Austin Board of REALTORS®
Austin Board of REALTORS®
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Driving It Home - Looking Back on 2024
In this episode of Driving It Home, Dr. Clare Knapp and Kelea Youngblood wrap up 2024 with a comprehensive overview of the Austin housing market, described as a "steady" year. Dr. Clare Knapp highlights key trends, including a modest decline in home sales and prices by less than 2% year over year. Elevated mortgage rates and persistent high home prices were major themes, with sellers still benefiting from substantial home equity gains-over 40% in median sales prices from 2019 to 2024. This steady market performance reflects broader economic influences, including the Federal Reserve's rate policies, which significantly shaped buyer and seller behaviors.
First-time homebuyers experienced improved opportunities in 2024 due to increased inventory, particularly among lower-priced homes in areas like Hayes and Williamson counties. These trends reflect a market shift where sellers adjusted expectations and more affordable options became available. Mortgage rates remained a critical factor, with fluctuations throughout the year ultimately settling higher than anticipated, prompting many buyers to accept the new norm of elevated rates. These dynamics enabled more first-time buyers to enter the market, contributing to a stronger performance for this group compared to previous years.
The podcast concludes with a focus on long-term home price appreciation, emphasizing Austin's strong historical growth and its position as a leader among Texas metros. The hosts encourage agents to highlight these trends to clients, underscoring the wealth-building potential of homeownership. Looking ahead, they tease a forthcoming episode on 2025 market expectations and promote the transition to their new website, UnlockMLS.com, as a hub for housing market insights and resources.
Links Mentioned
UnlockMLS.com
Download an episode transcript: abor.me/DIH-12-23-24
Listen On:
Apple: podcasts.apple.com/us/podcast/driving-it-home-with-abors-housing-economist/id1714289732
TH-cam: th-cam.com/play/PLzH_caxJ3VPq5iExWilqZOahnREgSFgqC.html
Connect with us on socials: www.unlockmls.com/socials
Connect with Dr. Clare Knapp on LinkedIn: www.linkedin.com/in/clare-losey
Have feedback? Email us at communications@abor.com.
มุมมอง: 91

