IMAGINE AUSTIN + CODENEXT
- By Christine Wren
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- 23 Apr, 2018
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What is CodeNEXT exactly and how will it affect me?
In 2009, Austinites began a big-picture conversation about how to best tackle our toughest challenges, and to set a vision that would help guide our future. This multi-year process led to the successful adoption of a new citywide comprehensive plan called the Imagine Austin Comprehensive Plan, which was adopted by Austin City Council in June of 2012.
Our existing Land Development Code was written 30 years ago when Austin’s population was half the size it is now, and it has become overly complex after being amended hundreds of times over the years to accommodate unforeseen issues. The Code is being updated to help us create the kinds of places we want, as identified in Imagine Austin, and to address critical issues such as diminishing natural resources, household affordability, and access to healthy lifestyles.
For more information go to: https://www.wren.global/ImagineAustinandCodeNEXT
Imagine Austin is a comprehensive plan, crafted by the people of Austin to create a more affordable, mobile, and sustainable city.
What is CodeNEXT exactly and how will it affect me? CodeNEXT, as you’ve likely heard, is the City of Austin’s revision to its land development code, which determines what can be built, where, and how much. CodeNEXT is Austin’s opportunity to shape the future of our city and provide stronger tools to address housing affordability, transportation, environmental protection, and preserve the things that make this city so unique and special.
Every property owner in Austin will receive a postcard from the City of Austin with basic information about CodeNEXT and a list of scheduled hearings for public comment.
For more information go to: https://www.wren.global/ImagineAustinandCodeNEXT
We have all seen the headlines that report that buying a home is less affordable today than it was at any other time in the last ten years, and those headlines are accurate. But, have you ever wondered why the headlines don’t say the last 25 years, the last 20 years, or even the last 11 years?
According to the latest New Residential Sales Report from the Census Bureau, new construction sales in August were up 3.5% from July and 12.7% from last year! This marks the second consecutive month with double-digit year-over-year growth (12.8% in July).
According to CoreLogic’s latest Home Price Insights Report, national home prices in August were up 5.5% from August 2017. This marks the first time since June 2016 that home prices did not appreciate by at least 6.0% year-over-year.
Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for the entirety of America’s existence.
The Austin Board of Realtors released new monthly housing data on Tuesday and, surprise, August was another one for the record books. The median home price for the City of Austin was $393,000.
Home shoppers are unwilling to negotiate on certain amenities, and prime among them are central air conditioning and a private patio or backyard, according to a new survey of more than 1,000 homeowners conducted by remodeling site Porch.com. On the other hand, prospective buyers are less likely to consider stainless steel appliances or a swimming pool as deal-breaking must-haves.
Renters and homeowners differ quite a bit in their priorities, the survey found. While homeowners ranked central air, private backyard areas, and guest bedrooms as high priorities, renters ranked central air, an in-unit washer and dryer, and pet-friendly building policies as their top amenities.
Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.2% year-over-year.
CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at the year-over-year increases in national median home price.
The chart below shows the four price ranges from the report, as well as each one’s year-over-year growth from July 2017 to July 2018 (the latest data available).
f you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well ...
For the last several years, buyer demand has far exceeded the housing supply available for sale. This low supply and high demand have led to home prices appreciating by an average of 6.2% annually since 2012.
With this being said, three of the four major reports used to measure buyer activity have revealed that purchasing demand may be softening. Here are the four indices, how they measure demand (methodology), what their latest reports said, and a quick synopsis of the report.
We all realize that the best time to sell anything is when the demand for that item is high and the supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that right now continues to be a great time to sell your house.
Let’s look at the data covered in the latest Pending Home Sales Report and Existing Home Sales Report.