Hi Michael,

Happy Thanksgiving Thursday!! Hope you and your families are enjoying this week with plenty of Food, Football, and more!

Exodus from California through Texas to new investor hotspot Miami, we have something for everyone this week! Some Great news for multifamily investors, a breakdown of why so many are moving to Texas, the changes that transformed the market over the last decade, October stats Austin vs the national averages, and more!

Happy Thanksgiving,

Mike & Steve Cossette

(512) 299 5904

[email protected]

Do you know anyone who may need our services? Feel free to pass this email along so we can chat with them about their real estate needs!

Community News

Why so many Californians are moving to Texas

The California exodus isn't over. About 60,000 more people moved from California to Texas than the other way in 2022. Here's a great piece from the LA times which breaks it all down.

Austin shines as the No. 1 most festive city in the U.S. for 2023

Austin homes, businesses, and special events that go all out to deck their halls for the holidays have not gone unnoticed. Austin has been named No. 1 most festive city in the United States in two different 2023 reports.

New Listings This Week

What's Your Home Worth?

National Market Report

RE/MAX NATIONAL HOUSING REPORT OCT 2023

Inventory Grows While Declines in Sales, New Listings Soften

October brought some promising signals, particularly compared to last year, despite the high interest rates. Nationally and locally the positive trend of monthly inventory growth continues, and prices seem to be finding stability, at least for now.

While the real estate landscape remains challenging to say the least, the high demand for homes on a national level remains, and buyers are gradually gaining more negotiating power.

This is great News for Buyers, get into a deal while interest rates are high, because with all the demand on the sidelines as soon as rates drop, prices will jump up quickly and Buyers will be paying more for the same house.

Austin MSA Compared to The National Averages

Austin MSA October Stats YOY

# Closed Sales: Up +4%
Median Sales Price: $435,000 down -7%
Ave Days on Market: 68 up by 21 days
Months of Inventory: 3.9month, up by 0.7 months
# New Listings: down less than 1%
# Active Listings: Up by 5%

Central Texas Sept Market Report

National Ave Oct Stats YOY

# Closed Sales: down -8.7%
Median Sales Price: $410,000 up +2.8%
Ave Days on Market: 36 days up 1 day
Months of Inventory: Stayed flat at 2.3 months
# New Listings: down -1.3%
# Active Listings: Down -6.9%

RE/MAX National Market Report

New Market Activity by Area

See Our Listings

Investor Insights

5 Big Real Estate Transformations this decade, The New Hot City for Buyers

This is a great article to understand the game-changing post-pandemic shift which uncovers insights on the market trends, buyer behaviors, and strategic investment adjustments. Great for investors navigating the new landscape, this article is a must-read!

Fannie Mae's NEW 5% Down Program for Multifamily Properties: Essential info for Small MF Investors

Fannie Mae's game-changing for small multifamily 5% down payment program. This opens doors for more accessible into lucrative investment opportunities in small Multifamily Real Estate. Check out the details and elevate your real estate portfolio

Thanksgiving Events in Austin 2023

CLICK HERE TO SEE THE MARKET REPORT ARCHIVE

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