วีดีโอ

Unlock MLS Market Statistics | November 2024
มุมมอง 4229 ชั่วโมงที่ผ่านมา
November’s sales growth reflects September’s lower mortgage rates (6.08%), which encouraged buyers to take action. With steady inventory and pending sales activity, Austin’s housing market is poised for stability heading into the new year. Dive into the November 2024 Central Texas Housing Report now at UnlockMLS.com/Stats.
Earn Your CIPS Designation and Take Your Real Estate Career to the Next Level
มุมมอง 2012 ชั่วโมงที่ผ่านมา
The Certified International Property Specialist (CIPS) designation is necessary for real estate professionals looking to excel in the global market. Join us in January 2025 for the comprehensive CIPS Institute, a game-changing educational opportunity you won't want to miss! For more info, go to UnlockMLS.com/CIPS
A Holiday Surprise from Unlock MLS and ABoR!
มุมมอง 77316 ชั่วโมงที่ผ่านมา
Unlock MLS and ABoR President Kent Redding introduces the launch of the new UnlockMLS.com (formerly ABoR.com)! From market stats to innovative research, this new site is designed to help you succeed and to stay competitive in our marketplace. Check it out now and unlock the possibilities at www.UnlockMLS.com.
MLS Power Hour: UnlockStats
มุมมอง 902วันที่ผ่านมา
Don't fall into analysis paralysis when searching for market trends. With your new Unlock MLS subscriber benefit, UnlockStats, you can quickly and easily access the market data you've been craving! Learn how to pull stats and discover what UnlockStats can do for your business.
MLS Quick Tip | MLS Data Share: Searching the Data
มุมมอง 852วันที่ผ่านมา
Unlock MLS is thrilled to announce our first-ever data share agreement with the Houston Association of Realtors' MLS and the San Antonio Board of Realtors' MLS! With this update, you'll gain access to over 60% of the total housing market, all within your Unlock MLS system. This data share will bring a significant portion of Houston and San Antonio MLS listings into Unlock MLS. We’re adding a “S...
December 3, 2024 | Driving It Home with ABoR's Housing Economist
มุมมอง 4421 วันที่ผ่านมา
In this episode of Driving It Home, Dr. Clare Knapp and Danielle Hammett discuss how UnlockStats (abor.com/unlockstats) streamlines tasks by providing pre-programmed charts and user-friendly dashboards in seconds. This robust platform allows agents to generate customized insights in real time, helping them communicate trends and make informed recommendations to clients. Dr. Knapp and Danielle d...
Unlock MLS Market Statistics | October 2024
มุมมอง 35หลายเดือนก่อน
Active listings increased 9.3% in the Austin-Round Rock-San Marcos MSA during October 2024. With 5.1 months of inventory, homebuyers have more options amidst a high-interest rate environment. Find more statistics from the October 2024 Central Texas Housing Report at www.ABoR.com/MarketStatistics.
November 12, 2024 | Driving It Home with ABoR's Housing Economist
มุมมอง 51หลายเดือนก่อน
In this episode of Driving It Home, Housing Economist Dr. Clare Knapp and Deputy Director of Communications Danielle Hammett, discuss the October housing market data for Central Texas. Dr. Knapp reveals that closed sales and median sales prices are relatively flat on a year-over-year basis, with only a slight decrease in both metrics. She notes a peak in active listings, suggesting inventory ma...
UnlockStats Tutorial #5 | Market Reports: Example Scenario #2
มุมมอง 24หลายเดือนก่อน
See an example of using UnlockStats to help you when working with a buyer. UnlockStats is a powerful market intelligence tool that’s exclusive to UnlockMLS subscribers. To learn more, visit www.abor.com/unlockstats.
UnlockStats Tutorial #4 | Market Reports: Example Scenario #1
มุมมอง 15หลายเดือนก่อน
See an example of using UnlockStats to help determine accurate sales pricing for your seller. UnlockStats is a powerful market intelligence tool that’s exclusive to UnlockMLS subscribers. To learn more, visit www.abor.com/unlockstats.
UnlockStats Tutorial #3 | Market Reports: An Overview
มุมมอง 17หลายเดือนก่อน
Unlock MLS Housing Economist, Dr. Clare Knapp, unpacks how to pull market reports stats using UnlockStats. UnlockStats is a powerful market intelligence tool that’s exclusive to UnlockMLS subscribers. To learn more, visit www.abor.com/unlockstats.
UnlockStats Tutorial #6 | Rental Reports: An Overview
มุมมอง 12หลายเดือนก่อน
Unlock MLS Housing Economist, Dr. Clare Knapp, unpacks how to pull rental reports using UnlockStats. UnlockStats is a powerful market intelligence tool that’s exclusive to UnlockMLS subscribers. To learn more, visit www.abor.com/unlockstats.
UnlockStats Tutorial #1 | Introduction
มุมมอง 15หลายเดือนก่อน
Meet UnlockStats, a powerful market intelligence tool that’s exclusive to Unlock MLS subscribers. It’s your key to discovering new market insights that will make a big impact on you and your clients. To learn more, visit www.abor.com/unlockstats.
UnlockStats Tutorial #2 | Overview of the Dashboard
มุมมอง 23หลายเดือนก่อน
Get the fundamentals for logging in to UnlockStats and see an overview of the dashboard. To learn more about this exclusive Unlock MLS subscriber benefit, visit www.abor.com/unlockstats.
October 29, 2024 | Driving It Home with ABoR's Housing Economist
มุมมอง 32หลายเดือนก่อน
October 29, 2024 | Driving It Home with ABoR's Housing Economist
October 22, 2024 | Driving It Home with ABoR's Housing Economist
มุมมอง 342 หลายเดือนก่อน
October 22, 2024 | Driving It Home with ABoR's Housing Economist
Unlock MLS Market Statistics | September 2024
มุมมอง 202 หลายเดือนก่อน
Unlock MLS Market Statistics | September 2024
October 15, 2024 | Driving It Home with ABoR's Housing Economist
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October 15, 2024 | Driving It Home with ABoR's Housing Economist
Introducing UnlockStats!
มุมมอง 5982 หลายเดือนก่อน
Introducing UnlockStats!
October 1, 2024 | Driving It Home with ABoR's Housing Economist
มุมมอง 702 หลายเดือนก่อน
October 1, 2024 | Driving It Home with ABoR's Housing Economist
September 24, 2024 | Driving It Home with ABoR's Housing Economist
มุมมอง 403 หลายเดือนก่อน
September 24, 2024 | Driving It Home with ABoR's Housing Economist
September 17, 2024 | Driving It Home with ABoR's Housing Economist
มุมมอง 673 หลายเดือนก่อน
September 17, 2024 | Driving It Home with ABoR's Housing Economist
Unlock MLS Market Statistics | August 2024
มุมมอง 223 หลายเดือนก่อน
Unlock MLS Market Statistics | August 2024
September 10, 2024 | Driving It Home with ABoR's Housing Economist
มุมมอง 743 หลายเดือนก่อน
September 10, 2024 | Driving It Home with ABoR's Housing Economist
September 4, 2024 | Driving It Home with ABoR's Housing Economist
มุมมอง 513 หลายเดือนก่อน
September 4, 2024 | Driving It Home with ABoR's Housing Economist
Meet FOREWARN! | Cathy Coneway
มุมมอง 223 หลายเดือนก่อน
Meet FOREWARN! | Cathy Coneway
August 27, 2024 | Driving It Home with ABoR's Housing Economist
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August 27, 2024 | Driving It Home with ABoR's Housing Economist
Chat With the Experts | Alexia Smokler
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Chat With the Experts | Alexia Smokler
The Truth About Austin's Housing Market
มุมมอง 2K4 หลายเดือนก่อน
The Truth About Austin's Housing Market

