Mural Location: 1511 East 6th Street |
Photo Credit: wishinghorseproductions.com
|
Happy Saturday, Y’all! A recent report came out sharing that average Austin rent prices have increased by nearly 10% over the past year. Renting certainly has some advantages, including no maintenance responsibilities, and for some seasons of life, renting can be a perfect choice! However, one of the many advantages to becoming a homeowner is that it can help you stabilize your housing costs — and each year, when rents go up, your mortgage payment will look better and better in comparison. Additionally, you will likely move less often, which saves you both the hard costs of moving and the less tangible costs, including the time and energy it takes away from other endeavors. Having just moved for the first time in almost a decade, I have been reminded of how much time and energy it takes!
People often express that they don't want to reach out to a Realtor until they are ready to buy because they don't want to waste anyone's time. But in my experience, many people think they can't buy when they actually can! I encourage you to reach out whether you feel like you are ready to buy this year or also if you are just curious about what you need to have in place for it to be possible so you can start planning.
|
Austin Rent Prices Increased Nearly 10 Percent From 2022, Report Finds
|
"Apartment rent keeps going up in Texas, and in Austin the increase is nearly 10 percent more than last year, making it increasingly difficult to afford living in the city. That’s according to a new national rent report from online rental marketplace Zumper.
Despite rent increases showing a small slowdown month-over-month, overall prices are still on the high side from the previous year. For example, the average rent for a two-bedroom apartment in Austin is $2,070 now, in March of 2023, which is a one percent increase from the previous month, but a nearly 10 percent increase from 2022 at 8.4 percent.
The average rent for a one-bedroom is $1,670, which is a mere .60 percent increase month-over-month, but a whopping 7.7 percent increase from last year," says CultureMap Austin.
Click here to keep reading the full article from CultureMap Austin.
|
Are you (or someone you know) a current renter looking to buy your first home? I'd love to help! Reach out!
|
Your Guide to All Things
New & Noteworthy
in Austin
|
|
|
Gothic Austin Home Sells After Catching the Eyes of Onlookers During the Modern Home Tour
"
Not even a month after the Modern Home Tour, a home listed on the tour has sold. The all-black Victorian house has sold, according to John Gioffre, the owner. The listings on both Zillow and Trulia have the home"
... keep reading.
|
Top Picks for Things to Do
|
Austin Spring Home + Garden Show
The annual Austin Spring Home Show is this weekend and will offer a marketplace of home-related products and services, interactive exhibits and displays, and informative presentations from local and international industry experts.
Click here for more info and tickets!
|
|
|
|
Sazon Latin Food Festival
The Sazon Latin Food Festival is back at Armadillo Den this Sunday! This free event will have more than 20 different Latin food vendors, so you can taste all the best flavors from the Caribbean, Central and South America. There will also be great music and drinks!
Click here for more info.
|
821 Harris Ave,
Austin, TX
3 Beds | 2 Baths | 1,991 SF
$4,000/month, unfurnished
|
|
For Lease! Wonderfully maintained home within steps of Lee Elementary, close to UT and new medical center. Hardwood floors throughout with lots of natural light and charm. The kitchen has plenty of cabinets and is open to the family room. Two bedrooms downstairs with original tile in the bathroom. The primary bedroom is upstairs with a large in-suite bath and two walk-in closets... click here for the full lease listing and reach out if you'd like to schedule a private tour.
|
If you were forwarded this e-mail and would like to receive my weekly newsletters, click below to subscribe!
|
|
© Compass 2023 ¦ All Rights Reserved by Compass ¦ Made in NYC
The information contained herein does not purport to be complete nor, necessarily, accurate and should be independently verified; nor does it represent or constitute a legal analysis or financial advice. All of the financial projections and/or conclusions are provided for illustration purposes only. Compass and its agents disclaim any and all liability for representations and warranties, express or implied, contained in, or for omissions from, the information contained herein or any other written or oral communication transmitted or made available to the recipient. This represents an estimated sale price for this property. It is not the same as an opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
marketingcenter- |
|
|
