Austin Real Estate News

We recently added quick searches and neighborhood profiles for the Crystal Falls community in Leander, a gorgeous golf community of five distinct neighborhoods just north of Austin, Texas. Read the profiles by clicking on a link below (or go directly to neighborhood home listings using the Quick Search at the top right of every page on our site).

Crystal Falls Leander, TX

The Boulders at Crystal Falls

Cap Rock at Crystal Falls (brand new – profile coming soon!)

The Fairways at Crystal Falls

Grand Mesa at Crystal Falls

The Highlands at Crystal Falls

If you are interested in seeing a home in Crystal Falls, call Reilly Realtors today at 512.600.1800. We’ll have a Crystal Falls expert ready to help!

“Housing Bulls Should Try Texas” – that’s a featured story in today’s Wall Street Journal. The main reasons given in the article are:

• Demand – 19% population growth in the last ten years, strong economy, and below average unemployment (8.3%).
• Laws – After the 1980s real estate bust, Texas enacted laws to keep investors from taking advantage of the real estate market. Plus Texas has “tight limits on home equity lines of credit” helping to keep foreclosure rates lower than most.
• Taxes – Since Texas is one of the few states that taxes property, but not income, demand for high priced homes (with high taxes) is smaller.
• Supply – Thanks to the environment in which Texas home builders work, new home supply is pretty much in balance with demand – in Austin it’s a 3 months supply (other states have over 10 months worth). Additionally, Texas has not seen a glut in the lot market. For example, in Austin there is a 37 months supply (24 months would be great – and Austin is seeing a decline in supply) – whereas cities like Denver and Phoenix have 90 months and 98 months respectively.

So, investors should take a look at new Texas home builders. And those interested in purchasing a home in Austin should find more confidence with data like this.

Please let us know if we can help you with an Austin real estate purchase or sale. Our professional REALTORS are ready to serve you! Call Reilly Realtors at 512.600.1800.

We are always looking for ways to improve our website and Austin home search tool, so we are pleased to announce new search options! Under the Features search on the left hand side of our Search page, we recently added “3+ Garage” and “One Story”. See the arrows below for these new search check boxes and other favorite Austin home search options (Backs to Greenbelt, Gated Community, On Golf Course, and Waterfront).

If you need assistance buying and/or selling Austin real estate, please give us a call at 512.600.1800. Our professional Realtors look forward to serving you!