ความคิดเห็น

  • @condojoe
    @condojoe 7 วันที่ผ่านมา

    When was the Splash Page photo taken? This has got to be a photo of Austin some years ago. If this is new, let's make it up to date!

    • @mattrifley3780
      @mattrifley3780 6 วันที่ผ่านมา

      That's because everything in Austin is 20 years behind what we really need in this city.

  • @SEOEXPERT-bp3gu
    @SEOEXPERT-bp3gu หลายเดือนก่อน

  • @isaacperez1221
    @isaacperez1221 3 หลายเดือนก่อน

    My Land /property doesn't come up when I try to put it in the jump to address box

  • @swingambassador
    @swingambassador 4 หลายเดือนก่อน

    Advertisement

  • @MARJORIEMonson-t7z
    @MARJORIEMonson-t7z 4 หลายเดือนก่อน

    As always great information. Thank you,

  • @EdwardLui
    @EdwardLui 4 หลายเดือนก่อน

    this is for selling, what about leasing?

  • @DiscoDashco
    @DiscoDashco 4 หลายเดือนก่อน

    I know Jack Sellers! Great instructor.

  • @MiaSellsAustin
    @MiaSellsAustin 4 หลายเดือนก่อน

    Thank you for the updated information!

  • @ronniebaker1347
    @ronniebaker1347 5 หลายเดือนก่อน

    Homestead relocation to properties that sold at well above list price is, in my mind, still "speculation." Prove me wrong.

  • @aseelhadi3952
    @aseelhadi3952 5 หลายเดือนก่อน

    Thank you

  • @nadeemahmad4432
    @nadeemahmad4432 5 หลายเดือนก่อน

    How many PERM Official Fees charge form US DOL?

  • @WillyMcGee
    @WillyMcGee 5 หลายเดือนก่อน

    Can you your developers for the unlockmls app, to change the max price setting from 0-1k-5k to instead go up by increments of $250.. Most rental properties are in the 2100-2500-2750 range for single family. It'd make touring on the go much smoother.

  • @charlieaghadiuno7308
    @charlieaghadiuno7308 5 หลายเดือนก่อน

    Thanks NAR....NAR looking like NAW to me

  • @GMcGee05
    @GMcGee05 6 หลายเดือนก่อน

    In the buyers broker or tenant rep role, it'll be even more work. Tons of the same phone call or email to the listing agents? "How much compensation is the landlord or seller's brokerage offering to the tenant rep or buyer's broker?" Just because NAR got sued and lost, why should that affect us, in Austin, Texas? I'm not even a member of NAR? Who is?

