYq4HgumZPK7S8WbRVhzaT21ymxlV0L1qVGcvfS4tJg0XhgZhFlnHaUHgwpOziLwsJrM3g99sOm7Uhi9rnpBWDIxGg35HMjOj6B1P8jl7moIWk9TYUHI4UwHeenG0Xt9Ng97pld2PwAjuCdQwucOxjPUz1YgZgVISYAGIL388vPzK2f2lkhWidcFbO7DKPYCnMws-2FTeYA5bGAKNWZZ-2F10-2B4IGj9QhwOIP-2F8eoxZrsaGWEnwjbWJtoNykj69-2BsGGvlDSPbUqGLm8-2BZHlCJH0A17VZ5pMuRVpWiNd49BA-2FA7Mlff6rK-2BRuX2QPomBQpSyKZTWGcr3jP-2B7q3vjOdPyAQruoYImDkK8ZM8yBrRCof9TeFtPWSHoVy8RIxPfTsIA2nLsX2l5XjD-2FCbDtuDTPIF-2Fev7HmW77gNxhv0aWIvk5Qu7byWuEH7-2Fw-3D-3D\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=http:\/\/el.magnoliarealtyaustinhc.com\/ls\/click?upn%3D97F9n9xhj4OOo-2BbkENkHzP8QcIAnEfdkjfJbgAlYccbns78M9GVinVj5vBh-2F9TXiLnMx_hsHQ1Q9bmyFWrWetcwBaXjVFSPNyPpYtVxyzlheACZ2atQ64rosnCi-2BfISjMorNCn3kPb9rievaBPsL1qsL3qOxzNYsn41TW6Us5GAQdGozra1vIjorh3gGCSuqpfjy25V-2FDaRrW3o3zNkJ6DuqxnTsCKiNoTw-2BimYq4HgumZPK7S8WbRVhzaT21ymxlV0L1qVGcvfS4tJg0XhgZhFlnHaUHgwpOziLwsJrM3g99sOm7Uhi9rnpBWDIxGg35HMjOj6B1P8jl7moIWk9TYUHI4UwHeenG0Xt9Ng97pld2PwAjuCdQwucOxjPUz1YgZgVISYAGIL388vPzK2f2lkhWidcFbO7DKPYCnMws-2FTeYA5bGAKNWZZ-2F10-2B4IGj9QhwOIP-2F8eoxZrsaGWEnwjbWJtoNykj69-2BsGGvlDSPbUqGLm8-2BZHlCJH0A17VZ5pMuRVpWiNd49BA-2FA7Mlff6rK-2BRuX2QPomBQpSyKZTWGcr3jP-2B7q3vjOdPyAQruoYImDkK8ZM8yBrRCof9TeFtPWSHoVy8RIxPfTsIA2nLsX2l5XjD-2FCbDtuDTPIF-2Fev7HmW77gNxhv0aWIvk5Qu7byWuEH7-2Fw-3D-3D&amp;source=gmail&amp;ust=1608620291650000&amp;usg=AFQjCNGUhrRYb-FgksIHzNB8XMV2QVVDng\">check out this Facebook Live<\/a>\u00a0that I did yesterday with Nick Gerli, founder of REVentures.com. Nick does a deep dive into the data that\u2019s driving the Austin real estate market, how we got here, and predictions into 2021 and beyond.<\/p>\n<h3>People want to know things like:<\/h3>\n<ul>\n<li>Is now a good time to buy?<\/li>\n<li>Is now a good time to SELL?<\/li>\n<li>Is Austin in a housing bubble (about to crash)?<\/li>\n<li>Should I wait to buy a new home?<\/li>\n<li>Have I missed the boat?<\/li>\n<li>Etc.<\/li>\n<\/ul>\n<p>So I wanted to cover a few of those today as we get ready to enter a new year. Can you believe 2020 is about to finally be over?<\/p>\n<h4>Is Now A Good Time to Buy?<\/h4>\n<p>The short answer is YES! Nothing indicates that we are on pace for any sort of slow down whatsoever. On the contrary, we expect to see continued appreciation over the coming years. If you\u2019d bought your home just 12 months ago, you\u2019d already have ~10%+ additional value!<\/p>\n<p>So, yes&#8230; this is a great time to cash out on some of your equity and upgrade OR simply make the move to Austin&#8230; OR pick up a couple of rental units.<\/p>\n<h4>Is Now A Good Time to Sell?<\/h4>\n<p>This depends&#8230; But, the short answer to this is yes too! You can take your equity and buy a bigger home or even downsize and pay it off. If you\u2019ve been wanting to get some additional amenities or you\u2019ve realized that your home doesn\u2019t quite fit your family\u2019s \u201cnew\u201d needs, then<a href=\"http:\/\/heathertankersley.com\/blog\/should-i-sell-my-home-heck-yes\/\"> it\u2019s a great time to sell<\/a>. There\u2019s a specific strategy, however, based on what you\u2019re looking to maximize your sale and position yourself in the best purchase scenario.<\/p>\n<p><img loading=\"lazy\" class=\"alignright wp-image-850 \" src=\"http:\/\/heathertankersley.com\/2020\/wp-content\/uploads\/2020\/12\/Is_Austin_In-_A_Housing-_Bubble-300x158.png\" alt=\"Is Austin In A Housing Bubble\" width=\"366\" height=\"193\" srcset=\"https:\/\/heathertankersley.com\/blog\/wp-content\/uploads\/2020\/12\/Is_Austin_In-_A_Housing-_Bubble-300x158.png 300w, https:\/\/heathertankersley.com\/blog\/wp-content\/uploads\/2020\/12\/Is_Austin_In-_A_Housing-_Bubble.png 478w\" sizes=\"(max-width: 366px) 100vw, 366px\" \/><\/p>\n<h4>Is Austin In A Housing Bubble (about to crash)?<\/h4>\n<p>metro home value.pngI could go on about this for a couple of pages because there are completely different underlying factors this time around (Trust me&#8230; I was smack dab in the middle of ground zero in South Florida when the housing floor was yanked out). But, in a nutshell, nothing indicates any sort of housing bubble, ESPECIALLY in the Austin area.<\/p>\n<p>On the contrary, home prices are expected to continue to increase due to lack of inventory and buyer demand. Oracle just announced they are moving their headquarters to Austin on the heels of Tesla. And in my opinion, we are just seeing the tip of the iceberg.