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Bidding Wars Continue to Rage On

Pro Builder

Bidding Wars Continue to Rage On. For the fourth month in a row, Redfin reports more than half of homes listed on the site ended in a bidding war. These three most competitive markets saw 65% of Redfin offers facing bidding wars. cbroderick. Fri, 09/04/2020 - 10:05.

Bidding 52
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Texas Buyers Are Succumbing to a Frenzied Market—But Prices May Be Slowing

Pro Builder

As affordability pressures mount across cities like Austin, price growth is steadily decelerating, but sellers still have the upper hand. Some are refusing to make major home repairs or accept offers including down payment assistance, and bidding wars are becoming more frequent and more intense. Moni Loa knows all about bidding wars.

Texas 105
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Home Inventory Levels: US Cities With the Most—or Fewest—Homes for Sale

Pro Builder

is battling a severe shortage of for-sale housing, leading to frenzied bidding wars, inflated home prices, and a stalemate between wary buyers and sellers. Compare that to the West and South, where hot markets like Austin, TX, Nashville, TN, and Sarasota, FL, have seen inventory more than double compared with this time last year.

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While New Homes See Fresh Competition, Older Houses Sit Unsold

Pro Builder

If the house is perfect, the odds of someone else wanting it are high, too,” says Geena Peoples, an Austin, TX–based real estate agent with The Juice Group at Compass. Back in 2021, you could list just about anything and there would be a line out the door,” says Peoples.

Housing 98
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Buyers Pull Back After Extended House Hunting

Pro Builder

Last winter, the Veros family found a home that fulfilled their modest wishlist and placed a bid for $6,000 over asking. When they learned the winning bid offered $60,000 more, the Veros knew they needed to give everything they could. Buyers Pull Back After Extended House Hunting. cbroderick. Fri, 07/23/2021 - 09:58.

Housing 52
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Transforming shopping malls into 21st century neighborhoods

BD+C

A public-private partnership between Austin Community College and Red Leaf Properties led to the redevelopment of the 81-acre former Highland Mall near a working-class and immigrant neighborhood in Austin, Texas into Highland ATX, an innovative learning center and new mixed-income, transit-oriented community.

Austin 105
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Demand For Construction Estimators Expected to Grow

Constructonomics

But, as Software Advice–a software research company based out of Austin, Texas–recently reported, that’s just what the Bureau of Labor statistics is expecting to happen for the role of construction estimator. In our current economy, few jobs are expected to experience faster-than-average growth.