All Forum Posts by: Bryan Noth

Happy to @Sam Shirazi, map courtesy of Google below:

You are correct that San Antonio is SouthWest of Austin but Goodnight Ranch sits fairly close to I35 which is the major connecting highway for the two MSAs.  

@Adefemi Tee

House hacking is an incredibly powerful tool to launch your REI. For that downpayment percentage, FHA will likely be the only option as @Reid Chauvin mentioned. However, the market is currently allowing for FHA and VA offers to stand a fair chance during consideration. There is a window of opportunity for that strategy currently whereas the first six months of 2021 FHA/VA offers were largely dismissed.

The article reports that Austin City Council approved an amendment for the PUD to allow up to 6,300 to be built in the community. With those numbers Goodnight Ranch is positioned to become one of the largest development by units in the Austin MSA. The development includes the housing units mentioned, over 700,000 square feet of commercial space, and two schools.

This is big news for this corridor of Austin.  Far South East Austin has seen slower growth than other respective regions in the Austin MSA.  This also adds to the growing expansion between Austin and San Antonio which houses the fastest growing county by percentage in the state.  

Article link:

https://www.bizjournals.com/au...

@Sam Shirazi almost certainly.  Anything along 130 corridor has merit as Austin continues to expand.  That infrastructure access for transportation to circumvent the city is a definite factor.  

Del Valle will likely see far more impact from Tesla than from this new Samsung plant given the distance between the two sites.  Manor is close enough to see some spillover but they are also benefiting from East Austin's growth as well.  

For true impact of Samsung's new factory I think Taylor (no surprise here) will see biggest splash followed by Round Rock and Hutto.  Pflugerville will also likely see some impact as well.  

In a highly anticipated but not unsurprising announcement, Samsung has officially selected the NorthEast suburb of Austin, TX for their next chip plant.  Many of the tax incentives for the factory were approved months ago and company sources reported to the WSJ that an official announcement is expected later today.

The 1200 acre site is on the Western side of Taylor, TX.  This is one of the largest foreign country's investments on US soil at $17 billion dollars.  For perspective, the Tesla Gigafactory in East Austin was $1.1 billion.  Samsung has guaranteed 1,800 direct jobs and the ripple effect of indirect jobs created is expected to be near 10,000.  Building is expected to start January of 2022.  

This will undoubtedly have a tremendous impact on the local market of Taylor but will also likely affect the submarkets in between Austin as well.  Heading NorthEast from Austin the closest suburb is Round Rock, then Hutto, and finally Taylor.  Highway 79 runs through all of those cities running East to West and also intersects toll road 130 which encircles the Eastern side of Austin and I35.  Tesla built directly off of toll road 130 as well.  

Wall Street Journal article link here:

https://www.wsj.com/articles/s...

Austin Business Journal Link here:

https://www.bizjournals.com/au…

Local news report link here:

https://www.kxan.com/news/loca...

The article highlights the City's approval of incentives and notes it is based on the employer bringing 1000 jobs to the area.  This northwest corridor of Austin has been buzzing with growth in recent news.  

Original article link below:

https://www.bizjournals.com/au…

Alternate article link here:

https://communityimpact.com/au...

October 2021 Market Update for Austin, TX MSA

October 2021 statistics have been released for the Central Texas Housing market. There was a slight increase from the preceding month and a greater than 20% increase from the preceding year.

The City of Austin saw a change in median home price from $525,000 to $536,000, a month to month increase of $11,000 and a 21% increase from the previous year. The Austin-Round Rock Metropolitan Statistical Area saw a change in median home price from $450,000 to $455,000, for a month to month increase of $5,000 and a 24% increase from the previous year.

The following infographics and data is courtesy of the Austin Board of Realtors:

Housing inventory shrank marginally to 1 month for both the City of Austin and the entire MSA. The five county region saw no change in new listings from the preceding year and a 8.6% decrease from the preceding month. Days on Market are up from 17 days to 21 days. This is 9 days less than the region saw for the same timeframe in 2020.

As the winter season approaches, the housing market typically sees a decrease in activity. This has echoed true thus far with no change in new listings for the month of October despite a growth of population and housing inventory from the preceding year. Couple the decrease in new listings from September’s numbers with an increase in pending sales for the month of October and the result is a decline in housing inventory.

With inventory declining and population increasing the market trend looks eerily similar to the preceding year. Demand outpaced supply then and the influx for housing needs here only continues to grow. Hopefully the market does not see the same rate of escalation that we did a year ago but the fundamentals look quite similar.

Disclaimer: The information provided here is for educational purposes only, past performance is never a guarantee of future performance.

@Travis Nevill congratulations on getting your license. STR is very challenging in the city of Austin unless you are owner occupying. Non-owner occupant requires a type 2 STR license and they simply are not giving those out right now. Surrounding cities and suburbs do not have the same restrictions, though the property could have a HOA that could restrict STR use.

Glad to have you on BP and looking forward to connecting.  

@Paul Leavitt@Paul Leavitt

This report does not break down those categories to that level of depth, it focuses on raw numbers with respect to population trends over the last 10 years. If you are looking for that detailed of an insight I would recommend the NAR reports.

Residential overview by state then by respective MSA here:

https://www.nar.realtor/resear...

Commercial and Industrial Overview trends here:

https://www.nar.realtor/commer…

Many other information conglomerates will publish data (ie CoreLogic), usually quarterly or annually.  Those reports are infamous for being an intensive read.  

Hope that helps and welcome to Texas!

Recent report from the US Census Bureau on Housing growth, report linked below, tables pulled directly from the report:

Of the top 10 in the country, 5 are found in Texas.  Hays (South / South West Austin) claimed the number 1 spot by percentage and Williamson (North Austin) claimed the 5th spot.  Every major metro in Texas (Austin, San Antonio, Dallas - Fort Worth, Houston) had at least one county represented in this list as well as in the following table:

Table 3 shows outlying counties for MSAs that were analyzed.  Here again, 5 of the top 10 for the United States were in Texas.  

Worth noting 2 of the fastest growing regions are between Austin and San Antonio - New Braunfels.  This region just had another billion dollar development announced for the region with a massive green energy project.  Worth keeping an eye on.  

https://www.census.gov/library...