Mural Located at Viva Day Spa, 11601 Rock Rose Avenue| Photo by Austin.com
Happy Thursday, Y’all!
Yesterday as I was sharing my enthusiasm with my daughter about all the firsts that our new vice-president represents, it reminded me of the importance of representation in leadership. I greatly appreciate working with Compass, a company that truly walks the walk and has a diverse team of leaders at the helm!
On the local real estate front, I've had so many clients and friends asking what factors are causing so much heat in the Austin market. While there are a variety of economic factors at play, a significant part of the equation is that the increase in our time spent at home has brought forth deficiencies in our homes, which is the catalyst for making a change. If you are considering making a change yourself, but are worried about finding your new home due to low inventory, we have access to several programs that allow you to buy first and then sell. Our clients have found this to relieve so much stress in the process. Curious? I'd love to share the options and possibilities with you!
Austin Ranks High for Millennial Homebuyers
This month, online marketplace LendingTree released a report on the top most popular metro areas for millennial homebuyers, and Austin ranked #8 on the list! Based on LendingTree’s findings, their report uncovers that “millennials (defined as anyone born between 1981 and 1996) make up a majority of potential homebuyers in most of the country’s largest metros.”
According to LendingTree, the report was produced by analyzing “mortgage purchase requests made on the LendingTree platform across the nation’s 50 largest metros from Jan. 1 through Dec. 15, 2020.”
As for Austin, LendingTree revealed that 57.34 percent of the city's homebuyers are millennials with an average buyer age of 31 years and 4 months and an average credit score of 687, making it the #8 spot on the list!
Check out which other cities made it into LendingTree's top 10 metro areas for millennial homebuyers list here.
Your Guide to All Things
New & Noteworthy
Tesla Revs Up Plan for New $2.5 Million Showroom in South Austin
sla, the high-flying maker of electric vehicles, is driving into South Austin with its third local showroom.
A filing with the State of Texas shows Tesla plans a $2.5 million project to convert a structure at 500 E. St. Elmo Rd. into a nearly 30,000-square-foot showroom. Work is expected to start June 15
"... keep reading.
100-Mile Nature Trail Connecting Austin to San Antonio Springs Forward
Imagine a 100-mile network of trails for hiking and biking that runs from the Texas Capitol in Austin to the Alamo in San Antonio, connecting along the way to Barton, San Marcos, Comal, and San Antonio springs. This is the vision of the Great Springs Project, launched in 2018 and currently working on a master plan to make it a reality"
... keep reading.
Top Picks for Things to Do
Self-Love Sunday Outdoor Community Yoga Flow
If you could use a little more relaxation and Zen in your life while also boosting your physical fitness, then you don't want to miss My Vinyasa Practice's 60-minute community yoga session this weekend! This free outdoor class takes place on Sunday, Jan. 24, and is open to participants of all experience levels. Click here
Live Music at Vista Brewing
Head on out to Vista Brewing this Sunday, Jan. 24 for their “Live Music Under the Oaks” series! Their spacious, socially-distanced outdoor set-up makes this a safe and fun event for all! Bask in a delightful afternoon of kicking back and listening to some great local live music while also enjoying some tasty food and brews. Get more info here.
Congrats to our wonderful clients who relocated from Washington, DC! They recently went under contract on their gorgeous new home at 305 Tillery Square. We are so happy to help them win this one!
305 Tillery Square, Unit 2
3 Bed | 3.5 Bath
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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. marketingcenter-greateraustin-austin