<\/p>\n<p>Also, if you watch that video, Nick pulled up some graphs from the \u201ccrash\u201d a decade ago and you\u2019ll see that Austin pretty much flatlined&#8230; It was very mildly impacted despite what was going on in other parts of the country.<\/p>\n<h4>Should I Wait to Buy A New Home?<\/h4>\n<p>This sort of goes to #1 and #2. With interest rates as low as they are and home prices soaring, it\u2019s definitely a great time to get into your next home&#8230; Whether it\u2019s your forever home or your next 5-10 year home, you can get in and take advantage of the market dynamics.<\/p>\n<h4>At the end of the day, what we are seeing is:<\/h4>\n<div>\n<ul>\n<li>A housing shortage (which equals appreciation);<\/li>\n<li>Large numbers of people moving TO Austin (nothing indicates this is going to slow down);<\/li>\n<li>Median incomes continuing to rise;<\/li>\n<li>More new business starts than anywhere else in the country<\/li>\n<li>And much, much more.<\/li>\n<\/ul>\n<p>You see, the fundamentals are strong and there are no indicators that these factors are going to slow. In fact, quite the opposite!<\/p>\n<p>Until next time&#8230; keep smiling\u2026 be kind\u2026 and stay safe out there \ud83d\ude42<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>I\u2019ve had a lot of people ask me my opinion about the state of the Austin real estate market and what&hellip;<\/p>\n","protected":false},"author":1,"featured_media":852,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[25,57,24],"tags":[47,37,43,44,46],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.5.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>State of the Austin Real Estate Market - heathertankersley<\/title>\n<meta name=\"description\" content=\"I\u2019ve had a lot of people ask me my opinion about the state of\u00a0real estate market here in Austin and what I \u201cthink\u201d 2021 is going to bring.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/heathertankersley.com\/blog\/state-of-the-austin-real-estate-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State of the Austin Real Estate Market - heathertankersley\" \/>\n<meta property=\"og:description\" content=\"I\u2019ve had a lot of people ask me my opinion about the state of\u00a0real estate market here in Austin and what I \u201cthink\u201d 2021 is going to bring.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/heathertankersley.com\/blog\/state-of-the-austin-real-estate-market\/\" \/>\n<meta property=\"og:site_name\" content=\"heathertankersley\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-21T10:53:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-27T12:09:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/heathertankersley.com\/blog\/wp-content\/uploads\/2020\/12\/State_of_the_Austin_Real_Estate_Market.png\" \/>\n\t<meta property=\"og:image:width\" content=\"636\" \/>\n\t<meta property=\"og:image:height\" content=\"332\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Heather Tankersley\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Heather Tankersley\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/heathertankersley.com\/blog\/state-of-the-austin-real-estate-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/heathertankersley.com\/blog\/state-of-the-austin-real-estate-market\/\"},\"author\":{\"name\":\"Heather Tankersley\",\"@id\":\"https:\/\/heathertankersley.com\/blog\/#\/schema\/person\/7fd92f0836d96b8d23ba3a1d2e7a41bf\"},\"headline\":\"State of the Austin Real Estate Market\",\"datePublished\":\"2020-12-21T10:53:24+00:00\",\"dateModified\":\"2022-01-27T12:09:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/heathertankersley.com\/blog\/state-of-the-austin-real-estate-market\/\"},\"wordCount\":645,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/heathertankersley.com\/blog\/#\/schema\/person\/7fd92f0836d96b8d23ba3a1d2e7a41bf\"},\"keywords\":[\"austin real estate market\",\"austin texas\",\"real estate\",\"real estate FAQ\",\"real estate market\"],\"articleSection\":[\"About Austin\",\"General Information\",\"Real Estate Education\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/heathertankersley.com\/blog\/state-of-the-austin-real-estate-market\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/heathertankersley.com\/blog\/state-of-the-austin-real-estate-market\/\",\"url\":\"https:\/\/heathertankersley.com\/blog\/state-of-the-austin-real-estate-market\/\",\"name\":\"State of the Austin Real Estate Market - 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