  • @tyswintonaustinrealtor597
    @tyswintonaustinrealtor597 6 หลายเดือนก่อน

    Thank you for the info.

  • @VOICEOFQUEENS
    @VOICEOFQUEENS 6 หลายเดือนก่อน

    Subscribed!!!!! Thank you

  • @Hannah.C.Williams
    @Hannah.C.Williams 6 หลายเดือนก่อน

    Thank you for the great info!

  • @victoriaboulom1479
    @victoriaboulom1479 7 หลายเดือนก่อน

    Thank you this is very helpful!

  • @dark_lightlast_night2676
    @dark_lightlast_night2676 7 หลายเดือนก่อน

    This is truly helpful message, thanks to share.

  • @michaelmiller6478
    @michaelmiller6478 7 หลายเดือนก่อน

    how to list when land listing keeps requesting Room?

    • @AustinBoardofREALTORS
      @AustinBoardofREALTORS 7 หลายเดือนก่อน

      Hi Michael! Please send us an email at support@abor.com. Thank you!

  • @Reman9
    @Reman9 8 หลายเดือนก่อน

    As an ABOR member and appraiser I’d like to caution the use of this app without consent from your homeowners. The app takes a video of the interior of the property and ships it to countries like Vietnam or India to produce the floor plan overnight. Do you know how the data is protected?

    • @AustinBoardofREALTORS
      @AustinBoardofREALTORS 6 หลายเดือนก่อน

      What are CubiCasa’s security and privacy standards? CubiCasa maintains high standards for information security and privacy, operating in compliance with all relevant privacy laws in the US and EU (GDPR). CubiCasa Privacy Policy is located here. All of the CubiCasa servers and systems are physically located in the U.S. to ensure no data leaves US soil, and we undergo ongoing testing and monitoring from third-party auditors to ensure our systems have appropriate safeguards and controls. It's in our interest to ensure we meet extremely high levels of privacy protection because that's how we secure the trust of our users. For more details about the ABoR member benefit visit: ABoR.com/CubiCasa

  • @Treywhite911
    @Treywhite911 8 หลายเดือนก่อน

    In remine I don't have the option for off market...

  • @michaelcabrera7420
    @michaelcabrera7420 10 หลายเดือนก่อน

    And then move your way to .5 if necessary ?

  • @RoseKnowsHomes
    @RoseKnowsHomes 10 หลายเดือนก่อน

    I am catching up on these - great job on explaining inflation trends! :)

    • @AustinBoardofREALTORS
      @AustinBoardofREALTORS 10 หลายเดือนก่อน

      Glad you are enjoying them @RoseKnowsHomes! Thanks for tuning in!

  • @danrose2539
    @danrose2539 11 หลายเดือนก่อน

    By the way i learned which PRO MLS in California is not partnered with remine !

  • @xavier_lucas
    @xavier_lucas 11 หลายเดือนก่อน

    With rates climbing in '23 and our mortgage at 7.5%, what alternatives can maximize savings without an RV move?

    • @Javier_Rodri
      @Javier_Rodri 11 หลายเดือนก่อน

      Affording our mortgage is tough. Considering cashing in, renting, and investing the rest in the stock market.

    • @_davidturner
      @_davidturner 11 หลายเดือนก่อน

      If you can afford to travel, you should manage the mortgage.

    • @Javier_Rodri
      @Javier_Rodri 11 หลายเดือนก่อน

      We own apartment but won't sell or inflate rents. Being cautious with rising costs.

    • @RyanBen-zc7bi
      @RyanBen-zc7bi 11 หลายเดือนก่อน

      Consider a fiduciary with mortgage-backed securities knowledge for guidance. Prices today may look like dips tomorrow.

    • @Javier_Rodri
      @Javier_Rodri 11 หลายเดือนก่อน

      I'd enlist a reputable fiduciary. How do I find and vet them? We value fiduciaries and are considering the idea.

  • @shannonhart9374
    @shannonhart9374 11 หลายเดือนก่อน

    the ownership filter is not accurate, says a friend of mine has lived in the home for 27 years and that is not ture. Also, absentee owner is also not accurate. Houston remine to be exact

    • @AustinBoardofREALTORS
      @AustinBoardofREALTORS 11 หลายเดือนก่อน

      Hi Shannon, thanks for this feedback. If you can please reach out to our support team at support@abor.com with the specific details that are inaccurate, we'll be sure to work with the Remine team to correct it. Thank you again for letting us know!

  • @Arguewityamama
    @Arguewityamama ปีที่แล้ว

    Extremely helpful!

  • @TheMattteifke
    @TheMattteifke ปีที่แล้ว

    hey hey!!!

  • @TheMattteifke
    @TheMattteifke ปีที่แล้ว

    Glad yall are putting it out there!!!

  • @TheMattteifke
    @TheMattteifke ปีที่แล้ว

    Thanks for sharing!!!

  • @RoseKnowsHomes
    @RoseKnowsHomes ปีที่แล้ว

    Good information for agents😀

  • @Texashogmeister
    @Texashogmeister ปีที่แล้ว

    Earballs!!! LOL

  • @RollingwoodMgmt
    @RollingwoodMgmt ปีที่แล้ว

    Hi Dr. Losey, Here are some September lease market stats: - Average Leased Price - $2,647, down 3.46% from 2022 - Median Leased Price - $2,350, down 2.08% from 2022 - Average Days to Lease - 34, up 61.90% from 2022 - Total New Leases - 1,898, up 8.52% from 2022 - Months of Inventory - 1.9 up from 2022 In talking with several other management company owners, they are all seeing longer DOM and substantial price reductions. This market shift, along with the end of the summer normal downturn, these are hitting the market hard. Good news for tenants, not so good news for investors. Thoughts?

  • @Texashogmeister
    @Texashogmeister ปีที่แล้ว

    Good stuff.. Thank you for discussing the housing market and interest rates..

  • @jasminsalazar7005
    @jasminsalazar7005 ปีที่แล้ว

    Is there a podcast version of this? If so, could you provide a link?

    • @AustinBoardofREALTORS
      @AustinBoardofREALTORS ปีที่แล้ว

      Hello! At the moment, it is only available via our TH-cam, but be on the lookout for it on all major podcast platforms in the near future!

  • @drakebesheer4071
    @drakebesheer4071 ปีที่แล้ว

    Great information

  • @herbertmartinez7647
    @herbertmartinez7647 ปีที่แล้ว

    Realistically, it appears that those who went on Gov’t handouts and were staying home, are realizing that those handouts might become a thing of the past and are getting back to work.

  • @CentralAustinHomes
    @CentralAustinHomes ปีที่แล้ว

    another great show - ) I do have questions but will email you. Cheers thanks for modernizing ABOR!

  • @Texashogmeister
    @Texashogmeister ปีที่แล้ว

    Great vid, but would be awesome if you guys would discuss the actual housing market;for example time of market, inventory, price reductions, and the actual real estate industry and market in CTX.. Hmmm there is an idea..

    • @reveldave
      @reveldave ปีที่แล้ว

      @johndukerealtor just curious if you listen every week. Some weeks are more focused on real estate data…some more focused on national economic data that many realtors don’t know. I can use MLS to find real estate stats and I find this info very valuable. Just my opinion.

  • @dennisa5881
    @dennisa5881 ปีที่แล้ว

    'Promo SM'

  • @RoseKnowsHomes
    @RoseKnowsHomes ปีที่แล้ว

    Thank you for the market insight! 😀

  • @reveldave
    @reveldave ปีที่แล้ว

    Kelea and Dr. Losey, thanks again for dropping the knowledge!

  • @mariamorrison4993
    @mariamorrison4993 ปีที่แล้ว

    Hi you mentioned podcast where you go into renting vs buying….what is the date of that one? I can’t find it 😀

    • @AustinBoardofREALTORS
      @AustinBoardofREALTORS ปีที่แล้ว

      Hello @MariaMorrison4993! Dr. Clare Losey broke down the Buy vs. Rent Index during the 2023 Central Texas Housing Summit. You can find a recording at www.abor.com/housingsummit. Please reach out to communications@abor.com if you have any trouble!

  • @RoseKnowsHomes
    @RoseKnowsHomes ปีที่แล้ว

    Thank you for the info! 🙌🏽🤓